Filing Flows › Clearway Energy (CWEN) › Q3 2026 › vs Q3 2025
Clearway Energy (CWEN) Q3 2026 vs Q3 2025 (year over year)
Clearway Energy's revenue rose $93.0M (+22%) from $429M in Q3 2025 to $522M in Q3 2026. Operating margin 25.9% against 26.1% (-0.2 pts).
Clearway Energy, Q3 2026: revenue $522M (+22% year over year), operating margin 25.9%, net earnings $51.0M, operating cash flow $324M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 25.9% | 26.1% | -0.2 pts |
| Net margin | 9.8% | 54.1% | -44.3 pts |
| Free cash flow margin | 14.6% | 33.6% | -19.0 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $522M | $429M | $93.0M | +22% |
| Operating profit | $135M | $112M | $23.0M | +21% |
| Costs & expenses | $387M | $317M | $70.0M | +22% |
| Pre-tax earnings | $133M | $29.0M | $104M | +359% |
| Other expense, net | $2.0M | $83.0M | −$81.0M | -98% |
| Cost of revenue | $167M | $128M | $39.0M | +30% |
| General & admin | $13.0M | $10.0M | $3.0M | +30% |
| Other operating costs | $207M | $179M | $28.0M | +16% |
| Net earnings | $51.0M | $232M | −$181M | -78% |
| Minority interests | $72.0M | −$172M | $244M | — |
| Income tax | $10.0M | −$31.0M | $41.0M | — |
| Depreciation & amortization | $198M | $176M | $22.0M | +12% |
| Working capital & other | $75.0M | −$183M | $258M | — |
| Operating cash flow | $324M | $225M | $99.0M | +44% |
| Free cash flow (OCF − capex) | $76.0M | $144M | −$68.0M | -47% |
| Capital expenditures | $248M | $81.0M | $167M | +206% |
Questions
How much did Clearway Energy's revenue grow year over year in Q3 2026?
Clearway Energy's revenue rose $93.0M (+22%) from $429M in Q3 2025 to $522M in Q3 2026. Operating margin 25.9% against 26.1% (-0.2 pts).