Filing Flows › Clearway Energy (CWEN) › Q3 2026
Clearway Energy (CWEN) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 9, 2026
Clearway Energy (CWEN) reported revenue of $522M for the third quarter 2026 (Q3 2026), +22% from a year earlier and +9% from the quarter before. Operating margin was 25.9%, net earnings $51.0M (9.8% of revenue).
Clearway Energy, Q3 2026: revenue $522M (+22% year over year), operating margin 25.9%, net earnings $51.0M, operating cash flow $324M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $522M | +9% | +22% |
| Operating profit | $135M | +16% | +21% |
| Net earnings | $51.0M | -58% | -78% |
| Operating cash flow | $324M | +51% | +44% |
| Free cash flow | $76.0M | -42% | -47% |
What changed
Revenue was $522.0M in Q3 2026, up 22% year over year and up 9% from the previous quarter.
Operating profit was $135.0M, a 25.9% margin (down 0.2 points year over year). Of the extra revenue versus Q3 2025, 25% reached operating profit, below the 26% margin then. Total costs grew 22% against revenue growth of 22%. The fastest-growing cost line was Cost of revenue (+30%). Net earnings were $51.0M, down 78% year over year. The effective tax rate was 7.5%.
Operating cash flow was $324.0M (up 44% year over year), 263% of net income including minority interests. Non-cash charges added back $198.0M of depreciation and amortization. Capital expenditures of $248.0M left free cash flow of $76.0M.
Questions
What was Clearway Energy's revenue in the third quarter 2026?
Clearway Energy (CWEN) reported revenue of $522M for the third quarter 2026 (Q3 2026), +22% from a year earlier and +9% from the quarter before.
Was Clearway Energy profitable in the third quarter 2026?
Operating profit was $135M (25.9% of revenue) and net earnings $51.0M.
Source: Clearway Energy 10-Q on SEC EDGAR.