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How Clearway Energy (CWEN) makes money
Clearway Energy (CWEN) made $481M of revenue in the second quarter 2026 (Q2 2026), +23% from a year earlier. Of every dollar of revenue, 24¢ was left as operating profit, 25¢ was left as net earnings.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | Q2 2026 | % of revenue |
|---|---|---|
| Revenue | $481M | 100.0% |
| Operating profit | $116M | 24.1% |
| Net earnings | $122M | 25.4% |
| Operating cash flow | $214M | 44.5% |
| Free cash flow | $130M | 27.0% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q2 2026 | $481M | +23% |
| Q1 2026 | $354M | +19% |
| Q4 2025 | $310M | +21% |
| Q3 2025 | $429M | -12% |
| Q2 2025 | $392M | +7% |
| Q1 2025 | $298M | +13% |
| Q4 2024 | $256M | +3% |
From Clearway Energy's 10-Q filed Aug 5, 2026 (on EDGAR).
Questions
How does Clearway Energy make money?
Clearway Energy (CWEN) made $481M of revenue in the second quarter 2026 (Q2 2026), +23% from a year earlier. Of every dollar of revenue, 24¢ was left as operating profit, 25¢ was left as net earnings.
What is Clearway Energy's profit margin?
Net earnings were $122M, 25.4% of revenue, in the second quarter 2026; the operating margin was 24.1%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.