AI-extracted from the 10-Q filed 2026-08-05 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Clearway's Q2 FY2026 revenue rose 23% YoY to $481M, with Renewables & Storage acquisitions and favorable mark-to-market on hedges driving operating income up 37% to $116M despite a $92M noncontrolling-interest loss from HLBV tax equity accounting.
Biggest Revenue Drivers
Renewables & Storage$395M+15% YoY
Driven by Daggett 1 BESS, Luna Valley, Pine Forest and Rosamond South I acquisitions reaching commercial operations in 2H2025, Honeycomb BESS COD in April 2026, and Catalina and Cardinal solar acquisitions
Flexible Generation$86M+72% YoY
Increase in heat rate call option mark-to-market gains from changes in forward power and natural gas prices, partly offset by higher ERCOT forward power prices
Biggest Revenue Drivers
Total revenue: $481M+23% YoY
Renewables & Storage$395M+15% YoY
Driven by Daggett 1 BESS, Luna Valley, Pine Forest and Rosamond South I acquisitions reaching commercial operations in 2H2025, Honeycomb BESS COD in April 2026, and Catalina and Cardinal solar acquisitions
Within Renewables & Storage
Energy revenue$389M
Largest single revenue line within the segment per the filing's revenue disaggregation table
Flexible Generation$86M+72% YoY
Increase in heat rate call option mark-to-market gains from changes in forward power and natural gas prices, partly offset by higher ERCOT forward power prices
Largest Expense Items
Depreciation, amortization and accretion$196M+20% YoY
Primarily due to solar and BESS acquisitions
Operations and maintenance$118M+17% YoY
Driven by solar and BESS acquisitions and the Tuolumne wind acquisition
Interest expense$105M+27% YoY
Increase in principal balances from acquisitions and issuance of the 2034 Senior Notes
Transaction and integration costs$5M+150% YoY
Reflects acquisition and integration activity in the quarter
Margins: Operating income rose to $116M from $85M as revenue growth (+$89M) outpaced the combined increase in D&A, O&M and G&A expenses from recent acquisitions, aided by mark-to-market gains on economic hedges.
Watch Items from the Filing
Net loss attributable to noncontrolling interests was $(92)M versus $(18)M a year ago, primarily driven by HLBV losses at Daggett 1 and Honeycomb tax equity partnerships.
Certain subsidiaries sell output to PG&E under long-term PPAs; PG&E's credit rating is below investment-grade.
Total debt grew to $9,141M from $8,676M, including a new $600M 2034 Senior Notes issuance and a $703M Goat Mountain repowering financing commitment.
Restructured Elbow Creek, Langford and Mesquite Sky wind contracts into new 15-year fixed-price PPAs, reducing volumetric/merchant price exposure.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Rubenstein SarahEVP AND CFOGrant or award · Sep 1, 2026
Brown Michael AugustSVP, GC & Corp. SecretaryGrant or award · Sep 1, 2026
Malcarney Kevin P.EVP, GEN COUNSEL AND CORP SECRGrant or award · Jun 1, 2026
Congress trading in CWEN
2 transactions in CWEN reported by 1 member of Congress under the STOCK Act, most recent trade Oct 25, 2024. Reported transactions, not recommendations.
About Clearway Energy, Inc. (CWEN): stock profile, AI score and financials
Clearway Energy, Inc. (CWEN) stock profile, AI quality score, and SEC EDGAR financial data, a Utilities sector company. 13F Pro's AI-powered ranking engine scores CWEN at 66.3/100 on a composite quality score built from its SEC filings, placing it at rank #417 of 2,925 stocks — the top 25% of the AI-ranked universe. CWEN scores in the top quartile across earnings quality (94.3), free cash flow (92.5). Areas of concern include balance sheet strength (35.8), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q2 2026), Clearway Energy, Inc. reports quarterly revenue of $481.0M, net income of $122.0M, an operating margin of 24.1%. Top institutional holders of CWEN by reported 13-F value include BlackRock, VANGUARD PORTFOLIO MANAGEMENT, Clearbridge Investments, based on the most recent SEC filings. CWEN trades on the NYSE exchange and files with the SEC under CIK 1567683. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate CWEN daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Clearway Energy, Inc. directly from SEC EDGAR.