v3.26.1
Segment Reporting
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment Reporting Segment Reporting
The Company’s segment structure reflects how management currently operates and allocates resources. The Company’s businesses are segregated based on Flexible Generation and Renewables & Storage businesses, which consist of solar, wind and battery energy storage system, or BESS, facilities. The Corporate segment reflects the Company’s corporate costs and includes eliminating entries. The Company’s chief operating decision maker, its Chief Executive Officer, evaluates the performance of its segments based on net income (loss). The Company’s Chief Executive Officer reviews net income (loss) and its components on a monthly and quarterly basis to evaluate the performance of each segment and to determine how to allocate resources.
Three months ended June 30, 2026
(In millions)Flexible GenerationRenewables & Storage
Corporate (a)
Total
Operating revenues$86 $395 $— $481 
Cost of operations, exclusive of depreciation, amortization and accretion shown separately below29 120 — 149 
Depreciation, amortization and accretion28 168 — 196 
General and administrative— — 15 15 
Transaction and integration costs— — 5 5 
Operating income (loss)29 107 (20)116 
Equity in earnings of unconsolidated affiliates— 11 — 11 
Other income, net1 6 1 8 
Loss on debt extinguishment— (3)— (3)
Interest expense(8)(66)(31)(105)
Income (loss) before income taxes 22 55 (50)27 
Income tax benefit— — (3)(3)
Net Income (Loss)22 55 (47)30 
Less: Net (loss) income attributable to noncontrolling interests and redeemable noncontrolling interests— (198)106 (92)
Net Income (Loss) Attributable to Clearway Energy, Inc.$22 $253 $(153)$122 
Balance Sheet
Capital expenditures (b)
$1 $46 $— $47 
(a) Includes eliminations.
(b) Includes accruals.
Three months ended June 30, 2025 (as revised) (a)
(In millions)Flexible GenerationRenewables & Storage
Corporate (b)
Total
Operating revenues$50 $342 $— $392 
Cost of operations, exclusive of depreciation, amortization and accretion shown separately below24 107 — 131 
Depreciation, amortization and accretion28 135 — 163 
General and administrative— — 11 11 
Transaction and integration costs— — 2 2 
Operating (loss) income(2)100 (13)85 
Equity in earnings of unconsolidated affiliates— 7 — 7 
Other income, net1 6 1 8 
Interest expense(10)(50)(23)(83)
(Loss) income before income taxes (11)63 (35)17 
Income tax expense— — 5 5 
Net (Loss) Income(11)63 (40)12 
Less: Net (loss) income attributable to noncontrolling interests and redeemable noncontrolling interests— (45)27 (18)
Net (Loss) Income Attributable to Clearway Energy, Inc.$(11)$108 $(67)$30 
Balance Sheet
Capital expenditures (c)
$— $51 $— $51 
(a) The following table reconciles the revisions for the Renewables & Storage and Corporate segments:
Three months ended June 30, 2025
(In millions)As Previously ReportedAdjustmentsAs Revised
Renewables & Storage Segment:
Net loss attributable to noncontrolling interests$(50)$5 $(45)
Net income attributable to Clearway Energy, Inc.113 (5)108 
Corporate Segment:
Net income attributable to noncontrolling interests$29 $(2)$27 
Net loss attributable to Clearway Energy, Inc.(69)2 (67)
(b) Includes eliminations.
(c) Includes accruals.
Six months ended June 30, 2026
(In millions)Flexible Generation Renewables & Storage
Corporate (a)
Total
Operating revenues$147 $688 $— $835 
Cost of operations, exclusive of depreciation, amortization and accretion shown separately below59 224 — 283 
Depreciation, amortization and accretion56 321 1 378 
General and administrative— — 26 26 
Transaction and integration costs— — 12 12 
Operating income (loss)32 143 (39)136 
Equity in earnings of unconsolidated affiliates2 14 — 16 
Other income, net2 11 3 16 
Loss on debt extinguishment— (5)— (5)
Interest expense(16)(123)(67)(206)
Income (loss) before income taxes 20 40 (103)(43)
Income tax benefit— — (5)(5)
Net Income (Loss)20 40 (98)(38)
Less: Net (loss) income attributable to noncontrolling interests and redeemable noncontrolling interest— (150)153 3 
Net Income (Loss) Attributable to Clearway Energy, Inc.$20 $190 $(251)$(41)
Balance Sheet
Equity investments in affiliates$70 $305 $— $375 
Capital expenditures (b)
5 124 — 129 
Total Assets$1,770 $14,876 $126 $16,772 
(a) Includes eliminations.
(b) Includes accruals.
Six months ended June 30, 2025 (as revised) (a)
(In millions)Flexible GenerationRenewables & Storage
Corporate (b)
Total
Operating revenues$118 $572 $— $690 
Cost of operations, exclusive of depreciation, amortization and accretion shown separately below55 198 — 253 
Depreciation, amortization and accretion56 270 — 326 
General and administrative— — 21 21 
Transaction and integration costs— — 5 5 
Operating income (loss)7 104 (26)85 
Equity in earnings of unconsolidated affiliates— 12 — 12 
Other income, net2 11 2 15 
Loss on debt extinguishment— — — — 
Interest expense(18)(134)(47)(199)
Loss before income taxes (9)(7)(71)(87)
Income tax expense— — 5 5 
Net Loss(9)(7)(76)(92)
Less: Net (loss) income attributable to noncontrolling interests and redeemable noncontrolling interests— (144)25 (119)
Net (Loss) Income Attributable to Clearway Energy, Inc.$(9)$137 $(101)$27 
Balance Sheet
Equity investments in affiliates$73 $224 $— $297 
Capital expenditures (c)
2 87 — 89 
Total Assets$1,879 $14,083 $71 $16,033 
(a) The following table reconciles the revisions for the Renewables & Storage and Corporate segments:
Six months ended June 30, 2025
(In millions)As Previously ReportedAdjustmentsAs Revised
Renewables & Storage Segment:
Net loss attributable to noncontrolling interests$(161)$17 $(144)
Net income attributable to Clearway Energy, Inc.154 (17)137 
Corporate Segment:
Net income attributable to noncontrolling interests$32 $(7)$25 
Net loss attributable to Clearway Energy, Inc.(108)7 (101)
(b) Includes eliminations.
(c) Includes accruals.