v3.26.1
Segment Reporting (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Schedule of Segment Reporting
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)$25 
Net loss attributable to Clearway Energy, Inc.(108)7 (101)
(b) Includes eliminations.
(c) Includes accruals.
Schedule of Error Corrections and Prior Period Adjustments The following table reconciles the revisions for the Renewables & Storage and Corporate segments:
Three months ended June 30, 2025
(In millions)As Previously ReportedAdjustmentsAs Revised
Renewables & Storage Segment:
Net loss attributable to noncontrolling interests$(50)$5 $(45)
Net income attributable to Clearway Energy, Inc.113 (5)108 
Corporate Segment:
Net income attributable to noncontrolling interests$29 $(2)$27 
Net loss attributable to Clearway Energy, Inc.(69)2 (67)
(b) Includes eliminations.
(c) Includes accruals.
The following table reconciles the revisions for the Renewables & Storage and Corporate segments:
Six months ended June 30, 2025
(In millions)As Previously ReportedAdjustmentsAs Revised
Renewables & Storage Segment:
Net loss attributable to noncontrolling interests$(161)$17 $(144)
Net income attributable to Clearway Energy, Inc.154 (17)137 
Corporate Segment:
Net income attributable to noncontrolling interests$32 $(7)$25 
Net loss attributable to Clearway Energy, Inc.(108)7 (101)
(b) Includes eliminations.
(c) Includes accruals.
A summary of the corrections to the impacted financial statement line items is presented below:
Three months ended June 30, 2025
Six months ended June 30, 2025
(in millions, except per share amount)As Previously ReportedAdjustmentsAs RevisedAs Previously ReportedAdjustmentsAs Revised
(Unaudited)(Unaudited)
Consolidated Statement of Operations
Net loss attributable to noncontrolling interests and redeemable noncontrolling interests$(21)$3 $(18)$(129)$10 $(119)
Net income attributable to Clearway Energy, Inc.33 (3)30 37 (10)27 
Earnings per weighted average Class A and Class C common share - basic and diluted$0.28 $(0.03)$0.25 $0.31 $(0.08)$0.23 
Consolidated Statement of Comprehensive Income
Comprehensive loss attributable to noncontrolling interests$(30)$3 $(27)$(141)$10 $(131)
Comprehensive income attributable to Clearway Energy, Inc.$29 $(3)$26 $31 $(10)$21 
Consolidated Balance Sheet (As of June 30, 2025)
Redeemable noncontrolling interest in subsidiaries$38 $7 $45 
Retained earnings188 (10)178 
Noncontrolling interest3,693 3 3,696 
Total Stockholders’ Equity $5,542 $(7)$5,535 
Consolidated Statements of Stockholders’ Equity
Retained Earnings:
Net income$33 $(3)$30 
Retained Earnings at June 30, 2025
$188 $(10)$178 
Noncontrolling Interest:
Net loss$(8)$(4)$(12)
Noncontrolling Interest at June 30, 2025
$3,693 $3 $3,696