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— — 14 14 
Transaction and integration costs— — 5 5 
Operating income (loss)29 107 (19)117 
Equity in earnings of unconsolidated affiliates— 11 — 11 
Other income, net1 6 1 8 
Loss on debt extinguishment— (3)— (3)
Interest expense(8)(65)(32)(105)
Net Income (Loss)22 56 (50)28 
Less: Net loss attributable to noncontrolling interests and redeemable noncontrolling interests— (229)— (229)
Net Income (Loss) Attributable to Clearway Energy LLC$22 $285 $(50)$257 
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 $— $392 
Cost of operations, exclusive of depreciation, amortization and accretion shown separately below24 106 — 130 
Depreciation, amortization and accretion28 135 — 163 
General and administrative— — 10 10 
Transaction and integration costs— — 2 2 
Operating (loss) income(2)101 (12)87 
Equity in earnings of unconsolidated affiliates— 7 — 7 
Other income, net1 6 1 8 
Interest expense(10)(50)(23)(83)
Net (Loss) Income(11)64 (34)19 
Less: Net loss attributable to noncontrolling interests and redeemable noncontrolling interests— (45)— (45)
Net (Loss) Income Attributable to Clearway Energy LLC$(11)$109 $(34)$64 
Balance Sheet
Capital expenditures (c)
$— $51 $— $51 
(a) The following amounts were revised for the Renewables & Storage and Corporate segments:
Three months ended June 30, 2025
(In millions)As Previously ReportedAdjustmentsAs Revised
Renewables & Storage Segment:
Net loss attributable to noncontrolling interests$(50)$5 $(45)
Net income attributable to Clearway Energy LLC114 (5)109 
(b) Includes eliminations.
(c) Includes accruals.
Six months ended June 30, 2026
(In millions)Flexible GenerationRenewables & 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 — 377 
General and administrative— — 25 25 
Transaction and integration costs— — 12 12 
Operating income (loss)32 143 (37)138 
Equity in earnings of unconsolidated affiliates2 14 — 16 
Other income, net2 11 3 16 
Loss on debt extinguishment— (5)— (5)
Interest expense(16)(122)(68)(206)
Net Income (Loss)20 41 (102)(41)
Less: Net loss attributable to noncontrolling interests and redeemable noncontrolling interests— (413)— (413)
Net Income (Loss) Attributable to Clearway Energy LLC$20 $454 $(102)$372 
Balance Sheet
Equity investments in affiliates$70 $305 $— $375 
Capital expenditures (b)
5 124 — 129 
Total Assets$1,770 $14,876 $86 $16,732 
(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 $— $690 
Cost of operations, exclusive of depreciation, amortization and accretion shown separately below55 197 — 252 
Depreciation, amortization and accretion56 270 — 326 
General and administrative— — 20 20 
Transaction and integration costs— — 5 5 
Operating income (loss)7 105 (25)87 
Equity in earnings of unconsolidated affiliates— 12 — 12 
Other income, net2 11 2 15 
Interest expense(18)(134)(47)(199)
Net Loss(9)(6)(70)(85)
Less: Net loss attributable to noncontrolling interests— (144)— (144)
Net (Loss) Income Attributable to Clearway Energy LLC$(9)$138 $(70)$59 
Balance Sheet
Equity investments in affiliates$73 $224 $— $297 
Capital expenditures (c)
2 87 — 89 
Total Assets$1,879 $14,083 $64 $16,026 
(a) The following amounts were revised for the Renewables & Storage segment:
Six months ended June 30, 2025
(In millions)As Previously ReportedAdjustmentsAs Revised
Renewables & Storage Segment:
Net loss attributable to noncontrolling interests$(161)$17 $(144)
Net income attributable to Clearway Energy LLC155 (17)138 
(b) Includes eliminations.
(c) Includes accruals.