v3.26.3
Segment Reporting
 9 Months Ended
Sep. 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 September 30, 2026
(In millions)Flexible GenerationRenewables & Storage
Corporate (a)
Total
Operating revenues$85 $437 $— $522 
Cost of operations, exclusive of depreciation, amortization and accretion shown separately below34 133 — 167 
Depreciation, amortization and accretion28 169 1 198 
General and administrative— — 13 13 
Transaction and integration costs— — 9 9 
Operating income (loss)23 135 (23)135 
Equity in earnings of unconsolidated affiliates1 28 — 29 
Other income, net— 11 1 12 
Interest expense(9)(7)(27)(43)
Income (loss) before income taxes 15 167 (49)133 
Income tax expense— — 10 10 
Net Income (Loss)15 167 (59)123 
Less: Net income attributable to noncontrolling interests and redeemable noncontrolling interests— 8 64 72 
Net Income (Loss) Attributable to Clearway Energy, Inc.$15 $159 $(123)$51 
Balance Sheet
Capital expenditures (b)
$2 $267 $— $269 
(a) Includes eliminations.
(b) Includes accruals.
Three months ended September 30, 2025 (as revised) (a)
(In millions)Flexible GenerationRenewables & Storage
Corporate (b)
Total
Operating revenues$106 $323 $— $429 
Cost of operations, exclusive of depreciation, amortization and accretion shown separately below31 97 — 128 
Depreciation, amortization and accretion28 148 — 176 
General and administrative— — 10 10 
Transaction and integration costs— — 3 3 
Operating income (loss)47 78 (13)112 
Equity in earnings of unconsolidated affiliates— 15 — 15 
Other income, net1 6 — 7 
Loss on debt extinguishment— (7)— (7)
Interest expense(9)(61)(28)(98)
Income (loss) before income taxes 39 31 (41)29 
Income tax benefit— — (31)(31)
Net Income (Loss)39 31 (10)60 
Less: Net (loss) income attributable to noncontrolling interests and redeemable noncontrolling interests— (316)144 (172)
Net Income (Loss) Attributable to Clearway Energy, Inc.$39 $347 $(154)$232 
Balance Sheet
Capital expenditures (c)
$2 $71 $— $73 
(a) The following table reconciles the revisions for the Renewables & Storage and Corporate segments:
Three months ended September 30, 2025
(In millions)As Previously ReportedAdjustmentsAs Revised
Renewables & Storage Segment:
Net loss attributable to noncontrolling interests$(322)$6 $(316)
Net income attributable to Clearway Energy, Inc.353 (6)347 
Corporate Segment:
Net income attributable to noncontrolling interests$146 $(2)$144 
Net loss attributable to Clearway Energy, Inc.(156)2 (154)
(b) Includes eliminations.
(c) Includes accruals.
Nine months ended September 30, 2026
(In millions)Flexible Generation Renewables & Storage
Corporate (a)
Total
Operating revenues$232 $1,125 $— $1,357 
Cost of operations, exclusive of depreciation, amortization and accretion shown separately below93 357 — 450 
Depreciation, amortization and accretion84 490 2 576 
General and administrative— — 39 39 
Transaction and integration costs— — 21 21 
Operating income (loss)55 278 (62)271 
Equity in earnings of unconsolidated affiliates3 42 — 45 
Other income, net2 22 4 28 
Loss on debt extinguishment— (5)— (5)
Interest expense(25)(130)(94)(249)
Income (loss) before income taxes 35 207 (152)90 
Income tax expense— — 5 5 
Net Income (Loss)35 207 (157)85 
Less: Net (loss) income attributable to noncontrolling interests and redeemable noncontrolling interests— (142)217 75 
Net Income (Loss) Attributable to Clearway Energy, Inc.$35 $349 $(374)$10 
Balance Sheet
Equity investments in affiliates$68 $323 $— $391 
Capital expenditures (b)
7 391 — 398 
Total Assets$1,743 $15,436 $194 $17,373 
(a) Includes eliminations.
(b) Includes accruals.
Nine months ended September 30, 2025 (as revised) (a)
(In millions)Flexible GenerationRenewables & Storage
Corporate (b)
Total
Operating revenues$224 $895 $— $1,119 
Cost of operations, exclusive of depreciation, amortization and accretion shown separately below86 295 — 381 
Depreciation, amortization and accretion84 418 — 502 
General and administrative— — 31 31 
Transaction and integration costs— — 8 8 
Operating income (loss)54 182 (39)197 
Equity in earnings of unconsolidated affiliates— 27 — 27 
Other income, net3 17 2 22 
Loss on debt extinguishment— (7)— (7)
Interest expense(27)(195)(75)(297)
Income (loss) before income taxes 30 24 (112)(58)
Income tax benefit— — (26)(26)
Net Income (Loss)30 24 (86)(32)
Less: Net (loss) income attributable to noncontrolling interests and redeemable noncontrolling interests— (460)169 (291)
Net Income (Loss) Attributable to Clearway Energy, Inc.$30 $484 $(255)$259 
Balance Sheet
Equity investments in affiliates$72 $229 $— $301 
Capital expenditures (c)
4 158 — 162 
Total Assets$1,859 $14,123 $84 $16,066 
(a) The following table reconciles the revisions for the Renewables & Storage and Corporate segments:
Nine months ended September 30, 2025
(In millions)As Previously ReportedAdjustmentsAs Revised
Renewables & Storage Segment:
Net loss attributable to noncontrolling interests$(483)$23 $(460)
Net income attributable to Clearway Energy, Inc.507 (23)484 
Corporate Segment:
Net income attributable to noncontrolling interests$178 $(9)$169 
Net loss attributable to Clearway Energy, Inc.(264)9 (255)
(b) Includes eliminations.
(c) Includes accruals.