Clearway Energy, Inc. CWEN

Utilities SIC 4911 - Electric Services NAICS Utilities › Electric Power Generation, Transmission and Distribution derived NYSE

Clearway Energy, Inc., together with its consolidated subsidiaries, or the Company, is a publicly-traded energy infrastructure investor with a focus on investments in clean energy and owner of modern, sustainable and long-term contracted assets across North America. The Company was formed as a Delaware corporation on December 20, 2012. The Company is sponsored by Clearway Energy Group LLC, or CEG.

The Company is one of the largest owners of clean energy generation assets in the U.S. The Company's portfolio comprises approximately 12.9 GW of gross capacity in 27 states, including approximately 10.1 GW of wind, solar and battery energy storage systems, or BESS, and approximately 2.8 GW of dispatchable combustion-based power generation assets included in the Flexible Generation segment that provide critical grid reliability services. In 2025, 98% of the Company's total generation was attributable to renewable energy and storage assets. Through this environmentally-sound, diversified and primarily contracted portfolio, the Company endeavors to provide its investors with stable and growing dividend income. The majority of the Company's revenues are derived from long-term contractual arrangements for the output or capacity from these assets. The weighted average remaining contract duration of the Company's Renewables & Storage segment offtake agreements was approximately 12 years as of December 31, 2025 based on CAFD. A complete listing of the Company's interests in operating facilities as of December 31, 2025 can be found in Item 2 — Properties.

Last close 31.11 2026-10-23
Market cap —
52-week range 28.57 - 41.74

Valuation FY2025 figures against the last close

P/S—
P/E—
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS—

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $1.43B$1.37B$1.31B$1.19B$1.29B$1.20B$1.03B$1.05B$1.01B$1.03B
Cost of revenue $530.0M$501.0M$473.0M$435.0M$451.0M$366.0M$337.0M$327.0M$326.0M$308.0M
Gross profit $899.0M$870.0M$841.0M$755.0M$835.0M$833.0M$695.0M$726.0M$683.0M$727.0M
SG&A $41.0M$39.0M$36.0M$40.0M$40.0M$34.0M$29.0M$20.0M$19.0M$16.0M
Total operating expenses $1.27B$1.18B$1.05B$1.01B$1.02B$866.0M$808.0M$706.0M$726.0M$813.0M
Operating income $160.0M$196.0M$263.0M$1.47B$267.0M$333.0M$224.0M$347.0M$283.0M$222.0M
Interest expense $387.0M$307.0M$337.0M$232.0M$312.0M$415.0M$404.0M$306.0M$307.0M$284.0M
Pre-tax income -$175.0M-$33.0M-$16.0M$1.28B-$63.0M-$54.0M-$104.0M$116.0M$48.0M$1.0M
Income tax $56.0M$30.0M$2.0M$222.0M$12.0M$8.0M$8.0M$62.0M$72.0M$1.0M
Net income $169.0M$88.0M$79.0M$8.0M$51.0M$25.0M-$11.0M$48.0M-$16.0M$2.0M
EPS, basic —0.750.674.990.440.22————
EPS, diluted —0.750.674.990.440.22-0.100.46——
Shares, diluted (wtd. avg.) 35.0M35.0M35.0M35.0M35.0M35.0M————

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $231.0M$332.0M$1.05B$996.0M$654.0M$465.0M$417.0M$583.0M$316.0M$498.0M
Receivables ———$153.0M$144.0M$143.0M$116.0M$104.0M$95.0M$95.0M
Inventory $75.0M$64.0M$55.0M$47.0M$37.0M$42.0M$40.0M$40.0M$39.0M$39.0M
Total current assets $1.15B$1.07B$1.56B$1.28B$1.53B$708.0M$608.0M$756.0M$482.0M$670.0M
Property, plant and equipment $11.60B$9.94B$9.53B$7.42B$7.65B$7.22B$6.06B$5.25B$5.41B$5.55B
Other intangibles $2.36B$2.19B$2.37B$2.56B$2.50B$1.37B$1.43B$1.16B$1.23B$1.30B
Total assets $16.66B$14.33B$14.70B$12.31B$12.81B$10.59B$9.70B$8.50B$8.49B$8.96B
Accounts payable ——$130.0M$55.0M$74.0M$72.0M$74.0M$45.0M$46.0M$23.0M
Short-term debt $708.0M$430.0M$558.0M$322.0M$772.0M$384.0M$1.82B$535.0M——
Total current liabilities $1.02B$718.0M$906.0M$617.0M$1.63B$634.0M$2.06B$704.0M$540.0M$505.0M
Long-term debt $7.90B$6.75B$7.48B$6.49B$6.94B$6.58B$4.96B$5.45B$5.66B$5.73B
Total liabilities $10.74B$8.77B$9.71B$8.28B$9.51B$7.88B$7.44B$6.28B$6.33B$6.36B
Retained earnings $178.0M$254.0M$361.0M$463.0M-$33.0M-$84.0M-$72.0M-$58.0M-$69.0M-$2.0M
Total equity $5.54B$5.56B$4.99B$4.03B$3.30B$2.71B$2.26B$2.22B$2.16B$2.62B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $688.0M$770.0M$702.0M$787.0M$701.0M$545.0M$477.0M$498.0M$517.0M$577.0M
Depreciation and amortisation $682.0M$627.0M$526.0M$512.0M$509.0M$428.0M$401.0M$336.0M$334.0M$303.0M
Stock-based compensation ————————$2.0M$1.0M
Capital expenditure $319.0M$287.0M$212.0M$112.0M$151.0M$124.0M$228.0M$83.0M$190.0M$20.0M
Investing cash flow -$803.0M-$725.0M-$523.0M$1.06B-$865.0M-$62.0M-$468.0M-$185.0M-$442.0M-$131.0M
Financing cash flow $200.0M-$363.0M-$124.0M-$1.51B$367.0M-$435.0M-$175.0M-$46.0M-$257.0M-$202.0M
Dividends paid ———————$238.0M$202.0M$173.0M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-010952.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -500M 0 500M 1B 1.5B Revenue, FY2016: 1B Gross profit, FY2016: 727M Net income, FY2016: 2M Revenue, FY2017: 1B Gross profit, FY2017: 683M Net income, FY2017: -16M Revenue, FY2018: 1.1B Gross profit, FY2018: 726M Net income, FY2018: 48M Revenue, FY2019: 1B Gross profit, FY2019: 695M Net income, FY2019: -11M Revenue, FY2020: 1.2B Gross profit, FY2020: 833M Net income, FY2020: 25M Revenue, FY2021: 1.3B Gross profit, FY2021: 835M Net income, FY2021: 51M Revenue, FY2022: 1.2B Gross profit, FY2022: 755M Net income, FY2022: 8M Revenue, FY2023: 1.3B Gross profit, FY2023: 841M Net income, FY2023: 79M Revenue, FY2024: 1.4B Gross profit, FY2024: 870M Net income, FY2024: 88M Revenue, FY2025: 1.4B Gross profit, FY2025: 899M Net income, FY2025: 169M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $1.03B $1.01B $1.05B $1.03B $1.20B $1.29B $1.19B $1.31B $1.37B $1.43B
Gross profit $727.0M $683.0M $726.0M $695.0M $833.0M $835.0M $755.0M $841.0M $870.0M $899.0M
Net income $2.0M -$16.0M $48.0M -$11.0M $25.0M $51.0M $8.0M $79.0M $88.0M $169.0M

Recent filings and events

  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Results announced Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Results announced Item 2.02
  • Material agreement signed Item 1.01
  • Shareholder rights changed The terms attaching to the shares themselves have changed. Item 3.03
  • Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Regulation FD disclosure Item 7.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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