XML 28 R17.htm IDEA: XBRL DOCUMENT v3.25.3
Segment Reporting
 9 Months Ended
Sep. 30, 2025
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, 2025
(In millions)Flexible GenerationRenewables & Storage
Corporate (a)
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 taxes39 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— (322)146 (176)
Net Income (Loss) Attributable to Clearway Energy, Inc.$39 $353 $(156)$236 
Balance Sheet
Equity investments in affiliates$72 $229 $— $301 
Capital expenditures (b)
2 71 — 73 
Total Assets$1,859 $14,123 $84 $16,066 
(a) Includes eliminations.
(b) Includes accruals.
Three months ended September 30, 2024
(In millions)Flexible GenerationRenewables & Storage
Corporate (a)
Total
Operating revenues$102 $384 $— $486 
Cost of operations, exclusive of depreciation, amortization and accretion shown separately below41 95 (1)135 
Depreciation, amortization and accretion29 135 — 164 
General and administrative— — 9 9 
Operating income (loss)32 154 (8)178 
Equity in earnings of unconsolidated affiliates1 12 — 13 
Other income, net1 6 1 8 
Interest expense(9)(106)(24)(139)
Income (loss) before income taxes 25 66 (31)60 
Income tax expense— — 33 33 
Net Income (Loss)25 66 (64)27 
Less: Net (loss) income attributable to noncontrolling interests and redeemable noncontrolling interests— (58)49 (9)
Net Income (Loss) Attributable to Clearway Energy, Inc.$25 $124 $(113)$36 
Balance Sheet
Equity investments in affiliates$75 $247 $— $322 
Capital expenditures (b)
1 24 — 25 
(a) Includes eliminations.
(b) Includes accruals.
Nine months ended September 30, 2025
(In millions)Flexible Generation Renewables & Storage
Corporate (a)
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— (483)178 (305)
Net Income (Loss) Attributable to Clearway Energy, Inc.$30 $507 $(264)$273 
Balance Sheet
Capital expenditures (b)
$4 $158 $— $162 
(a) Includes eliminations.
(b) Includes accruals.
Nine months ended September 30, 2024
(In millions)Flexible GenerationRenewables & Storage
Corporate (a)
Total
Operating revenues$266 $849 $— $1,115 
Cost of operations, exclusive of depreciation, amortization and accretion shown separately below109 271 (2)378 
Depreciation, amortization and accretion88 383 — 471 
General and administrative— — 29 29 
Transaction and integration costs— — 4 4 
Operating income (loss)69 195 (31)233 
Equity in earnings of unconsolidated affiliates2 31 — 33 
Other income, net4 23 9 36 
Loss on debt extinguishment— (3)— (3)
Interest expense(25)(186)(73)(284)
Income (loss) before income taxes 50 60 (95)15 
Income tax expense— — 30 30 
Net Income (Loss)50 60 (125)(15)
Less: Net (loss) income attributable to noncontrolling interests and redeemable noncontrolling interests— (183)83 (100)
Net Income (Loss) Attributable to Clearway Energy, Inc.$50 $243 $(208)$85 
Balance Sheet
Capital expenditures (b)
$7 $129 $— $136 
(a) Includes eliminations.
(b) Includes accruals