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v3.26.1

Segment Reporting (Tables) | 6 Months Ended
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Jun. 30, 2026
Segment Reporting [Abstract] |
Schedule of Segment Reporting |
| Three months ended June 30, 2026
(In millions) | Flexible Generation |  | Renewables & Storage |  | Corporate (a) |  | Total
Operating revenues | $ | 86 |  |  | $ | 395 |  |  | $ | — |  |  | $ | 481 |
Cost of operations, exclusive of depreciation, amortization and accretion shown separately below | 29 |  |  | 120 |  |  | — |  |  | 149 |
Depreciation, amortization and accretion | 28 |  |  | 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, net | 1 |  |  | 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 Generation |  | Renewables & Storage |  | Corporate (b) |  | Total
Operating revenues | $ | 50 |  |  | $ | 342 |  |  | $ | — |  |  | $ | 392 |
Cost of operations, exclusive of depreciation, amortization and accretion shown separately below | 24 |  |  | 107 |  |  | — |  |  | 131 |
Depreciation, amortization and accretion | 28 |  |  | 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, net | 1 |  |  | 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 Reported |  | Adjustments |  | As 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 below | 59 |  |  | 224 |  |  | — |  |  | 283 |
Depreciation, amortization and accretion | 56 |  |  | 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 affiliates | 2 |  |  | 14 |  |  | — |  |  | 16 |
Other income, net | 2 |  |  | 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 Generation |  | Renewables & Storage |  | Corporate (b) |  | Total
Operating revenues | $ | 118 |  |  | $ | 572 |  |  | $ | — |  |  | $ | 690 |
Cost of operations, exclusive of depreciation, amortization and accretion shown separately below | 55 |  |  | 198 |  |  | — |  |  | 253 |
Depreciation, amortization and accretion | 56 |  |  | 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, net | 2 |  |  | 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 Reported |  | Adjustments |  | As 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 Reported |  | Adjustments |  | As 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 Reported |  | Adjustments |  | As 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 Reported | Adjustments | As Revised |  | As Previously Reported | Adjustments | As 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 earnings |  | 188 |  | (10) |  | 178 |  |  |  |  |
Noncontrolling interest |  | 3,693 |  | 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 |  |  |  |  |

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