Abstract

Clearway Energy Inc will report its quarterly results on February 23, 2026 Post Market; this preview compiles last quarter’s actuals, the latest consensus and company forecast for the current quarter, segment trends, and dominant analyst views from recent coverage.

Market Forecast

For the current quarter, Clearway Energy Inc’s forecast points to total revenue of $334.95 million, with year-over-year growth of 13.90%, EPS of -$0.18 with a year-over-year change of -383.77%, and EBIT of $7.47 million with year-over-year change of -85.23%. Forecasted gross margin, net margin, and adjusted EPS are not specified in the returned data. The main business outlook centers on Renewable Energy generation, which is expected to continue as the top contributor to revenue and cash flows under long-term contracts. The most promising segment is Renewable Energy, with last quarter revenue of $323.00 million and a segment share of 75.29%; year-over-year segment growth was not provided.

Last Quarter Review

Clearway Energy Inc’s previous quarter delivered revenue of $429.00 million, a gross profit margin of 70.16%, GAAP net profit attributable to the parent of $236.00 million, a net profit margin of 55.01%, and adjusted EPS of $2.00, with year-over-year revenue change of -11.73%, EBIT change of -37.08%, and adjusted EPS change of 545.16%. A notable highlight was the rebound in GAAP profitability alongside high gross margin, supported by contracted output and favorable resource conditions. Main business results showed Renewable Energy revenue of $323.00 million and New Generation revenue of $106.00 million; year-over-year segment growth was not provided.

Current Quarter Outlook

Renewable Energy: contracted cash flows, resource variability, and price stability

Renewable Energy remains the core engine of Clearway Energy Inc’s quarterly performance, given its dominant share of last quarter revenue at $323.00 million. The portfolio operates largely under long-term power purchase agreements, which support visibility of cash receipts and reduce exposure to merchant price swings. Within the quarter, production levels are sensitive to wind and solar resource conditions; any deviation from historical averages can shift realized output, and therefore reported revenue and margins, even under fixed-price PPAs due to volume variability. The company’s high last-quarter gross margin of 70.16% suggests continued operating leverage; however, forecast EBIT of $7.47 million and EPS of -$0.18 imply a normalization or timing effect in expense recognition, potentially including seasonal maintenance, network congestion or hedging settlements that weigh on operating earnings in early-year quarters. Investors should monitor curtailment trends and transmission constraints in key markets, as these can affect realized volumes without altering contract structures.

New Generation: integration, cost curve, and incremental contribution

The New Generation segment, with last quarter revenue of $106.00 million, provides incremental growth but remains smaller in contribution compared to Renewable Energy. As assets ramp into commercial operations, early-stage opex and ramp costs can suppress segment EBIT, while contracted offtake gradually lifts cash margins. In the quarter ahead, any commissioning milestones or plant outages could shift reported revenue and margin mix; given the forecast drop in EBIT and negative EPS, integration and timing of operating costs are likely factors. The segment’s contribution to cash available for distribution will depend on the pace of CODs, resource performance, and any ancillary services revenues. Close tracking of project roll-ins and any disclosed updates in the earnings release will help gauge the segment’s trajectory.

Stock price drivers this quarter: earnings quality, financing activity, and portfolio actions

Three themes appear most relevant for equity performance around this print. Earnings quality and seasonality: the sizable year-over-year decline implied in EBIT (-85.23%) and negative EPS can reflect seasonality, resource variance, and non-cash items; clarity from management on cash available for distribution and any timing effects will be important for market interpretation. Financing activity: Clearway Energy Operating’s proposed $500.00 million senior notes offering, subject to market conditions, signals active capital markets engagement; investor focus will be on pricing, maturity, and use of proceeds, including refinancing or funding growth, as leverage and interest cost directly affect distributable cash. Portfolio actions: while the announced agreement to acquire a 833MW(dc) operating solar portfolio from Deriva Energy is expected to close by the second quarter of 2026, updates on milestones, expected EBITDA contribution, and integration plans can influence sentiment, as accretive acquisitions expand contracted cash flows and diversify resource mix.

Analyst Opinions

Recent sell-side commentary has skewed positive. A notable example is Roth MKM, where analyst Justin Clare reaffirmed a Buy rating on Clearway Energy Inc with a $38.00 price target in early October 2025, citing supportive fundamentals and growth visibility. Considering the available coverage over the last six months, the balance of opinion is bullish, with constructive views centered on contracted revenue stability, pending portfolio additions, and an active financing path to underpin growth. The majority view expects the quarter’s softer EBIT and EPS to be transitory relative to the medium-term expansion of cash flows as new assets are integrated and financing terms are defined. In short, prevailing institutional perspectives emphasize resilience in the underlying business and the potential uplift from acquisitions slated for 2026.