Clearway Energy (CWEN) Operating Expenses (2012 - 2026)
Clearway Energy posted quarterly Operating Expenses of $334.0 million for Q1 2026, up 12.08% year-on-year from $298.0 million in Q1 2025, and down 3.75% on a QoQ basis from $347.0 million in Q4 2025.
Clearway Energy (CWEN) has 15 years of Operating Expenses data on file, last reported at $334.0 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 12.08% year-over-year to $334.0 million; the trailing twelve-month figure through Mar 2026 stood at $1.3 billion (up 10.5% YoY), and the FY2025 full-year result was $1.3 billion, up 8.0% from the prior year.
- Operating Expenses for Q1 2026 stood at $334.0 million, down from $347.0 million in the prior quarter.
- Across five years, Operating Expenses topped out at $347.0 million in Q4 2025 and bottomed at $235.0 million in Q3 2022.
- The 5-year median for Operating Expenses is $282.0 million (2024), against an average of $284.8 million.
- The widest annual swing landed in 2022, when Operating Expenses declined 10.31%; it then gained 18.7% in 2024.
- A 5-year view of Operating Expenses shows it stood at $257.0 million in 2022, then climbed by 5.45% to $271.0 million in 2023, then climbed by 8.12% to $293.0 million in 2024, then gained by 18.43% to $347.0 million in 2025, then fell by 3.75% to $334.0 million in 2026.
- The last three Operating Expenses figures came in at $334.0 million (Q1 2026), $347.0 million (Q4 2025), and $317.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | AXIA Energia | 193.97 Bn | 191.26 Bn | 1.44 Bn | -424.56 Mn |
| 2 | Enlight Renewable Energy | 13.10 Bn | 12.57 Bn | 85.64 Mn | -101.11 Mn |
| 3 | Ormat Technologies | 8.30 Bn | 8.16 Bn | 78.83 Mn | 22.76 Mn |
| 4 | Fluence Energy | 3.60 Bn | 3.28 Bn | 46.63 Mn | 58.30 Mn |
| 5 | Clearway Energy | 1.42 Bn | 4.77 Bn | 220.00 Mn | 334.00 Mn |
| 6 | XPLR Infrastructure | 1.16 Bn | 8.69 Bn | 141.00 Mn | 292.00 Mn |
| 7 | Energy Vault Holdings | 916.05 Mn | 870.62 Mn | 4.79 Mn | 28.99 Mn |
| 8 | Ellomay Capital | 782.29 Mn | 671.00 Mn | 1.49 Mn | -5,926.00 |
| 9 | ReNew Energy Global | 342.92 Mn | 58.95 Mn | 269.00 Mn | 408.00 Mn |
| 10 | Nextnrg | 90.54 Mn | 87.86 Mn | 1.71 Mn | 11.81 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 334.00 Mn |
| Dec 31, 2025 | 347.00 Mn |
| Sep 30, 2025 | 317.00 Mn |
| Jun 30, 2025 | 307.00 Mn |
| Mar 31, 2025 | 298.00 Mn |
| Dec 31, 2024 | 293.00 Mn |
| Sep 30, 2024 | 308.00 Mn |
| Jun 30, 2024 | 282.00 Mn |
| Mar 31, 2024 | 292.00 Mn |
| Dec 31, 2023 | 271.00 Mn |
| Sep 30, 2023 | 277.00 Mn |
| Jun 30, 2023 | 257.00 Mn |
| Mar 31, 2023 | 246.00 Mn |
| Dec 31, 2022 | 257.00 Mn |
| Sep 30, 2022 | 235.00 Mn |
| Jun 30, 2022 | 253.00 Mn |
| Mar 31, 2022 | 267.00 Mn |
| Dec 31, 2021 | 259.00 Mn |
| Sep 30, 2021 | 262.00 Mn |
| Jun 30, 2021 | 247.00 Mn |
| Mar 31, 2021 | 251.00 Mn |
| Dec 31, 2020 | 252.00 Mn |
| Sep 30, 2020 | 209.00 Mn |
| Jun 30, 2020 | 199.00 Mn |
| Mar 31, 2020 | 206.00 Mn |
| Dec 31, 2019 | 229.00 Mn |
| Sep 30, 2019 | 206.00 Mn |
| Jun 30, 2019 | 197.00 Mn |
| Mar 31, 2019 | 176.00 Mn |
| Dec 31, 2018 | 175.00 Mn |
| Sep 30, 2018 | 192.00 Mn |
| Jun 30, 2018 | 163.00 Mn |
| Mar 31, 2018 | 176.00 Mn |
| Dec 31, 2017 | 211.00 Mn |
| Sep 30, 2017 | 185.00 Mn |
| Jun 30, 2017 | 163.00 Mn |
| Mar 31, 2017 | 167.00 Mn |
| Dec 31, 2016 | 341.00 Mn |
| Jun 30, 2016 | 155.00 Mn |
| Mar 31, 2016 | 162.00 Mn |
| Dec 31, 2015 | 163.00 Mn |
| Sep 30, 2015 | 155.00 Mn |
| Jun 30, 2015 | 149.00 Mn |
| Mar 31, 2015 | 154.00 Mn |
| Dec 31, 2014 | 228.00 Mn |
| Sep 30, 2014 | 99.00 Mn |
| Jun 30, 2014 | 109.00 Mn |
| Mar 31, 2014 | 86.00 Mn |
| Dec 31, 2013 | 81.00 Mn |
| Sep 30, 2013 | 63.00 Mn |
| Jun 30, 2013 | 44.00 Mn |
| Mar 31, 2013 | 41.00 Mn |
| Dec 31, 2012 | 41.00 Mn |
| Sep 30, 2012 | 36.00 Mn |
| Jun 30, 2012 | 34.00 Mn |