Clearway Energy (CWEN) Operating Expenses (2012 - 2026)
Clearway Energy's (CWEN) quarterly Operating Expenses came in at $334.0 million in Q1 2026, up 12.08% YoY 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) Operating Expenses (2012 - 2026) Analysis & Trends
Clearway Energy (CWEN) has 15 years of Operating Expenses data on file, last reported at $334.0 million in Q1 2026.
- Quarterly Operating Expenses rose 12.08% year-over-year to $334.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $1.3 billion (up 10.5% YoY) and the FY2025 annual result came in at $1.3 billion, up 8.0% from the prior year.
- Operating Expenses eased to $334.0 million in Q1 2026, from $347.0 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $347.0 million in Q4 2025 to a low of $235.0 million in Q3 2022.
- A 5-year average of $284.8 million and a median of $282.0 million in 2024 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2022 — Operating Expenses declined 10.31% — and 2024, when it gained 18.7%.
- Tracing CWEN's Operating Expenses over 5 years: stood at $257.0 million in 2022, then advanced by 5.45% to $271.0 million in 2023, then advanced by 8.12% to $293.0 million in 2024, then rose by 18.43% to $347.0 million in 2025, then declined 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Enlight Renewable Energy | 12.08 Bn | 10.92 Bn | 117.49 Mn | 118.69 Mn |
| 2 | Ormat Technologies | 7.16 Bn | 6.50 Bn | 68.70 Mn | 27.07 Mn |
| 3 | Brookfield Renewable Partners | 4.70 Bn | 2.20 Bn | 623.00 Mn | 783.00 Mn |
| 4 | Clearway Energy | 3.83 Bn | 3.49 Bn | 332.00 Mn | 365.00 Mn |
| 5 | ReNew Energy Global | 2.48 Bn | 2.06 Bn | 269.00 Mn | 408.00 Mn |
| 6 | Fluence Energy | 1.84 Bn | 1.28 Bn | 33.24 Mn | 63.04 Mn |
| 7 | XPLR Infrastructure | 1.08 Bn | 579.73 Mn | - | 304.00 Mn |
| 8 | Energy Vault Holdings | 707.23 Mn | 638.48 Mn | 4.79 Mn | 28.99 Mn |
| 9 | AXIA Energia | 672.29 Mn | -1.91 Bn | 1.44 Bn | -424.56 Mn |
| 10 | Eco Wave Power Global AB (publ) | 335.24 Mn | 335.24 Mn | - | -682,000.00 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 365.00 Mn |
| 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 |