Clearway Energy Inc-C 2026年季度报告

FORM 10-Q ☒Quarterly report pursuant to Section13 or 15(d) of the Securities Exchange Act of 1934For the quarterly period ended March31, 2026☐Transition report pursuant to Section13 or 15(d) of the Securities Exchange Act of 1934 Commission File Number: 001-36002 Clearway Energy, Inc.(Exact name of registrant as specified in its charter) Delaware (State or other jurisdictionof incorporation or organization) (Address of principal executive offices) (609)608-1525(Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Title of each classTrading Symbol(s)Name of each exchange on which registeredClass C Common Stock, par value $0.01CWENNew York Stock Exchange Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the Securities Exchange Actof 1934 during the preceding 12months (or for such shorter period that the registrant was required to file such reports), and (2)has been subject tosuch filing requirements for the past 90days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant toRule405 of RegulationS-T (§232.405 of this chapter) during the preceding 12months (or for such shorter period that the registrant was required tosubmit such files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting companyor an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and "emerginggrowth company" in Rule12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying withany new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act). As of May1, 2026, there were 42,738,750 shares of Class B common stock outstanding, par value $0.01 per share, 121,168,025 shares of ClassC common stock outstanding, par value $0.01 per share, and 41,361,142 shares of Class D common stock outstanding, par value $0.01 per share. TABLE OF CONTENTSIndexCAUTIONARY STATEMENT REGARDING FORWARD LOOKING INFORMATIONGLOSSARY OF TERMSPART I — FINANCIAL INFORMATIONITEM 1 — FINANCIAL STATEMENTS AND NOTESITEM 2 — MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTSOF OPERATIONSITEM 3 — QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISKITEM 4 — CONTROLS AND PROCEDURESPART II — OTHER INFORMATIONITEM 1 — LEGAL PROCEEDINGSITEM 1A — RISK FACTORSITEM 2 — UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDSITEM 3 — DEFAULTS UPON SENIOR SECURITIESITEM 4 — MINE SAFETY DISCLOSURESITEM 5 — OTHER INFORMATIONITEM 6 — EXHIBITSSIGNATURES CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION This Quarterly Report on Form10-Q of Clearway Energy, Inc., together with its consolidated subsidiaries, or the Company,includes forward-looking statements within the meaning of Section27A of the Securities Act of 1933, as amended, or the SecuritiesAct, and Section21E of the Securities Exchange Act of 1934, as amended, or the Exchange Act. The words “believes,” “projects,”“anticipates,” “plans,” “expects,” “intends,” “estimates” and similar expressions are intended to identify forward-looking statements.These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company’sactual results, performance and achievements, or industry results, to be materially different from any future results, performance orachievements expressed or implied by such forward-looking statements. These factors, risks and uncertainties include the factorsdescribed under Item1A—Risk Factorsin Part I of the Company’s Annual Report on Form 10-K for the year ended December31,2025, as well as the following: •The Company’s ability to maintain and grow its quarterly dividend;•Potential risks related to the Company's relationships with CEG and its owners;•The Company’s ability to successfully identify, evaluate and consummate investment opportunities, as well as acquisitionsfrom, and dispositions to, third parties;•The Company’s ability to acquire assets from CEG;•The Company’s ability to borrow additional funds and access capital markets, as well as the Company’s substantialindebtedness and the possibility that the Company may incur additional indebtedness going forward;•Changes in law, including judicial decisions;•Hazards customary to the power production industry and power generation operations such as fuel and electricity pricevolatility, unusual weather conditions (including wind and solar conditions), catastrophic weather-related or other damage tofacilities, unschedul