Earnings (Loss) Per Share

6 Months Ended

Jun. 30, 2026

Basic earnings (loss) per common share is computed by dividing net income (loss) by the weighted average number of common shares outstanding. Shares issued during the year are weighted for the portion of the year that they were outstanding. Diluted earnings (loss) per share is computed in a manner consistent with that of basic earnings (loss) per share while giving effect to all potentially dilutive common shares that were outstanding during the period.

The reconciliation of the Company’s basic and diluted earnings (loss) per share is presented in the following tables, including revisions to previously reported amounts:


	Three months ended June 30, 2026				Six months ended June 30, 2026
(In millions, except per share data) (a)	Common Class A (b)		Common Class C		Common Class A (b)		Common Class C
Basic and diluted earnings (loss) per share attributable to Clearway Energy, Inc. common stockholders
Net income (loss) attributable to Clearway Energy, Inc.	$	11	$	111	$	(8)	$	(33)
Weighted average number of common shares outstanding — basic and diluted	11		110		23		98
Earnings (loss) per weighted average common share — basic and diluted	$	1.00	$	1.00	$	(0.34)	$	(0.34)

(a) Net income (loss) attributable to Clearway Energy, Inc. and basic and diluted earnings (loss) per share might not recalculate due to presenting amounts in millions rather than whole dollars.

(b) As of May 1, 2026, each share of the Company’s Class A common stock converted into one share of Class C common stock, as further described in Note 9, Changes in Capital Structure.


	Three months ended June 30, 2025
	As Previously Reported				Adjustments				As Revised
(In millions, except per share data) (a)	Common Class A		Common Class C		Common Class A		Common Class C		Common Class A		Common Class C
Basic and diluted earnings per share attributable to Clearway Energy, Inc. common stockholders
Net income attributable to Clearway Energy, Inc.	$	10	$	23	$	(1)	$	(2)	$	9	$	21
Weighted average number of common shares outstanding — basic and diluted	35		83		—		—		35		83
Earnings per weighted average common share — basic and diluted	$	0.28	$	0.28	$	(0.03)	$	(0.03)	$	0.25	$	0.25

(a) Net income attributable to Clearway Energy, Inc. and basic and diluted earnings per share might not recalculate due to presenting amounts in millions rather than whole dollars.


	Six months ended June 30, 2025
	As Previously Reported				Adjustments				As Revised
(In millions, except per share data) (a)	Common Class A		Common Class C		Common Class A		Common Class C		Common Class A		Common Class C
Basic and diluted earnings per share attributable to Clearway Energy, Inc. common stockholders
Net income attributable to Clearway Energy, Inc.	$	11	$	26	$	(3)	$	(7)	$	8	$	19
Weighted average number of common shares outstanding — basic and diluted	35		83		—		—		35		83
Earnings per weighted average common share — basic and diluted	$	0.31	$	0.31	$	(0.08)	$	(0.08)	$	0.23	$	0.23

(a) Net income attributable to Clearway Energy, Inc. and basic and diluted earnings per share might not recalculate due to presenting amounts in millions rather than whole dollars.