Brookfield Renewable Partners (NYSE:BEP) Releases Earnings Results, Misses Expectations By $0.11 EPS
Brookfield Renewable said FFO rose 15% to $346 million as it closed Boralex and added Aypa, while reporting a $314 million net loss.
- Brookfield Renewable Partners reported third-quarter Funds From Operations of $346 million, or $0.51 per unit, up 15% year-over-year, driven by strong fleet performance and development growth.
- Strategic acquisitions of Boralex for $1.9 billion and Aypa for $3 billion, combined with capital recycling generating approximately $2.8 billion in proceeds, fueled growth during the quarter.
- Hydroelectric, wind, and solar segments generated combined Funds From Operations of $457 million, while the company ended the quarter with over $5 billion in liquidity after completing $10 billion in financings.
- Following 99.7% investor approval, Brookfield Renewable expects to declare a quarterly dividend of $0.392 per share, payable on December 31, 2026, as it seeks remaining votes for corporate simplification completion.
- The company delivered 2,500 megawatts of new capacity during the quarter and secured a strategic position in the U.S. government's $120 billion nuclear framework agreement with the Republic of Korea and Westinghouse.
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Brookfield Renewable Partners (NYSE:BEP) Releases Earnings Results, Misses Expectations By $0.11 EPS
Brookfield Renewable Partners (NYSE:BEP - Get Free Report) (TSE:BEP) posted its quarterly earnings results on Wednesday. The utilities provider reported ($0.52) EPS for the quarter, missing the consensus estimate of ($0.41) by ($0.11). Brookfield Renewable Partners had a return on equity of 0.84% and a net margin of 4.50%.
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Brookfield Renewable Reports Strong Third Quarter Results
All amounts in U.S. dollars unless otherwise indicated
Brookfield Renewable (TSE:BEPC) Posts Quarterly Earnings Results
Brookfield Renewable (TSE:BEPC – Get Free Report) issued its quarterly earnings data on Wednesday. The company reported C($1.58) earnings per share (EPS) for the quarter, reports. The business had revenue of C$1.70 billion during the quarter. Brookfield Renewable had a negative net margin of 110.51% and a positive return on equity of 257.80%. Brookfield Renewable […]
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