Brookfield Renewable Partners LP

BEP.UN

Equity

ISIN BMG162581083 / Valor 14370076

Toronto Stock Exchange (2024-12-24)

CAD 33.53+1.12%

Brookfield Renewable Partners LP
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About company

Brookfield Renewable Partners LP operates as one of the world's largest publicly traded platforms for renewable power and decarbonization solutions. The company's diversified portfolio includes hydroelectric, wind, solar, distributed energy, and sustainable solutions across five continents. Investors can access this portfolio through either Brookfield Renewable Partners LP (NYSE: BEP; TSX: BEP.UN) or Brookfield Renewable Corporation (NYSE, TSX: BEPC). BEPC was established to offer investors greater flexibility in accessing BEP's globally diversified portfolio of high-quality renewable power assets. Each BEPC Class A share is structured to provide an economic return equivalent to BEP units and is exchangeable for one BEP unit at the shareholder's option.

Summarized from source with an LLMView SourceSector: Energy

Revenue Growth

In the third quarter of 2024, Brookfield Renewable Partners LP reported total revenues of $804 million, marking a significant increase from $623 million in the same quarter of 2023. This growth was driven by higher generation across various segments, including wind and utility-scale solar.

Adjusted EBITDA

Brookfield Renewable Partners LP achieved an adjusted EBITDA of $586 million for Q3 2024, up from $507 million in Q3 2023. The increase reflects improved operational performance and contributions from new assets.

Funds from Operations

For the third quarter of 2024, Brookfield Renewable Partners LP reported funds from operations (FFO) of $278 million, compared to $253 million in the same period of the previous year. This improvement was supported by strong performance in the utility-scale solar and distributed energy segments.

Net Income

Brookfield Renewable Partners LP recorded a net loss of $39 million in Q3 2024, compared to a net income of $24 million in Q3 2023. The loss was primarily due to higher interest expenses and foreign exchange losses.

Outlook

Brookfield Renewable Partners LP remains optimistic about its growth prospects, with a focus on expanding its renewable energy portfolio. The company anticipates continued strong performance in its wind and solar segments, supported by favorable market conditions and strategic acquisitions.

Summarized from source with an LLMView Source

Key figures

-5.52%1Y

-25.8%3Y

3.72%5Y

Performance

35.6%1Y

30.5%3Y

35.0%5Y

Volatility