Brookfield Renewable Partners LP

Latest Results (13.05.2026):

Brookfield Renewable Partners LP — First Quarter 2026: Brookfield Renewable reported a mixed Q1 2026: a net loss on an IFRS basis but stronger cash performance measured by Funds From Operations (FFO). Management highlighted record financial results driven by operations, acquisitions and asset recycling, while signing an agreement to acquire Boralex and continuing to scale development and new-capacity deliveries.

Key financial snapshot

For Q1 2026 Brookfield Renewable reported a consolidated net loss of $295 million and a net loss attributable to Unitholders of $229 million (basic loss per LP unit $0.40). Revenues were $1,514 million versus $1,580 million a year earlier.

FFO and per‑unit cash performance

Funds From Operations (FFO) for Q1 2026 were $375 million, up from $315 million in Q1 2025. FFO per unit rose to $0.55 from $0.48, reflecting stronger operating cash flow despite the reported IFRS loss.

Segment operating highlights

Hydroelectric FFO was $210 million (nearly +30% YoY) supported by strong Canadian and Colombian generation and a realized gain on a 25% sale of a non‑core U.S. hydro portfolio. Wind and utility‑scale solar together generated $245 million of FFO (up >60% YoY) aided by Neoen and Geronimo Power contributions and asset sale gains. Distributed energy, storage and sustainable solutions contributed $58 million of FFO, with Westinghouse performing well across fuel, maintenance and engineering workstreams.

Growth, development and capacity delivery

Brookfield Renewable announced an agreement to acquire Boralex (a publicly listed renewable platform with >4,000 MW operating/under‑construction and ~8,000 MW development pipeline across Canada, France, the U.S. and the U.K.). During Q1 the company delivered ~1,800 MW of new capacity globally and contracted ~1,700 MW from its advanced pipeline, and reiterated a target to deliver ~10,000 MW of new projects per year by 2027.

Asset recycling and monetizations

Q1 monetizations included launching the Northview Energy sale of ~2,300 MW (expected proceeds ~ $1.3 billion; ~ $315 million net to Brookfield Renewable), completing the CleanMax IPO (realized ~ $185 million; ~ $40 million net), closing a Deriva solar sale (~ $400 million; ~ $70 million net) and agreeing to sell remaining 50% of a non‑core U.S. hydro portfolio (total proceeds expected ~ $1.0 billion; ~ $500 million net).

Balance sheet, liquidity and financing

The company ended the quarter with over $4.7 billion of available liquidity, completed nearly $4.0 billion of financings during the quarter, and issued C$500 million of 30‑year notes at a 5.2% fixed rate. Corporate borrowings increased to $4,825 million and Brookfield reported an average corporate debt maturity of ~14 years.

BEP/BEPC structure and shareholder actions

Brookfield Renewable launched a BEPC at‑the‑market equity program (issued ~2.8 million BEPC shares and repurchased the same number of BEP units yielding ~ $27 million realized cash gains) and said it is exploring a potential tax‑free combination of BEP and BEPC into a single corporate security to enhance liquidity and index inclusion.