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BEP

Brookfield Renewable Partners L.P.

BEP

Brookfield Renewable Partners L.P. • NYSE
$28.71 ▲ 1.68% (+0.47)
Market Cap $8.15 B
52w High $32.72
52w Low $19.29
Dividend Yield 1.49%
P/E -33.01
Volume 378.48K
Outstanding Shares 283.90M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $1.596B ▼ $668M ▲ $-57M ▼ -3.571% ▼ $-0.23 ▼ $1.173B ▲
Q2-2025 $1.692B ▲ $665M ▲ $-54M ▲ -3.191% ▲ $-0.22 ▲ $1.136B ▲
Q1-2025 $1.58B ▲ $632M ▲ $-93M ▼ -5.886% ▼ $-0.35 ▼ $998M ▲
Q4-2024 $1.432B ▼ $524M ▼ $-9M ▲ -0.628% ▲ $-0.06 ▲ $959M ▼
Q3-2024 $1.47B $573M $-83M -5.646% $-0.32 $980M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $2.386B ▼ $98.303B ▼ $65.459B ▲ $8.673B ▼
Q2-2025 $2.446B ▲ $98.601B ▲ $65.274B ▲ $9.132B ▼
Q1-2025 $2.423B ▼ $95.278B ▲ $61.664B ▲ $9.36B ▼
Q4-2024 $3.703B ▲ $94.809B ▲ $58.353B ▲ $9.751B ▲
Q3-2024 $1.674B $75.173B $47.22B $8.911B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-56.368M ▼ $381.539M ▼ $-1.265B ▲ $922.304M ▼ $-123.952M ▼ $-1.357B ▼
Q2-2025 $-54.89M ▲ $384.983M ▼ $-2.058B ▲ $1.579B ▼ $-14.195M ▲ $-1.116B ▲
Q1-2025 $-92.719M ▼ $385.831M ▲ $-3.435B ▼ $1.816B ▼ $-1.192B ▼ $-1.155B ▼
Q4-2024 $-8.746M ▲ $218.66M ▼ $-2.396B ▼ $4.054B ▲ $1.821B ▲ $-901.134M ▼
Q3-2024 $-83.668M $500.08M $-823.454M $337.439M $65.696M $-421.788M

Five-Year Company Overview

Income Statement

Income Statement Brookfield Renewable has grown its top line steadily over the past five years, showing that its portfolio of renewable assets is expanding and generally well utilized. Core operating profits and cash-style earnings have also been solid, which suggests the underlying businesses are economically productive. However, the partnership continues to report small but consistent accounting losses at the bottom line. This points to heavy non‑cash charges, interest expense, or other items offsetting operating strength. The story here is “scale and operating momentum are good, but full profitability on a net basis has not yet followed.”

Balance Sheet

Balance Sheet The balance sheet shows a company that has grown aggressively. Total assets have climbed significantly, reflecting a much larger base of renewable projects and related infrastructure. Cash on hand has also increased, giving more day‑to‑day flexibility than in earlier years. That growth has been funded largely with debt rather than equity. Leverage has risen meaningfully, while book equity has stayed roughly flat. This mix underscores the capital‑intensive nature of the business and raises sensitivity to interest rates and refinancing conditions, even though such leverage is common in infrastructure and utilities.

Cash Flow

Cash Flow Brookfield Renewable consistently generates positive cash from operations, which confirms that its assets produce real, recurring cash. That said, operating cash has been somewhat bumpy year to year, not a straight line upward. Free cash flow has been negative in most recent years because the partnership is spending heavily on new projects and acquisitions. In practical terms, this means the business is still in an investment and build‑out phase, relying on external capital to fund growth, with the expectation that these projects will pay off over the long term.

Competitive Edge

Competitive Edge Brookfield Renewable holds a strong position as one of the largest global players in renewable power, backed by a broad mix of hydro, wind, solar, and storage assets across multiple continents. Its long‑life hydro assets, in particular, are very hard for rivals to replicate and provide a stable backbone for the portfolio. Long‑term, often inflation‑linked power contracts with solid counterparties give the partnership relatively predictable cash flows, while its connection to the broader Brookfield group supports ample access to capital and deal flow. The main trade‑offs are exposure to regulation, interest rates, and the need to continuously execute large, complex projects without cost overruns or integration issues.

Innovation and R&D

Innovation and R&D Innovation at Brookfield Renewable is less about inventing new hardware and more about using existing technologies in smarter, larger‑scale ways. The company focuses on improving output from existing assets—such as repowering wind farms—and on running a highly sophisticated operating platform that squeezes more value out of a diverse global portfolio. Beyond traditional generation, Brookfield is pushing into “sustainable solutions” like on‑site solar, storage, energy‑efficiency services, carbon capture, renewable natural gas, and nuclear services. Its partnerships (for example, with major tech companies for tailored clean‑energy deals and with Westinghouse in nuclear) show a shift toward being a full‑service decarbonization provider rather than just a power plant owner.

Summary

Overall, Brookfield Renewable looks like a scale‑driven, growth‑oriented renewable utility that has successfully expanded its revenue base and operating profits while building a large, diversified asset platform. Its true economic engine appears healthy, supported by long‑term contracts and valuable hydro assets. At the same time, the partnership runs with high leverage, continues to report accounting losses, and produces negative free cash flow due to heavy ongoing investment. The key tension is between strong strategic positioning and asset quality on one side, and the financial demands and risks of rapid, debt‑funded growth on the other. How effectively it converts its growing asset base and contract pipeline into durable, surplus cash over time will be crucial for the long‑run picture.

NEWS

November 5, 2025 · 6:55 AM UTC

Brookfield Renewable Reports Third Quarter Results

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October 3, 2025 · 7:00 AM UTC

Brookfield Renewable to Host Third Quarter 2025 Results Conference Call

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