Brookfield Renewable Partners reports Q4 FFO 46c vs. 38c last year

Reports Q4 revenue $1.43B, consensus $1.45B. “2024 was another record year for our business. We delivered 10% FFO per unit growth, developed approximately 7,000 MW of capacity and deployed and committed $12.5B of capital into leading renewable platforms, enhancing what we can offer to our customers. We also signed the landmark renewable energy framework agreement with Microsoft and delivered $2.8B of proceeds from asset recycling, crystallizing strong returns at approximately double our corporate targets, and generating significant capital to fund our future growth,” said Connor Teskey, CEO. “The outlook for clean power is stronger than ever, with accelerating demand driven by corporate customers on the back of accelerating data center development and broader electrification, which has only been further enhanced by the new U.S. administration’s effort to drive investment. In this environment, we feel few, if any, are as well positioned as us with our large-scale pipeline, our leading global capabilities and our substantial liquidity to capitalize on this growing demand for years to come.”