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Brookfield Renewable (BEPC)
NYSE:BEPC
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Earnings Data
Report Date
Jan 31, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.36Last Year’s EPS
$0.01Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 01, 2024
|% Change Since: -6.44%
|Next Earnings Date:Jan 31, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted significant achievements in terms of record funds from operations, successful asset recycling, and strategic partnerships. However, concerns about market uncertainty due to election outcomes and potential changes in subsidies were noted.Company Guidance
During the Brookfield Renewables Q3 2024 earnings call, the executives highlighted remarkable performance metrics and strategic initiatives. They reported record funds from operations (FFO) for the quarter at $278 million, translating to $0.42 per unit, marking an 11% increase year-over-year. The company remains on track to achieve its 10% plus FFO per unit growth target for the year. Brookfield also successfully generated approximately $2.3 billion from asset monetizations, achieving returns of 2.5x their invested capital with internal rates of return (IRR) exceeding 20%. The company deployed over $11 billion into growth projects, emphasizing a diversified 200,000-megawatt renewable power project development pipeline. Moreover, Brookfield's strategic initiatives included a partnership with Ørsted to acquire a 12% interest in a 3,500-megawatt offshore wind portfolio in the U.K., and the company continues to explore opportunities in the mature offshore wind market. Despite regulatory uncertainties following recent U.S. election results, Brookfield expressed confidence in its low-cost renewable energy solutions, which remain robust against potential policy shifts. The company is poised to capitalize on increasing global demand for clean energy, driven by corporate off-takers and digitalization.Record Funds from Operations
Delivered record funds from operations of $278 million in the third quarter, or $0.42 per unit, up 11% year-over-year.
Successful Asset Recycling
Generated approximately $2.3 billion of proceeds from asset monetizations, resulting in returns of 2.5x invested capital and IRRs greater than 20%.
Strong Demand for Hydro Assets
Executed two contracts with U.S. utilities at an average price of almost $90 per megawatt hour for an average duration of almost 15 years.
Partnership with Orsted
Acquired a 12% interest in a portfolio of 3,500 megawatts of operating offshore wind capacity in the U.K. for an enterprise value of $2.3 billion.
Robust Capital Deployment
Committed and deployed over $11 billion of equity into growth, including proposed acquisition of Westinghouse.
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BEPC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BEPC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 01, 2024 | $30.25 | $29.65 | -1.98% |
| Aug 02, 2024 | $27.12 | $27.20 | +0.29% |
| May 03, 2024 | $27.40 | $28.61 | +4.42% |
| Feb 02, 2024 | $26.76 | $25.83 | -3.48% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Brookfield Renewable (BEPC) report earnings?
Brookfield Renewable (BEPC) is schdueled to report earning on Jan 31, 2025, TBA Not Confirmed.
What is Brookfield Renewable (BEPC) earnings time?
Brookfield Renewable (BEPC) earnings time is at Jan 31, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BEPC EPS forecast?
BEPC EPS forecast for the fiscal quarter 2024 (Q4) is -$0.36.
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