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Brookfield Renewable Partners (TSE:BEP.UN)
TSX:BEP.UN
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Earnings Data
Report Date
Jan 31, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-C$0.36Last Year’s EPS
C$0.01Same Quarter Last Year
Strong Buy
Based on 9 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 08, 2024
|% Change Since: -8.53%
|Next Earnings Date:Jan 31, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted a strong start to the year with record funds from operations, a landmark agreement with Microsoft, and robust capital recycling and growth initiatives. While challenges in the interest rate environment and solar panel trade actions were noted, the company's strong financial position and strategic agreements position it well for future growth.Company Guidance
During the Q1 2024 earnings call for Brookfield Renewable Partners (BEP.UN.TO), significant guidance was provided around their strategic growth initiatives and financial performance. The company reported record funds from operations (FFO) of $296 million, an 8% increase year-over-year, translating to $0.45 per unit. They emphasized their robust development pipeline, targeting a 10%-plus FFO per unit growth for the year. A landmark agreement with Microsoft was highlighted, wherein Brookfield will deliver over 10.5 gigawatts of new renewable energy capacity between 2026 and 2030. The company also plans to generate $3 billion in proceeds from asset recycling, with $1.3 billion net to BEP, while maintaining strong liquidity with $4.4 billion available to deploy significant capital into growth. Furthermore, Brookfield expressed confidence in delivering a 12% to 15% long-term total return for investors, leveraging their extensive development pipeline, which now approaches 160 gigawatts globally.Record Funds from Operations
Generated record funds from operations in Q1 2024, with FFO of $296 million, up 8% year-over-year, positioning well to deliver on a 10%-plus FFO per unit growth target for the year.
Landmark Agreement with Microsoft
Signed a renewable energy framework agreement with Microsoft to deliver over 10.5 gigawatts of new renewable energy capacity in the US and Europe between 2026 and 2030.
Strong Capital Recycling
Targeting to generate $3 billion of proceeds or $1.3 billion net to BEP in 2024 from asset recycling, with strong traction in launched sales processes.
Robust Growth Pipeline
Pipeline of attractive growth opportunities remains robust with access to scale capital and strong operating business, enabling strategic market entry and capital deployment.
Strong Financial Position
Executed almost $6 billion in financing and ended the quarter with $4.4 billion of available liquidity, supporting growth and unit repurchases.
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Brookfield Renewable Partners (TSE:BEP.UN) Earnings, Revenues Date & History
TSE:BEP.UN 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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TSE:BEP.UN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 08, 2024 | C$35.79 | C$36.34 | +1.51% |
| Aug 02, 2024 | C$32.39 | C$32.34 | -0.15% |
| May 03, 2024 | C$32.54 | C$33.93 | +4.28% |
| Feb 02, 2024 | C$32.98 | C$32.30 | -2.06% |
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 Partners (TSE:BEP.UN) report earnings?
Brookfield Renewable Partners (TSE:BEP.UN) is schdueled to report earning on Jan 31, 2025, TBA Not Confirmed.
What is Brookfield Renewable Partners (TSE:BEP.UN) earnings time?
Brookfield Renewable Partners (TSE:BEP.UN) 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 TSE:BEP.UN EPS forecast?
TSE:BEP.UN EPS forecast for the fiscal quarter 2024 (Q4) is -C$0.36.
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