Brookfield Renewable Partners L.P. (BEP) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	-$0.4	-$0.37	+7.5%	—	$1.7B	—
Q1 26	-$0.44	-$0.4	+9.1%	—	$1.5B	—
Q4 25	-$0.38	$0.54	+242.1%	—	$1.5B	—
Q3 25	-$0.09	-$0.23	-155.6%	—	$1.6B	—
Q2 25	-$0.48	-$0.22	+54.2%	—	$1.7B	—
Q1 25	-$0.4	-$0.35	+12.5%	—	$1.6B	—
Q4 24	-$0.39	-$0.06	+84.6%	—	$1.4B	—
Q3 24	-$0.45	-$0.32	+28.9%	—	$1.5B	—
Q2 24	-$0.27	-$0.28	-3.7%	—	$1.5B	—
Q1 24	-$0.38	-$0.23	+39.5%	—	$1.5B	—
Q4 23	-$0.33	$0.01	+103.0%	—	$1.3B	—
Q3 23	-$0.17	-$0.14	+17.6%	—	$1.2B	—
Q2 23	-$0.06	-$0.1	-66.7%	—	$1.2B	—
Q1 23	-$0.13	-$0.09	+30.8%	—	$1.3B	—
Q4 22	-$0.17	-$0.16	+5.9%	—	$1.2B	—
Q3 22	-$0.07	-$0.25	-257.1%	—	$1.1B	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	-$0.25	—	—	$6.4B	—
FY24	—	-$0.89	—	—	$5.9B	—
FY23	—	-$0.32	—	—	$5B	—
FY22	—	-$0.6	—	—	$4.7B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$2.5B	$2.6B	$3.8B	$4B	$3.8B	$4.1B	$4.7B	$5B	$5.9B	$6.4B
YoY change	+50.6%	+7.06%	+44.6%	+4.58%	-4.05%	+7.51%	+15%	+6.94%	+16.6%	+9.04%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	2.5B	2.6B	3.8B	4B	3.8B	4.1B	4.7B	5B	5.9B	6.4B
Cost of revenue	1B	978M	1.3B	1.3B	1.3B	1.4B	1.4B	1.9B	2.6B	2.9B
Gross profit	1.4B	1.6B	2.5B	2.7B	2.5B	2.7B	3.3B	3.1B	3.3B	3.5B
Gross margin	57.7%	62.7%	66.5%	68.2%	66.6%	66.7%	69.6%	61.6%	56.1%	54.7%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	62M	82M	94M	135M	235M	288M	243M	205M	—	—
Operating expenses	124M	164M	188M	270M	701M	634M	492M	410M	204M	223M
Operating income	571M	783M	1.3B	1.3B	694M	870M	1.4B	1B	1.1B	856M
Operating margin	23.3%	29.8%	33.4%	32.3%	18.2%	21.2%	30.4%	20.6%	18.4%	13.4%
Non-operating income, net	-19M	-44M	-79M	-190M	43M	-14M	-138M	1.1B	569M	1.5B
Pretax income	-13M	139M	240M	123M	-192M	-52M	136M	568M	-200M	98M
Income tax	-53M	88M	-343M	43M	-147M	14M	-2M	-48M	-191M	-614M
Net income	40M	51M	583M	80M	-45M	-66M	138M	616M	-9M	712M
Net margin	1.63%	1.94%	15.4%	2.01%	-1.18%	-1.61%	2.93%	12.2%	-0.15%	11.1%
EBITDA	1.4B	1.6B	2.4B	2.6B	2.1B	2.3B	3.2B	3.7B	3.3B	3.3B
EPS	-0.15	-0.12	0.1	-0.4	-0.61	-0.69	-0.6	-0.32	-0.89	-0.25
Diluted EPS	-0.15	-0.12	0.1	-0.4	-0.61	-0.69	-0.6	-0.32	-0.89	-0.25

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	1.2B	1.3B	1.5B	1.5B	1.5B	1.4B	1.6B	1.7B	1.6B	1.5B	1.5B	1.7B
Cost of revenue	496M	611M	634M	618M	623M	705M	675M	699M	721M	808M	779M	783M
Gross profit	683M	712M	858M	864M	847M	727M	905M	993M	875M	731M	735M	927M
Gross margin	57.9%	53.8%	57.5%	58.3%	57.6%	50.8%	57.3%	58.7%	54.8%	47.5%	48.5%	54.2%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	43M	50M	45M	—	—	—	—	—	—	—	—	—
Operating expenses	86M	100M	90M	53M	59M	47M	49M	56M	57M	61M	73M	77M
Operating income	192M	134M	311M	294M	274M	203M	273M	328M	207M	48M	114M	292M
Operating margin	16.3%	10.1%	20.8%	19.8%	18.6%	14.2%	17.3%	19.4%	13%	3.12%	7.53%	17.1%
Non-operating income, net	222M	372M	109M	126M	192M	142M	142M	199M	355M	803M	195M	74M
Pretax income	44M	152M	-56M	-69M	-48M	-27M	-194M	-97M	-24M	413M	-330M	-292M
Income tax	21M	-112M	14M	19M	-9M	-215M	-86M	-197M	-66M	-265M	-35M	-5M
Net income	24M	264M	-70M	-88M	-39M	188M	-108M	100M	42M	678M	-295M	-287M
Net margin	2.04%	20%	-4.69%	-5.94%	-2.65%	13.1%	-6.84%	5.91%	2.63%	44.1%	-19.5%	-16.8%
EBITDA	749M	1.2B	802M	821M	794M	899M	749M	881M	1.1B	551M	637M	920M
EPS	-0.14	0.01	-0.23	-0.28	-0.32	-0.06	-0.35	-0.22	-0.23	0.54	-0.4	-0.37
Diluted EPS	-0.14	0.01	-0.23	-0.28	-0.32	-0.06	-0.35	-0.22	-0.23	0.54	-0.4	-0.37

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	3.7B	—	3.7B	—	—	9.8B	7B	7.5B	6.5B	7.7B	13.6B
Enterprise value	13.6B	—	14.2B	—	—	31B	31.5B	36.9B	38.9B	41.2B	81B
Shares outstanding	234.8M	266.7M	268.2M	220M	274.8M	274.9M	275.4M	284.4M	285.2M	287M	287M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	92.9	—	6.35	—	—	—	50.6	12.1	—	10.9	-111.5
P/S	1.52	—	0.98	—	—	2.4	1.48	1.48	1.11	1.21	2.17
P/B	0.29	—	0.22	—	—	0.41	0.27	0.25	0.18	0.22	2.28
EV/EBITDA	9.69	—	5.8	—	—	13.2	10	10.1	11.7	12.5	27
EV/Sales	5.55	—	3.74	—	—	7.57	6.69	7.32	6.61	6.43	12.7
Earnings yield	1.08%	—	15.7%	—	—	—	1.98%	8.24%	—	9.2%	-0.9%
FCF yield	7.08%	—	27.4%	—	—	-12.5%	-6.86%	-12.6%	-37.8%	-70.3%	-88.3%
PEG	—	—	—	—	—	—	—	—	—	—	-1.64

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	57.7%	62.7%	66.5%	68.2%	66.6%	66.7%	69.6%	61.6%	56.1%	54.7%	54.2%
Operating margin	23.3%	29.8%	33.4%	32.3%	18.2%	21.2%	30.4%	20.6%	18.4%	13.4%	17.1%
Net margin	1.63%	1.94%	15.4%	2.01%	-1.18%	-1.61%	2.93%	12.2%	-0.15%	11.1%	-1.26%
ROE	0.32%	0.36%	3.39%	0.39%	-0.21%	-0.28%	0.52%	2.05%	-0.02%	2.04%	0.4%
ROA	0.14%	0.17%	1.71%	0.17%	-0.09%	-0.12%	0.22%	0.81%	-0.01%	0.72%	0.42%
ROIC	2.53%	1.14%	4.59%	2.21%	1.74%	1.93%	2.81%	1.75%	1.57%	1.25%	0.94%
Return on tangible assets	0.15%	0.18%	1.8%	0.18%	-0.1%	-0.12%	0.23%	0.85%	-0.01%	0.82%	0.16%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	0.52	0.66	1.16	0.83	0.63	0.9	0.85	0.57	0.61	0.57	0.8
Quick ratio	0.52	0.66	1.16	0.82	0.62	0.89	0.84	0.56	0.6	0.56	0.79
Debt / equity	0.8	0.82	0.62	0.86	0.85	0.92	0.97	1.02	0.98	1.02	1.05
Debt / assets	0.37	0.38	0.31	0.38	0.37	0.39	0.4	0.4	0.37	0.36	0.38
Net debt / EBITDA	7.05	6.7	4.29	6.75	8.39	9.03	7.79	8.04	9.76	10.2	10.8
Interest coverage	0.98	1.22	1.25	1.12	0.8	0.95	1.11	1.35	0.9	1.04	0.91
Effective tax rate	0%	63.3%	0%	35%	0%	0%	0%	0%	0%	0%	0%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	10.4	9.84	14.2	18.1	13.9	14.9	17.1	17.7	20.6	22.3	9.29
EPS (basic)	-0.15	-0.12	0.1	-0.4	-0.61	-0.69	-0.6	-0.32	-0.89	-0.25	-0.25
EPS (diluted)	-0.15	-0.12	0.1	-0.4	-0.61	-0.69	-0.6	-0.32	-0.89	-0.25	-0.44
Book value per share	54	53.6	64.1	93.1	79.2	87.3	95.5	105.4	127.8	121.9	12.5
FCF per share	1.12	2.15	3.78	4.97	3.09	-4.49	-1.74	-3.32	-8.62	-19	-16.8
Cash per share	1.18	3.27	0.87	2	1.79	3	3.11	3.83	11.2	8.12	3.93
Capex per share	1.57	1.33	1.01	2.09	1.63	7.16	7.95	9.88	13.1	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	15%	13.5%	7.14%	11.6%	11.7%	48%	46.5%	55.8%	63.5%	—	—
Capex / operating cash flow	47%	43.1%	19.2%	30.3%	30%	234.7%	162.1%	110.4%	191.1%	—	—
Payout ratio	1.4K%	1.3K%	121.1%	855%	-1.7K%	-1.3K%	663%	160.7%	-11.8K%	160.1%	649%
Dividend yield	15%	—	19.1%	—	—	8.68%	13.1%	13.2%	16.3%	14.7%	5.63%

Yield

5.63%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.392

ex-dividend Aug 31, 2026

Payout ratio

649%

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 31, 2026	$0.392
May 29, 2026	$0.392
Feb 27, 2026	$0.392

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$1.2B	$1.3B	$1.5B	$1.5B	$1.5B	$1.4B	$1.6B	$1.7B	$1.6B	$1.5B	$1.5B	$1.7B
YoY change	+6.7%	+10.6%	+12.1%	+23%	+24.7%	+8.24%	+5.9%	+14.2%	+8.57%	+7.47%	-4.18%	+1.06%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	278M	871M	233M	440M	493M	824M	855M	1.1B	3.2B	2.3B
Receivables	262M	360M	339M	580M	614M	629M	672M	662M	808M	920M
Inventory	—	—	—	43M	26M	31M	42M	111M	154M	177M
Total current assets	907M	1.7B	2B	2B	1.7B	2.9B	4.2B	4.6B	8.8B	12.3B
Property, plant & equipment	1B	920M	646M	569M	747M	1.4B	3.6B	5.1B	7.6B	8.9B
Goodwill & intangibles	1.8B	1.8B	1.7B	2.4B	2.4B	2.4B	3.5B	3.9B	10.9B	12B
Total assets	27.7B	30.9B	34.1B	46.2B	49.7B	55.9B	64.1B	76.1B	94.8B	98.7B
Accounts payable	87M	117M	76M	152M	127M	208M	276M	388M	787M	959M
Short-term debt	1B	1.7B	495M	1.2B	1.1B	1.8B	2.3B	5B	5.8B	7.6B
Total current liabilities	1.7B	2.5B	1.7B	2.4B	2.8B	3.2B	4.9B	8B	14.6B	21.7B
Long-term debt	9.1B	10.1B	10.2B	16.5B	17.5B	20.1B	23.1B	25.5B	29.8B	28.2B
Total liabilities	15.1B	16.6B	16.9B	25.7B	28B	31.9B	37.8B	46.1B	58.4B	63.7B
Shareholders' equity	12.7B	14.3B	17.2B	20.5B	21.8B	24B	26.3B	30B	36.5B	35B
Total debt	10.2B	11.8B	10.7B	17.7B	18.5B	22B	25.4B	30.5B	35.5B	35.8B
Net debt	10B	11B	10.5B	17.3B	18.1B	21.2B	24.7B	29.6B	32.7B	33.8B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	947M	1.1B	1.3B	1.2B	1.2B	3.2B	2B	2.1B	2.1B	2.3B	2.6B	2.4B
Receivables	610M	662M	778M	706M	748M	808M	931M	1B	911M	920M	979M	990M
Inventory	41M	111M	120M	125M	137M	154M	138M	163M	120M	177M	142M	175M
Total current assets	3.1B	4.6B	4B	4.2B	6.5B	8.8B	8.7B	7.8B	12B	12.3B	13B	10.8B
Property, plant & equipment	224M	5.1B	151M	148M	120M	7.6B	8.4B	9.4B	8.8B	8.9B	9.1B	9.8B
Goodwill & intangibles	3.1B	3.9B	3.9B	3.8B	4B	10.9B	11.4B	12.3B	11.7B	12B	12.1B	12.1B
Total assets	65.6B	76.1B	75.1B	73.8B	75.2B	94.8B	95.3B	98.6B	98.3B	98.7B	98.2B	96.7B
Accounts payable	308M	388M	442M	346M	511M	787M	733M	1.1B	934M	959M	972M	1B
Short-term debt	1.7B	5B	3.9B	5B	4B	5.8B	6B	6.2B	6.8B	7.6B	8.1B	6.2B
Total current liabilities	4.1B	8B	7.2B	8.1B	8.9B	14.6B	17.1B	17.7B	20.6B	21.7B	17.4B	13.4B
Long-term debt	22.7B	25.5B	25.3B	24.8B	25.5B	29.8B	29.5B	31.6B	29.2B	28.2B	28.6B	30.8B
Total liabilities	37.2B	46.1B	45.7B	45.8B	47.2B	58.4B	61.7B	65.3B	65.5B	63.7B	63B	60.9B
Shareholders' equity	28.3B	30B	29.4B	28B	28B	36.5B	33.6B	33.3B	32.8B	35B	35.2B	35.8B
Total debt	24.4B	30.5B	29.2B	29.8B	29.5B	35.5B	35.6B	37.8B	36B	35.8B	36.6B	37B
Net debt	23.6B	29.6B	28B	28.8B	28.6B	32.7B	33.9B	36B	34.1B	33.8B	34.6B	35.1B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	40M	51M	583M	80M	-45M	-66M	138M	616M	-9M	712M
Depreciation & amortization	781M	782M	1.2B	1.3B	1.4B	1.5B	1.6B	1.9B	2B	2.4B
Stock-based compensation	—	—	—	—	—	—	—	—	—	—
Change in working capital	34M	-52M	-83M	-37M	-5M	-432M	-322M	535M	-408M	-370M
Operating cash flow	785M	824M	1.4B	1.5B	1.5B	838M	1.4B	2.5B	2B	1.1B
Capital expenditure	-369M	-355M	-271M	-460M	-447M	-2B	-2.2B	-2.8B	-3.7B	—
Investing cash flow	-3.2B	-328M	-1.1B	-1.2B	-382M	-2.5B	-5.1B	-4.4B	-6.8B	-2.1B
Dividends paid	-559M	-642M	-706M	-684M	-769M	-854M	-915M	-990M	-1.1B	-1.1B
Share repurchases	0	0	-51M	-1M	0	-153M	-252M	-43M	-182M	-34M
Financing cash flow	2.7B	-27M	-684M	-402M	-792M	2.1B	3.5B	2.6B	7.6B	6.4B
Net change in cash	303M	469M	-350M	-95M	318M	437M	-226M	785M	2.8B	5.5B
Free cash flow	263M	573M	1B	1.1B	849M	-1.2B	-479M	-944M	-2.5B	-5.4B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	24M	264M	-70M	-88M	-39M	188M	-108M	100M	42M	678M	-295M	-287M
Depreciation & amortization	448M	517M	502M	517M	514M	477M	583M	609M	611M	622M	548M	558M
Stock-based compensation	—	—	—	—	—	—	—	—	—	—	—	—
Change in working capital	72M	-221M	-67M	-148M	119M	-79M	21M	-36M	-24M	302M	-90M	79M
Operating cash flow	494M	175M	407M	321M	693M	765M	522M	379M	386M	-5M	151M	526M
Capital expenditure	-604M	-1.1B	-840M	-820M	-918M	-1.2B	-1.5B	—	—	—	—	—
Investing cash flow	-530M	-2.5B	-835M	-894M	-1B	-4.1B	-3.8B	-1.6B	573M	1.2B	400M	783M
Dividends paid	-250M	-251M	-260M	-271M	-267M	-263M	-283M	-281M	-287M	-289M	-315M	-306M
Share repurchases	-12M	-31M	-28M	-155M	0	1M	-27M	-7M	0	0	-215M	—
Financing cash flow	10M	2.1B	821M	508M	572M	5.7B	2.2B	2.6B	907M	763M	770M	-107M
Net change in cash	-26M	-199M	393M	-65M	255M	2.5B	-1.1B	1.3B	1.9B	2B	1.3B	1.2B
Free cash flow	-241M	-692M	-516M	-589M	-420M	-934M	-1.2B	-1.1B	-1.4B	-1.8B	-1.1B	-800M

Date	Ratio
Dec 14, 2020	3:2
Jul 30, 2020	1251:1000

Brookfield Renewable Partners L.P. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history