{"id":728536,"date":"2023-02-03T06:53:02","date_gmt":"2023-02-03T11:53:02","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/brookfield-renewable-announces-record-results-and-5-5-distribution-increase\/"},"modified":"2023-02-03T06:53:02","modified_gmt":"2023-02-03T11:53:02","slug":"brookfield-renewable-announces-record-results-and-5-5-distribution-increase","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/brookfield-renewable-announces-record-results-and-5-5-distribution-increase\/","title":{"rendered":"Brookfield Renewable Announces Record Results and 5.5% Distribution Increase"},"content":{"rendered":"
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\n All amounts in U.S. dollars unless otherwise indicated<\/em>
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BROOKFIELD, News, Feb. 03, 2023 (GLOBE NEWSWIRE) — Brookfield Renewable Partners L.P. (TSX: BEP.UN<\/strong>; NYSE: BEP<\/strong>) (\u201cBrookfield Renewable Partners<\/strong>\u201d, “BEP<\/strong>“) today reported financial results for the three and twelve months ended December\u00a031, 2022.<\/p>\n

\u201c2022 was another successful year, continuing our track record of double-digit average annual FFO growth for more than a decade and executing on our growth initiatives, increasing our renewable power presence in all our core markets and expanding into transition investments\u201d, said Connor Teskey, CEO of Brookfield Renewable. \u201cLooking forward, we remain a leading global owner, operator, and builder of clean energy that is uniquely positioned with our strong balance sheet, liquidity position and access to institutional capital to capture the largest and most attractive decarbonization investment opportunities around the world.\u201d<\/p>\n\n\n\n\n\n\n\n
\u00a0<\/td>\n\u00a0<\/td>\n\n For the three months ended<\/strong>
\n
\n December 31<\/strong>\n <\/td>\n		\n For the <\/strong>
\n twelve<\/strong>
\n months ended<\/strong>
\n
\n December 31<\/strong>\n <\/td>\n<\/tr>\n
\n US$ millions (except per unit amounts), unaudited<\/em>\n <\/td>\n\u00a0<\/td>\n\n 2022<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2021<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2022<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2021<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net loss attributable to Unitholders<\/td>\n\n $<\/strong>\n <\/td>\n\n (82<\/strong>\n <\/td>\n\n )<\/strong>\n <\/td>\n$<\/td>\n(57<\/td>\n)<\/td>\n\n $<\/strong>\n <\/td>\n\n (295<\/strong>\n <\/td>\n\n )<\/strong>\n <\/td>\n$<\/td>\n(368<\/td>\n)<\/td>\n<\/tr>\n
\u2013\u00a0 \u00a0per LP unit(<\/sup>1<\/sup>)<\/sup><\/td>\n\u00a0<\/td>\n\n (0.16<\/strong>\n <\/td>\n\n )<\/strong>\n <\/td>\n\u00a0<\/td>\n(0.12<\/td>\n)<\/td>\n\u00a0<\/td>\n\n (0.60<\/strong>\n <\/td>\n\n )<\/strong>\n <\/td>\n\u00a0<\/td>\n(0.69<\/td>\n)<\/td>\n<\/tr>\n
Funds From Operations (FFO)(<\/sup>2<\/sup>)<\/sup><\/td>\n\u00a0<\/td>\n\n 225<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n214<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 1,005<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n934<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u2013\u00a0 \u00a0per Unit(<\/sup>2<\/sup>)(<\/sup>3<\/sup>)<\/sup><\/td>\n\u00a0<\/td>\n\n 0.35<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.33<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 1.56<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.45<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

Brookfield Renewable reported FFO of $1.005 billion or $1.56 per Unit for the twelve months ended December\u00a031, 2022, an 8% increase on a per Unit basis over the same period in the prior year. After deducting non-cash depreciation and other expenses, our Net loss attributable to Unitholders for the twelve months ended December\u00a031, 2022 was\u00a0$295\u00a0million or $0.60 per unit.<\/p>\n

\n Other highlights include<\/strong>\n <\/p>\n