{"id":845878,"date":"2025-05-02T07:01:18","date_gmt":"2025-05-02T11:01:18","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/brookfield-renewable-announces-strong-first-quarter-results-4\/"},"modified":"2025-05-02T07:01:18","modified_gmt":"2025-05-02T11:01:18","slug":"brookfield-renewable-announces-strong-first-quarter-results-4","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/brookfield-renewable-announces-strong-first-quarter-results-4\/","title":{"rendered":"Brookfield Renewable Announces Strong First Quarter Results"},"content":{"rendered":"
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\n All amounts in U.S. dollars unless otherwise indicated<\/em>\n <\/p>\n

BROOKFIELD, News, May 02, 2025 (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 months ended March\u00a031, 2025.<\/p>\n

\u201cWe had a strong start to the year, delivering record results from our large, highly contracted, global operating fleet, which is now approaching 45,000 megawatts diversified across the lowest cost energy technologies. We were also successful advancing our growth initiatives, highlighted by our agreement to acquire National Grid Renewables and completing the privatization of Neoen,\u201d said Connor Teskey, CEO of Brookfield Renewable.<\/p>\n

He continued, \u201cThe fundamentals for energy remain strong as investment in digitalization and reindustrialization is driving demand growth that far exceeds supply. This imbalance persists despite weaker market sentiment due to uncertainty of the impacts of tariffs globally. In the current environment, we feel our business is differentiated by its resiliency, strong balance sheet, and strategic positioning, allowing us to not only continue to execute, but also capitalize on the current environment to opportunistically grow our platform and extend our leadership position.\u201d<\/p>\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n For the three months ended<\/strong>
\n
\n March 31<\/strong>\n <\/td>\n<\/tr>\n
\n US$ millions (except per unit amounts), unaudited<\/em>\n <\/td>\n\u00a0<\/td>\n\n 2025<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2024<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net loss attributable to Unitholders<\/td>\n\n $<\/strong>\n <\/td>\n\n (197<\/strong>
\n )<\/strong>\n <\/td>\n		\u00a0<\/td>\n$<\/td>\n(120)<\/td>\n\u00a0<\/td>\n<\/tr>\n
– per LP unit(<\/sup>1<\/sup>)<\/sup><\/td>\n\u00a0<\/td>\n\n (0.35<\/strong>
\n )<\/strong>\n <\/td>\n		\u00a0<\/td>\n\u00a0<\/td>\n(0.23)<\/td>\n\u00a0<\/td>\n<\/tr>\n
Funds From Operations (FFO)(<\/sup>2<\/sup>)<\/sup><\/td>\n\u00a0<\/td>\n\n 315<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n296<\/td>\n\u00a0<\/td>\n<\/tr>\n
– per Unit(<\/sup>2<\/sup>)(<\/sup>3<\/sup>)<\/sup><\/td>\n\u00a0<\/td>\n\n 0.48<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.45<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

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Brookfield Renewable reported FFO of $315 million in the quarter, or $0.48 per unit, which adjusting for strong hydro generation last year, was up 15%. All in, FFO per unit was up 7%, as these results benefited from the stable, inflation-linked and contracted cash flows of our diverse global operating fleet, our growth activities and accretive capital recycling. After deducting non-cash depreciation and one-time expenses associated with completing the acquisition of Neoen, our Net loss attributable to Unitholders for the three months ended March\u00a031, 2025 was $197\u00a0million.<\/p>\n

Key highlights:<\/p>\n