NYSE : BEP
Brookfield Renewable Partners L.P. — Financial statements
Utilities · Utilities - Renewable · Canada
Last price 28.65 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 19.62B
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Financial statements
Brookfield Renewable Partners L.P. (BEP) reported revenue of 6.36B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 6.36B | 6.41B | 5.88B | 5.04B | 4.71B | 4.10B |
| Revenue | 6.36B | 6.41B | 5.88B | 5.04B | 4.71B | 4.10B |
| Selling, General & Admin | 268.00M | 223.00M | 204.00M | 205.00M | 243.00M | 288.00M |
| Depreciation & Amortization | 2.34B | 2.42B | 2.01B | 1.85B | 1.58B | 1.50B |
| Other Operating Expenses | 3.09B | 2.90B | 2.58B | 1.93B | 1.43B | 1.36B |
| Total Operating Expenses | 5.70B | 5.55B | 4.79B | 3.99B | 3.26B | 3.15B |
| Operating Income | 661.00M | 856.00M | 1.08B | 1.05B | 1.45B | 942.00M |
| Interest Expense | -2.52B | -2.46B | -1.99B | -1.63B | -1.22B | -981.00M |
| Interest Income | 200.00M | 200.00M | 137.00M | 107.00M | 68.00M | 59.00M |
| Net Interest Expense | -2.32B | -2.26B | -1.85B | -1.52B | -1.16B | -922.00M |
| Income (Loss) on Equity Investments | 29.00M | -110.00M | -88.00M | 186.00M | 96.00M | 22.00M |
| Currency Exchange Gain (Loss) | 1.19B | 1.47B | 880.00M | 502.00M | -133.00M | -32.00M |
| Other Non-Operating Income (Expenses) | -109.00M | -119.00M | 175.00M | 449.00M | -53.00M | -135.00M |
| EBT Excluding Unusual Items | -550.00M | -160.00M | 198.00M | 665.00M | 205.00M | -125.00M |
| Total Merger & Restructuring Charges | -154.00M | -154.00M | -23.00M | -5.00M | -2.00M | -8.00M |
| Gain (Loss) on Sale of Investments | 836.00M | 836.00M | ||||
| Gain (Loss) on Sale of Assets | 467.00M | 408.00M | 346.00M | 72.00M | 202.00M | |
| Asset Writedown | -832.00M | -832.00M | -721.00M | -164.00M | -61.00M | -63.00M |
| Legal Settlements | -6.00M | -58.00M | ||||
| Pretax Income | -233.00M | 98.00M | -200.00M | 568.00M | 136.00M | -52.00M |
| Income Tax Expense | -371.00M | -614.00M | -191.00M | -48.00M | -2.00M | 14.00M |
| Earnings From Continuing Ops. | 138.00M | 712.00M | -9.00M | 616.00M | 138.00M | -66.00M |
| Minority Interest in Earnings | -218.00M | -657.00M | -381.00M | -646.00M | -360.00M | -235.00M |
| Net Income | -80.00M | 55.00M | -390.00M | -30.00M | -222.00M | -301.00M |
| Net Income to Common | -80.00M | 55.00M | -390.00M | -30.00M | -222.00M | -301.00M |
| Shares Outstanding (Basic) | 684.18M | 665.10M | 663.60M | 657.10M | 646.04M | 645.75M |
| Shares Outstanding (Diluted) | 684.18M | 665.10M | 663.60M | 657.10M | 646.04M | 645.75M |
| EPS (Basic) | -0.12 | 0.08 | -0.59 | -0.05 | -0.34 | -0.47 |
| EPS (Diluted) | -0.12 | 0.08 | -0.59 | -0.05 | -0.34 | -0.47 |
| Free Cash Flow | -5.09B | -5.44B | -2.46B | -944.00M | -479.00M | -1.23B |
| Free Cash Flow Per Share | -7.44 | -8.18 | -3.71 | -1.44 | -0.74 | -1.91 |
| Dividend Per Share | 1.53 | 1.49 | 1.42 | 1.35 | 1.28 | 1.22 |
| Profit Margin | -1.26% | 0.86% | -6.64% | -0.60% | -4.71% | -7.35% |
| Free Cash Flow Margin | -80.03% | -84.91% | -41.85% | -18.74% | -10.17% | -30.10% |
| EBITDA | 3.00B | 3.28B | 3.09B | 2.91B | 3.05B | 2.46B |
| EBITDA Margin | 47.18% | 51.21% | 52.62% | 57.78% | 64.72% | 59.98% |
| D&A For EBITDA | 2.34B | 2.42B | 2.01B | 1.86B | 1.60B | 1.51B |
| EBIT | 661.00M | 856.00M | 1.08B | 1.05B | 1.45B | 942.00M |
| EBIT Margin | 10.39% | 13.36% | 18.41% | 20.80% | 30.80% | 23.00% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 1.97B | 2.09B | 3.13B | 1.14B | 998.00M | 900.00M |
| Short-Term Investments | 715.00M | 499.00M | 568.00M | 222.00M | 238.00M | 87.00M |
| Accounts Receivable | 1.48B | 1.50B | 1.45B | 2.11B | 831.00M | 707.00M |
| Other Receivables | 1.32B | 1.30B | 826.00M | 412.00M | 302.00M | 165.00M |
| Inventory | 175.00M | 177.00M | 154.00M | 111.00M | 42.00M | 31.00M |
| Prepaid Expenses | 213.00M | 207.00M | 174.00M | 127.00M | 86.00M | 354.00M |
| Restricted Cash | 271.00M | 220.00M | 286.00M | 310.00M | 139.00M | 153.00M |
| Other Current Assets | 4.63B | 6.29B | 2.25B | 178.00M | 1.55B | 492.00M |
| Total Current Assets | 10.78B | 12.30B | 8.84B | 4.61B | 4.18B | 2.89B |
| Property, Plant & Equipment | 69.62B | 70.46B | 73.47B | 64.00B | 54.28B | 49.43B |
| Goodwill | 6.04B | 6.02B | 5.43B | 1.94B | 1.53B | 966.00M |
| Other Intangible Assets | 15.00M | 209.00M | 218.00M | |||
| Long-Term Investments | 8.81B | 8.48B | 5.79B | 4.31B | 2.89B | 1.37B |
| Long-Term Deferred Tax Assets | 541.00M | 493.00M | 330.00M | 244.00M | 176.00M | 197.00M |
| Long-Term Accounts Receivable | 171.00M | 209.00M | 250.00M | 314.00M | 341.00M | 388.00M |
| Other Long-Term Assets | 794.00M | 744.00M | 691.00M | 682.00M | 501.00M | 408.00M |
| Total Assets | 96.75B | 98.70B | 94.81B | 76.13B | 64.11B | 55.87B |
| Accounts Payable | 1.00B | 959.00M | 787.00M | 388.00M | 276.00M | 208.00M |
| Accrued Expenses | 2.78B | 7.77B | 5.69B | 1.46B | 822.00M | 560.00M |
| Short-Term Debt | 1.10B | 194.00M | 671.00M | 183.00M | 570.00M | |
| Current Portion of Long-Term Debt | 5.19B | 7.51B | 5.17B | 4.99B | 2.03B | 1.82B |
| Current Unearned Revenue | 67.00M | 63.00M | 47.00M | 35.00M | 24.00M | |
| Current Portion of Leases | 48.00M | 53.00M | 49.00M | 41.00M | 33.00M | 30.00M |
| Current Income Taxes Payable | 42.00M | 85.00M | 28.00M | 41.00M | 78.00M | 5.00M |
| Other Current Liabilities | 3.20B | 5.06B | 2.13B | 898.00M | 1.11B | 601.00M |
| Total Current Liabilities | 13.43B | 21.70B | 14.56B | 8.04B | 4.94B | 3.22B |
| Long-Term Debt | 31.39B | 27.94B | 28.90B | 24.98B | 22.57B | 19.71B |
| Long-Term Leases | 852.00M | 1.11B | 727.00M | 526.00M | 434.00M | |
| Long-Term Unearned Revenue | 672.00M | 679.00M | 686.00M | 680.00M | 662.00M | 635.00M |
| Pension & Post-Retirement Benefits | 62.00M | 56.00M | 66.00M | 51.00M | 77.00M | |
| Long-Term Deferred Tax Liabilities | 9.41B | 9.39B | 8.44B | 7.17B | 6.51B | 6.21B |
| Other Long-Term Liabilities | 6.00B | 3.10B | 4.60B | 4.49B | 2.56B | 1.58B |
| Total Liabilities | 60.90B | 63.73B | 58.35B | 46.15B | 37.83B | 31.87B |
| Preferred Stock, Redeemable | 647.00M | 634.00M | 634.00M | 760.00M | 760.00M | 881.00M |
| Common Stock | 1.23B | 1.62B | 2.00B | 3.10B | 3.61B | 4.00B |
| Comprehensive Income & Other | 8.03B | 7.99B | 7.12B | 6.67B | 6.59B | 6.20B |
| Total Common Equity | 9.26B | 9.61B | 9.12B | 9.77B | 10.20B | 10.20B |
| Minority Interest | 25.94B | 24.73B | 26.70B | 19.45B | 15.33B | 12.92B |
| Shareholders' Equity | 35.85B | 34.97B | 36.46B | 29.98B | 26.29B | 24.00B |
| Total Liabilities & Equity | 96.75B | 98.70B | 94.81B | 76.13B | 64.11B | 55.87B |
| Total Debt | 37.72B | 36.55B | 35.90B | 30.92B | 25.73B | 21.99B |
| Net Cash (Debt) | -35.04B | -33.95B | -32.19B | -29.56B | -24.49B | -21.01B |
| Net Cash Per Share | -51.21 | -51.05 | -48.51 | -44.98 | -37.91 | -32.53 |
| Filing Date Shares Outstanding | 684.18M | 684.06M | 663.29M | 665.28M | 646.04M | 645.75M |
| Total Common Shares Outstanding | 684.18M | 684.06M | 663.29M | 665.28M | 646.04M | 645.75M |
| Working Capital | -2.65B | -9.40B | -5.73B | -3.43B | -760.00M | -333.00M |
| Book Value Per Share | 12.46 | 12.98 | 12.63 | 13.80 | 14.87 | 14.88 |
| Tangible Book Value | 3.22B | 3.59B | 3.68B | 7.81B | 8.46B | 9.02B |
| Tangible Book Value Per Share | 3.63 | 4.18 | 4.44 | 10.86 | 12.19 | 13.04 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -80.00M | 55.00M | -390.00M | -30.00M | -222.00M | -301.00M |
| Depreciation & Amortization | 2.34B | 2.42B | 2.01B | 1.86B | 1.60B | 1.51B |
| Loss (Gain) on Equity Investments | 194.00M | 269.00M | 178.00M | -128.00M | -7.00M | 56.00M |
| Change in Accounts Receivable | -633.00M | -633.00M | -233.00M | 540.00M | -296.00M | -515.00M |
| Change in Accounts Payable | -55.00M | -55.00M | 120.00M | -60.00M | 109.00M | -282.00M |
| Change in Other Net Operating Assets | 267.00M | 263.00M | -175.00M | -5.00M | -26.00M | 83.00M |
| Other Operating Activities | -883.00M | -1.18B | -236.00M | -315.00M | 555.00M | 178.00M |
| Operating Cash Flow | 1.06B | 1.15B | 1.27B | 1.86B | 1.71B | 734.00M |
| Capital Expenditures | -6.15B | -6.59B | -3.73B | -2.81B | -2.19B | -1.97B |
| Sale of Property, Plant & Equipment | 3.72B | 2.82B | 1.09B | 217.00M | 140.00M | 827.00M |
| Cash Acquisitions | -6.00M | -4.43B | -2.94B | -791.00M | -2.45B | -1.43B |
| Investment in Securities | -368.00M | -74.00M | -1.19B | -938.00M | -658.00M | 108.00M |
| Other Investing Activities | -390.00M | -368.00M | -34.00M | -35.00M | 94.00M | -86.00M |
| Investing Cash Flow | -3.19B | -8.65B | -6.80B | -4.36B | -5.07B | -2.54B |
| Short-Term Debt Issued | 248.00M | 249.00M | ||||
| Long-Term Debt Issued | 23.17B | 17.59B | 9.28B | 11.31B | 8.06B | |
| Total Debt Issued | 19.24B | 23.17B | 17.84B | 9.28B | 11.56B | 8.06B |
| Short-Term Debt Repaid | -236.00M | -65.00M | -3.00M | |||
| Long-Term Debt Repaid | -14.77B | -10.12B | -7.59B | -7.44B | -5.29B | |
| Total Debt Repaid | -15.91B | -15.00B | -10.12B | -7.66B | -7.44B | -5.30B |
| Net Debt Issued (Repaid) | 3.34B | 8.16B | 7.71B | 1.62B | 4.12B | 2.77B |
| Issuance of Common Stock | 675.00M | 639.00M | 157.00M | 645.00M | ||
| Repurchase of Common Stock | -34.00M | -182.00M | -43.00M | -252.00M | -153.00M | |
| Common Dividends Paid | -463.00M | -434.00M | -406.00M | -383.00M | -345.00M | -854.00M |
| Preferred Dividends Paid | -32.00M | -34.00M | -37.00M | -41.00M | -44.00M | -55.00M |
| Dividends Paid | -495.00M | -468.00M | -443.00M | -424.00M | -389.00M | -909.00M |
| Other Financing Activities | -1.20B | -1.88B | 403.00M | 797.00M | -110.00M | 436.00M |
| Financing Cash Flow | 2.33B | 6.42B | 7.65B | 2.60B | 3.49B | 2.14B |
| Foreign Exchange Rate Adjustments | 121.00M | -95.00M | 38.00M | -28.00M | -35.00M | |
| Miscellaneous Cash Flow Adjustments | -136.00M | -81.00M | -34.00M | -8.00M | -5.00M | |
| Net Cash Flow | 64.00M | -1.04B | 1.99B | 143.00M | 98.00M | 293.00M |
| Free Cash Flow | -5.09B | -5.44B | -2.46B | -944.00M | -479.00M | -1.23B |
| Free Cash Flow Margin | -80.03% | -84.91% | -41.85% | -18.74% | -10.17% | -30.10% |
| Free Cash Flow Per Share | -7.44 | -8.18 | -3.71 | -1.44 | -0.74 | -1.91 |
| Levered Free Cash Flow | -11.97B | -4.47B | 1.68B | -1.10B | -556.12M | -1.45B |
| Unlevered Free Cash Flow | -10.39B | -2.94B | 2.93B | -84.00M | 208.88M | -841.25M |
| Free Cash Flow After Leases | -5.09B | -5.44B | -2.46B | -944.00M | -479.00M | -1.23B |
| Cash Interest Paid | 2.42B | 2.41B | 1.92B | 1.35B | 1.14B | 877.00M |
| Cash Income Tax Paid | 275.00M | 176.00M | 112.00M | 194.00M | 112.00M | 71.00M |
| Change in Working Capital | -421.00M | -425.00M | -288.00M | 475.00M | -213.00M | -714.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 19.62B | 18.50B | 15.88B | 17.54B | 16.36B | 23.12B |
| Enterprise Value | 82.34B | 78.18B | 60.89B | 59.76B | 53.41B | 55.24B |
| PE Ratio | 336.41 | |||||
| PS Ratio | 3.09 | 2.89 | 2.70 | 3.48 | 3.47 | 5.64 |
| PB Ratio | 0.55 | 0.53 | 0.44 | 0.58 | 0.62 | 0.96 |
| P/OCF Ratio | 18.55 | 16.13 | 12.47 | 9.40 | 9.56 | 31.50 |
| EV/Sales Ratio | 12.95 | 12.20 | 10.36 | 11.86 | 11.34 | 13.49 |
| EV/EBITDA Ratio | 27.45 | 23.83 | 19.69 | 20.53 | 17.52 | 22.48 |
| EV/EBIT Ratio | 124.57 | 91.33 | 56.27 | 57.02 | 36.81 | 58.64 |
| Debt / Equity Ratio | 1.05 | 1.04 | 0.98 | 1.03 | 0.98 | 0.92 |
| Debt / EBITDA Ratio | 12.57 | 11.14 | 11.61 | 10.62 | 8.44 | 8.95 |
| Net Debt / Equity Ratio | 0.98 | 0.97 | 0.88 | 0.99 | 0.93 | 0.88 |
| Net Debt / EBITDA Ratio | 11.68 | 10.35 | 10.41 | 10.15 | 8.03 | 8.55 |
| Net Debt / FCF Ratio | -6.88 | -6.24 | -13.09 | -31.31 | -51.14 | -17.04 |
| Quick Ratio | 0.41 | 0.25 | 0.41 | 0.48 | 0.48 | 0.58 |
| Current Ratio | 0.80 | 0.57 | 0.61 | 0.57 | 0.85 | 0.90 |
| Asset Turnover | 0.07 | 0.07 | 0.07 | 0.07 | 0.08 | 0.08 |
| Return on Equity (ROE) | 0.40% | 1.99% | -0.03% | 2.19% | 0.55% | -0.29% |
| Return on Assets (ROA) | 0.42% | 0.55% | 0.79% | 0.93% | 1.51% | 1.11% |
| Return on Capital Employed (ROCE) | 0.80% | 1.10% | 1.30% | 1.50% | 2.50% | 1.80% |
| Earnings Yield | -0.41% | 0.30% | -2.46% | -0.17% | -1.36% | -1.30% |
| FCF Yield | -25.93% | -29.40% | -15.48% | -5.38% | -2.93% | -5.33% |
| Dividend Yield | 5.47% | 5.52% | 5.93% | 5.12% | 5.05% | 3.41% |
| Payout Ratio | 850.91% | |||||
| Buyback Yield / Dilution | -3.36% | -0.23% | -0.99% | -1.71% | -0.04% | -0.04% |
| Total Shareholder Return | 2.11% | 5.29% | 4.94% | 3.41% | 5.01% | 3.37% |