Brookfield Renewable Partners L.P.
- Open
- 31.21
- Day high
- 31.74
- Day low
- 31.21
- Prev close
- 31.73
- Volume
- 551K
- Mkt cap
- $9.4B
- P/E (TTM)
- 68.0
- EPS (TTM)
- $0.46
- P/B
- 2.1
- P/S
- 1.5
- Yield
- 4.95%
- Per share
- $1.55
Brookfield Renewable Partners L.P. (BEP) is a Utilities company listed on NYSE. The stock is up 25% over the past year. Drillr has 1 published research article covering BEP.
Brookfield Renewable Partners L.P. (BEP) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 3 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
BEP earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Jul 31, 2026 | $-0.35 | $-0.37 | -5.7% | $1.7B | +8.5% |
| May 1, 2026 | $-0.36 | $-0.40 | -11.1% | $1.5B | +0.1% |
| Jan 30, 2026 | $-0.34 | $0.54 | +258.8% | $1.6B | -8.0% |
| Nov 5, 2025 | $-0.45 | $-0.23 | +48.9% | $1.6B | -1.0% |
| Aug 1, 2025 | $-0.19 | $-0.22 | -15.8% | $1.7B | +4.7% |
| May 2, 2025 | $-0.26 | $-0.35 | -34.6% | $1.6B | -9.4% |
| Jan 31, 2025 | $-0.22 | $-0.06 | +72.7% | $1.4B | -8.6% |
| Nov 8, 2024 | $-0.26 | $-0.32 | -21.7% | $1.5B | -1.6% |
| Aug 2, 2024 | $0.13 | $-0.28 | -315.4% | $1.5B | -7.8% |
| May 3, 2024 | $-0.19 | $-0.23 | -24.3% | $1.5B | -11.0% |
| Feb 2, 2024 | $0.00 | $0.01 | +123.7% | $1.4B | +24.7% |
| Nov 3, 2023 | $-0.01 | $-0.14 | -2233.3% | $1.2B | +14.8% |
Brookfield Renewable Partners L.P. company profile
Overview
Brookfield Renewable Partners L.P. (NYSE:BEP) is a leading global renewable energy company that owns and operates one of the world's largest portfolios of renewable power generating facilities. Founded in 1999 and headquartered in Hamilton, Bermuda, the company was originally known as Brookfield Renewable Energy Partners L.P. before changing its name in May 2016. The partnership went public in 2005 and has since grown into a major player in the renewable energy sector, with approximately 45,000 megawatts of operating capacity across hydroelectric, wind, solar, storage, and other clean energy technologies spanning North America, South America, Europe, and Asia.
Business
Brookfield Renewable Partners operates as a renewable energy infrastructure company that owns, operates, and develops clean power generation facilities worldwide. The company's business spans multiple renewable energy technologies and geographic markets, making it one of the most diversified renewable energy platforms globally. The company's portfolio consists of several key segments. Hydroelectric power represents the foundation of their business, utilizing water flow through dams and other structures to generate electricity. These facilities provide stable, long-term cash flows due to their multi-decade operational lives and predictable water resources. Wind power operations include both onshore and offshore wind farms that convert wind energy into electricity through turbine technology. Solar power facilities use photovoltaic panels to convert sunlight directly into electricity, representing one of the fastest-growing segments of their portfolio. The company also operates in distributed energy and storage, which includes smaller-scale renewable installations closer to end users, as well as battery storage systems that can store renewable energy for later use when the sun isn't shining or wind isn't blowing. Their sustainable solutions segment encompasses newer technologies including their ownership of Westinghouse Electric, a nuclear services company, and investments in carbon capture, renewable natural gas, and other emerging clean technologies. Geographically, the company maintains significant presence across North America (United States and Canada), South America (primarily Brazil and Colombia), Europe, India, and China. This geographic diversification helps mitigate regional weather patterns, regulatory risks, and market conditions. Approximately 90% of the company's power generation is sold under long-term contracts averaging 14 years in duration, providing predictable revenue streams with about 70% of revenues indexed to inflation for additional protection against cost increases.
Revenue model
Brookfield Renewable Partners generates revenue primarily through long-term power purchase agreements (PPAs) where they sell electricity to utilities, corporations, and government entities under contracts typically spanning 10-25 years. These contracts provide stable, predictable cash flows as customers pay fixed or escalating rates for the renewable energy produced by BEP's facilities. The company's revenue model benefits from several key characteristics. Most contracts include inflation indexation, meaning prices automatically adjust upward with inflation, protecting against rising costs. Many agreements also include pass-through mechanisms that allow BEP to recover certain cost increases from customers. The company increasingly focuses on corporate power purchase agreements with technology companies like Microsoft, which require large amounts of clean energy for data centers and computing operations. BEP's profitability is influenced by several factors that can increase or decrease margins. Favorable factors include growing demand for renewable energy driven by corporate sustainability commitments and artificial intelligence power needs, declining technology costs for solar and wind equipment, and supportive government policies including tax credits and renewable energy mandates. The company's global diversification helps smooth out regional weather variations that affect power generation. Challenging factors include supply chain disruptions that can increase equipment costs and delay project construction, potential changes in government incentives or trade policies affecting renewable energy economics, and interest rate increases that raise the cost of financing new projects. Weather patterns, while diversified globally, can still impact generation volumes and revenues in any given period. Competition for development sites and power purchase agreements has intensified as more companies enter the renewable energy market, potentially pressuring contract pricing and development margins.
Competitive moat
Brookfield Renewable Partners possesses a moderately strong economic moat built primarily around scale advantages, long-term contracted cash flows, and operational expertise, though the renewable energy sector faces increasing competitive pressures. The company's primary competitive advantage stems from its massive scale and global diversification. With 45,000 megawatts of operating capacity across multiple technologies and continents, BEP can offer corporate customers comprehensive renewable energy solutions that smaller competitors cannot match. This scale enables bulk procurement of equipment, shared operational expertise across regions, and the ability to provide large-scale power packages that major technology companies require for their data center operations. Long-term contracted revenues provide another layer of protection, with 90% of generation sold under contracts averaging 14 years. These agreements create predictable cash flows and reduce exposure to volatile electricity spot prices. The company's relationships with large corporate customers like Microsoft, built through framework agreements for multi-gigawatt renewable energy delivery, create switching costs and competitive barriers for new entrants. However, the renewable energy sector faces significant competitive threats. Commoditization pressures are increasing as solar and wind technologies become more standardized and widely available. Utility-scale renewable development is becoming increasingly competitive, with numerous well-capitalized players including traditional utilities, independent power producers, and new entrants backed by private equity and infrastructure funds. Regulatory and policy risks represent another vulnerability, as changes in government incentives, trade policies, or environmental regulations can significantly impact project economics. The company's exposure to permitting delays, grid interconnection challenges, and evolving market structures in different jurisdictions creates ongoing execution risks that could erode competitive positioning over time.
Risks & safety
Brookfield Renewable Partners presents moderate financial risk with adequate liquidity but high leverage typical of infrastructure companies. • Liquidity position: $4.5 billion in available liquidity provides substantial financial flexibility for operations and growth investments • Cash flow stability: Positive operating cash flow of $387 million in Q1 2025, though free cash flow remains negative at -$1.159 billion due to heavy capital expenditures for growth projects • Debt levels: High total liabilities of $61.7 billion against $95.3 billion in total assets, though most debt is non-recourse project-level financing secured by specific assets • Current ratio concern: Low current ratio of 0.51 indicates potential short-term liquidity pressures, though this is partially mitigated by the long-term contracted nature of revenues • Valuation metrics: EV/EBITDA of 10.1x appears reasonable for a stable infrastructure business with long-term contracts • Solvency assessment: While leverage is high, the asset-backed nature of most debt and long-term contracted cash flows provide reasonable downside protection • Other considerations: The partnership structure provides tax advantages, and the company's track record of 12+ consecutive years of distribution growth demonstrates management's commitment to shareholder returns
Recent development
Over the past few years, Brookfield Renewable Partners has executed several major strategic initiatives to position itself as a comprehensive clean energy solutions provider. The company completed the acquisition of Westinghouse Electric, expanding beyond traditional renewable generation into nuclear services, which provides exposure to the growing demand for nuclear power as a clean baseload energy source. The company has significantly expanded its scale through major acquisitions including Deriva Energy (formerly Duke Energy Renewables) and completing the acquisition of the remaining 50% stake in X-Elio, a Spanish solar developer. These transactions expanded BEP's U.S. renewable platform to over 74,000 megawatts of operating and development capacity. The company also made strategic investments in emerging markets, particularly in India through investments in CleanMax and Avaada. A landmark development was the framework agreement with Microsoft to deliver over 10.5 gigawatts of new renewable energy capacity between 2026-2030, representing one of the largest corporate renewable energy agreements ever signed. This agreement demonstrates BEP's ability to serve the massive power demands of technology companies expanding their data center operations for cloud computing and artificial intelligence applications. The company has also diversified into emerging clean technologies including carbon capture solutions, renewable natural gas through California Bioenergy, and expanded storage capabilities. Recent operational achievements include commissioning approximately 800 megawatts of new renewable capacity in Q1 2025 and completing the privatization of Naoen, a Japanese renewable energy company. BEP has maintained strong capital recycling discipline, targeting $3 billion in asset sales while continuing to invest in high-growth opportunities, particularly in distributed energy and storage solutions where funds from operations more than doubled year-over-year.
BEP company profile · for informational purposes only — not investment advice.
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