Brookfield Renewable Partners reports Q2 FFO 48c vs. 46c last year

Reports Q2 revenue $1.2B, consensus $1.26B. Reports Q2 EPS (10c), consensus (3c). “Our business performed well this quarter building on the strong start to 2023, delivering year-to-date double digit FFO growth. We also agreed to acquire Duke Energy Renewables, a scale operating platform generating strong cash flows, and continued to advance our development activities and are on track to deliver 5,000 megawatts of new capacity this year,” said Connor Teskey, CEO of Brookfield Renewable. “Our ability to execute and drive growth across the development spectrum is a testament to our diverse and global franchise. Corporate demand for green power continues to accelerate, creating an environment that will increasingly differentiate market participants and favor businesses like ours that have the ability to provide a wide set of scale green power and decarbonization solutions.”