Brookfield Renewable Partners reports Q4 FFO 38c vs. 35c last year

Reports Q4 EPS 1c, consensus (4c). Reports Q4 revenue $1.32B, consensus $1.07B. “2023 was a record year for our business on almost all metrics. We generated record FFO per unit, added almost 5,000 megawatts of capacity through development, and deployed or committed $9 billion into growth along with our partners. We delivered these results in a rising rate environment and one where supply chains were facing challenges, demonstrating how our access to scale capital and disciplined approach to development and underwriting differentiate our business and allows us to perform across market cycles,” said Connor Teskey, CEO of Brookfield Renewable. “Going forward we are well positioned to continue benefiting from accelerating demand for clean power from corporate customers, and specifically the large global technology companies, whose increasing appetite for clean power is being driven by data center demand, with securing clean energy now squarely on their critical path to growth.”