Brookfield Renewable Partners(BEP)
$29.98+0.40 (+1.35%)
BEP
Brookfield Renewable Partners earnings date
$29.98
At close:+0.40 (+1.35%)
Brookfield Renewable Partners (BEP) Q3 2026 Earnings Report
2,967 Followers
BEP Q3 2026 EPS Results
- Actual EPS
- -$0.52
- Consensus EPS
- -$0.41
- Beat/Miss
- Missed by -$0.11
- One Year Ago EPS
- -$0.23
BEP Q3 2026 Revenue Results
- Actual Revenue
- $1.76B
- Expected Revenue
- $1.46B
- Beat/Miss
- Beat by +$302.40M
- YoY Revenue Growth
- +12.90%
Earnings Announcement Details
- Quarter
- Q3 2026
- Date
- 11/04/2026
- Time
- Before Open
- Conference Call
- Wednesday, November 4, 2026
BEP Upcoming Earnings
Brookfield Renewable Partners's next earnings date is estimated for January 29, 2027, based on past reporting schedules.
Q3 2026 Earnings Call Audio
BEP Q3 2026 Earnings Call
0:00 / 0:00
Q3 2026 Earnings Slide Deck
Q3 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call was strongly positive, led by record FFO growth, substantial liquidity, continued capacity additions, successful acquisitions, strong capital recycling returns, and favorable long-term demand for renewable energy, storage, and nuclear power. The main challenges were weaker hydrology linked to El Nino, weak merchant battery pricing in ERCOT, lower-end distribution growth guidance, and insufficient participation to approve the proposed corporate simplification.
Company Guidance
Brookfield Renewable said it remains on track to ramp up its run rate of 10 gigawatts of commissioned capacity by 2027 and expects to finish 2026 with earnings growth in line with or ahead of its long term targets; it expects to deliver on its target 10%-plus FFO per unit growth and 5% to 9% distribution growth targets, with dividend growth probably on the lower end of 5% to 9%, and in 2027 expects to be at about a 10 gigawatt run rate for commissioning of new capacity, with energy storage somewhere between a third and 50% of that. It expects to sign 20-year inflation linked power purchase agreements for an 800-megawatt portfolio before year end, while standalone storage returns are expected to be at or above the high end of its target range.
- Record FFO GrowthThird-quarter FFO reached a record $346 million, or $0.51 per unit, increasing 15% year over year and 11% on a per-unit basis. Last-twelve-month FFO was $1.488 billion, or $2.18 per unit, up 15% and 12%, respectively.
- Strong Liquidity and Financial PositionBrookfield Renewable ended the quarter with $5.1 billion of available liquidity and completed approximately $10 billion of financings during the quarter.
- Significant Growth Investment and Capacity CommissioningThe company invested or committed $3 billion to growth during the quarter, including $700 million net to BEP, and commissioned 2.5 gigawatts of new capacity. It remains on track to reach a 10-gigawatt run rate of commissioned capacity by 2027.
- Advanced Pipeline ProgressBrookfield Renewable signed power purchase agreements for 1.6 gigawatts of additional projects, further derisking its advanced development pipeline.
- Scaling Capital Recycling ProgramSince the end of the second quarter, the company agreed to or closed asset sales expected to generate approximately $2.8 billion of proceeds, or $850 million net to BEP, at strong returns. Management described capital recycling as a recurring and growing earnings driver.
- Above-Target Capital Recycling ReturnsManagement stated that capital recycling completed over the last 12 to 18 months generated average returns in the mid to high teens, above the high end of the company's 12% to 15% total return target range, and expressed high conviction in sustaining those returns.
- Resilient Contracted and Inflation-Linked Business ModelThe company said substantially all existing proportionate debt is fixed rate, while 70% of revenues have inflation linkage. Management stated that new developments are underwritten using prevailing interest rates with financing costs passed through into contract prices while preserving target returns.
- Favorable Power Demand EnvironmentGlobal power demand continues to outpace new supply, driven by electrification, reindustrialization, and digitalization. Management said the resulting supply-demand imbalance is supporting demand for renewable generation, battery storage, and nuclear power.
- Westinghouse Nuclear Growth OpportunityWestinghouse signed a strategic framework agreement with the U.S. federal government and the Republic of Korea contemplating up to $120 billion of Korean investment to support eight large-scale reactors on federal sites, including six Westinghouse AP1000 reactors and two Korean APR1400 reactors. The framework is subject to final negotiations and is expected to support long-term design, engineering, procurement, fuel, and maintenance revenues for Westinghouse.
- Boralex and IPA Acquisitions ClosedThe company closed its acquisition of Boralex and, subsequent to quarter end, closed the acquisition of IPA, described as the largest stand-alone battery storage platform in North America. Management said both acquisitions strengthen its capabilities in renewable energy and battery storage.
- Battery Storage ExpansionIPA signed three new power purchase agreements totaling approximately 900 megawatts at or above underwriting expectations. Across its platforms, Brookfield Renewable has delivered almost 600 megawatts of battery capacity year to date, including contracted hybrid projects in Australia and Europe and stand-alone batteries in the United States and Canada.
- Strong Battery Storage Return ProfileManagement expects standalone battery storage development returns to be at or above the high end of its target range. Batteries are increasingly being contracted under 15-, 20-, and 20-plus-year take-or-pay, tolling, or capacity arrangements, while hybrid projects can leverage existing infrastructure or provide round-the-clock power solutions.
- Westinghouse Operating Business GrowthYear-to-date adjusted EBITDA from Westinghouse's operating plants business increased more than 20%, reflecting strong underlying demand for nuclear fuel and services.
- Strong Segment ContributionsThe hydroelectric business generated $214 million of FFO, wind and solar generated $243 million, and distributed energy, storage, and sustainable solutions contributed $54 million. Hydro results benefited from realized gains on asset sales, while wind and solar benefited from record capacity commissioned over the last 12 months and asset-sale gains.
- Successful India Investment MonetizationBrookfield Renewable monetized its investment in Nevada, one of its Indian renewable platforms, for approximately $570 million, or $125 million net to BEP. The platform grew operating renewable capacity from 4 to more than 7 gigawatts and added 3 gigawatts of annual solar module manufacturing capacity. The sale exited the investment at the maximum of its structured return range and above target return expectations.
- Green Bond Financing at Attractive TermsThe company raised $750 million of green bonds across five- and 10-year tranches. Strong investor demand allowed the offering to be upsized and priced at the tight end of the expected range, at rates below comparable existing notes.
- Hydro Recontraction ProgressBrookfield Renewable is advancing the recontracting of an 800-megawatt Ontario hydro portfolio under 20-year, inflation-linked power purchase agreements. Management expects to sign the contracts before year end and is progressing related financings in parallel.
- Positive Earnings and Distribution OutlookManagement expects to finish 2026 with earnings growth in line with or ahead of long-term targets. The company continues to target 10%-plus FFO per unit growth and 5% to 9% distribution growth.
- Supply Chain Positioning for Battery GrowthManagement said global capacity additions are generally keeping pace with battery storage demand and that Brookfield Renewable's scale, global procurement, and framework agreements with major equipment suppliers provide a preferential position during periods of tighter supply.
- Business Resilience Across Policy and Market ConditionsManagement stated that the business is driven primarily by multi-decade demand trends and corporate power demand rather than any single government policy or administration. It also said the company remains positioned across nuclear, batteries, and low-cost renewables regardless of political outcomes.
BEP Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Jan 29, 2027 | 2026 (Q4) | -0.51- | 0.54 | ― | ― |
| Nov 04, 2026 | 2026 (Q3) | -0.41-0.52 | -0.23 | -126.09% (-0.29) | |
| Jul 31, 2026 | 2026 (Q2) | -0.33-0.37 | -0.22 | -68.18% (-0.15) | |
| May 01, 2026 | 2026 (Q1) | -0.23-0.40 | -0.35 | -14.29% (-0.05) | |
| Jan 30, 2026 | 2025 (Q4) | -0.360.54 | -0.06 | 1000.00% (+0.60) | |
| Nov 05, 2025 | 2025 (Q3) | -0.30-0.23 | -0.32 | 28.13% (+0.09) | |
| Aug 01, 2025 | 2025 (Q2) | -0.15-0.22 | -0.28 | 21.43% (+0.06) | |
| May 02, 2025 | 2025 (Q1) | -0.25-0.35 | -0.23 | -52.17% (-0.12) | |
| Jan 31, 2025 | 2024 (Q4) | -0.26-0.06 | 0.01 | -700.00% (-0.07) | |
| Nov 08, 2024 | 2024 (Q3) | -0.29-0.32 | -0.14 | -128.57% (-0.18) |
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat Missed
