BEP

MKT CAP:$10B

Brookfield Renewable Partners L.P.

Market Cap

$10B

Utilities·Renewable Utilities·🇧🇲 Bermuda·NYSE

Utilities·Renewable·🇧🇲·NYSE

Stock Price

$33.25+$5.32 (+19.05%)

Apr 22, 2026

Company Details

Brookfield Renewable Partners L.P. owns a portfolio of renewable power generating facilities primarily in North America, Colombia, Brazil, Europe, India, and China. The company generates electricity through hydroelectric, wind, solar, distr...

CEO

Connor David Teskey

IPO Date

Nov 15, 2005

Website

www.bep.brookfield.com

Key Metrics TTM

Revenue

$6.1B

+91.3% YoY

Net Income

$197M

EPS (Diluted)

$0.59

Free Cash Flow

-$3.7B

Revenue / Share

$21.32

Gross Margin

44.8%

Operating Margin

15.2%

Net Margin

3.2%

FCF Margin

-61.3%

P/S

1.7x

P/E

52.9x

Earnings Reports

Q1 2026

May 1, 2026

PENDING

FY 2025

Feb 27, 2026

$6.5BEPS -$0.07

Q4 2025

Feb 27, 2026

$1.6BEPS $1.45

Q1 2025

May 2, 2025

$1.6B+5.9%EPS -$0.35

Q2 2024

Aug 2, 2024

$1.5BEPS -$0.28

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 17	$608M	$365M	$142M
Q1 19	$825M	$571M	$252M
Q3 19	$897M	$594M	$240M
Q3 20	$867M	$586M	$521M
Q1 24	$1.5B	$858M	$311M
Q2 24	$1.5B	$864M	$294M
Q1 25	$1.6B	$905M	$273M
Q4 25	$1.6B	$111M	$49M

Valuation

Quarter	P/S	P/E
Q3 17	—	—
Q1 19	—	—
Q3 19	—	—
Q3 20	3.3x	—
Q1 24	1.6x	—
Q2 24	1.5x	—
Q1 25	1.2x	—
Q4 25	1.3x	39.3x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 17	$203M	$95M
Q1 19	$365M	$336M
Q3 19	$567M	$480M
Q3 20	$399M	$251M
Q1 24	$323M	-$514M
Q2 24	$232M	-$588M
Q1 25	$386M	-$1.2B
Q4 25	$345M	-$1.5B

Capital Expenditures

Quarter	CapEx
Q3 17	$108M
Q1 19	$29M
Q3 19	$87M
Q3 20	$147M
Q1 24	$836M
Q2 24	$820M
Q1 25	$1.5B
Q4 25	$1.8B

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 24	+145.4%	+153.4%
Q2 24	+79.6%	+107.3%
Q1 25	+76.1%	+98.9%
Q4 25	+80.2%	+337.5%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 17	$0	0.0%
Q1 19	$0	0.0%
Q3 19	$0	0.0%
Q3 20	$0	0.0%
Q1 24	$0	0.0%
Q2 24	$0	0.0%
Q1 25	$0	0.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	G&A	SG&A
Q3 17	$21M	—
Q1 19	$21M	—
Q3 19	$36M	—
Q3 20	$65M	—
Q1 24	$45M	—
Q2 24	$53M	—
Q4 25	—	$62M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$734M	$50M	$784M
Q2 22	$823M	$86M	$909M
Q3 22	$846M	$146M	$992M
Q4 22	$998M	$238M	$1.2B
Q1 23	$1.1B	$139M	$1.3B
Q2 23	$1.2B	$173M	$1.4B
Q3 23	$1.0B	$166M	$1.2B
Q4 23	$1.1B	$222M	$1.4B
Q1 24	$1.4B	$262M	$1.7B
Q2 24	$1.2B	$318M	$1.6B
Q3 24	$1.3B	$408M	$1.7B
Q4 24	$3.1B	$568M	$3.7B
Q1 25	$2.0B	$468M	$2.4B
Q2 25	$1.9B	$539M	$2.4B
Q3 25	$1.8B	$244M	$2.1B
Q4 25	$2.3B	$356M	$2.7B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 17	270M	—	—
Q1 19	268M	-0.8%	—
Q3 19	268M	+0.1%	—
Q3 20	317M	+18.2%	—
Q1 24	291M	-8.2%	+7.7%
Q2 24	285M	-2.1%	+6.3%
Q1 25	289M	+1.2%	+7.5%
Q4 25	287M	-0.6%	-9.5%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q3 17	$279.5K	2K
Q1 19	$354.8K	2K
Q3 19	$385.8K	2K
Q3 20	$333.5K	3K
Q1 24	$312.8K	5K
Q2 24	$310.7K	5K
Q1 25	$299.8K	5K
Q4 25	$266.2K	6K

Revenue / Employee