```markdown [Our Operations](index=3&type=section&id=Our_Operations) Brookfield Renewable operates a diversified global portfolio of approximately **35,200 MW** renewable power and **200,000 MW** development pipeline, including sustainable solutions like CCS and RNG - The company's renewable power portfolio has an operating capacity of approximately **35,200 MW** and a development pipeline of approximately **200,000 MW**[3](index=3&type=chunk) - The sustainable solutions portfolio includes investments in a nuclear services business, carbon capture and storage (CCS) with **57 TMTPA** operating capacity and a **20 MMTPA** development pipeline, and renewable natural gas (RNG) with **4 million MMBtu** operating capacity and an **8.1 million MMBtu** development pipeline[3](index=3&type=chunk) Portfolio Capacity by Technology (as of September 30, 2024) | Technology | Capacity (MW) | Annualized LTA (GWh) | Storage Capacity (GWh) | | :--- | :--- | :--- | :--- | | Hydroelectric | 8,306 | 38,111 | 7,523 | | Wind | 11,802 | 35,565 | — | | Utility-scale solar | 7,641 | 16,319 | — | | Distributed generation & storage | 6,032 | 4,087 | 5,220 | | **Total Renewable Power** | **33,781** | **94,082** | **12,743** | Annualized Long-Term Average (LTA) Generation by Quarter (Consolidated, GWh) | Quarter | Hydroelectric | Wind | Utility-scale solar | Distributed generation & storage | Total | | :--- | :--- | :--- | :--- | :--- | :--- | | Q1 | 9,513 | 9,174 | 3,470 | 923 | 23,080 | | Q2 | 10,198 | 9,147 | 4,609 | 1,189 | 25,143 | | Q3 | 8,583 | 7,901 | 4,838 | 1,128 | 22,450 | | Q4 | 9,817 | 9,343 | 3,402 | 847 | 23,409 | | **Total** | **38,111** | **35,565** | **16,319** | **4,087** | **94,082** | [Letter to Unitholders](index=6&type=section&id=Letter_to_Unitholders) The CEO reports strong Q3 operating results with **11% FFO per unit growth**, driven by strategic growth investments, asset recycling, and capitalizing on accelerating electricity demand from digitalization and AI Q3 2024 Highlights | Metric | Value | Source | | :--- | :--- | :--- | | FFO ($M) | 278 | 11% increase from prior year | | FFO per Unit ($) | 0.42 | | | Capital Deployed/Committed ($B) | 2.3 ($0.5 net) | Further business diversification | | New Capacity Commissioned (MW) | ~1,200 | Record ~7,000 MW expected for the full year | | Year-to-Date Asset Sale Proceeds ($B) | Over 2.3 ($1.0 net) | ~25% IRR, 2.5x multiple on invested capital | - The energy demand outlook is accelerating, with power becoming a bottleneck for data center and AI development. The company is well-positioned with a **200,000 MW** renewable project pipeline, **90%** of which is in top ten data center markets[8](index=8&type=chunk)[10](index=10&type=chunk) - Significant asset recycling activities were executed, demonstrating a strong market for high-quality renewable assets: - **Saeta (Spain/Portugal):** Sold for **$730 million** (**$430 million net**), generating **3.0x** invested capital over a six-year hold - **First Hydro (U.K.):** Interest sold for **$350 million** (**$100 million net**), generating over **3.5x** invested capital since 2017 - **Shepherds Flat (U.S. Wind):** **50%** interest sold for **$415 million** (**$105 million net**), generating almost **2.0x** invested capital on the portion sold - **India Portfolio:** Agreement to sell a **~1,600 MW** portfolio, completing the first full-cycle investment in the country[18](index=18&type=chunk)[19](index=19&type=chunk)[20](index=20&type=chunk) - New growth investments were made in sectors with de-risked cash flows: - **Offshore Wind:** Partnered with Ørsted to acquire a **12%** interest in a **~3,500 MW** operating portfolio in the U.K. for **~$2.3 billion** enterprise value - **eFuels:** Strategic partnership with Infinium to invest up to **$1.1 billion**, funding a fully-contracted production facility in West Texas[28](index=28&type=chunk)[31](index=31&type=chunk) - The company maintains a strong balance sheet with **$4.6 billion** of available liquidity and expects to achieve its **10%+ FFO per unit growth target** for 2024[14](index=14&type=chunk)[32](index=32&type=chunk)[37](index=37&type=chunk) [Our Competitive Strengths](index=11&type=section&id=Our_Competitive_Strengths) Brookfield Renewable, a leading decarbonization business, leverages its diversified portfolio, strong financial profile, and disciplined investment approach to deliver consistent distribution growth - The company is one of the largest public decarbonization businesses with a 23-year track record, **~35,200 MW** of installed capacity, and a **~200,000 MW** development pipeline[42](index=42&type=chunk) - Maintains a strong financial profile with an investment-grade rating, **$4.6 billion** in available liquidity, and a conservative financing strategy where **~90%** of debt is non-recourse and fixed-rate[45](index=45&type=chunk) - The portfolio is diverse and high-quality, with hydroelectric power being a premium technology due to its long life and high cash margins. Wind and solar offer exposure to the fastest-growing renewable sectors[47](index=47&type=chunk) - The business is focused on delivering **5% to 9%** annual distribution growth, funded by internally generated cash flows, inflation escalations in contracts, and accretive acquisitions[47](index=47&type=chunk) [Management's Discussion and Analysis](index=14&type=section&id=Management%27s_Discussion_and_Analysis) The MD&A reviews Brookfield Renewable's Q3 and YTD 2024 financial and operational performance, covering consolidated and proportionate results, liquidity, and critical accounting policies, including non-IFRS measures [Part 1 – Q3 2024 Highlights](index=15&type=section&id=Part_1_%E2%80%93_Q3_2024_Highlights) Q3 2024 saw FFO reach **$278 million** (**$0.42 per Unit**), driven by acquisitions and new projects, supported by **$4.6 billion** liquidity, **$2.3 billion** in asset sales, and a **200,000 MW** development pipeline Q3 2024 Select Financial & Operational Information | Metric | Q3 2024 | Q3 2023 | 9 Months 2024 | 9 Months 2023 | | :--- | :--- | :--- | :--- | :--- | | Revenues ($M) | 1,470 | 1,179 | 4,444 | 3,715 | | Net loss attributable to Unitholders ($M) | (181) | (64) | (455) | (135) | | Funds From Operations ($M) | 278 | 253 | 913 | 840 | | FFO per Unit ($) | 0.42 | 0.38 | 1.38 | 1.29 | | Capacity (MW) | 35,225 | 25,902 | 35,225 | 25,902 | - FFO of **$278 million** was driven by contributions from acquisitions, over **5,300 MW** of new development projects reaching commercial operation in the past 12 months, and strong all-in pricing[54](index=54&type=chunk) - Year-to-date asset sales exceeded **$2.3 billion** (**$1 billion net** to Brookfield Renewable), generating a **~25% IRR**. Key sales include a Spanish/Portuguese platform, a partial sale of a U.S. wind portfolio, and a U.K. pumped storage joint venture[55](index=55&type=chunk) - Committed to deploy **$2.3 billion** of capital (**$500 million net**), including a partnership with an eFuels manufacturer and an agreement to acquire a **12%** interest in a **~3.5 GW** U.K. offshore wind portfolio[57](index=57&type=chunk) - The development pipeline now stands at **200,000 MW**, with **~7,000 MW** expected to be commissioned in 2024, adding approximately **$90 million** of annual incremental FFO[58](index=58&type=chunk) [Part 2 – Financial Performance Review on Consolidated Information](index=18&type=section&id=Part_2_%E2%80%93_Financial_Performance_Review_on_Consolidated_Information) Q3 2024 revenues increased to **$1.47 billion**, but higher costs led to a **$39 million** net loss, while nine-month revenues grew to **$4.44 billion** resulting in a **$197 million** net loss Consolidated Financial Summary (in millions) | Item | Three months ended Sep 30, 2024 | Three months ended Sep 30, 2023 | Nine months ended Sep 30, 2024 | Nine months ended Sep 30, 2023 | | :--- | :--- | :--- | :--- | :--- | | Revenues ($M) | 1,470 | 1,179 | 4,444 | 3,715 | | Direct operating costs ($M) | (623) | (496) | (1,875) | (1,322) | | Interest expense ($M) | (514) | (370) | (1,479) | (1,166) | | Depreciation ($M) | (514) | (448) | (1,533) | (1,335) | | **Net income (loss) ($M)** | **(39)** | **24** | **(197)** | **352** | - **Q3 2024 vs Q3 2023:** Revenue increased by **$291 million** due to growth and inflation, but this was offset by a **$127 million** increase in direct operating costs and a **$144 million** increase in interest expense, resulting in a **$63 million** decrease in net income[61](index=61&type=chunk) - **Nine Months 2024 vs 2023:** Revenue increased by **$729 million**, primarily from acquisitions. This was offset by a **$553 million** rise in operating costs and a **$313 million** increase in interest expense, leading to a **$549 million** decrease in net income[63](index=63&type=chunk) [Part 3 – Additional Consolidated Financial Information](index=20&type=section&id=Part_3_%E2%80%93_Additional_Consolidated_Financial_Information) As of September 30, 2024, total assets were **$75.2 billion**, with **$2.6 billion** in assets held for sale, alongside details on related party transactions, BEPC reorganization, and equity structure Summary Consolidated Statements of Financial Position (in millions) | Account | September 30, 2024 | December 31, 2023 | | :--- | :--- | :--- | | Total assets ($M) | 75,173 | 76,128 | | Property, plant and equipment, at fair value ($M) | 61,389 | 64,005 | | Assets held for sale ($M) | 2,643 | — | | Total liabilities and equity ($M) | 75,173 | 76,128 | | Corporate borrowings ($M) | 4,160 | 2,833 | | Non-recourse borrowings ($M) | 25,307 | 26,869 | - Assets held for sale as of September 30, 2024, totaled **$2.64 billion**, including portfolios in the U.S., Brazil, U.K., Spain, Portugal, and India[67](index=67&type=chunk) - A corporate reorganization (the "Arrangement") is planned for BEPC to address proposed changes to Canadian tax law, expected to complete in **Q4 2024**[69](index=69&type=chunk)[257](index=257&type=chunk) - During the nine months ended September 30, 2024, the company repurchased and cancelled **2,279,654 LP units** for a total cost of **$52 million**[80](index=80&type=chunk) [Part 4 – Financial Performance Review on Proportionate Information](index=26&type=section&id=Part_4_%E2%80%93_Financial_Performance_Review_on_Proportionate_Information) Proportionate FFO for Q3 2024 increased to **$278 million**, driven by solar and distributed energy growth, offsetting declines in hydroelectric and wind, with **93%** of 2024 generation contracted Proportionate Results for the Three Months Ended September 30 (in millions) | Segment | Revenues 2024 ($M) | Adjusted EBITDA 2024 ($M) | FFO 2024 ($M) | FFO 2023 ($M) | | :--- | :--- | :--- | :--- | :--- | | Hydroelectric | 343 | 199 | 96 | 129 | | Wind | 133 | 109 | 80 | 95 | | Utility-scale solar | 145 | 158 | 127 | 51 | | Distributed energy & storage | 64 | 95 | 85 | 29 | | Sustainable solutions | 119 | 32 | 30 | 9 | | Corporate | — | (7) | (140) | (60) | | **Total** | **804** | **586** | **278** | **253** | - The hydroelectric segment's FFO decreased to **$96 million** from **$129 million** YoY, mainly due to lower resources in North America[84](index=84&type=chunk)[85](index=85&type=chunk) - The utility-scale solar segment's FFO increased significantly to **$127 million** from **$51 million** YoY, driven by newly acquired and commissioned facilities and stronger generation[90](index=90&type=chunk) - The company's power portfolio has a weighted-average remaining contract duration of **13 years**. For the remainder of 2024, **93%** of generation is contracted, decreasing to **80%** by 2028[101](index=101&type=chunk)[102](index=102&type=chunk) Reconciliation of Net Income (loss) to Funds From Operations (FFO) (in millions) | Line Item | Three months ended Sep 30, 2024 ($M) | Three months ended Sep 30, 2023 ($M) | | :--- | :--- | :--- | | Net income (loss) ($M) | (39) | 24 | | Depreciation ($M) | 514 | 448 | | Foreign exchange and financial instruments gain ($M) | (186) | (114) | | Other adjustments ($M) | 142 | 9 | | Amount attributable to equity accounted investments and non-controlling interest ($M) | (182) | (126) | | **Funds From Operations ($M)** | **278** | **253** | [Part 5 – Liquidity and Capital Resources](index=34&type=section&id=Part_5_%E2%80%93_Liquidity_and_Capital_Resources) Brookfield Renewable maintains **$4.6 billion** in liquidity, with **89%** non-recourse debt, and for nine months, operating cash flow was **$1.05 billion**, financing provided **$1.90 billion**, and investing used **$2.74 billion**, resulting in a **$187 million** increase in cash Capitalization Summary (as of September 30, 2024) | Metric | Corporate (%) | Consolidated (%) | | :--- | :--- | :--- | | Debt-to-total capitalization | 25 | 45 | | Debt-to-total capitalization (market value) | 13 | 39 | - Total available liquidity as of September 30, 2024, was **$4.55 billion**, comprising **$564 million** in cash, **$166 million** in marketable securities, and available credit facilities[106](index=106&type=chunk) Summary of Consolidated Cash Flows (Nine months ended Sep 30, in millions) | Activity | 2024 ($M) | 2023 ($M) | | :--- | :--- | :--- | | **Operating activities ($M)** | **1,053** | **1,408** | | **Financing activities ($M)** | **1,901** | **520** | | **Investing activities ($M)** | **(2,739)** | **(1,906)** | | Foreign exchange (loss) on cash ($M) | (28) | 14 | | **Increase in cash and cash equivalents ($M)** | **187** | **36** | - For the nine months ended Sep 30, 2024, investing activities included **$2.6 billion** for investment in property, plant, and equipment and **$109 million** for acquisitions, net of cash[114](index=114&type=chunk)[116](index=116&type=chunk) [Part 6 – Selected Quarterly Information](index=42&type=section&id=Part_6_%E2%80%93_Selected_Quarterly_Information) This section presents unaudited quarterly financial trends for the past eight quarters, highlighting FFO's general upward trend from **$225 million** in Q4 2022 to **$278 million** in Q3 2024, along with proportionate results Summary of Historical Quarterly Results (in millions, except per unit data) | Metric | Q3 2024 ($M) | Q2 2024 ($M) | Q1 2024 ($M) | Q4 2023 ($M) | Q3 2023 ($M) | Q2 2023 ($M) | Q1 2023 ($M) | Q4 2022 ($M) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Revenues | 1,470 | 1,482 | 1,492 | 1,323 | 1,179 | 1,205 | 1,331 | 1,196 | | Net loss attributable to Unitholders | (181) | (154) | (120) | 35 | (64) | (39) | (32) | (82) | | Funds From Operations | 278 | 339 | 296 | 255 | 253 | 312 | 275 | 225 | | FFO per Unit ($) | 0.42 | 0.51 | 0.45 | 0.38 | 0.38 | 0.48 | 0.43 | 0.35 | Proportionate Results for the Nine Months Ended September 30 (in millions) | Segment | Revenues 2024 ($M) | Adjusted EBITDA 2024 ($M) | FFO 2024 ($M) | FFO 2023 ($M) | | :--- | :--- | :--- | :--- | :--- | | Hydroelectric | 1,165 | 723 | 425 | 519 | | Wind | 457 | 366 | 270 | 279 | | Utility-scale solar | 358 | 365 | 279 | 168 | | **Total** | **2,509** | **1,790** | **913** | **840** | [Part 7 – Critical Estimates, Accounting Policies and Internal Controls](index=47&type=section&id=Part_7_%E2%80%93_Critical_Estimates_Accounting_Policies_and_Internal_Controls) The company's IFRS financial statements rely on critical estimates for asset valuation and taxes, with recent IAS amendments having no material impact, and no material changes to internal controls - Critical accounting estimates relate to the valuation of property, plant and equipment, financial instruments, deferred income tax liabilities, and goodwill, which rely on assumptions about future electricity prices, discount rates, and generation levels[134](index=134&type=chunk) - The company adopted amendments to IAS 12 (Pillar Two model rules) and IAS 1 (Presentation of Financial Statements) effective **January 1, 2024**, with no material impact noted[135](index=135&type=chunk)[136](index=136&type=chunk) - No material changes were made to internal control over financial reporting during the nine months ended September 30, 2024[138](index=138&type=chunk) [Part 8 – Presentation to Stakeholders and Performance Measurement](index=49&type=section&id=Part_8_%E2%80%93_Presentation_to_Stakeholders_and_Performance_Measurement) This section outlines Brookfield Renewable's reporting framework, including equity presentation, generation calculations, and the use of non-IFRS performance metrics like Adjusted EBITDA and FFO on a proportionate basis - The company uses non-IFRS measures like **Adjusted EBITDA** and **Funds From Operations (FFO)** to assess performance, as management believes they better reflect the underlying business by excluding certain non-cash or volatile items[147](index=147&type=chunk)[153](index=153&type=chunk) - Results are reported on a proportionate basis, which reflects Brookfield Renewable's economic share from all investments (consolidated and equity-accounted) to provide a perspective aligned with unitholder interests[149](index=149&type=chunk) - The company's operations are segmented by technology: 1) hydroelectric, 2) wind, 3) utility-scale solar, 4) distributed energy and storage, 5) sustainable solutions, and 6) corporate[147](index=147&type=chunk) [Part 9 – Cautionary Statements](index=53&type=section&id=Part_9_%E2%80%93_Cautionary_Statements) This section provides cautionary statements regarding forward-looking information, which is subject to risks, and clarifies that non-IFRS measures like Adjusted EBITDA and FFO are supplemental and not directly comparable - Forward-looking statements in the report are subject to risks and uncertainties, including economic conditions, energy market volatility, regulatory changes, and equipment failures, which could cause actual results to differ materially[156](index=156&type=chunk) - Non-IFRS measures like **Adjusted EBITDA** and **Funds From Operations** are used as supplemental measures and may not be comparable to similar measures used by other entities[159](index=159&type=chunk) [Consolidated Financial Statements](index=55&type=section&id=Consolidated_Financial_Statements) This section presents the unaudited interim consolidated financial statements for Q3 and YTD 2024, prepared under IFRS, including statements of financial position, income, comprehensive income, changes in equity, and cash flows [Consolidated Statements of Financial Position](index=55&type=section&id=Consolidated_Statements_of_Financial_Position) As of September 30, 2024, total assets were **$75.17 billion**, total liabilities **$47.22 billion** (including **$25.31 billion** non-recourse borrowings), and total equity **$27.95 billion** Consolidated Balance Sheet Summary (in millions) | Account | September 30, 2024 | December 31, 2023 | | :--- | :--- | :--- | | **Total Assets ($M)** | **75,173** | **76,128** | | Cash and cash equivalents ($M) | 1,266 | 1,141 | | Property, plant and equipment, at fair value ($M) | 61,389 | 64,005 | | Assets held for sale ($M) | 2,643 | — | | **Total Liabilities ($M)** | **47,220** | **46,149** | | Corporate borrowings ($M) | 4,160 | 2,833 | | Non-recourse borrowings ($M) | 25,307 | 26,869 | | **Total Equity ($M)** | **27,953** | **29,979** | [Consolidated Statements of Income (Loss)](index=56&type=section&id=Consolidated_Statements_of_Income_%28Loss%29) Q3 2024 saw a net loss of **$39 million** on **$1.47 billion** revenue, while the nine-month period resulted in a **$197 million** net loss on **$4.44 billion** revenue, with a **$0.32** basic loss per LP unit for Q3 Consolidated Income Statement Summary (in millions) | Metric | Three months ended Sep 30, 2024 ($M) | Nine months ended Sep 30, 2024 ($M) | | :--- | :--- | :--- | | Revenues | 1,470 | 4,444 | | Direct operating costs | (623) | (1,875) | | Interest expense | (514) | (1,479) | | Depreciation | (514) | (1,533) | | **Net income (loss)** | **(39)** | **(197)** | | Net loss attributable to Limited partners' equity | (92) | (238) | | **Basic and diluted loss per LP unit ($)** | **(0.32)** | **(0.83)** | [Consolidated Statements of Comprehensive Income (Loss)](index=57&type=section&id=Consolidated_Statements_of_Comprehensive_Income_%28Loss%29) Q3 2024 comprehensive income was **$192 million**, a positive shift from prior year, while the nine-month period reported a **$1.19 billion** comprehensive loss, largely due to foreign currency translation Consolidated Comprehensive Income (Loss) Summary (in millions) | Metric | Three months ended Sep 30, 2024 ($M) | Nine months ended Sep 30, 2024 ($M) | | :--- | :--- | :--- | | Net income (loss) | (39) | (197) | | Other comprehensive income (loss) | 231 | (993) | | **Comprehensive income (loss)** | **192** | **(1,190)** | [Consolidated Statements of Changes in Equity](index=58&type=section&id=Consolidated_Statements_of_Changes_in_Equity) Total equity decreased by **$2.03 billion** to **$27.95 billion** as of September 30, 2024, primarily due to net loss, other comprehensive losses, and **$1.38 billion** in distributions - Total equity decreased by **$2.03 billion** during the first nine months of 2024, from **$29.98 billion** to **$27.95 billion**[170](index=170&type=chunk) - Key drivers of the equity decrease were the net loss (**$197M**), other comprehensive loss (**$993M**), and distributions declared (**$1,376M**)[170](index=170&type=chunk) [Consolidated Statements of Cash Flows](index=60&type=section&id=Consolidated_Statements_of_Cash_Flows) For the nine months ended September 30, 2024, operating cash flow was **$1.05 billion**, financing activities provided **$1.90 billion**, and investing activities used **$2.74 billion**, resulting in a **$187 million** increase in cash Consolidated Cash Flow Summary (Nine months ended Sep 30, in millions) | Activity | 2024 ($M) | 2023 ($M) | | :--- | :--- | :--- | | **Operating activities ($M)** | **1,053** | **1,408** | | **Financing activities ($M)** | **1,901** | **520** | | **Investing activities ($M)** | **(2,739)** | **(1,906)** | | Foreign exchange (loss) on cash ($M) | (28) | 14 | | **Increase in cash and cash equivalents ($M)** | **187** | **36** | [Notes to the Unaudited Interim Consolidated Financial Statements](index=61&type=section&id=Notes_to_the_Unaudited_Interim_Consolidated_Financial_Statements) The notes provide detailed explanations of accounting policies and figures, covering acquisitions, asset disposals, **$2.6 billion** in assets held for sale, risk management, segment information, borrowings, and related party transactions - **Note 2 (Acquisitions):** Completed the acquisition of a **74%** interest in an India wind portfolio (**524 MW** operating, **2.75 GW** pipeline) and a South Korea distributed generation platform (**103 MW** operating/under construction, **2.2 GW** pipeline)[183](index=183&type=chunk)[184](index=184&type=chunk) - **Note 4 (Assets Held for Sale):** As of Sep 30, 2024, **$2.64 billion** in assets were classified as held for sale, including portfolios in the U.S., Brazil, U.K., Spain, and India[190](index=190&type=chunk) - **Note 9 (Borrowings):** Corporate borrowings increased to **$4.16 billion** from **$2.83 billion** at year-end 2023, partly due to new medium-term note issuances. Non-recourse borrowings decreased slightly to **$25.31 billion**[222](index=222&type=chunk)[227](index=227&type=chunk) - **Note 19 (Commitments):** The company has outstanding capital expenditure commitments of **$3.67 billion**, primarily for growth initiatives[250](index=250&type=chunk) - **Note 22 (Subsequent Events):** After the quarter, the company agreed to acquire a **12%** interest in a **~3.5 GW** U.K. offshore wind portfolio for an enterprise value of **~$2.3 billion** and agreed to sell a **1.6 GW** portfolio of wind and solar assets in India[261](index=261&type=chunk) ```

Wall Street analysts expect Brookfield Renewable Energy Partners (BEP) to post quarterly loss of $0.04 per share in its upcoming report, which indicates a year-over-year increase of 71.4%. Revenues are expected to be $843.18 million, up 35.3% from the year-ago quarter.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Prior to a company's earnings announc ...

Brookfield Renewable is adding to its already powerful growth profile.Brookfield Renewable (BEP -0.88%) (BEPC -0.58%) is an exceptional dividend stock. The renewable power company has grown its payout at a 6% compound annual rate for the last 20 years. It currently offers a high-yielding payout (more than 4.5% dividend yield) that should continue rising at a healthy rate in the future. Driving that view is the renewable energy company's robust growth outlook. Brookfield Renewable continues to add new power ...

Core Insights - Investing in a combination of Brookfield Renewable, Phillips 66, and the Global X SuperDividend U.S. ETF yields an average of 4.8% [1] Group 1: Brookfield Renewable - Brookfield Renewable has a growing portfolio of renewable energy assets, doubling its generating capacity to approximately 37 gigawatts (GW) since 2020, with 65 GW of advanced-stage projects in the pipeline [2] - The company targets a steady dividend growth of 5% to 9% in the foreseeable future, having increased its distribution at a 6% compound annual growth rate over the past 20 years [2] Group 2: Phillips 66 - Phillips 66 has experienced volatility in profits due to fluctuating crude prices and demand, but has seen a surge in refining stocks since 2021, although recent sales and margins have declined [3][4] - The company has a clear capital return strategy, targeting a total shareholder distribution yield of 9.1%, with 3.1% from dividends and 6% from share repurchases, which has increased to 3.5% as stock prices fell [4] - Phillips 66 consistently raises its dividend regardless of market conditions, making it a reliable high-yield dividend stock [6] Group 3: Global X SuperDividend U.S. ETF - The Global X SuperDividend U.S. ETF invests in a basket of 50 high-yield stocks, helping to diversify stock-specific risk while providing a monthly distribution [7] - The ETF is heavily weighted in specific sectors, with energy stocks at 20%, utilities at 19.6%, real estate at 18.6%, and consumer staples at 10.9%, which may pose sector-specific risks [8] - The ETF offers a 6% dividend yield, appealing to investors looking for high-yield opportunities in relatively mature industries [8]

Investors across the board are searching for the next big AI stock to propel their portfolio to the moon. However, it is noteworthy that not only are most of the AI ventures of companies (including mega corporations) currently High Dividend Opportunities, #1 On Seeking Alpha High Dividend Opportunities: The Income Method Interested in arowing uour income? HDO is the largest and most exciting community of income investors and retirees with over +8000 members. We are looking for more members to join our livel ...

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These energy companies should be able to continue growing their attractive dividends. The world will need a lot more energy in the future. New technologies, population growth, and an expanding middle class are all fueling the need for more energy. While cleaner sources like renewables will likely supply much of this new capacity, fossil fuels will also continue playing a vital role in fueling the global economy. There are many ways to capitalize on the growing need for energy. Brookfield Renewable (BEP 1.61 ...

If you are looking for dividends that keep flowing no matter what the energy market brings, these two stocks are right for you. There are two very big trends going on in the world when it comes to energy, but they might not be what you are expecting: The first is that the global population is growing. The second is that lower-income countries are moving up the socioeconomic ladder. These two trends are what you really need to understand when looking at the clean energy transition that's also happening right ...

Group 1: D.R. Horton - D.R. Horton is the largest U.S. homebuilder by volume, operating in 121 markets across 33 states [3] - Proposed policies by Kamala Harris aim to construct 3 million new homes over four years and provide $25,000 to first-time homebuyers, which would likely boost D.R. Horton's revenue [4] - A survey indicates that 70% of economists believe Harris' policies could lead to lower inflation, resulting in lower interest rates beneficial for D.R. Horton [5] - The U.S. housing shortage presents a long-term opportunity for D.R. Horton, regardless of election outcomes [6] Group 2: Brookfield Renewable - Brookfield Renewable is positioned to benefit from Democratic support for renewable energy, with plans to cut red tape for clean energy projects [7] - The company is one of the largest producers of clean energy, with an operating capacity of around 37 gigawatts, which has doubled since 2020 [9] - Renewable power is the lowest-cost energy alternative, and demand for electricity is rapidly increasing, particularly due to the growth of data centers [10] Group 3: UnitedHealth Group - UnitedHealth Group stands to benefit from proposed permanent tax credits for health insurance under the Affordable Care Act and accelerated Medicare drug price negotiations [11] - The company enrolled 10.2 million people in Medicare Part D plans last year, indicating its significant presence in the health insurance market [12] - An aging population is expected to drive growth for UnitedHealth Group, with a projected increase in Medicare enrollees by 2030 [13]

Two Brookfield entities are making changes to avoid additional costs. Brookfield Renewable (BEP 0.74%) (BEPC 1.32%) and Brookfield Infrastructure (BIP 1.61%) (BIPC 0.56%) have done a magnificent job providing their investors with lucrative and growing streams of income over the years. The affiliates of Canadian investment company Brookfield have increased their payouts annually for more than a decade. Meanwhile, each entity offers a high dividend yield -- around 5.5% for Brookfield Renewable and 4.8% for Br ...