Brookfield Renewable Corporation (BEPC) came out with a quarterly loss of $0.06 per share versus the Zacks Consensus Estimate of a loss of $0.32. This compares to earnings of $0.01 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 81.25%. A quarter ago, it was expected that this company would post a loss of $0.28 per share when it actually produced a loss of $0.32, delivering a surprise of -14.29%.Over the last four quarters, th ...

Financial Performance - Brookfield Renewable reported record Funds From Operations (FFO) of $1,217 million or $1.83 per unit for the twelve months ended December 31, 2024, reflecting a 10% increase year-over-year[2][23]. - The company achieved Funds From Operations (FFO) of $794 million for the twelve months ended December 31, 2024, an increase from $716 million in 2023, reflecting a growth of approximately 10.9%[71]. - Adjusted EBITDA for the twelve months ended December 31, 2024, was $2,408 million, compared to $2,182 million in 2023, indicating a year-over-year increase of about 10.4%[65]. - Revenues for Q4 2024 reached $1.432 billion, up from $1.323 billion in Q4 2023, representing an increase of about 8.3%[55]. - Total revenues for the twelve months ended December 31, 2024, were $4,142 million, an increase of 4.4% from $3,967 million in 2023[75]. - The company reported a net income of $71 million for Q4 2024, compared to $67 million in Q4 2023, reflecting a growth of 6%[62]. - Net income for Q4 2024 was $188 million, a decrease from $264 million in Q4 2023, indicating a decline of approximately 28.8%[55]. - The net income (loss) for the fourth quarter of 2024 was reported at $(9) million, a significant decrease from $616 million in the same quarter of 2023[66]. - The company reported a foreign exchange and financial instruments loss of $880 million for the twelve months ended December 31, 2024, compared to a loss of $502 million in 2023[66]. - The company reported a foreign exchange and financial instrument gain of $160 million in Q4 2024, compared to a gain of $30 million in Q4 2023[76]. Investment and Growth - The company deployed or committed to deploy $12.5 billion into growth, marking its largest year for investment ever[4]. - The company expects to target 10%+ FFO per unit growth going forward, with almost 90% of generation contracted and approximately 70% of revenue linked to inflation[24]. - The company anticipates future growth driven by technology diversification and acquisition opportunities, aligning with global decarbonization targets[81]. - Brookfield Renewable secured contracts to deliver an incremental ~19,000 GWh per year of generation, including a landmark renewable energy framework agreement with Microsoft[4]. - The company developed approximately 7,000 megawatts of new renewable energy capacity and is on track to reach a ~10,000-megawatt run rate per annum by 2027[4]. Asset Management - Asset recycling generated $2.8 billion in proceeds, with a 2.5x multiple on invested capital and ~25% internal rate of return (IRR)[4][18]. - Total assets increased to $94.809 billion in 2024 from $76.128 billion in 2023, marking a growth of approximately 24.5%[52]. - Corporate borrowings rose to $3.802 billion in 2024 from $2.833 billion in 2023, an increase of about 34.2%[52]. - Brookfield Renewable's installed capacity totals approximately 46,000 megawatts, with a development pipeline of around 200,000 megawatts[45]. Segment Performance - The hydroelectric segment delivered FFO of $511 million, supported by stronger results from Colombian assets despite challenging hydrology conditions[27]. - The wind and solar segments generated a combined $833 million of FFO, up 30% from the prior year, benefiting from recent acquisitions[30]. - The distributed energy, storage, and sustainable solutions segments generated a combined $329 million of FFO, up 78% year-over-year[31]. - North America hydroelectric generation decreased to 1,880 GWh in Q4 2024 from 2,456 GWh in Q4 2023, reflecting a decline of 23.4%[59]. - Wind generation increased to 2,289 GWh in Q4 2024, a rise of 15.7% from 1,978 GWh in Q4 2023[60]. - Total renewable generation for Q4 2024 was 6,868 GWh, a decrease of 2.5% from 7,045 GWh in Q4 2023[59]. - For the twelve months ended December 31, 2024, total renewable generation was 30,947 GWh, a 6.4% increase from 29,082 GWh in 2023[61]. - Brazil's hydroelectric generation for Q4 2024 was 904 GWh, slightly up from 892 GWh in Q4 2023, indicating a growth of 1.3%[60]. Liquidity and Financial Position - Brookfield Renewable ended the year with over $4.3 billion of available liquidity, maintaining a strong balance sheet[33]. - Brookfield Renewable's cash and cash equivalents increased to $3.135 billion in 2024 from $1.141 billion in 2023, a growth of approximately 174.5%[52]. - The balance of cash and cash equivalents at the end of the period was $624 million, a decrease from $627 million at the end of the previous period[79]. - The company maintains a Distribution Reinvestment Plan (DRIP) for Canadian residents to reinvest cash distributions without commissions[43]. Leadership and Governance - Brookfield Renewable Partners appointed Jennifer Mazin and Wyatt Hartley as Co-Presidents to enhance global business scaling and capabilities[36]. Dividends and Distributions - The next quarterly distribution is set at $0.373 per LP unit, reflecting over a 5% increase, totaling an annual distribution of $1.492 per unit[39]. - The company declared a quarterly dividend of $0.373 per class A exchangeable subordinate voting share, payable on March 31, 2025[68].

If you have $200 available to invest that isn't needed for monthly bills or to pay down short-term debt, you might want to put it toward adding a few shares of Brookfield Renewable (BEP 2.84%) (BEPC 2.40%) to your portfolio. There are multiple reasons why you might want to do this, including the high yield this energy investment is offering right now.If you are an income investor, here's why Brookfield Renewable should be on your shortlist today.What does Brookfield Renewable do?As Brookfield Renewable's na ...

Core Investment Insights - High-yield dividend stocks provide solid base returns through dividend income, making them attractive even without rapid growth [1] - Black Hills, Brookfield Renewable, and Brookfield Infrastructure are highlighted as top high-yield dividend stocks for 2025 and beyond [2] Black Hills Overview - Black Hills offers a 4.5% dividend yield, which is high compared to the average utility yield of 2.7%, indicating the stock may be undervalued [3] - The company has an investment-grade balance sheet and plans to invest $4.3 billion over the next five years, with expected earnings growth of 4% to 6% annually [4] - Black Hills has a 54-year history of annual dividend increases, qualifying it as a Dividend King, making it a reliable investment option [5] Brookfield Renewable Overview - Brookfield Renewable has a dividend yield of around 5.2%, significantly higher than the S&P 500's yield of about 1.2% [6] - The company has achieved a 6% compound annual growth rate in dividend payouts over the last 20 years, targeting 5% to 9% annual growth moving forward [7] - Brookfield expects 4% to 7% annual funds from operations (FFO) per share growth, supported by a backlog of approximately 200 gigawatts of renewable energy projects [8] - The company anticipates commissioning about 10 gigawatts of projects annually, contributing to an expected FFO per share growth of over 10% annually for the next several years [9] - The combination of high dividend yield and growth potential positions Brookfield Renewable as a strong investment choice [10] Brookfield Infrastructure Overview - Brookfield Infrastructure has consistently raised its dividend since 2009, with a compound annual growth rate of 9% through 2024 [11] - The company reported a 7% growth in FFO per unit during the first nine months of 2024, indicating strong performance [12] - Recent acquisitions, including telecom tower sites in India and stakes in logistics companies, have positioned Brookfield Infrastructure to capitalize on megatrends like digitalization [13] - The company targets 5% to 9% annual dividend per share growth, with current yields of 4% for BIPC and 4.9% for BIP, making it an attractive investment [14]

Jason Hall has positions in Brookfield Renewable Partners. Tyler Crowe has no position in any of the stocks mentioned. The Motley Fool recommends Brookfield Renewable and Brookfield Renewable Partners. The Motley Fool has a disclosure policy. Jason Hall is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley ...

Dividend stocks can be phenomenal long-term investments. They produce dividend income and deliver a rising stock price as they grow their profits. Those two factors can combine to produce strong total returns, which can really add up over the years. For example, a stock delivering a 10% annual total return can double your money every seven years. Brookfield Renewable (BEPC 1.95%) (BEP -1.34%) and Enbridge (ENB -0.44%) are great stocks for those seeking a high dividend yield. They also have excellent growth ...

These growth stocks could continue producing robust returns.The stock market has surged to new highs this year. A combination of falling interest rates, optimism about the economy, and clarity following the election have put a charge in most stocks.Many stocks still appear to have plenty of room to run even higher. Cameco (CCJ -1.94%), Brookfield Renewable (BEPC 1.03%) (BEP 0.80%), and Brookfield Infrastructure (BIPC 0.47%) (BIP 0.23%) stand out to a few Fool.com contributors for their upside potential even ...

B https://files.reportify.cc/media/production/BEPC39061966eb028ebcf8272d12cf52b526.gif BROOKFIELD RENEWABLE CORPORATION CONSOLIDATED STATEMENTS OF FINANCIAL POSITION | --- | --- | --- | --- | --- | |-------------------------------------------------------------------------------------------------------------------------|-------|-------|------------------------|-----------------------| | UNAUDITED (MILLIONS) | Notes | | September 30, 2024 | December 31, 2023 | | Assets | | | | | | Current assets | | | | | | C ...

Financial Data and Key Metrics - Record funds from operations (FFO) for Q3 2024, driven by asset development, recent acquisitions, and strong pricing [6] - FFO per unit growth target of 10%+ for 2024 remains on track [6] - Generated $278 million in FFO for Q3 2024, up 11% YoY, with $0.42 per unit [30] - $4.6 billion of available liquidity at the end of Q3 2024 [33] - $30 billion in financing expected for 2024, generating $700 million in up-financing [34] Business Line Performance - Hydroelectric segment benefited from solid generation and strong demand, with two new contracts signed at an average price of $90/MWh for 15 years [31] - Wind, solar, distributed energy, and sustainable solutions segments delivered record results, supported by acquisitions and development activities [32] - Nuclear services business, Westinghouse, continued to perform well [32] Market Performance - Diversified across top 10 global data center markets, with 90% of the 200,000 MW renewable power project pipeline located in these markets [11] - Strong demand for clean power driven by corporate off-takers, particularly in data centers and AI development [7][8] - Offshore wind investment with Ørsted, acquiring a 12% interest in a 3,500 MW portfolio in the UK for $2.3 billion [18] Strategic Direction and Industry Competition - Focus on low-cost, mature technologies to meet accelerating electricity demand from digitalization and electrification [6] - Positioned to benefit from increasing demand for clean power, particularly from large tech companies [7][8] - Insulated from regulatory or subsidy changes due to focus on corporate demand and low-cost energy production [9] - Offshore wind seen as a mature, fast-growing technology with attractive risk-adjusted returns [17][44] Management Commentary on Operating Environment and Future Outlook - Increasing demand for clean power driven by corporate off-takers and data center growth [7][8] - Market bifurcation: high-quality, de-risked assets see strong bids, while development assets face capital scarcity [14] - Positive outlook for asset recycling and capital deployment, with $2.3 billion generated from asset monetizations year-to-date [12][21] - Expectation of continued growth in the US, driven by fiscal support and increasing power demand [39][40] Other Important Information - Partnership with Ørsted marks the first direct investment in offshore wind, with a 12% interest in a 3,500 MW portfolio [18] - Sale of Saeta generated over 3x invested capital, with $730 million in proceeds [23] - Sale of First Hydro interest generated over 3.5x invested capital, with $350 million in proceeds [25] - Sale of 50% interest in Shepherds Flat wind portfolio generated almost 2x invested capital, with $415 million in proceeds [26] Q&A Session Summary Question: Impact of US election on growth and return profile [37] - The company expects bipartisan support for renewable energy policies, with potential fiscal support driving power demand [38][39] - The business is insulated from regulatory changes due to its focus on low-cost technologies and corporate demand [40][41] Question: Offshore wind growth aspirations [43] - The company is bullish on offshore wind, seeing it as a critical and fast-growing asset class with attractive opportunities [44] Question: Impact of tax policy changes on asset classes [47] - Onshore wind and solar are the lowest-cost electricity producers, allowing the company to pass through any subsidy changes via higher PPA prices [48][49] Question: Non-renewable power investments [51] - The company is selective in investing in new asset classes like nuclear, batteries, and biofuels, ensuring risk-adjusted returns are competitive with renewables [52][53] Question: Opportunities post-US election [55] - The company sees a robust investment pipeline, with potential for increased activity due to reduced access to capital for some market participants [56][57] Question: Hydro re-contracting and demand from tech companies [58] - Power demand is increasing, with a mix of direct, virtual PPAs, and utility contracts driving higher prices [59] Question: Bifurcation in valuation between mature and development assets [62] - Development margins are high, with returns of 13-17% for development assets and 8-11% for mature assets [64] Question: Price sensitivity in the US power market [65] - The market is constructive, with strong demand for dispatchable clean generation, particularly hydro [66][67] Question: Impact of US election on M&A and asset sales [69] - The company does not expect material impacts on asset sales, with potential for increased investment activity due to reduced capital access [70] Question: Additionality constraints for tech buyers [71] - Demand for power is strong, with varying views on additionality requirements, but overall demand impacts both new and existing assets [72] Question: Impact of US election on Westinghouse nuclear business [73] - The election outcome is seen as positive for Westinghouse, with potential growth in both existing fleet services and new reactor development [74][75] Question: ITC and safe harboring [77] - The company expects minimal impact from potential tax credit changes, with strong bipartisan support and a diversified business model [78][79] Question: Drivers of Q4 FFO growth [81] - Capital deployment, strong performance in key businesses, and asset recycling gains are expected to drive Q4 FFO growth [82][83]

Brookfield Renewable Corporation (BEPC) came out with a quarterly loss of $0.32 per share versus the Zacks Consensus Estimate of a loss of $0.28. This compares to loss of $0.14 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -14.29%. A quarter ago, it was expected that this company would post a loss of $0.27 per share when it actually produced a loss of $0.28, delivering a surprise of -3.70%.Over the last four quarters, the co ...