| --- | --- | --- | --- | --- | --- | --- | --- | |--------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------|-------|--------------------|--------|-------|--------------------|---------| | UNAUDITED \n(MILLIONS, EXCEPT AS NOTED) | | | December 31 \n2023 | 2022 | | December 31 \n2023 | 2022 | | Revenues | $ | | 1,323 $ | 1,196 | $ | 5,038 $ | 4,711 | | Other income | | | 468 | 29 | | 671 | 136 | ...

The global economy is steadily shifting fuel sources. Because of that, the energy industry is in transition. It's working to supply the fossil fuels the world needs today while investing in the lower-carbon energy it will require in the future.Given that direction, the best energy stocks to hold for the long haul are those focused on a lower-carbon future. Brookfield Renewable (BEPC -1.06%) (BEP -1.03%), Enbridge (ENB 0.62%), and Southern Company (SO -0.19%) stand out for their growing low-carbon businesses ...

Financial Data and Key Metrics Changes - The company generated FFO of $253 million or $1.29 per unit year-to-date, representing a 7% increase compared to last year, and continues to target over 10% FFO per unit growth for the year [92] - The financial position remains strong with expectations to execute nearly $20 billion of nonrecourse financing this year, generating over $800 million in up-financing proceeds, while maintaining a strong investment-grade credit rating [78] Business Line Data and Key Metrics Changes - The company closed the acquisition of the remaining 50% interest in X-ELIO, bringing total ownership to 100% [15] - The acquisition of Deriva Energy, which includes almost 6,000 megawatts of operating and construction assets, is expected to generate strong contracted cash flows with a 13-year weighted average remaining contract life [16] - The company agreed to invest approximately $2.2 billion of equity capital, including the acquisition of Banks Renewables, which has approximately 260 megawatts of onshore wind assets and a significant development pipeline [24] Market Data and Key Metrics Changes - There is a strong and growing demand for clean energy, with corporations procuring nearly 10 times more clean energy annually over the past five years [5] - The company expects to deliver 5 gigawatts of new capacity this year and approximately 15 gigawatts over the next two years, contributing about $270 million of additional FFO annually [6] Company Strategy and Development Direction - The company is focused on acquiring businesses with strong development pipelines that lack access to capital or scale operating capabilities, creating a virtuous cycle of capturing demand and enhancing capabilities [11] - The strategy includes a disciplined approach to development, ensuring power purchase agreements and financing are secured before committing significant capital [12] - The company aims to deliver 12% to 15% long-term total returns for investors while remaining disciplined in capital allocation [79] Management's Comments on Operating Environment and Future Outlook - Management noted that the renewable sector has faced challenges due to higher interest rates and tightening industry margins, but the company remains well-positioned to benefit from these conditions [19] - There is an abundance of opportunities to invest at or above target returns, driven by accelerating demand for clean power and fewer players with access to capital [20] - The company is optimistic about the future, particularly in the nuclear sector, which is expected to grow due to increasing demand for clean, dispatchable baseload power [41][44] Other Important Information - The company has started to allocate capital to repurchase shares, having repurchased almost 1.5 million units under its normal course issuer bid [31] - The company expects to close transactions totaling over $9 billion, adding approximately $200 million in incremental annual FFO [76] Q&A Session All Questions and Answers Question: How do you see nuclear fitting into your future plans? - Management expressed a favorable view of nuclear power, highlighting its role in providing clean, dispatchable baseload power, which is increasingly valuable [44][45] Question: Are you seeing any M&A opportunities in the hydro space? - Management noted that while there is less hydro being built globally, they continue to monitor opportunities and have been buyers of hydro assets in recent years [48] Question: How do you think about access to capital moving forward? - Management indicated strong liquidity, with approximately $4.5 billion available, allowing for the pursuit of large and attractive opportunities [86] Question: Can you comment on the direction of prices in the asset recycling market? - Management noted robust demand for small to medium-sized derisked assets, with a strong bid for those assets in the current market [52]

BROOKFIELD, News, Nov. 03, 2023 (GLOBE NEWSWIRE) -- Brookfield Renewable Partners L.P. (TSX: BEP.UN; NYSE: BEP) ("Brookfield Renewable Partners", "BEP") today reported financial results for the three and nine months ended September 30, 2023. We were successful in our growth activities this quarter, signing transactions for $2.2 billion of equity investment ($450 million net to Brookfield Renewable) alongside our institutional partners, taking advantage of our access to scale capital and opportunities in the ...

2023 INTERIM CONSOLIDATED FINANCIAL STATEMENTS AND NOTES BROOKFIELD RENEWABLE CORPORATION BROOKFIELD RENEWABLE CORPORATION The accompanying notes are an integral part of these interim consolidated financial statements. Direct operating costs exclude depreciation expense disclosed below. CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) BROOKFIELD RENEWABLE CORPORATION Brookfield AS AT JUNE 30, 2023 AND DECEMBER 31, 2022 AND FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2023 AND 2022 | --- | --- | --- | - ...

Brookfield Renewable Corporation (NYSE:BEPC) Q2 2023 Earnings Conference Call August 4, 2023 8:30 AM ET Company Participants Connor Teskey - President, Brookfield Asset Management; CEO Renewable Power & Transition Jehangir Vevaina - Managing Partner, Renewable Power & Transition Wyatt Hartley - Managing Partner, Renewable Power & Transition Conference Call Participants Sean Steuart - TD Securities Rupert Merer - National Bank Financial Robert Hope - Scotiabank David Quezada - Raymond James Andrew Kuske - Cr ...

EXHIBIT 99.1 BROOKFIELD, News, May 05, 2023 (GLOBE NEWSWIRE) -- Brookfield Renewable Partners L.P. (TSX: BEP.UN; NYSE: BEP) ("Brookfield Renewable Partners", "BEP") today reported financial results for the three months ended March 31, 2023. Brookfield Renewable reported FFO of $275 million or $0.43 per Unit for the three months ended March 31, 2023, a 13% increase on a per Unit basis over the same period in the prior year. The results reflect robust hydro generation across our portfolio, strong realized pow ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 FORM 20-F o REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR o SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commiss ...

FORM 6-K | --- | --- | |-----------------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------| | For the month of \nCommission File Number: 001-35530 | February 2023 \nCommission file number: 001-39355 | | BROOKFIELD RENEWABLE PARTNERS L.P. (Exact name of Registrant as specified in its charter) | BROOKFIELD RENEWABLE CORPORATION (Exact name of Re ...

Brookfield Renewable Corporation (NYSE:BEPC) Q4 2022 Earnings Conference Call February 3, 2023 8:30 AM ET Company Participants Connor Teskey - Chief Executive Officer Wyatt Hartley - Chief Financial Officer Julian Thomas - Managing Director and Head, Strategic Initiatives Conference Call Participants Sean Stewart - TD Securities Robert Hope - Scotiabank Rupert Merer - National Bank Financial Ben Pham - BMO Capital Markets Frederic Bastien - Raymond James Naji Baydoun - Industrial Alliance Securities Andrew ...