Brookfield Renewable Energy Partners Posts Q4 Earnings Beat
Hamilton, Bermuda - Brookfield Renewable Energy Partners LP (BEP) reported better-than-expected earnings in its fourth quarter, driven by strong revenue growth.
Key Highlights:
* Q4 earnings of $188 million, resulting in a per-share loss of 6 cents
* Revenue of $1.43 billion, exceeding Wall Street estimates of $837.4 million
* Loss narrowed to $9 million for the year, with revenue reaching $3.25 billion
* Stock has declined 9% year-to-date and 22% over the past 12 months
BEP's financial performance reflects its growing portfolio of hydroelectric and wind power generation facilities. Despite the challenging economic environment, the company maintained its commitment to clean energy production and delivering value to shareholders.