Brookfield Renewable Partners LP (BEPC) is expected to face a challenging fourth quarter (Q4) in 2024, primarily due to the impact of asset monetizations and declining EPS.
- Estimate EPS and Revenue: The estimated EPS for BEPC in Q4 2024 is -$0.32, indicating a loss per share. The estimated revenue for the quarter is $1.45 billion1.
- Analyst Expectations: Wall Street analysts anticipate a quarterly loss of $0.04 per share, which represents a 71.4% increase from the same quarter the previous year. Revenues are expected to be $843.18 million, reflecting a 35.3% year-over-year increase2.
- Recent Performance: In Q3 2024, BEPC's Funds from Operations (FFO) was $278 million, an 11% increase year-over-year. However, the company reported a net loss of $674 million, a significant decrease from the $1.34 billion profit in the same quarter of the previous year, and a loss per share of $1.80, down from a profit of $3.63 per share3.
- Strategic Highlights: Despite the challenges, BEPC has seen positive developments, such as record FFO and successful asset monetizations. The company generated approximately $2.3 billion in proceeds from asset monetizations, achieving returns of 2.5 times invested capital and internal rates of return (IRR) greater than 20%45.
In conclusion, while BEPC has shown resilience in certain financial metrics, the outlook for Q4 2024 is cautious, with expected losses and a decline in EPS compared to the previous year. The company's strategic initiatives, such as asset monetizations, could provide a cushion, but the overall outlook is tempered by the anticipated quarterly loss and the need to address the declining EPS trend.
4/3/2025 09:36am
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