thitivong Billionaire investor and CEO of the world's largest asset manager, BlackRock, Inc. (BLK) - Larry Fink - just had his company buy a large infrastructure business - Global Infrastructure Partners - for ~$12 billion. This is just the latest move in line with Mr. Fink's big bet on the global infrastructure sector, which he recently called: one of the most exciting long-term investment opportunities. In fact, beyond the value inherent in Global Infrastructure Partners' existing holdings, the plan is fo ...

What do you think when you see a product for sale at a steep discount to its past price range? Most people would probably give one of two answers: (1) there's something wrong with the product, or (2) it's a bargain.I think that Brookfield Renewable (BEP -1.79%) (BEPC -1.84%) is a great example of the latter. This high-yield dividend stock is down nearly 50%. But it's a screaming buy right now for investors seeking passive income.Behind the steep declineBrookfield Renewable's share price skyrocketed from 201 ...

Compound interest is a powerful wealth creator. For example, an investment that can deliver a 13% annual rate of return can double in value in less than six years. While 13% is an above-average return, many high-quality dividend stocks have delivered an average annual total return above that level over the past decade (and can continue doing so in the future). Prologis (PLD 0.17%) and Brookfield Renewable (BEPC -1.84%) (BEP -1.79%) are high-performing dividend stocks. They should have the fuel to double inv ...

The Nasdaq Green Energy Index ETF (NASDAQ:QCLN) is down by approximately 25% year-over-year suggesting various buy-the-dip opportunities exist in the renewable energy space. Although renewable energy stocks typically possess high downside risk, diversification benefits can be obtained by investing in them. Furthermore, the renewable energy arena possesses robust fundamentals. For example, the broad-based end market is set to grow at a compound annual growth rate of 8.6% until 2031. Moreover, renewable energ ...

halbergman/E+ via Getty Images It's unfortunately a partisan issue, but climate change is real and renewables have had the lowest levelized cost of electricity versus other competing technologies for a while now. The impact of this has seen and will continue to see an unprecedented boom in the rollout of onshore wind and utility-scale solar. There will need to be hundreds of billions of dollars invested up until the end of the decade and beyond in the US and other developed countries and Brookfield Renewabl ...

Brookfield Renewable Partners L.P. (NYSE:BEP) Q3 2023 Earnings Conference Call November 3, 2023 8:30 AM ET Company Participants Connor Teskey - Chief Executive Officer Jenny Li - Vice President Wyatt Hartley - Chief Financial Officer Conference Call Participants Sean Steuart - TD Securities Robert Hope - Scotiabank David Quezada - Raymond James Rupert Merer - National Bank Operator Good day and thank you for standing by. Welcome to the Brookfield Renewable Partners Third Quarter 2023 Results Conference Call ...

Brookfield 2023 Q3 SUPPLEMENTAL INFORMATION Brookfield Renewable Partners L.P. Primary Font Colour CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS R17 G17 B17 Title Slide Font Dark Backdrop R255 G255 B255 Light Background R17 G17 B17 Sub-headers & Emphasis Text R64 G126 B182 PRIMARY PALETTE Logo & Divider Slide Font R15 G53 B87 R244 G124 B16 R77 G77 B77 R200 G200 B200 SECONDARY PALETTE Business Group Colours Real Estate R71 G151 B181 Infrastructure R83 G55 B82 Renewable R92 G153 B121 Private Equit ...

Revenue and Financial Performance - Revenues for the nine months ended September 30, 2023 increased by $200 million to $3,715 million compared to the same period in 2022, driven by business growth and higher realized prices[62] - Revenues for the three months ended September 30, 2023, totaled $1,179 million, an increase of $74 million compared to the same period in the prior year[74] - Brookfield Renewable reported revenues of $1,179 million for the three months ended September 30, 2023, compared to $1,105 million in the same period in 2022[216] - Revenue for 2023 remained stable at $80 million compared to $80 million in 2022[119] - Total proportionate revenues for the three months ended September 30, 2023, were $623 million, compared to $619 million in 2022[109] Net Income and Loss - Net loss attributable to Unitholders for the three months ended September 30, 2023 was $64 million, an improvement from $136 million in the same period of 2022[49] - Brookfield Renewable's net income for the three months ended September 30, 2023, was $24 million, an increase of $101 million compared to the same period in the prior year[74] - Net income for the nine months ended September 30, 2023, was $378 million, compared to $137 million for the same period in 2022[134] - Net income for Q3 2023 was $24 million, compared to a loss of $77 million in Q3 2022[145] - Net income for the nine months ended September 30, 2023, was $352 million, compared to $78 million in the same period in 2022[186] - Net income (loss) for the nine months ended September 30, 2023, was $(95) million[220] Funds From Operations (FFO) and Adjusted EBITDA - Proportionate Adjusted EBITDA for the nine months ended September 30, 2023 increased to $1,652 million from $1,541 million in the same period of 2022[49] - Funds From Operations per Unit for the nine months ended September 30, 2023 increased to $1.29 from $1.21 in the same period of 2022[49] - Funds From Operations (FFO) for the three months ended September 30, 2023, were $253 million, compared to $243 million in 2022[109] - Funds From Operations for Q3 2023 were $253 million, compared to $243 million in Q3 2022, with Funds From Operations per Unit at $0.38 for Q3 2023[136] - Funds From Operations (FFO) for the nine months ended September 30, 2023, increased to $840 million from $780 million in the same period in 2022[195] - Adjusted EBITDA for the nine months ended September 30, 2023, was $1,652 million, compared to $1,541 million for the same period in 2022[137] - Adjusted EBITDA decreased to $50 million in 2023 from $52 million in 2022[119] - Adjusted EBITDA for the corporate segment was $37 million in 2023, up from $30 million in 2022[119] - Total Adjusted EBITDA across all segments was $507 million in 2023, up from $495 million in 2022[120][121] - Adjusted EBITDA for the nine months ended September 30, 2023, was $1,652 million, with significant contributions from North America ($549 million) and Hydroelectric Brazil ($132 million)[193] Generation Capacity and Output - Total generation capacity increased to 25,902 MW as of September 30, 2023, up from 23,617 MW in the same period of 2022[49] - The company signed contracts to deliver an incremental 5,700 GWh per year of generation, including 4,100 GWh to corporate offtakers[51] - Brookfield Renewable expects to commission approximately 5,000 MW of capacity in 2023, contributing $66 million in additional Funds From Operations annually, with 7,000 MW and 8,000 MW on track for 2024 and 2025, respectively[73] - Total generation for Q3 2023 was 15,870 GWh, compared to 14,906 GWh in Q3 2022, with proportionate generation at 6,533 GWh for Q3 2023[136] - Total proportionate generation for the three months ended September 30, 2023, was 6,533 GWh, compared to 6,440 GWh in 2022[109] - Generation (GWh) – actual increased to 501 GWh in 2023 from 445 GWh in 2022, a 12.6% increase[119] - Actual generation for distributed energy & sustainable solutions in Q3 2023 was 1,218 GWh, compared to 1,044 GWh in Q3 2022, with Funds From Operations at $39 million for Q3 2023[137] - Brookfield Renewable's hydroelectric operations generated 1,282 GWh of actual generation for the three months ended September 30, 2023[94] - Brookfield Renewable's utility-scale solar operations generated 689 GWh of actual generation for the three months ended September 30, 2023[97] - Hydroelectric generation in the United States is projected to increase from 1,733 GWh in 2023 to 6,926 GWh in 2024, representing a 300% growth[123] - Wind generation in Brazil is expected to grow from 176 GWh in 2023 to 758 GWh in 2024, a 331% increase[123] - Utility-scale solar generation is forecasted to rise from 618 GWh in 2023 to 2,664 GWh in 2024, a 331% growth[123] - Contracted generation as a percentage of total generation on a proportionate basis is expected to decline from 91% in 2023 to 80% in 2027[123] - Total long-term average generation on a proportionate basis is projected to remain stable at 50,725 GWh from 2024 to 2027[123] Liquidity and Debt - Available liquidity as of September 30, 2023 increased to $4,392 million from $3,695 million as of December 31, 2022[55] - Debt to capitalization for Corporate increased to 14% as of September 30, 2023 from 11% as of December 31, 2022[55] - Brookfield Renewable's liquidity position remains robust with $4.4 billion of total available liquidity at the end of the quarter, providing significant flexibility to fund growth[70] - The company's available liquidity increased from $3,695 million in December 2022 to $4,392 million in September 2023[125] - Total debt principal repayments are projected to be $12,743 million, with $8,797 million due thereafter[127] - Total debt obligations as of September 30, 2023 were $24.3 billion, down slightly from $24.63 billion at the end of 2022[148] - Letters of credit issued as of September 30, 2023 amounted to $1.56 billion, down from $1.61 billion at the end of 2022[158] - The company has $2.38 billion in committed revolving credit facilities available for investments and acquisitions[152] - Brookfield Renewable's proportionate debt is presented based on its share of borrowings obligations, providing insight into asset-level financing and leverage[180] - Non-recourse borrowings decreased slightly to $20.084 billion, indicating a stable debt structure[184] Investments and Acquisitions - Brookfield Renewable committed to invest approximately $2.2 billion ($450 million net) across various investments, including a partnership with Axis Energy in India targeting 2.5 GW of wind and solar capacity[58] - Brookfield Renewable executed asset recycling activities generating proceeds of approximately $1.4 billion over the last 18 months, with $600 million net to the company[70] - Brookfield Renewable closed the acquisition of 50% of X-Elio, bringing its ownership to 100%, and acquired Deriva Energy, which has 5.9 GW of operating and under construction assets and a 6.1 GW development pipeline[73] - Brookfield Renewable completed the sale of its 100% interest in a 95 MW portfolio of wind assets and a 26 MW solar asset in Uruguay during the third quarter of 2023[78] - The company invested $630 million (net of asset sales) into growth, including renewable platforms in India with 14,500 MW of operating and development assets[131] - Brookfield Renewable completed the acquisition of a 50% interest in X-Elio for a total consideration of $918 million ($76 million net to Brookfield Renewable for approximately 4% interest), increasing its economic interest to approximately 17%[202] - Brookfield Renewable acquired a fully integrated renewable power developer in the U.S. with 5,900 MW of operating and under construction assets and a 6,100 MW development pipeline for approximately $1.08 billion ($270 million net to Brookfield Renewable)[202] - Brookfield Renewable subscribed for additional shares in Cleanmax for INR 9.8 billion ($118 million) ($23.6 million net to Brookfield Renewable), increasing its total interest to approximately 36% (7% net to Brookfield Renewable) and gaining majority control of the board[202] - Brookfield Renewable agreed to acquire a leading UK renewables developer with 260 MW of onshore wind assets, 800 MW of near-term developments, and 3 GW of later-stage projects for £483 million ($589 million) ($118 million net to Brookfield Renewable)[202] - Brookfield Renewable completed the acquisition of a 136 MW wind portfolio in Brazil for $95 million, holding a 25% economic interest[227] - Brookfield Renewable acquired a 90% interest in a 730 MW distributed generation platform in Brazil for $4 million, with a fair value of assets at $5 million and liabilities at $1 million[228] Regional Performance - Brookfield Renewable's North American business generated Funds From Operations of $74 million, up from $28 million in the prior year[96] - Brookfield Renewable's European business generated Funds From Operations of $4 million, down from $20 million in the prior year[96] - Brookfield Renewable's Brazilian business generated Funds From Operations of $9 million, up from $7 million in the prior year[96] - Brookfield Renewable's Asian business generated Funds From Operations of $7 million, up from $6 million in the prior year[96] - North America's FFO was $75 million in 2023, compared to $76 million in 2022, impacted by higher interest expense and unfavorable generation mix[111] - Brazil's FFO was $38 million in 2023, compared to $31 million in 2022, driven by higher average revenue per MWh due to inflation indexation[112] - Colombia's FFO was $16 million in 2023, compared to $23 million in 2022, due to lower resources despite higher average revenue per MWh[113] - Utility-scale solar FFO was $51 million in 2023, compared to $86 million in 2022, impacted by lower average revenue per MWh from regulated price adjustments in Spain[117] - Adjusted EBITDA for North America Hydroelectric increased to $45 million in 2023 from $39 million in 2022[120] - Net income (loss) for North America Hydroelectric was $8 million in 2023, compared to $9 million in 2022[120] Financial Instruments and Derivatives - The company entered long-term energy derivative contracts to stabilize price risks on future power generation sales[235] - Brookfield Renewable holds foreign exchange swaps and investments in debt and equity securities as part of its financial instruments[236][237] - The company's financial instruments assets were valued at $10 million, with liabilities at $7 million[230] - Deferred income tax assets were reported at $3 million, while other non-current assets totaled $21 million[230] - Accounts payable and accrued liabilities amounted to $66 million, with provisions at $22 million[230] Equity and Capital Structure - Brookfield Renewable completed the issuance of 8,200,000 LP Units and 7,430,000 class A exchangeable subordinated voting shares for gross proceeds of $500 million, with a concurrent private placement raising an additional $150 million, totaling $650 million in gross proceeds[66] - Brookfield Renewable completed the issuance of 8,200,000 LP Units and 7,430,000 class A exchangeable subordinated voting shares for gross proceeds of $500 million[88] - Brookfield Renewable incurred $20 million in related transaction costs for the issuance of LP Units and Exchangeable Shares[88] - The company's proportionate debt and equity structure includes LP units, BEPC exchangeable shares, Redeemable/Exchangeable partnership units, and GP interest, all classified under equity[203] - Limited partners' equity decreased from $(1,898) million as of December 31, 2022, to $(2,017) million as of September 30, 2023[220] - Total equity increased from $26,286 million as of December 31, 2022, to $28,319 million as of September 30, 2023[220] - Capital contributions during the nine months ended September 30, 2023, amounted to $1,987 million[220] - Distributions or dividends declared during the nine months ended September 30, 2023, totaled $(1,466) million[220] - Non-controlling interests in BEPC shares increased from $2,561 million as of December 31, 2022, to $2,595 million as of September 30, 2023[220] - Accumulated revaluation surplus increased from $6,817 million as of December 31, 2022, to $6,902 million as of September 30, 2023[220] - Cash flow hedges increased from $17 million as of December 31, 2022, to $37 million as of September 30, 2023[220] - Investments in equity securities increased from $1 million as of December 31, 2022, to $2 million as of September 30, 2023[220] Cash Flows and Distributions - Cash flows from operating activities for the nine months ended September 30, 2023 were $1.41 billion, up from $1.14 billion in the same period of 2022[153] - Distributions to Unitholders for the nine months ended September 30, 2023 were $739 million, up from $686 million in the same period of 2022[154] - LP unit distributions increased by 5.5% to $1.35 per unit on an annualized basis in 2023[154] - Dividends declared for Class A Preference Shares were $7 million for Q3 2023, compared to $6 million in Q3 2022, with total dividends paid for the nine months ended September 30, 2023, at $20 million[133] - Brookfield Renewable declared incentive distributions of $28 million and $83 million for the three and nine months ended September 30, 2023, respectively[84] Assets and Liabilities - Property, plant and equipment totaled $56.4 billion as of September 30, 2023, an increase of $2.2 billion compared to December 31, 2022[77] - Brookfield Renewable's total assets increased to $65.563 billion as of September 30, 2023, compared to $64.111 billion at the end of 2022[184] - Current assets decreased to $3.109 billion from $4.183 billion, primarily due to a reduction in trade receivables and other current assets[184] - Property, plant, and equipment increased to $56.437 billion, reflecting ongoing investments in renewable energy infrastructure[184] - Non-recourse borrowings decreased slightly to $20.084 billion, indicating a stable debt structure[184] - Brookfield Renewable's equity-accounted investments grew to $1.707 billion, reflecting increased influence or joint control over investments[184] - The company's cash and cash equivalents stood at $33 million, with restricted cash at $6 million and trade receivables at $13 million[230] - Property, plant, and equipment were valued at $744 million, while non-recourse borrowings totaled $312 million[230] - Brookfield Renewable's goodwill was reported at $236 million, with fair value of net assets acquired at $378 million[230] Other Financial Metrics - Average revenue per MWh remained stable at $88 for both the three and nine months ended September 30, 2023[49] - Brookfield Renewable's Funds From Operations per Unit was $0.38 for the three months ended September 30, 2023[103] - The company has a contracted profile of approximately 90% in Brazil and 70% in Colombia of the long-term average, with a weighted-average remaining contract duration of 13 years[104] - Generation output secured under financial contracts includes 391 GWh for 2023, 1,442 GWh for 2024, 1,360 GWh for 2025, 1,171 GWh for 2026, and 655 GWh for 2027[104] - Weighted-average remaining contract durations are 15 years in North America, 12 years in Europe, 10 years in Brazil, 4 years in Colombia, and 14 years across remaining jurisdictions[104] - Total capitalization as of September 30, 2023 was $59.37 billion, up from $57.25 billion at the end of 2022[148] - Debt-to-total capitalization ratio was 41% as of September 30, 2023, down from 43% at the end of 2022[148] - The company's medium-term notes have a weighted-average interest rate of 4.3% and a term of 10 years[126] - Total LP units on a fully-exchanged basis include 6,849,533 Series 1 Class A Preference Shares, 3,110,531 Series 2 Class A Preference Shares, and 7,000,000 Series 6 Class A Preference Shares[132] - Brookfield Renewable's proportionate financial information reflects Brookfield Renewable's share from facilities using consolidation and equity method, aiding internal analyses and strategic decisions[175] - Brookfield Renewable's voting agreements provide control over entities owning renewable power and sustainable solution investments, consolidating their accounts[173] - Net income (loss) under IFRS may not reflect underlying cash flows due to higher depreciation levels compared to sustaining capital expenditures[177] - Comprehensive income for

Brookfield Renewable Partners L.P. (NYSE:BEP) Q2 2023 Earnings Conference Call August 4, 2023 8:30 AM ET Company Participants Connor Teskey - Chief Executive Officer Jeh Vevaina - Managing Partner and our Chief Investment Officer Wyatt Hartley - Chief Financial Officer Conference Call Participants Sean Stewart - TD Securities Rupert Merer - National Bank Financial Robert Hope - Scotiabank David Quezada - Raymond James Andrew Kuske - Credit Suisse Naji Baydoun - iA Capital Market Operator Good day and thank ...

Brookfield 2023 Q2 SUPPLEMENTAL INFORMATION Brookfield Renewable Partners L.P. Primary Font Colour CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS R17 G17 B17 Title Slide Font Dark Backdrop R255 G255 B255 Light Background R17 G17 B17 Sub-headers & Emphasis Text R64 G126 B182 PRIMARY PALETTE Logo & Divider Slide Font R15 G53 B87 R244 G124 B16 R77 G77 B77 R200 G200 B200 SECONDARY PALETTE Business Group Colours Real Estate R71 G151 B181 Infrastructure R83 G55 B82 Renewable R92 G153 B121 Private Equit ...