Brookfield Renewable Partners L.P.(BEP)

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The Market Is Crashing, But We Are Rejoicing
Seeking Alpha· 2025-04-06 14:00
The stock market is crashing right now, with all three major indices-the Nasdaq ( QQQ ), the S&P 500 ( SPX )( SP500 ), and the Dow Jones Industrial Average ( DJIA )( DIA )-all down big in recentJoin Now to Access Our Top Picks for April 2025!Your timing is perfect! We’ve just released our latest top investment picks, and by joining today, you’ll gain immediate access to these exciting opportunities.We invest thousands of hours and over $100,000 annually into researching the most profitable investment opport ...
These Ultra-High-Yielding Dividend Stocks Are No Joke
The Motley Fool· 2025-04-01 08:01
Core Viewpoint - The article emphasizes the importance of identifying reliable dividend stocks, highlighting Realty Income, Brookfield Renewable, and Verizon as strong candidates due to their consistent and high dividend yields, which are significantly above the S&P 500 average Group 1: Realty Income - Realty Income has a current dividend yield of 5.6% and has increased its dividend payment 130 times since going public in 1994, maintaining a 4.3% compound annual growth rate over the past 30 years [3][4] - The company generates steady rental income from a diversified portfolio of properties secured by long-term net leases, requiring tenants to cover all operating expenses [4][5] - Realty Income pays out less than 75% of its stable cash flow in dividends, allowing for financial flexibility and the ability to fund new income-generating investments [5] Group 2: Brookfield Renewable - Brookfield Renewable has a current dividend yield of 5.4% and has increased its dividend by at least 5% annually since its public listing in 2011 [6] - The company generates stable cash flow through long-term, fixed-rate power purchase agreements, with many contracts linked to inflation, supporting steady income growth [6][7] - Brookfield expects to grow its funds from operations per share by more than 10% annually over the next five years, which supports its plan to increase dividends by 5% to 9% per year [8] Group 3: Verizon - Verizon has a current dividend yield of 6% and has increased its payout for 18 consecutive years, the longest growth streak in the U.S. telecom sector [9] - The company generated $36.9 billion in cash flow from operations last year, using $11.2 billion for dividends and maintaining a significant excess free cash flow of $8.6 billion [10] - Verizon is acquiring Frontier Communications in a $20 billion all-stock deal to enhance its fiber network, which is expected to boost future cash flow and support continued dividend growth [11] Group 4: Conclusion - Realty Income, Brookfield Renewable, and Verizon are highlighted as reliable dividend payers with stable cash flows and strong balance sheets, making them attractive options for investors seeking consistent income [12][13]
AI Needs Power: Invest in High-Yield Utility Stocks to Ride the Electricity Demand Wave
The Motley Fool· 2025-03-24 16:53
During Brookfield Renewable's (BEP 0.17%) (BEPC -0.48%) fourth-quarter 2024 earnings call, the company's CEO stated very clearly that, "Following several decades of modest electricity demand growth, we are experiencing a dramatic shift in demand driven by the AI revolution." That's basically the same sentiment that's being expressed by electricity providers across the board and it highlights an opportunity for investors broadly and income investors specifically.Who is going to win?Brookfield's CEO went on t ...
3 Brilliant High-Yield Energy Stocks to Buy Now and Hold for the Long Term
The Motley Fool· 2025-03-20 11:25
Core Viewpoint - The new administration in Washington, D.C. aims to lower energy prices quickly, but long-term investors should focus on companies that can thrive over decades rather than those benefiting from temporary government policies [1] Group 1: Company Analysis - Chevron has a diversified operating portfolio, with exposure to upstream, midstream, and downstream sectors, which helps mitigate the impact of falling energy prices [3][4] - Chevron maintains a strong balance sheet with a debt-to-equity ratio of 0.16x, allowing it to invest during tough times and pay reliable dividends, having increased its dividend annually for 37 years [4][5] - Enterprise Products Partners operates in the midstream sector, which is fee-driven rather than commodity-driven, making it less sensitive to energy price fluctuations and allowing it to maintain a steady volume [6][7] - Enterprise has an investment-grade-rated balance sheet and a distributable cash flow that covers its distribution by 1.7x, having increased its distribution annually for 26 consecutive years [7][8] - Brookfield Renewable focuses on renewable energy, with a growing demand for clean energy expected to continue for decades, offering a 6.5% yield for partner units and a 5.2% yield for corporate shares [9][10] - Brookfield Renewable reported a 10% increase in funds from operations in 2024 and has a robust pipeline of growth opportunities, benefiting from the current market for mature clean energy assets [10] Group 2: Investment Strategy - Long-term dividend investors should prioritize companies that can withstand market fluctuations and continue to pay dividends over the next few decades, with Chevron, Enterprise, and Brookfield Renewable presenting an attractive balance of income and risk [11]
5 Dividend Stocks Yielding Over 5% to Buy Right Now
The Motley Fool· 2025-03-15 22:15
Core Viewpoint - The article highlights five high-quality dividend stocks that currently yield more than 5%, presenting them as attractive investment opportunities for generating a lucrative income stream amid a broader market decline of about 10% from its peaks [1]. Group 1: Brookfield Renewable - Brookfield Renewable offers a dividend yield of 5.2%, supported by stable cash flow from long-term contracts with utilities and corporate customers [2]. - The company has a significant backlog of development projects and a pipeline for acquisitions, forecasting cash flow per share growth of over 10% annually for the next decade, which supports a planned annual dividend increase of 5% to 9% [3]. Group 2: Enbridge - Enbridge provides a 6.3% dividend yield, with 98% of its earnings derived from stable cost-of-service and contracted assets [4]. - The company has met its financial guidance for 19 consecutive years and pays out 60% to 70% of its stable cash flow in dividends, allowing for substantial reinvestment in expansion projects [5]. - Enbridge anticipates a 3% annual growth in cash flow per share through 2026, increasing to 5% thereafter, which aligns with its dividend growth strategy [6]. Group 3: NNN REIT - NNN REIT currently yields 5.5%, generating stable cash flow from rental income through long-term net leases averaging 10 years [7]. - The REIT maintains a conservative payout ratio, enabling reinvestment in additional income-generating properties, and has increased its dividend for 35 consecutive years, marking a strong track record in the sector [8]. Group 4: T. Rowe Price - T. Rowe Price Group has a dividend yield of 5.5%, with income primarily from advisory fees, supported by an AUM of $1.6 trillion, reflecting an 11.2% increase [10]. - The company is expanding its exchange-traded funds and innovative retirement offerings, contributing to its growth and enabling a 39th consecutive annual dividend increase [11]. Group 5: Verizon - Verizon Communications offers a 6.4% dividend yield, generating significant cash flow from wireless and internet services, with $19.8 billion in free cash flow last year [12]. - The company is investing heavily in 5G and fiber networks, alongside a planned $20 billion acquisition of Frontier Communications, which are expected to drive revenue growth and support continued dividend increases, marking 18 years of consecutive raises [13]. Group 6: Summary of High-Quality Dividend Stocks - The five highlighted companies—Brookfield Renewable, Enbridge, NNN REIT, T. Rowe Price, and Verizon—each provide dividend yields above 5% and have a strong history of increasing their dividends, making them appealing options for investors seeking reliable income streams [14].
Brookfield Renewable to Issue C$450 Million of Green Bonds
Newsfilter· 2025-03-10 22:04
BROOKFIELD, News, March 10, 2025 (GLOBE NEWSWIRE) -- Brookfield Renewable (NYSE:BEP, BEPC, TSX:BEP, BEPC)) ("Brookfield Renewable") today announced that it has agreed to issue C$450 million aggregate principal amount of Series 19 Notes (the "Notes"), due October 12, 2035, which will bear interest at a rate of 4.542% per annum. Brookfield Renewable Partners ULC, a subsidiary of Brookfield Renewable, will be the issuer of the Notes, which will be fully and unconditionally guaranteed by Brookfield Renewable an ...
2 Clean Energy Dividend Stocks to Buy With $10,000 and Hold Forever
The Motley Fool· 2025-03-05 09:10
Core Insights - Clean energy is the fastest-growing segment in the global energy market, despite being a modest contributor overall [1] - NextEra Energy and Brookfield Renewable are highlighted as attractive options for dividend investors in the clean energy sector [2] NextEra Energy - NextEra Energy operates primarily in the utility sector, with a strong foundation in Florida's regulated electricity market, benefiting from population growth and a monopoly in its operational regions [3] - The company is a leading generator of solar and wind power, distinguishing it from competitors and contributing to its rapid growth [4] - Over the past 20 years, NextEra Energy's earnings have grown at more than double the rate of its closest competitors, with a 10% annual dividend growth over the last decade [5][6] - The current dividend yield of 3.2% is above the utility average of 2.9%, making it an attractive option for income-focused investors [5] Brookfield Renewable - Brookfield Renewable focuses exclusively on clean energy, with investments in hydroelectric, solar, wind, battery storage, and nuclear power across multiple continents [8] - The partnership share class offers a distribution yield of 6.6%, while the corporate version provides a 5.3% yield, appealing to different types of investors [8] - The company aims to increase its disbursement by 5% to 9% annually, presenting a strong dividend growth narrative [9] - Unlike traditional utilities, Brookfield actively manages its portfolio, which may introduce variability but allows for strategic asset management [10][11] Clean Energy Transition - The long-term clean energy transition presents significant growth opportunities for both NextEra Energy and Brookfield Renewable, with a potential runway for decades [12] - Conservative investors may prefer NextEra for its utility foundation, while those willing to take on more risk may find Brookfield's higher yield and compelling story attractive [13]
Brookfield Renewable Partners L.P.(BEP) - 2024 Q4 - Annual Report
2025-02-28 21:08
Financial Reporting and Standards - Brookfield Renewable's financial statements are prepared in accordance with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB) [88]. - All dollar amounts are expressed in U.S. dollars unless otherwise indicated [89]. - The Management's Discussion and Analysis contains forward-looking information within the meaning of U.S. and Canadian securities laws [90]. - Certain comparative figures have been reclassified to conform to the current year's presentation [89]. - The company utilizes non-IFRS financial measures to explain its financial results [90]. - A reconciliation of the non-IFRS financial measures to the most comparable IFRS financial measures is available [90]. - The Management's Discussion and Analysis is provided as of February 28, 2025, for the year ended December 31, 2024 [86]. - Brookfield Renewable's financial statements are prepared in accordance with IFRS, requiring estimates and judgments related to assets, liabilities, revenues, and expenses [257]. Company Structure and Ownership - The ultimate parent of Brookfield Renewable is Brookfield Corporation, which includes Brookfield Asset Management [86]. - Holders of various units, including LP units and exchangeable shares, are collectively referred to as "Unitholders" [87]. Financial Performance - The company reported a revenue increase of 15% year-over-year, reaching $1.5 billion for the quarter [91]. - Revenues for 2024 reached $5,876 million, an increase of $838 million or 16.6% compared to 2023 [100]. - The company reported a net loss attributable to Unitholders of $464 million for the year ended December 31, 2024, compared to a loss of $100 million in 2023 [196]. - Funds From Operations totaled $1,217 million, or $1.83 per Unit, reflecting an increase from $1,095 million or $1.67 per Unit in the prior year [93]. - The company reported a significant increase in Adjusted EBITDA from $2,002 million in 2022 to $2,408 million in 2024, indicating a positive growth trend [162][164]. - In 2024, the company reported a net loss of $9 million compared to a net income of $616 million in 2023, and $138 million in 2022 [165]. Growth and Market Expansion - User data showed a growth of 20% in active users, totaling 10 million users by the end of the quarter [91]. - The company provided a future outlook with a revenue guidance of $1.6 billion for the next quarter, representing a 7% increase [91]. - The company is expanding its market presence in Asia, targeting a 25% increase in market share by the end of the fiscal year [91]. - The company deployed or committed to deploy $12.5 billion into growth initiatives, marking the largest investment year ever [94]. - The development pipeline now stands at approximately 200,000 MW, with a commissioning pace of nearly 7,000 MW per year, targeting a run rate of ~10,000 MW per annum by 2027 [95]. Capital Expenditures and Investments - Capital expenditures for the quarter were reported at $50 million, focusing on infrastructure improvements [91]. - The company announced a new research and development initiative with a budget of $10 million aimed at innovative product features [91]. - The company invested $3,733 million in the construction and development of renewable energy projects globally in 2024 [185]. - The company completed asset sales generating $2.8 billion, achieving average returns of approximately 25% IRR [97]. Liquidity and Financial Position - Liquidity position remains strong with available liquidity of $300 million [91]. - Available liquidity at year-end was $4,320 million, up from $4,121 million in 2023 [98]. - The company has $2.45 billion in committed revolving credit facilities available for investments and acquisitions [177]. - Cash flow from operating activities before changes totaled $1,562 million in 2024, an increase from $1,390 million in 2023 [179]. Operational Costs and Expenses - Direct operating costs rose to $2,580 million, an increase of $647 million compared to the prior year, primarily due to costs from newly acquired facilities [102]. - Interest expense increased to $1,988 million, reflecting a rise of $361 million compared to 2023, attributed to recent acquisitions and financing initiatives [103]. - Depreciation expenses for 2024 amounted to $2,010 million, while in 2023 it was $1,852 million, and in 2022 it was $1,583 million [162][163][164]. Renewable Energy Generation - Total renewable generation in 2024 was 30,947 GWh, up from 29,082 GWh in 2023, with total revenues increasing to $3,246 million from $2,826 million [140]. - Wind operations generated $484 million in Funds From Operations in 2024, an increase from $382 million in 2023, driven by newly acquired facilities and stronger generation [146]. - Utility-scale solar operations saw Funds From Operations rise to $349 million in 2024 from $261 million in 2023, benefiting from stronger generation and asset sales [147]. - Distributed energy & storage operations reported Funds From Operations of $186 million in 2024, up from $133 million in 2023, due to new facilities [148]. Risks and Challenges - The company faces risks from climate change affecting resource availability and electricity generation capacity [208]. - Future re-contracting of long-term contracts may not yield similar terms, impacting financial performance [214]. - The occurrence of dam failures could lead to significant capital expenditures and liabilities, impacting generating capacity and potentially resulting in new regulations [219]. - The company relies on third-party service providers for critical business functions, exposing it to risks from disruptions or cybersecurity threats [229]. Corporate Governance and Structure - Brookfield Corporation exercises substantial influence over Brookfield Renewable, impacting its management and operational decisions [253]. - The departure of key professionals from Brookfield could adversely affect the company's ability to achieve its objectives, as it relies on their skills and business contacts [255]. Future Outlook - The company plans to continue expanding its renewable energy portfolio and investing in new technologies to enhance operational efficiency and market presence [151]. - The company anticipates future demand growth for renewable energy in North America by 2028 to 2035, and in Colombia and Brazil by 2028 and 2030, respectively [273].
Brookfield Renewable Partners L.P.(BEP) - 2024 Q4 - Annual Report
2025-02-28 21:06
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, 2024 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 ...
3 Dividend Stocks With Yields Over 5% to Buy Now and Boost Your Passive Income Stream
The Motley Fool· 2025-02-25 11:15
Group 1: Dividend Stocks Overview - Investing in dividend stocks provides passive income, which can be beneficial regardless of market conditions [1] - The S&P 500 has a low yield of 1.2%, prompting investors to seek higher dividend opportunities beyond index funds [2] Group 2: United Parcel Service (UPS) - UPS plans to reduce its Amazon delivery volume by 50% by the second half of 2026, a move that is seen positively by investors [3][6] - The company aims to focus on higher-margin deliveries from small and medium-sized businesses and healthcare sectors [5] - UPS has a current dividend yield of 5.6%, making it an attractive option for yield-seeking investors [8] Group 3: Brookfield Renewable - Brookfield Renewable has seen a 15% decline in stock price due to investor concerns over the U.S. administration's stance on renewable energy [10] - The company manages over $100 billion in assets across 30 power markets in more than 20 countries, providing a stable dividend yield of 5.4% [11] - The majority of its funds from operations come from long-term power purchase agreements, ensuring predictable cash flows [11][12] Group 4: Conagra Brands - Conagra Brands is currently trading near a five-year low, facing demand pressures in the packaged food industry [13] - The company has revised its fiscal 2025 guidance, anticipating a 14.4% adjusted operating margin and a 2% decline in organic sales [14] - Despite challenges, Conagra continues to pay down debt and increase its dividend, resulting in its highest yield in a decade [16][17]