Saturday 17 October 2026
Export BEP’s income statement to Excel — free account
Brookfield Renewable Partners L.P.
BEP Utilities Utilities Renewable
Brookfield Renewable Partners L.P.’s revenue for fiscal 2025 (year ended December 2025) was $8.0 billion, up 23.0% from fiscal 2024. In the quarter to June 2026, revenue grew 11.5%, EPS fell 68.2%, free cash flow grew 250.1% and total debt fell 2.17%, each against the same quarter a year earlier. Dividend growth for five consecutive years, revenue growth for five.
28.40
0.25
−0.87%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | 10.85 | 14.99 | 13.06 | 13.80 | 16.04 | 32.85 | 24.13 | 19.97 | 19.92 | 19.29 |
Analyst estimates 2026–2028 Powerpack |
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| High | 16.97 | 19.18 | 18.70 | 25.96 | 43.42 | 49.87 | 41.95 | 32.76 | 29.56 | 32.72 | |||||
| People | |||||||||||||||
| People | Employees | 2,175 | 2,270 | 2,325 | 2,600 | 2,630 | 2,875 | 3,400 | 4,770 | 5,270 | 5,870 | ||||
| Revenue/emp, $m | 1.16 | 1.18 | 1.30 | 1.57 | 1.50 | 1.53 | 1.43 | 1.20 | 1.23 | 1.36 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | 2,516 | 2,672 | 3,032 | 4,076 | 3,938 | 4,400 | 4,847 | 5,709 | 6,503 | 7,996 | ||||
| Gross margin, % | 58.74 | 63.40 | 65.83 | 69.01 | 67.65 | 68.98 | 70.41 | 66.14 | 60.33 | 63.69 | |||||
| EBT | (13) | 139 | 344 | 123 | (192) | (52) | 136 | 568 | (200) | 98 | |||||
| EBT margin, % | (0.52) | 5.20 | 11.35 | 3.02 | (4.88) | (1.18) | 2.81 | 9.95 | (3.08) | 1.23 | |||||
| Net income | 40 | 51 | 403 | 80 | (45) | (66) | 138 | 616 | (9) | 712 | |||||
| Depreciation | 781 | 782 | 819 | 1,271 | 1,367 | 1,501 | 1,583 | 1,852 | 2,010 | 2,425 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | 10.72 | 10.02 | 10.95 | 15.19 | 14.53 | 16.01 | 17.61 | 20.22 | 22.70 | 28.15 | ||||
| Earnings | (0.15) | (0.12) | 0.09 | (0.13) | (0.61) | (0.69) | (0.60) | (0.32) | (0.89) | (0.25) | |||||
| Cash flow | 2.69 | 3.48 | 3.98 | 5.79 | 4.78 | 2.67 | 6.22 | 6.60 | 4.45 | 4.04 | |||||
| Capex | (0.50) | (0.77) | (0.77) | (0.63) | (0.66) | (4.15) | (7.45) | (9.18) | (9.22) | (13.27) | |||||
| Free cash flow | 2.19 | 2.71 | 3.22 | 5.16 | 4.12 | (1.48) | (1.23) | (2.57) | (4.77) | (9.24) | |||||
| Book value | 53.97 | 53.56 | 62.13 | 76.33 | 80.29 | 87.29 | 95.52 | 106.16 | 127.24 | 123.15 | |||||
| Shares, m | 235 | 267 | 277 | 268 | 271 | 275 | 275 | 282 | 287 | 284 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | 0.00 | 0.00 | 159.35 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||
| P/S | 1.44 | 1.86 | 1.26 | 1.64 | 2.97 | 2.24 | 1.47 | 1.29 | 1.00 | 0.96 | |||||
| P/B | 0.29 | 0.36 | 0.23 | 0.34 | 0.56 | 0.43 | 0.28 | 0.25 | 0.18 | 0.22 | |||||
| EV/Sales | 5.33 | 5.87 | 4.67 | 5.73 | 7.38 | 6.88 | 6.34 | 6.20 | 5.71 | 4.99 | |||||
| EV/FCF | 26.09 | 21.68 | 26.49 | 16.85 | 26.01 | (74.52) | (90.63) | (48.69) | (27.16) | (15.20) | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | 632 | 928 | 1,103 | 1,554 | 1,296 | 734 | 1,711 | 1,865 | 1,274 | 1,147 | ||||
| Capex | (118) | (205) | (212) | (169) | (178) | (1,140) | (2,050) | (2,592) | (2,641) | (3,770) | |||||
| Free cash flow | 514 | 723 | 891 | 1,385 | 1,118 | (406) | (339) | (727) | (1,367) | (2,623) | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | (826) | (848) | 272 | (403) | (1,019) | (333) | (760) | (3,428) | (5,730) | (9,400) | ||||
| Total debt | 10,182 | 11,766 | 10,718 | 17,300 | 18,082 | 21,529 | 24,850 | 29,702 | 34,390 | 34,892 | |||||
| Net debt | 9,783 | 10,714 | 10,349 | 16,671 | 17,381 | 20,416 | 23,588 | 28,052 | 30,601 | 32,222 | |||||
| Shareholders’ equity | 12,672 | 14,282 | 17,206 | 20,480 | 21,767 | 23,996 | 26,286 | 29,979 | 36,456 | 34,974 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | (0.15) | (0.11) | 0.07 | (0.22) | (0.38) | (0.36) | (0.28) | (0.13) | (0.30) | (0.07) | ||||
| ROIC | 1.66 | 2.08 | 2.49 | 2.37 | 1.70 | 1.75 | 1.99 | 1.85 | 1.59 | 2.27 | |||||
| ROE | (0.34) | (0.25) | 0.16 | (0.48) | (0.91) | (0.87) | (0.68) | (0.33) | (0.78) | (0.20) | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
Brookfield Renewable Partners L.P. vs peers in Utilities Renewable (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| AXIAY AXIA Energia | $23.4B | 13.2× | 12.1× | +23.00% (above 0%: growing) | n/m | +98.52% (above 0%: growing) | 88.38% | 38.51% | Compare |
| ENLT Enlight Renewable Energy Ltd. | $9.8B | 102× | — | +42.95% (above 0%: growing) | −72.00% (below 0%: shrinking) | −87.75% (below 0%: shrinking) | 42.23% | 54.78% | Compare |
| BEP Brookfield Renewable Partners L.P. | $8.6B | — (loss-making) | — (loss-making) | +11.52% (above 0%: growing) | n/m | +250.13% (above 0%: growing) | 59.97% | 27.51% | |
| CWEN Clearway Energy, Inc. | $6.2B | 749× | — (loss-making) | +18.79% (above 0%: growing) | n/m | +735.90% (above 0%: growing) | 62.15% | 5.65% | Compare |
| ORA Ormat Technologies, Inc. | $5.5B | 42.9× | 78.5× | +10.57% (above 0%: growing) | −4.35% (below 0%: shrinking) | −376.02% (below 0%: shrinking) | 26.55% | 13.22% | Compare |
| BEPC Brookfield Renewable Corporation | $5.4B | — (loss-making) | — (loss-making) | +19.78% (above 0%: growing) | n/m | +116.56% (above 0%: growing) | 61.84% | 32.69% | Compare |
| EBR.B Eletrobras | $2.6B | 14.7× | — | +23.00% (above 0%: growing) | +118.50% (above 0%: growing) | +98.52% (above 0%: growing) | 88.38% | 38.51% | Compare |
| RNW ReNew Energy Global PLC | $2.5B | 21.9× | 27.8× | +5.42% (above 0%: growing) | +6.25% (above 0%: growing) | −179.75% (below 0%: shrinking) | 83.20% | 50.00% | Compare |
| XIFR XPLR Infrastructure, LP | $1.9B | 15.3× | — (loss-making) | +6.14% (above 0%: growing) | −52.38% (below 0%: shrinking) | −105.30% (below 0%: shrinking) | 100.00% | 16.53% | Compare |
| Median of peers | $5.4B | 21.9× | 27.8× | +19.29% | −4.35% | +5.39% | 72.68% | 35.60% |
Brookfield Renewable Partners L.P. (BEP) key facts
- Strength: Brookfield Renewable Partners L.P.’s revenue for fiscal 2025 (year ended December 2025) was $8.0 billion, up 23.0% from fiscal 2024.
- Brookfield Renewable Partners L.P. (BEP) is an Utilities Renewable company in the Utilities sector, listed on the New York Stock Exchange.
- As of October 16, 2026, BEP traded at $28.40, a market capitalization of $8.6 billion.
- Brookfield Renewable Partners L.P. pays an annual dividend of $1.55 per share, a yield of 5.45%.
- Return on equity was −0.20% and debt-to-equity 1.03.
- Its Piotroski F-score is 7 out of 9 for fiscal 2025.