BEP - Brookfield Renewable Partners FFO of $0.48 misses by $0.01 revenue of $1.21B misses by $210M

2023-08-04 06:56:13 ET

• Brookfield Renewable Partners press release ( NYSE: BEP ): Q2 FFO of $0.48 misses by $0.01 .
• Net income totaling $151 million increased by $29 million over the same period in the prior year.
• Revenue of $1.21B (-4.7% Y/Y) misses by $210M .
• Liquidity position remains robust, with over $4.5 billion of total available liquidity, providing significant flexibility to fund growth, and no meaningful near term maturities.
• Outlook: The outlook for our business is as strong as ever and we are positioned to benefit in the current environment with a significantly de-risked development pipeline, a resilient and diversified global operating business and our differentiated growth capabilities. We remain focused on our goal of delivering 12-15% long-term total returns for investors while remaining disciplined in our approach and playing to our strengths.

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