BEP Earnings Prediction
The chart below shows how BEP performed 10 days before and after its earnings report, based on data from the past quarters. Typically, BEP sees a -2.78% change in stock price 10 days leading up to the earnings, and a +0.49% change 10 days following the report. On the earnings day itself, the stock moves by +1.53%. This data can give you a slight idea of what to expect for the next quarter's release.
BEP Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
1.47B
24.68%
-0.81%
Gross Margin
22.65%
13.65%
-3.25%
Operating Margin
38.23%
16.48%
28.46%
Net Margin
-2.65%
-229.90%
-55.39%
EPS
-0.32
-128.57%
14.29%
No Data Available
BEP Earnings Analysis
Brookfield Renewable Partners L.P. Corporation (BEP.N) Earnings Conference Call
Positive
Record Funds from Operations: 1. Record Funds from Operations: Brookfield Renewable reported record funds from operations of $278 million for Q3 2024, representing an 11% increase year-over-year, which positions the company well to achieve its target of over 10% FFO per unit growth for the year.
Asset Monetization Success: 2. Successful Asset Monetizations: The company generated approximately $2.3 billion from asset monetizations year-to-date, achieving returns of 2.5 times invested capital and IRRs exceeding 20%, significantly above corporate targets.
Hydro Contract Revenue Boost: 3. Strong Hydro Contracts: Brookfield secured contracts with U.S. utilities at an average price of nearly $90 per megawatt hour for an average duration of almost 15 years, which is expected to enhance annual revenue and contribute to future FFO growth.
Strong Liquidity Support: 4. Robust Liquidity Position: The company ended the quarter with $4.6 billion in available liquidity, supporting its growth initiatives and capital deployment strategy.
Equity Investment Strategy: 5. Significant Equity Deployment: Year-to-date, Brookfield has committed over $11 billion in equity into growth opportunities, including the proposed acquisition of Neoen, which is on track to close as planned.
Negative
Market Volatility Impact: 1. Declining Share Prices: Following the recent election results, share prices of many companies, including Brookfield Renewable, experienced a significant drop, indicating market volatility and investor uncertainty.
Capital Scarcity Impact: 2. Increased Capital Scarcity: The current market environment has led to a scarcity of capital for large businesses with ongoing capital needs, potentially impacting their growth and development pipelines.
M&A Activity Under Pressure: 3. Regulatory Uncertainty Impacting M&A: The uncertainty surrounding the new administration's policies may reduce access to capital for public companies, which could lead to a slowdown in M&A activity and affect valuations of development pipelines.
Tax Credit Concerns: 4. Potential Impact on Tax Credits: There are concerns regarding the future of tax credits, which could affect the cost structure of renewable projects, particularly for asset classes that rely heavily on government support.
Investment Risk in Renewables: 5. High Development Risk: Investments in new asset classes, such as offshore wind, carry higher construction and development risks, which may not yield returns comparable to established renewable technologies.
BEP FAQs
How does BEP typically perform around its earnings report dates?
Is Brookfield Renewable Partners L.P. Limited Partnership Units (BEP) Q3 2024 Earnings Call Summary positive or negative?
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BEP Earning Call Sentiment
Brookfield Renewable Partners L.P. Limited Partnership Units (BEP) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
BEP.N
-0.59%Positive
The earnings call summary shows strong financial performance with 11% FFO growth, significant asset sales, and a robust liquidity position. The Q&A section indicates management's confidence in growth prospects, especially in offshore wind and nuclear, despite uncertainties in tax policy. The positive sentiment from analysts regarding growth aspirations and asset recycling initiatives further supports a positive outlook. However, the lack of clarity on some questions tempers the sentiment slightly. Overall, the strategic developments and financial health suggest a positive stock price movement in the near term.
