Quarterly ResultMay 1, 2026, 06:57 AM
BEP Q1 FFO $375M, up 19%; Acquires Boralex; Sells $2.8B Assets
AI Summary
Brookfield Renewable Partners L.P. reported a strong start to 2026 with record Funds From Operations (FFO) of $375 million, a 19% increase year-over-year, or $0.55 per unit, up 15%. The quarter was highlighted by the acquisition of Boralex, a global renewable platform, and the agreement to sell nearly $2.8 billion in assets. The company also strengthened its balance sheet, ending the quarter with over $4.7 billion in available liquidity.
Key Highlights
- Acquired Boralex, a Canadian publicly listed renewable power platform with over 4,000 MW operating assets.
- Reported record Q1 FFO of $375 million, up 19% YoY, or $0.55 per unit, up 15% YoY.
- Net loss attributable to Unitholders was $229 million for Q1 2026.
- Generated ~$2.8 billion in expected proceeds from signed and closed asset sales.
- Hydroelectric segment FFO was $210 million, up almost 30% from prior year.
- Wind and solar segments combined FFO was $245 million, up over 60% from prior year.
- Ended the quarter with over $4.7 billion of available liquidity.
- Declared a quarterly distribution of $0.392 per LP unit, payable June 30, 2026.