Quarterly ResultMay 1, 2026, 04:23 PM
Brookfield Renewable Q1 Net Loss Widens to $2.30B from $5M
AI Summary
Brookfield Renewable Corp reported a substantial net loss of $2,302 million for Q1 2026, a significant increase from a $5 million net loss in Q1 2025. This widening loss was primarily driven by remeasurement losses on interests held by the partnership and BEPC exchangeable shares. Revenues decreased slightly to $883 million, while assets held for sale significantly increased to $2,171 million, reflecting ongoing divestment activities including the sale of a 25% interest in a U.S. hydroelectric portfolio and agreements to sell further wind, solar, and hydroelectric assets.
Key Highlights
- Net loss for Q1 2026 was $(2,302) million, compared to $(5) million in Q1 2025.
- Remeasurement loss on partnership interests was $(1,102) million in Q1 2026.
- Remeasurement loss on BEPC exchangeable shares was $(933) million in Q1 2026.
- Revenues decreased to $883 million in Q1 2026 from $907 million in Q1 2025.
- Assets held for sale increased to $2,171 million as of March 31, 2026.
- Total Equity decreased to $6,983 million as of March 31, 2026.
- Completed sale of 25% interest in 403 MW hydro portfolio for $230 million.
- Agreed to sell 132 MW wind/solar portfolio for $89 million.