Brookfield Renewable Partners Future Growth

Future criteria checks 4/6

Brookfield Renewable Partners is forecast to grow earnings and revenue by 46.5% and 7.5% per annum respectively. EPS is expected to grow by 41.1% per annum. Return on equity is forecast to be -78.8% in 3 years.

Key information

46.5%

Earnings growth rate

41.1%

EPS growth rate

Renewable Energy earnings growth	10.5%
Revenue growth rate	7.5%
Future return on equity	-78.8%
Analyst coverage	Good
Last updated	29 Apr 2024

Recent future growth updates

No updates

Recent updates

Earnings and Revenue Growth Forecasts

TSX:BEP.PRO - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	6,873	130	1,341	1,953	3
12/31/2025	6,077	-11	1,539	1,994	7
12/31/2024	5,693	-386	924	1,496	7
12/31/2023	5,038	-30	-944	1,865	N/A
9/30/2023	4,936	-146	-388	1,984	N/A
6/30/2023	4,862	-219	-330	2,015	N/A
3/31/2023	4,931	-177	-239	2,071	N/A
12/31/2022	4,711	-222	-479	1,711	N/A
9/30/2022	4,614	-198	-1,217	1,397	N/A
6/30/2022	4,475	-177	-1,211	1,124	N/A
3/31/2022	4,220	-242	-1,444	686	N/A
12/31/2021	4,096	-301	-1,233	734	N/A
9/30/2021	3,967	-367	-270	751	N/A
6/30/2021	3,868	-418	-22	814	N/A
3/31/2021	3,791	-401	517	1,188	N/A
12/31/2020	3,820	-250	849	1,296	N/A
9/30/2020	3,805	-207	699	1,266	N/A
6/30/2020	3,873	-105	936	1,452	N/A
3/31/2020	4,246	-80	1,146	1,642	N/A
12/31/2019	4,030	-59	1,094	1,554	N/A
9/30/2019	3,863	104	1,359	1,591	N/A
6/30/2019	3,602	105	1,246	1,475	N/A
3/31/2019	3,022	116	962	1,174	N/A
12/31/2018	3,850	118	1,015	1,286	N/A
9/30/2018	2,859	-80	737	999	N/A
6/30/2018	2,793	-70	640	949	N/A
3/31/2018	2,741	-33	588	928	N/A
1/1/2018	2,778	-28	259	616	N/A
9/30/2017	2,539	-11	N/A	844	N/A
6/30/2017	2,511	-4	N/A	810	N/A
3/31/2017	2,455	-74	N/A	707	N/A
12/31/2016	2,452	-50	N/A	632	N/A
9/30/2016	2,273	-32	N/A	566	N/A
6/30/2016	2,030	-21	N/A	556	N/A
3/31/2016	1,861	21	N/A	581	N/A
12/31/2015	1,628	4	N/A	588	N/A
9/30/2015	1,636	59	N/A	616	N/A
6/30/2015	1,644	43	N/A	644	N/A
3/31/2015	1,665	67	N/A	660	N/A
12/31/2014	1,704	114	N/A	700	N/A
9/30/2014	1,703	105	N/A	706	N/A
6/30/2014	1,751	148	N/A	767	N/A
3/31/2014	1,758	151	N/A	805	N/A
12/31/2013	1,706	137	N/A	735	N/A
9/30/2013	1,639	60	N/A	689	N/A
6/30/2013	1,477	-2	N/A	524	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: BEP.PRO is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.1%).

Earnings vs Market: BEP.PRO is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: BEP.PRO is expected to become profitable in the next 3 years.

Revenue vs Market: BEP.PRO's revenue (7.5% per year) is forecast to grow faster than the Canadian market (6.4% per year).

High Growth Revenue: BEP.PRO's revenue (7.5% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: BEP.PRO is forecast to be unprofitable in 3 years.

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/05/01 15:47
End of Day Share Price	2024/05/01 00:00
Earnings	2023/12/31
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Brookfield Renewable Partners L.P. is covered by 34 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Harshit Gupta	Accountability Research Corporation
Mark Westby	ATB Capital Markets
Ross Allen Fowler	Barclays

Brookfield Renewable Partners Future Growth

Future criteria checks 4/6

Key information

Recent future growth updates

Recent updates

Abu Dhabi Future Energy Company PJSC completed the acquisition of Saeta Yield, S.A. from Brookfield Renewable Partners L.P. (TSX:BEP.UN).

Abu Dhabi Future Energy Company PJSC agreed to acquire Saeta Yield, S.A. from Brookfield Renewable Partners L.P. (TSX:BEP.UN) for an enterprise value of €1.2 billion.

Brookfield Renewable Partners L.P. Announces Quarterly Distribution , Payable September 27, 2024

Brookfield Leads Group Reportedly Seeks Takeover of Neoen

Brookfield Renewable Partners L.P. to Report Q1, 2024 Results on May 03, 2024

Brookfield Renewable Partners L.P. Declares Quarterly Distribution,Payable on March 28, 2024

Brookfield Renewable Partners L.P. Announces Quarterly Dividend, Payable on December 29, 2023

Brookfield Renewable Partners L.P. (TSX:BEP.UN) acquired Banks Renewables Limited from Banks Renewables Holdings Limited.

Cubico Sustainable Investments acquired Carape I, Carape II and Alto Cielo solar photovoltaic plant from Brookfield Renewable Partners L.P. (TSX:BEP.UN).

Brookfield Renewable Partners L.P. Appoints Lluis Noguera as Global Head of Development

Brookfield Renewable Partners L.P. Announces Quarterly Distribution, Payable on September 29, 2023

Brookfield Renewable Partners L.P. to Report Q2, 2023 Results on Aug 04, 2023

Brookfield Renewable Partners L.P. announced that it expects to receive $156.249995 million in funding from Brookfield Reinsurance Ltd.

Brookfield Renewable Partners L.P. (TSX:BEP.UN) and Brookfield Renewable Corporation (TSX:BEPC) entered into an agreement to acquire an unknown minority stake Duke Energy Renewables LLC from Duke Energy Corporation (NYSE:DUK) for $2.8 billion.

Brookfield Renewable Partners L.P. Announces Quarterly Dividend, Payable on June 30, 2023

Brookfield Renewable Partners L.P. Announces Quarterly Distribution, Payable on March 31, 2023

Brookfield Renewable Partners L.P. to Report Q4, 2022 Results on Feb 03, 2023

Brookfield Renewable Partners L.P. Announces Next Quarterly Distribution, Payable on December 30, 2022

Brookfield Renewable Partners L.P. to Report Q3, 2022 Results on Nov 04, 2022

A strategic consortium led by Cameco Corporation (TSX:CCO) and Brookfield Renewable Partners L.P. (TSX:BEP.UN) entered into an equity purchase agreement to acquire Westinghouse Electric Company LLC from Brookfield Business Partners L.P. (NYSE:BBU) and others at an enterprise value of $7.9 billion.

Brookfield Renewable Partners L.P. Declares Quarterly Dividend, Payable on September 29, 2022

Brookfield Renewable Partners L.P. to Report Q2, 2022 Results on Aug 05, 2022

Brookfield Renewable Partners L.P. to Report Q1, 2022 Results on May 06, 2022

Brookfield Renewable Partners L.P. Declares Quarterly Dividend, Payable on March 31, 2022

NextEra Energy Partners, LP (NYSE:NEP) completed the acquisition of 391-Megawatt portfolio of four operating wind assets of Brookfield Renewable Partners L.P. (TSX:BEP.UN).

Brookfield Renewable Partners L.P. Declares Quarterly Distribution, Payable on June 30, 2021

Brookfield Renewable Partners L.P. (TSX:BEP.UN) completed the acquisition of 22.8% stake in Polenergia S.A. (WSE:PEP) for approximately PLN 650 million.

Brookfield Renewable Partners L.P. to Report Q4, 2020 Results on Feb 04, 2021

An unknown buyer acquired the Final Project in South Africa of Brookfield Renewable Partners L.P. (TSX:BEP.UN).

Brookfield Renewable Partners L.P. to Report Q3, 2020 Results on Nov 04, 2020

Brookfield Renewable Partners L.P. Announces CEO Changes

Brookfield Renewable Partners L.P. to Report Q3, 2020 Results on Nov 05, 2020

Plug Power Inc. Announces an Agreement to Source 100% Renewable Energy Supplies from Brookfield Renewable Partners L.P. and Brookfield Renewable Corporation

Brookfield Renewable Partners L.P. (TSX:BEP.UN) signed an agreement to acquire solar development projects in Brazil.

An unknown buyer acquired solar development project in the United States from Brookfield Renewable Partners L.P. (TSX:BEP.UN).

Brookfield Renewable Partners L.P. completed the Spin-Off of Brookfield Renewable Corporation Inc. (TSX:BEPC).

Brookfield Renewable Partners L.P. (TSX:BEP.UN) completed the acquisition of the remaining 38.5% stake in TerraForm Power, Inc

Brookfield Renewable Partners L.P. (TSX:BEP.UN) acquired 47 MW of Operating Solar Capacity in India.

Globeleq Generation Limited completed the acquisition of Five Renewable Projects Totaling 178 MWs from Brookfield Renewable Partners L.P. (TSX:BEP.UN) and others.