Brookfield Renewable Reports Record First Quarter Results

All amounts in U.S. dollars unless otherwise indicatedMarch 31Brookfield Renewable reported FFO of $296 million in the quarter, or $0.45 per unit for the three months ended March 31, 2024, an 8% increase compared to the prior year. The strong results reflect solid resources across our hydro fleet and the impact from development and growth initiatives. These results position us well to deliver our target 10%+ FFO per unit growth for the year. After deducting non-cash depreciation and other expenses, our Net loss attributable to Unitholders for the three months ended March 31, 2024 was $120 million.Quarterly Earnings Call DetailsMarch 31March 31(MILLIONS)PROPORTIONATE RESULTS FOR THE THREE MONTHS ENDEDActual GenerationRECONCILIATION OF NON-IFRS MEASURESscale
solarstorageThe following table reflects Adjusted EBITDA and provides a reconciliation from Net income (loss) to Adjusted EBITDA for the three months ended March 31, 2023:scale
solarenergy &
storagesolutionsThe following table reconciles the non-IFRS financial metrics to the most directly comparable IFRS measures. Net income is reconciled to Funds From Operations:March 31(MILLIONS)The following table reconciles the per Unit non-IFRS financial metrics to the most directly comparable IFRS measures. Net income per LP unit is reconciled to Funds From Operations:March 31March 31BEPC reported FFO of $219 million for the three months ended March 31, 2024 compared to $202 million in the prior year. After deducting non-cash depreciation, remeasurement of the BEPC exchangeable and class B shares, and other non-cash items our Net loss attributable to the partnership for the three months ended March 31, 2024 was $491 million.March 31March 31RECONCILIATION OF NON-IFRS MEASURESMarch 31(MILLIONS)Cautionary Statement Regarding Forward-looking Statements
(GlobeNewsWire)