Brookfield Renewable Energy Partners (BEP) Reports Q2 Loss of $0.14, Revenues Miss

Brookfield Renewable Energy Partners (NYSE: BEP) reported Q2 EPS of ($0.14), versus $0.05 reported last year. Revenue for the quarter came in at $651 million versus the consensus estimate of $657 million.

“We had a strong quarter, as we executed on our key strategic priorities, including delivering operational performance, investing in growth, and bolstering our liquidity position to $3.4 billion,” said Sachin Shah, CEO of Brookfield Renewable. “We are pleased to have completed the creation of Brookfield Renewable Corporation and closed the merger with TerraForm Power. Looking forward, we believe our global scale, operational depth and financial strength positions us well to benefit from global decarbonization and continue to deliver on our target of 12-15% long-term returns to equity holders."

For earnings history and earnings-related data on Brookfield Renewable Energy Partners (BEP) click here.

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