Brookfield Renewable Partners
BEP · NYSEElectric Services · Fiscal year ends Dec 31
Brookfield Renewable Partners reported revenue of $6.4B in the fiscal year ended Dec 2025, up 9.0% from the year before. Net income was $712M. Operating cash flow of $1.1B less capital expenditure of $6.6B left free cash flow of −$5.4B.
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | $4.1B | $4.7B | $5B | $5.9B | $6.4B |
| Interest expense | $2M | $0 | $35M | $63M | $189M |
| Income tax | $14M | −$2M | −$48M | −$191M | −$614M |
| Net income | −$66M | $138M | $616M | −$9M | $712M |
Balance sheet
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | $900M | $998M | $1.1B | $3.1B | $2.1B |
| Receivables | $1.7B | $1.9B | $1.5B | $2.1B | $2.5B |
| Inventory | $31M | $42M | $111M | $154M | $177M |
| Current assets | $2.9B | $4.2B | $4.6B | $8.8B | $12.3B |
| Net PP&E | $49.4B | $54.3B | $64B | $73.5B | $70.5B |
| Goodwill | $966M | $1.5B | $1.9B | $5.4B | $6B |
| Total assets | $55.9B | $64.1B | $76.1B | $94.8B | $98.7B |
| Payables | $779M | $1.1B | $1.5B | $2.1B | $2.2B |
| Current liabilities | $3.2B | $4.9B | $8B | $14.6B | $21.7B |
| Total liabilities | – | $37.8B | $46.1B | $58.4B | $63.7B |
| Shareholders' equity | $4.1B | $4.1B | $4B | $3.6B | $4B |
Cash flow
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | $734M | $1.7B | $1.9B | $1.3B | $1.1B |
| Capital expenditure | $2B | $2.2B | $2.8B | $3.7B | $6.6B |
| Free cash flow | −$1.2B | −$479M | −$944M | −$2.5B | −$5.4B |
Key ratios
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 15.0% | 6.9% | 16.6% | 9.0% |
| Net margin | −1.6% | 2.9% | 12.2% | −0.2% | 11.1% |
| Return on equityBlank when equity is negative | −1.6% | 3.4% | 15.5% | −0.2% | 17.9% |
| Free cash flow margin | −30.1% | −10.2% | −18.7% | −41.8% | −84.9% |
| Cash conversion (CFO ÷ net income) | −11.1x | 12.4x | 3.03x | −142x | 1.61x |
| Receivable days | 150 | 144 | 110 | 132 | 145 |
| Current ratio | 0.90x | 0.85x | 0.57x | 0.61x | 0.57x |
Recent filings
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Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.