Brookfield Renewable’s third-quarter loss was slightly larger than analysts expected, but funds from operations per unit rose 11% from a year earlier.
Brookfield Renewable Partners L.P. (BEP-UN.TO) reported a third-quarter 2026 loss of US$0.52 per unit, compared with analysts’ expected loss of US$0.51. That was a 2% miss. Revenue was US$1.78 billion, and adjusted revenue was US$968 million, below the estimate of about US$989 million.
Recent earnings trend
Brookfield Renewable Partners L.P
BEP-UN.TO
BEP-UN.TO
Brookfield Renewable Partners L.P
WealthAwesomeMarket cap
$20.58B
Div. yield
3.65%
Div. / share
$1.53
52W high
$52.21
52W low
$35.37
1W change
+5.98%
Beta
0.95
Analyst Price Targets
Based on analyst covering BEP-UN · as of Nov 5, 2026
Wall Street analysts forecast BEP-UN stock price to rise 6.4% over the next 12 months.
Consensus
Moderately BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$45.68
+6.4% Upside
Previously C$45.60 on Nov 4, 2026
Current Price
C$42.92
Last close
Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on BEP-UN's historical volatility
30-Day Vol
30.2%
Annualized
90-Day Vol
27.9%
Annualized
Trend (90d)
-19.7%
Annualized drift
90d Mean
C$40.00
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$41.93 | C$37.78 – C$46.52 |
| 60 trading days | C$40.95 | C$35.35 – C$47.45 |
| 90 trading days | C$40.00 | C$33.41 – C$47.91 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Analyst coverage: 5 analyst(s) cover this name; upcoming EPS consensus is available.
Beat estimates in 3 of the last 4 comparable quarter(s).
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-09-30 | 2026-11-04 | -0.5200 | -0.5100 | -2.0% |
| 2026-06-30 | 2026-07-31 | -0.3700 | -0.4000 | +7.5% |
| 2026-03-31 | 2026-05-01 | -0.4000 | -0.4400 | +9.1% |
| 2025-12-31 | 2026-01-30 | 0.5400 | -0.3800 | +242.1% |
| 2025-09-30 | 2025-11-05 | -0.2300 | -0.0900 | -155.6% |
| 2025-06-30 | 2025-08-01 | -0.2200 | -0.4800 | +54.2% |
Cash flow told a stronger story. Funds from operations (FFO) reached US$346 million, or US$0.51 per unit, up 15% and 11%, respectively, from a year earlier. For Canadian investors, the results show how reported earnings and cash flow can paint different pictures of a renewable power partnership.
Investor takeaway: The earnings miss was modest, but revenue also fell short of expectations. FFO growth was the brighter spot, supported by the operating fleet, development activity and asset sales. Investors should weigh that progress against uneven generation and the reported net loss, rather than judging the quarter on earnings alone.
US$0.51 FFO per unit, up 11% year over year
Brookfield Renewable reported US$346 million in third-quarter FFO, up from US$302 million a year earlier. FFO improved even as the partnership posted a US$0.52-per-unit loss and missed analysts’ earnings estimate by 2%.
Bull case
FFO per unit rose 11% from a year earlier. Management pointed to long-term contracted cash flows, development activity and asset sales as contributors. Brookfield Renewable completed its Boralex acquisition during the quarter and closed its Aypa acquisition after quarter-end, adding renewable power and battery-storage businesses. The company also reported about US$2.8 billion in asset-sale proceeds signed or received since the end of the second quarter, including roughly US$850 million net to Brookfield Renewable.
Bear case
Adjusted revenue came in below expectations, and the reported loss was slightly larger than analysts had forecast. Generation results were mixed. Hydroelectric and wind generation both fell below the cited analyst averages, while weaker water conditions in Ontario and Colombia weighed on the hydro business. Brookfield Renewable reported a US$314 million net loss attributable to unitholders for the quarter. Its 3.65% dividend yield may appeal to income-focused investors, but it does not eliminate operating, financing or unit-price risk.
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