Brookfield Renewable Partners LP (BEP) reported its fourth quarter 2024 results on January 31, 2025. The key highlights were:

- Funds From Operations (FFO) rose to $304 million or $0.46 per unit, up from $255 million or $0.38 per unit a year ago, beating analyst estimates of $0.42. The strong FFO growth was driven by contributions from acquisitions, organic growth initiatives, and asset sales.

- Revenue increased to $1.43 billion from $1.32 billion in the prior year quarter, slightly missing estimates of $1.45 billion.

- The company reported a net loss of $9 million or $0.06 per unit, compared to net income of $35 million or $0.01 per unit last year. However, this was better than analyst expectations of a $0.12 per unit loss.

- Brookfield announced a 5% increase in its quarterly distribution to $0.373 per unit, payable on March 31, 2025. This marks the 14th consecutive year of at least a 5% annual distribution increase.

Brookfield highlighted its strong growth outlook, especially in the U.S. market driven by corporate demand for renewable energy. It does not expect any material policy changes that would negatively impact its business. The company also announced key leadership appointments, including new Co-Presidents, Chief Operating Officer, and Chief Financial Officer.