Brookfield Renewable’s third-quarter loss was slightly larger than analysts expected, while funds from operations per unit rose 11% from a year earlier.
Brookfield Renewable Partners L.P. (TSX: BEP.UN) reported a third-quarter 2026 loss of US$0.52 per unit, compared with the US$0.51 loss analysts expected. Revenue was US$1.78 billion, and adjusted revenue was US$968 million, below the US$989.3 million consensus estimate. But the loss doesn’t tell the whole story: funds from operations (FFO) rose 11% to US$0.51 per unit. Here’s what Canadian investors should know about the results and the figures to watch on the BEP.UN stock page.
Recent earnings trend
Brookfield Renewable Partners L.P
BEP-UN.TO
BEP-UN.TO
Brookfield Renewable Partners L.P
WealthAwesomeMarket cap
$20.88B
Div. yield
3.66%
Div. / share
$1.55
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 6, 2026
Wall Street analysts forecast BEP-UN stock price to rise 6.3% 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
+6.3% Upside
Previously C$45.68 on Nov 5, 2026
Current Price
C$42.99
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
29.4%
Annualized
90-Day Vol
27.9%
Annualized
Trend (90d)
-38.1%
Annualized drift
90d Mean
C$37.52
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$41.08 | C$37.12 – C$45.46 |
| 60 trading days | C$39.26 | C$34.02 – C$45.31 |
| 90 trading days | C$37.52 | C$31.48 – C$44.72 |
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% |
Investor takeaway: The per-unit loss narrowly missed expectations, while adjusted revenue and several generation metrics also came in below analyst estimates. FFO per unit increased, supported by asset sales, development and operating-fleet performance. Brookfield Renewable also reported weaker hydrology in Ontario and Colombia. Investors should consider reported losses alongside FFO and watch whether acquisitions and asset sales lead to sustained growth in cash flow per unit.
Bull case
FFO rose to US$346 million, or US$0.51 per unit, from US$302 million, or US$0.46 per unit, a year earlier. Brookfield Renewable credited operating-fleet performance, asset sales and development for the increase. It completed its Boralex acquisition during the quarter and closed its Aypa acquisition after quarter-end, adding renewable power and battery-storage businesses. Management says long-term contracts and mostly fixed-rate debt help the company manage changing market conditions.
Bear case
The reported loss widened to US$0.52 per unit from US$0.23 a year earlier, narrowly missing analyst expectations. Adjusted revenue also fell short. Wind generation, total hydroelectric generation and utility-scale solar revenue were below analyst averages in the supplied metrics. Management cited weaker hydrology in Ontario and Colombia. The acquisitions also add businesses whose contribution to per-unit results has yet to be demonstrated. With negative trailing-12-month EPS and profit margin, investors should weigh cash-flow measures alongside accounting earnings.
Best next step
Keep exploring this topic
If you want to go deeper, these are the most useful follow-up pages and tools for this topic.
Broker comparison
Best trading platforms in Canada
Compare $0-commission brokers before you act on a ticker story.
Safe cash
Best GIC rates in Canada
If the story makes you want to de-risk, compare guaranteed rates next.
HISA roundup
Best high-interest savings accounts
Keep dry powder in a no-fee savings account instead of chequing.
TFSA room
Check TFSA contribution room
Shelter the next contribution before you buy.
Wealth Awesome
Timely coverage of Canadian stocks, earnings, dividends, and market movers for DIY investors. Stories are checked against exchange data and public filings.
View Full Profile →✅ Reviewed by Certified Financial Professionals
This content has been reviewed by CFA® charterholders and Certified Financial Planners (CFP®) with over a decade of experience in Canadian financial markets. All information is fact-checked against official Canadian sources and regulations.
Why these credentials matter: CFA® charterholders complete 900+ hours of rigorous study in investment analysis and ethics. CFP® professionals are held to the highest standards of financial planning competency and fiduciary duty in Canada.
⚠️ Professional Disclaimer
This content is for educational purposes only and should not be considered personalized financial advice. While our team brings professional expertise, individual circumstances vary. For personalized guidance, consult with a qualified financial advisor, tax professional, or mortgage specialist.
