Brookfield Renewable Corporation reported its third‑quarter 2025 results on November 5, 2025, showing a sharp rebound in cash‑generating performance. Funds from operations (FFO) for the quarter rose to $302 million, a 10% increase from $278 million in the same period a year earlier, and the nine‑month FFO climbed to $988 million, up 8.2% from $913 million in 2024. The growth was driven by a 12% increase in hydro‑electric FFO, a 15% rise in wind and solar, and a 9% uptick in distributed‑energy, storage and sustainable‑solutions FFO, reflecting a balanced mix of mature and development‑stage assets.
Revenue, however, fell short of expectations, coming in at $931 million versus the consensus estimate of $1.52 billion—a miss of $589 million. The shortfall was largely due to weaker-than‑anticipated sales in the U.S. wind segment and a decline in hydro‑electric sales in Canada, offset only partially by a modest gain in solar sales in the U.S. and Latin America. Analysts noted that the revenue miss was driven by a combination of lower commodity prices and a slowdown in new project approvals.
Net loss attributable to unitholders for the quarter was $120 million, a significant improvement from the $181 million loss reported in Q3 2024. The nine‑month loss narrowed to $429 million from $455 million a year earlier, reflecting the company’s continued investment in new projects and asset recycling, which generated non‑cash depreciation and other one‑time charges. Management explained that the loss is a strategic trade‑off to accelerate capacity additions and capture long‑term value.
CEO Connor Teskey emphasized the company’s confidence in its growth trajectory, stating, “We have never felt stronger about the growth prospects of our business.” He highlighted ongoing investments in AI‑driven operations and the partnership with the U.S. government to deploy Westinghouse reactor technology, positioning Brookfield Renewable for future expansion beyond traditional renewables.
The company declared a quarterly dividend of $0.373 per share, payable on December 31, 2025, underscoring its commitment to returning value to shareholders.
Market reaction to the results was cautious. Despite the revenue miss, investors focused on the continued EPS losses, which weighed on sentiment. Analysts noted that the company’s ability to generate cash from its diversified portfolio remains strong, but the persistent losses signal that profitability will remain a short‑term challenge until the new projects mature.
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