Brookfield Renewable Partners L.P. (BEP) Balance Sheet
BEP balance sheet, 2025
December 31, 2025 · U.S. dollars$98.52B assets = $63.61B liabilities + $34.91B equity
Both columns are drawn to the same scale: what BEP owns equals what it owes plus shareholders’ equity. Hover a block for its value.
BEP financial health
Descriptive bands, not a rating. Fiscal 2025.
BEP balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $27.74B2016 | $98.52B2025 | +15.1%/yr | |
| Total liabilities | $15.06B2016 | $63.61B2025 | +17.4%/yr | |
| Shareholders’ equity | $3.77B2016 | $4.60B2025 | +2.2%/yr | |
| Cash & short-term investments | $399.0M2016 | $2.67B2025 | +23.5%/yr | |
| Total debt | $10.18B2016 | $35.73B2025 | +15.0%/yr | |
| Net cash (debt) | −$9.78B2016 | −$33.07B2025 | −$23.3B | |
| Working capital | −$826.0M2016 | −$9.38B2025 | −$8.6B | |
| Book value per share | $16.072016 | $16.022025 | −0.0%/yr | |
| Current ratio | 0.522016 | 0.572025 | +0.04 | |
| Debt / equity | 2.702016 | 7.782025 | +5.08 | |
| Shares outstanding | 234.8M2016 | 287.0M2025 | +2.3%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
BEP assets
BEP liabilities and equity
BEP debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
BEP balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $2.67B | $3.70B | $1.36B | $1.24B | $764.0M | $431.0M | $269.0M | $369.0M | $1.05B | $399.0M |
| Cash & equivalents | $2.31B | $3.13B | $1.14B | $998.0M | $764.0M | $431.0M | $269.0M | $309.0M | $971.0M | $331.0M |
| Short-term investments | $356.4M | $568.0M | $222.0M | $238.0M | $60.0M | $62.0M | $88.0M | $60.0M | $81.0M | $68.0M |
| Receivables | $2.80B | $1.45B | $2.11B | $831.0M | $899.0M | $1.66B | $659.0M | $558.0M | $502.0M | $419.0M |
| Inventory | $176.7M | $154.0M | $111.0M | $42.0M | $31.0M | $26.0M | $536.0M | −$60.0M | −$72.0M | −$55.0M |
| Other current assets | $6.63B | $3.53B | $1.03B | $2.07B | $1.17B | $0 | $10.0M | $1.09B | $184.0M | $144.0M |
| Total current assets | $12.28B | $8.84B | $4.61B | $4.18B | $2.86B | $2.09B | $1.47B | $1.96B | $1.67B | $907.0M |
| Property, plant & equipment (net) | $70.33B | $73.47B | $64.00B | $54.28B | $49.43B | $44.59B | $30.70B | $29.01B | $27.08B | $25.24B |
| Goodwill & intangible assets | $6.01B | $5.44B | $1.96B | $1.74B | $1.18B | $1.20B | $831.0M | $839.0M | $914.0M | $910.0M |
| Long-term investments | $8.48B | $5.79B | $4.31B | $1.39B | $1.11B | $971.0M | $1.89B | $1.57B | $721.0M | $206.0M |
| Other non-current assets | $1.43B | $1.26B | $1.24B | $2.52B | $1.28B | $867.0M | $793.0M | $720.0M | $520.0M | $471.0M |
| Total assets | $98.52B | $94.81B | $76.13B | $64.11B | $55.87B | $49.72B | $35.69B | $34.10B | $30.90B | $27.74B |
| Liabilities | ||||||||||
| Accounts payable | $957.3M | $787.0M | $388.0M | $276.0M | $208.0M | $4.36B | $111.0M | $76.0M | $117.0M | $92.0M |
| Short-term debt | $7.62B | $5.89B | $5.22B | $2.63B | $1.85B | $2.13B | $700.0M | $495.0M | $1.68B | $1.03B |
| Deferred revenue | $62.9M | $47.0M | $34.8M | $24.0M | $760.0M | −$297.0M | $734.0M | $1.6M | $537.0M | $451.0M |
| Total current liabilities | $21.66B | $14.56B | $8.04B | $4.94B | $3.22B | $6.49B | $1.68B | $1.69B | $2.51B | $1.73B |
| Long-term debt | $28.17B | $29.79B | $25.49B | $23.10B | $21.53B | $18.08B | $16.17B | $10.22B | $10.09B | $9.15B |
| Lease obligations | $905.0M | $1.16B | $768.0M | $559.0M | $464.0M | $438.0M | $133.0M | — | — | — |
| Other long-term liabilities | $13.79B | $14.00B | $12.62B | $9.78B | $7.12B | $3.38B | $0 | $4.99B | $4.02B | $4.18B |
| Total liabilities | $63.61B | $58.35B | $46.15B | $37.83B | $31.87B | $27.95B | $17.56B | $16.90B | $16.62B | $15.06B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | −$3.28B | $2.00B | $3.10B | $3.61B | $9.61B | $4.20B | −$1.12B | −$948.0M | −$259.0M | −$257.0M |
| Retained earnings (deficit) | — | — | $2.11B | −$4.85B | $20.54B | $17.88B | −$508.3M | −$359.6M | $10.07B | $9.16B |
| Accumulated other comprehensive income | $7.24B | $7.12B | $6.67B | $6.59B | $5.60B | $4.83B | $5.70B | $5.43B | $4.21B | $3.71B |
| Minority interest | $30.37B | $32.22B | $25.26B | $21.43B | — | — | — | — | — | — |
| Total shareholders' equity | $4.60B | $9.75B | $10.53B | $10.96B | $24.00B | $21.77B | $5.41B | $5.19B | $4.47B | $3.77B |
| Key figures | ||||||||||
| Total debt | $35.73B | $35.90B | $30.92B | $25.73B | $23.38B | $20.22B | $11.14B | $10.72B | $11.77B | $10.18B |
| Net cash (debt) | −$33.07B | −$32.19B | −$29.56B | −$24.49B | −$22.61B | −$19.79B | −$10.87B | −$10.35B | −$10.71B | −$9.78B |
| Working capital | −$9.38B | −$5.73B | −$3.43B | −$760.0M | −$361.0M | −$4.40B | −$204.0M | $272.0M | −$848.0M | −$826.0M |
| Tangible book value | −$1.41B | $4.31B | $8.57B | $9.22B | $22.81B | $20.57B | $4.58B | $4.35B | $3.55B | $2.86B |
| Book value per share | $16.02 | $34.19 | $37.30 | $39.80 | $87.23 | $79.20 | $24.59 | $23.70 | $16.51 | $16.07 |
| Shares outstanding | 287.0M | 285.2M | 282.4M | 275.4M | 275.1M | 274.8M | 220.0M | 219.0M | 270.6M | 234.8M |
| Current ratio | 0.57 | 0.61 | 0.57 | 0.85 | 0.89 | 0.32 | 0.88 | 1.16 | 0.66 | 0.52 |
| Quick ratio | 0.25 | 0.35 | 0.43 | 0.42 | 0.52 | 0.32 | 0.55 | 0.55 | 0.62 | 0.47 |
| Debt / equity | 7.78 | 3.68 | 2.94 | 2.35 | 0.97 | 0.93 | 2.06 | 2.06 | 2.63 | 2.70 |
| Equity / assets | 4.7% | 10.3% | 13.8% | 17.1% | 43.0% | 43.8% | 15.2% | 15.2% | 14.5% | 13.6% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $2.77B | $3.08B | $2.67B | $2.08B | $2.45B | $2.42B | $3.70B | $1.67B | $1.55B | $1.69B | $1.36B | $1.20B |
| Cash & equivalents | $2.24B | $2.47B | $2.31B | $1.83B | $1.91B | $1.96B | $3.13B | $1.27B | $1.24B | $1.42B | $1.14B | $1.03B |
| Short-term investments | $528.4M | $605.0M | $356.4M | $244.0M | $539.0M | $468.0M | $568.0M | $408.0M | $318.0M | $262.0M | $222.0M | $166.0M |
| Receivables | $2.80B | $3.02B | $2.80B | $1.37B | $1.43B | $1.51B | $1.45B | $1.08B | $1.13B | $1.05B | $2.11B | $827.0M |
| Inventory | $174.8M | $142.5M | $176.7M | $120.0M | $163.0M | $138.0M | $154.0M | $137.0M | $125.0M | $120.0M | $111.0M | $41.0M |
| Other current assets | $5.02B | $6.82B | $6.63B | $8.44B | $3.77B | $4.64B | $3.53B | $3.60B | $1.39B | $1.20B | $1.03B | $1.04B |
| Total current assets | $10.76B | $13.06B | $12.28B | $12.00B | $7.81B | $8.71B | $8.84B | $6.48B | $4.20B | $4.05B | $4.61B | $3.11B |
| Property, plant & equipment (net) | $69.53B | $69.73B | $70.33B | $71.55B | $76.35B | $73.72B | $73.47B | $61.39B | $61.83B | $63.53B | $64.00B | $56.44B |
| Goodwill & intangible assets | $6.03B | $6.06B | $6.01B | $5.87B | $6.13B | $5.68B | $5.44B | $1.98B | $1.89B | $1.95B | $1.96B | $1.56B |
| Long-term investments | $8.81B | $8.20B | $8.48B | $7.33B | $6.73B | $5.80B | $5.79B | $4.14B | $4.59B | $4.30B | $4.31B | $3.44B |
| Other non-current assets | $1.49B | $1.51B | $1.43B | $1.56B | $1.58B | $1.36B | $1.26B | $1.17B | $1.30B | $1.29B | $1.24B | $1.02B |
| Total assets | $96.63B | $98.56B | $98.52B | $98.30B | $98.60B | $95.28B | $94.81B | $75.17B | $73.80B | $75.11B | $76.13B | $65.56B |
| Liabilities | ||||||||||||
| Accounts payable | $998.8M | $975.2M | $957.3M | $934.0M | $1.08B | $733.0M | $787.0M | $511.0M | $346.0M | $442.0M | $388.0M | $308.0M |
| Short-term debt | $6.21B | $8.08B | $7.62B | $6.92B | $6.34B | $6.14B | $5.89B | $4.19B | $5.19B | $4.13B | $5.22B | $1.74B |
| Deferred revenue | $66.9M | $67.2M | $62.9M | $59.9M | $57.1M | $52.0M | $47.0M | $42.9M | $41.0M | $38.0M | $34.8M | $31.8M |
| Total current liabilities | $13.41B | $17.46B | $21.66B | $20.61B | $17.70B | $17.13B | $14.56B | $8.88B | $8.06B | $7.18B | $8.04B | $4.08B |
| Long-term debt | $30.77B | $28.60B | $27.31B | $29.18B | $31.59B | $29.54B | $28.68B | $25.54B | $24.83B | $25.27B | $24.77B | $22.67B |
| Lease obligations | $48.0M | $47.0M | $905.0M | $50.0M | $58.0M | $57.0M | $1.16B | $36.0M | $38.0M | $42.0M | $768.0M | $36.0M |
| Other long-term liabilities | $16.65B | $17.15B | $14.64B | $15.67B | $15.98B | $14.99B | $15.11B | $12.79B | $12.93B | $13.29B | $13.34B | $10.50B |
| Total liabilities | $60.82B | $63.21B | $63.61B | $65.46B | $65.27B | $61.66B | $58.35B | $47.22B | $45.82B | $45.74B | $46.15B | $37.24B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | −$3.55B | −$3.46B | −$3.28B | $886.0M | $1.31B | $1.61B | $2.00B | $1.62B | $2.04B | $2.61B | $3.10B | $3.44B |
| Retained earnings (deficit) | — | — | — | — | — | — | — | — | $2.49B | $2.30B | $2.11B | $2.01B |
| Accumulated other comprehensive income | $7.29B | $7.17B | $7.24B | $7.15B | $7.18B | $7.12B | $7.12B | $6.66B | $6.64B | $6.76B | $6.67B | $6.78B |
| Minority interest | $31.46B | $31.04B | $30.37B | $29.08B | $29.36B | — | — | — | — | — | — | — |
| Total shareholders' equity | $4.38B | $4.21B | $4.60B | $8.67B | $9.13B | $9.36B | $9.75B | $8.91B | $9.32B | $10.13B | $10.53B | $10.98B |
| Key figures | ||||||||||||
| Total debt | $36.94B | $36.77B | $35.73B | $36.32B | $38.17B | $35.91B | $35.90B | $29.93B | $30.22B | $29.60B | $30.92B | $24.41B |
| Net cash (debt) | −$34.17B | −$33.69B | −$33.07B | −$34.25B | −$35.72B | −$33.48B | −$32.19B | −$28.26B | −$28.67B | −$27.92B | −$29.56B | −$23.21B |
| Working capital | −$2.65B | −$4.39B | −$9.38B | −$8.61B | −$9.89B | −$8.42B | −$5.73B | −$2.40B | −$3.85B | −$3.13B | −$3.43B | −$969.0M |
| Tangible book value | −$1.65B | −$1.85B | −$1.41B | $2.81B | $3.00B | $3.68B | $4.31B | $6.93B | $7.43B | $8.19B | $8.57B | $9.42B |
| Book value per share | $14.60 | $13.89 | $16.02 | $30.22 | $32.17 | $32.44 | $34.19 | $30.99 | $32.69 | $34.79 | $36.68 | $37.49 |
| Shares outstanding | 300.1M | 303.3M | 287.0M | 287.0M | 283.8M | 288.6M | 285.2M | 287.5M | 285.1M | 291.3M | 287.2M | 292.9M |
| Current ratio | 0.80 | 0.75 | 0.57 | 0.58 | 0.44 | 0.51 | 0.61 | 0.73 | 0.52 | 0.56 | 0.57 | 0.76 |
| Quick ratio | 0.42 | 0.35 | 0.25 | 0.17 | 0.22 | 0.23 | 0.35 | 0.31 | 0.33 | 0.38 | 0.43 | 0.50 |
| Debt / equity | 8.43 | 8.73 | 7.78 | 4.19 | 4.18 | 3.84 | 3.68 | 3.36 | 3.24 | 2.92 | 2.94 | 2.22 |
| Equity / assets | 4.5% | 4.3% | 4.7% | 8.8% | 9.3% | 9.8% | 10.3% | 11.9% | 12.6% | 13.5% | 13.8% | 16.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 27, 2026); data from EODHD.
BEP financial position
At the end of fiscal 2025 (December 31, 2025), Brookfield Renewable Partners had total assets of $98.5 billion (up 3.9% from a year earlier), total liabilities of $63.6 billion and shareholders' equity of $4.6 billion. It held $2.7 billion in cash and short-term investments against $35.7 billion of debt, net debt of $33.1 billion. Its current ratio was 0.57. In the latest quarter (ended June 30, 2026) total assets were $96.6 billion and equity $4.4 billion.
Related: BEP income statement, BEP cash flow statement, BEP key metrics. See the BEP stock overview for the latest quote and news.
BEP balance sheet FAQ
What are Brookfield Renewable Partners's total assets?
Brookfield Renewable Partners reported total assets of $98.5 billion at the end of fiscal 2025 (December 31, 2025), compared with $94.8 billion a year earlier.
How much debt does Brookfield Renewable Partners have?
Brookfield Renewable Partners had $35.7 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 7.78.
How much cash does Brookfield Renewable Partners have?
Brookfield Renewable Partners held $2.7 billion in cash and short-term investments at the end of fiscal 2025; with $35.7 billion of debt that is net debt of $33.1 billion.
What is Brookfield Renewable Partners's book value?
Brookfield Renewable Partners's shareholders' equity (book value) was $4.6 billion at the end of fiscal 2025, or $16.02 per share.
What is Brookfield Renewable Partners's current ratio?
Brookfield Renewable Partners had current assets of $12.3 billion and current liabilities of $21.7 billion, a current ratio of 0.57 (current liabilities exceed current assets).
How much goodwill does Brookfield Renewable Partners have?
Brookfield Renewable Partners carried $6.0 billion of goodwill and intangible assets, 6.1% of total assets, at the end of fiscal 2025.