Brookfield Renewable Partners L.P. (BEP) Income Statement
BEP 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsBEP revenue and net income
Where BEP's revenue goes
2025Each bar shows an amount and its share of revenue. BEP kept −0.3% of revenue as net income.
BEP profit margins
BEP growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +10.9% | +11.4% | +11.3% | +14.9% |
| Gross profit | −66.7% | −30.5% | −15.5% | +0.2% |
| Operating income | −19.5% | −15.2% | −17.7% | +7.8% |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
BEP quarterly EPS vs estimates
Brookfield Renewable Partners beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: November 4, 2026 (estimate $-0.50).
BEP income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.52B | $5.88B | $5.04B | $4.71B | $4.10B | $3.82B | $3.97B | $3.80B | $2.62B | $2.45B |
| Cost of revenue | $5.42B | $2.58B | $1.93B | $1.43B | $1.36B | $1.27B | $1.26B | $1.27B | $978.0M | $1.04B |
| Gross profit | $1.10B | $3.30B | $3.10B | $3.28B | $2.73B | $2.55B | $2.71B | $2.52B | $1.65B | $1.41B |
| Sales, general & admin | $1.96B | $204.0M | $208.8M | $243.0M | $288.0M | $235.0M | $135.0M | $94.0M | $106.0M | $85.0M |
| Total operating expenses | $226.9M | $2.21B | $2.07B | $1.85B | $1.86B | $235.0M | $2.71B | $2.52B | $1.65B | $1.41B |
| Operating income | $871.0M | $1.08B | $1.04B | $1.43B | $870.0M | $2.31B | $1.07B | $708.0M | $716.0M | $516.7M |
| Interest income | $200.0M | $137.0M | $107.0M | $1.04B | $991.0M | $746.0M | $660.0M | $665.0M | $638.0M | $610.0M |
| Interest expense | $2.50B | $1.99B | $1.63B | $1.22B | $981.0M | $976.0M | $1.00B | $973.0M | $632.0M | $606.0M |
| Income before taxes | $99.7M | −$200.0M | $568.0M | $136.0M | −$52.0M | $102.0M | $123.0M | $261.9M | $141.9M | −$13.0M |
| Income taxes | −$624.7M | −$191.0M | −$48.0M | −$2.0M | $14.0M | $147.0M | $43.0M | −$343.0M | $88.0M | −$53.0M |
| Net income | −$19.3M | −$218.0M | −$50.0M | −$122.0M | −$136.0M | −$250.0M | −$44.0M | $61.0M | −$4.0M | −$21.0M |
| EBITDA | $5.07B | $3.80B | $4.05B | $2.94B | $2.43B | $2.31B | $2.40B | $2.36B | $1.55B | $1.37B |
| EPS (diluted) | −$0.26 | −$0.89 | −$0.32 | −$0.60 | −$0.70 | −$0.57 | −$0.10 | $0.10 | −$0.12 | −$0.12 |
| Gross margin | 16.8% | 56.1% | 61.6% | 69.6% | 66.7% | 66.6% | 68.2% | 66.5% | 62.7% | 57.7% |
| Operating margin | 13.4% | 18.4% | 20.6% | 30.4% | 21.2% | 60.5% | 27.0% | 18.6% | 27.3% | 21.1% |
| Net margin | −0.3% | −3.7% | −1.0% | −2.6% | −3.3% | −6.5% | −1.1% | 1.6% | −0.2% | −0.9% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.66B | $1.52B | $1.56B | $1.60B | $1.69B | $1.58B | $1.43B | $1.47B | $1.48B | $1.49B | $1.32B | $1.18B |
| Cost of revenue | $1.31B | $1.31B | $1.45B | $721.0M | $699.0M | $675.0M | $705.0M | $623.0M | $618.0M | $634.0M | $611.0M | $496.0M |
| Gross profit | $353.8M | $210.0M | $110.7M | $875.0M | $993.0M | $905.0M | $727.0M | $847.0M | $864.0M | $858.0M | $712.0M | $683.0M |
| Sales, general & admin | — | — | $61.0M | $57.0M | $56.0M | $49.0M | $47.0M | $59.0M | $53.0M | $45.2M | $51.4M | $44.4M |
| Total operating expenses | $75.0M | $72.0M | $61.9M | $668.0M | $665.0M | $632.0M | $524.0M | $573.0M | $570.0M | $547.0M | $578.0M | $683.0M |
| Operating income | $278.7M | $138.1M | $48.7M | $207.0M | $328.0M | $273.0M | $203.0M | $274.0M | $294.0M | $311.0M | $134.0M | $192.0M |
| Interest income | — | — | $199.0M | $662.0M | $537.0M | $479.0M | $69.0M | $473.0M | — | — | — | $342.0M |
| Interest expense | $641.3M | $630.1M | $647.8M | $586.0M | $624.0M | $609.0M | $509.0M | $514.0M | $489.0M | $476.0M | $473.7M | $370.0M |
| Income before taxes | −$284.6M | −$325.4M | $419.3M | −$24.0M | −$97.0M | −$194.0M | −$27.0M | −$48.0M | −$69.0M | −$56.0M | $152.0M | $44.0M |
| Income taxes | −$4.9M | −$34.5M | −$269.1M | −$66.0M | −$197.0M | −$86.0M | −$215.0M | −$9.0M | $19.0M | $14.0M | −$112.0M | $21.0M |
| Net income | −$101.4M | −$113.4M | $416.3M | −$57.0M | −$54.0M | −$93.0M | −$9.0M | −$83.0M | −$70.0M | −$56.0M | $14.0M | −$30.0M |
| EBITDA | $822.6M | $845.1M | $1.70B | $1.17B | $1.14B | $998.0M | $959.0M | $980.0M | $937.0M | $922.0M | $1.13B | $862.0M |
| EPS (diluted) | −$0.37 | −$0.40 | $0.54 | −$0.23 | −$0.22 | −$0.35 | −$0.06 | −$0.32 | −$0.28 | −$0.23 | $0.01 | −$0.14 |
| Gross margin | 21.3% | 13.8% | 7.1% | 54.8% | 58.7% | 57.3% | 50.8% | 57.6% | 58.3% | 57.5% | 53.8% | 57.9% |
| Operating margin | 16.8% | 9.1% | 3.1% | 13.0% | 19.4% | 17.3% | 14.2% | 18.6% | 19.8% | 20.8% | 10.1% | 16.3% |
| Net margin | −6.1% | −7.5% | 26.6% | −3.6% | −3.2% | −5.9% | −0.6% | −5.6% | −4.7% | −3.8% | 1.1% | −2.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in BEP's financial statements (latest annual report filed February 27, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
BEP financial results
In fiscal year 2025 (ended December 31, 2025), Brookfield Renewable Partners reported revenue of $6.5 billion, up 10.9% from the year before. It had a net loss of $19.3 million, a net profit margin of −0.3%. Diluted earnings per share came to −$0.26. Over five years revenue grew at an average rate of 11.3% a year.
See the BEP stock overview for the latest quote and news, or the BEP chart for price history and technical indicators.
BEP income statement FAQ
What is Brookfield Renewable Partners's annual revenue?
Brookfield Renewable Partners reported total revenue of $6.5 billion for fiscal year 2025, which ended on December 31, 2025. That was up 10.9% from $5.9 billion the previous year.
Is Brookfield Renewable Partners profitable?
No. Brookfield Renewable Partners reported a net loss of $19.3 million in fiscal 2025, a net profit margin of −0.3%; its operating margin was 13.4%.
What is Brookfield Renewable Partners's gross margin?
Brookfield Renewable Partners's gross margin was 16.8% in fiscal 2025: for every $100 of revenue, Brookfield Renewable Partners kept $17 after the direct cost of its products and services.
How fast is Brookfield Renewable Partners growing?
Revenue grew 11.3% a year on average over the last five fiscal years, from $3.8 billion to $6.5 billion.
What are Brookfield Renewable Partners's earnings per share?
Brookfield Renewable Partners earned $-0.26 per diluted share in fiscal 2025, compared with $-0.89 a year earlier.
When will Brookfield Renewable Partners report its next earnings?
Brookfield Renewable Partners is expected to report results for the quarter ending September 30, 2026 on November 4, 2026 before the market opens.
When does Brookfield Renewable Partners's fiscal year end?
Brookfield Renewable Partners's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 27, 2026.