Brookfield Renewable Slips To Loss In Q2

Brookfield Renewable Corporation reported a Q2 net loss of $287 million, reversing a $100 million profit from the prior year. Loss per LP unit was $0.37 versus $0.22 previously. Revenues rose to $1.71 billion from $1.692 billion, and Funds From Operations increased to $421 million ($0.62/share) from $371 million ($0.56/share). Pre-market trading showed BEPC up 2.63% at $34.00.

Add as your preferred news source on Google

Add Now

Friday, Brookfield Renewable Corporation (BEPC,BEP-UN.TO) announced second-quarter financial results, reporting a net loss of $287 million compared with a net income of $100 million in the prior year.

Loss per LP unit was $0.37 versus $0.22 in the earlier year.

Revenues for the period increased to $1.710 billion from last year's $1.692 billion.

Funds From Operations amounted to $421 million, or $0.62 a share, compared to $371 million, or $0.56 a share, in the previous year.

In the pre-market hours, BEPC is trading at $34.00, up 2.63 percent on the NYSE.

For comments and feedback contact: editorial@rttnews.com

Business News