Renewable power company sees positive financial results

  • Brookfield Renewable Partners swung to a profit in Q4 of last year
  • Net income of $35 million, compared to a year-loss of $82 million
  • Generated funds from operations of 38 cents a unit
  • Quarterly revenue increased by 11% to $1.32 billion
  • Deployed or agreed to use a record $9 billion of capital in the last year
  • Continues to target the deployment of $7 billion to $8 billion over the next five years

Brookfield Renewable Partners, a publicly traded arm of Brookfield Asset Management, announced that it swung to a profit in the final quarter of last year. The company recorded net income of $35 million, compared to a year-loss of $82 million. It also generated funds from operations of 38 cents a unit, in line with analyst forecasts. Quarterly revenue increased by 11% to $1.32 billion. Over the past year, the company deployed or agreed to use a record $9 billion of capital, with plans to deploy $7 billion to $8 billion over the next five years. Despite failing to secure shareholder support for its proposed takeover of Australia’s Origin Energy, Brookfield Renewable remains optimistic about its future growth prospects.

Public Companies: Brookfield Renewable Partners (N/A), Brookfield Asset Management (N/A), Westinghouse (N/A), Deriva Energy (N/A), X-Elio (N/A), Origin Energy (N/A)
Private Companies:
Key People: Robb M. Stewart (N/A)

Factuality Level: 8
Justification: The article provides specific financial figures and information about Brookfield Renewable Partners’ profit, net income, funds from operations, and quarterly revenue. It also mentions the company’s capital deployment and acquisition activities. The information is supported by the company’s own statements and analyst forecasts, indicating a higher level of factuality.

Noise Level: 7
Justification: The article provides financial information about Brookfield Renewable Partners, including its net income, funds from operations, and quarterly revenue. It also mentions the company’s recent acquisitions and its future plans. However, the article lacks analysis or insights into the renewable power industry or the implications of the company’s financial performance. It mainly focuses on reporting financial figures without providing a broader context or actionable insights for the reader.

Financial Relevance: Yes
Financial Markets Impacted: The article provides financial information about Brookfield Renewable Partners, a renewable power company and a publicly traded arm of Brookfield Asset Management.

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article does not mention any extreme events or their impact.

Reported publicly: www.marketwatch.com