SEDAR Interim Financial Statements
[ { "companyName": "Brookfield Renewable Partners L.P.", "reportingPeriodEnd": "2026-03-31", "reportStatus": "Unaudited", "auditorName": null, "auditorKeyMatters": [], "balanceSheet": { "asAt": { "2026-03-31": { "cashAndCashEquivalents": 2124, "restrictedCash": 342, "tradeReceivablesAndOtherCurrentAssets": 2599, "financialInstrumentAssetsCurrent": 603, "dueFromRelatedParties": 1013, "assetsHeldForSale": 6339, "totalCurrentAssets": 13020, "financialInstrumentAssetsNonCurrent": 4484, "equityAccountedInvestments": 3711, "propertyPlantAndEquipmentAtFairValue": 69504, "goodwill": 6045, "deferredIncomeTaxAssets": 512, "otherLongTermAssets": 965, "totalAssets": 98241, "accountsPayableAndAccruedLiabilities": 2200, "financialInstrumentLiabilitiesCurrent": 782, "dueToRelatedPartiesCurrent": 2379, "corporateBorrowingsCurrent": 1182, "nonRecourseBorrowingsCurrent": 6822, "provisionsCurrent": 99, "liabilitiesDirectlyAssociatedWithAssetsHeldForSale": 3935, "totalCurrentLiabilities": 17399, "financialInstrumentLiabilitiesNonCurrent": 2006, "corporateBorrowingsNonCurrent": 3643, "nonRecourseBorrowingsNonCurrent": 24953, "deferredIncomeTaxLiabilities": 9390, "provisionsNonCurrent": 1028, "dueToRelatedPartiesNonCurrent": 2718, "otherLongTermLiabilities": 1862, "totalLiabilities": 62999, "participatingNonControllingInterestsInOperatingSubsidiaries": 25114, "generalPartnershipInterestInHoldingSubsidiaryHeldByBrookfield": 48, "participatingNonControllingInterestsInHoldingSubsidiaryRedeemableExchangeableUnits": 2368, "bepcExchangeableSharesAndClassA2ExchangeableShares": 2221, "preferredEquity": 555, "perpetualSubordinatedNotes": 737, "preferredLimitedPartnersEquity": 506, "limitedPartnersEquity": 3693, "totalEquity": 35242, "totalLiabilitiesAndEquity": 98241 }, "2025-12-31": { "cashAndCashEquivalents": 2093, "restrictedCash": 220, "tradeReceivablesAndOtherCurrentAssets": 2542, "financialInstrumentAssetsCurrent": 357, "dueFromRelatedParties": 944, "assetsHeldForSale": 6142, "totalCurrentAssets": 12298, "financialInstrumentAssetsNonCurrent": 4395, "equityAccountedInvestments": 4087, "propertyPlantAndEquipmentAtFairValue": 70456, "goodwill": 6019, "deferredIncomeTaxAssets": 493, "otherLongTermAssets": 953, "totalAssets": 98701, "accountsPayableAndAccruedLiabilities": 2246, "financialInstrumentLiabilitiesCurrent": 670, "dueToRelatedPartiesCurrent": 7071, "corporateBorrowingsCurrent": 194, "nonRecourseBorrowingsCurrent": 7384, "provisionsCurrent": 112, "liabilitiesDirectlyAssociatedWithAssetsHeldForSale": 4021, "totalCurrentLiabilities": 21698, "financialInstrumentLiabilitiesNonCurrent": 1798, "corporateBorrowingsNonCurrent": 3492, "nonRecourseBorrowingsNonCurrent": 23822, "deferredIncomeTaxLiabilities": 9395, "provisionsNonCurrent": 1005, "dueToRelatedPartiesNonCurrent": 693, "otherLongTermLiabilities": 1824, "totalLiabilities": 63727, "participatingNonControllingInterestsInOperatingSubsidiaries": 24164, "generalPartnershipInterestInHoldingSubsidiaryHeldByBrookfield": 52, "participatingNonControllingInterestsInHoldingSubsidiaryRedeemableExchangeableUnits": 2524, "bepcExchangeableSharesAndClassA2ExchangeableShares": 2330, "preferredEquity": 563, "perpetualSubordinatedNotes": 737, "preferredLimitedPartnersEquity": 634, "limitedPartnersEquity": 3970, "totalEquity": 34974, "totalLiabilitiesAndEquity": 98701 } }, "cashPerShare": { "2026-03-31": 6.9639, "2025-12-31": null }, "workingCapitalPerShare": { "2026-03-31": -14.3574, "2025-12-31": null } }, "incomeStatement": { "forPeriod": { "2026-03-31": { "revenues": 1514, "otherIncome": 138, "directOperatingCosts": -779, "managementServiceCosts": -73, "interestExpense": -639, "shareOfEarningsLossesFromEquityAccountedInvestments": 21, "foreignExchangeAndFinancialInstrumentsGain": 220, "depreciation": -548, "other": -184, "currentIncomeTaxExpenseRecovery": -12, "deferredIncomeTaxExpenseRecovery": 47, "incomeTaxExpenseRecovery": 35, "netLoss": -295, "netIncomeLossAttributableTo": { "participatingNonControllingInterestsInOperatingSubsidiaries": -91, "generalPartnershipInterestInHoldingSubsidiaryHeldByBrookfield": 41, "participatingNonControllingInterestsInHoldingSubsidiaryRedeemableExchangeableUnits": -77, "bepcExchangeableSharesAndClassA2ExchangeableShares": -71, "preferredEquity": 8, "perpetualSubordinatedNotes": 10, "preferredLimitedPartnersEquity": 7, "limitedPartnersEquity": -122 }, "basicAndDilutedLossPerLPUnit": -0.40 }, "2025-03-31": { "revenues": 1580, "otherIncome": 170, "directOperatingCosts": -675, "managementServiceCosts": -49, "interestExpense": -609, "shareOfEarningsLossesFromEquityAccountedInvestments": -16, "foreignExchangeAndFinancialInstrumentsGain": 249, "depreciation": -583, "other": -261, "currentIncomeTaxExpenseRecovery": 41, "deferredIncomeTaxExpenseRecovery": 45, "incomeTaxExpenseRecovery": 86, "netLoss": -108, "netIncomeLossAttributableTo": { "participatingNonControllingInterestsInOperatingSubsidiaries": 64, "generalPartnershipInterestInHoldingSubsidiaryHeldByBrookfield": 35, "participatingNonControllingInterestsInHoldingSubsidiaryRedeemableExchangeableUnits": -68, "bepcExchangeableSharesAndClassA2ExchangeableShares": -63, "preferredEquity": 7, "perpetualSubordinatedNotes": 10, "preferredLimitedPartnersEquity": 8, "limitedPartnersEquity": -101 }, "basicAndDilutedLossPerLPUnit": -0.35 } }, "weightedAverageSharesOutstanding": { "2026-03-31": 305000000, "2025-03-31": 288571429 } }, "cashFlowStatement": { "forPeriod": { "2026-03-31": { "netLoss": -295, "adjustments": { "depreciation": 548, "unrealizedForeignExchangeAndFinancialInstrumentsGain": -218, "shareOfEarningsLossesFromEquityAccountedInvestments": -21, "deferredIncomeTaxRecovery": -47, "otherNonCashItems": 187, "dividendsReceivedFromEquityAccountedInvestments": 87 }, "changesInDueToFromRelatedParties": 5, "netChangeInWorkingCapitalBalances": -95, "netCashFromOperatingActivities": 151, "financingActivities": { "proceedsFromMediumTermNotes": 359, "corporateCreditFacilitiesNet": 200, "commercialPaperNet": 629, "proceedsFromNonRecourseBorrowings": 2717, "repaymentOfNonRecourseBorrowings": -1558, "capitalContributionsFromParticipatingNonControllingInterestsInOperatingSubsidiaries": 2181, "capitalRepaidToParticipatingNonControllingInterestsInOperatingSubsidiaries": -349, "issuanceOfEquityInstrumentsAndRelatedCosts": 115, "redemptionAndRepurchaseOfLimitedPartnerEquity": -87, "redemptionAndRepurchaseOfPreferredEquityInstruments": -128, "distributionsPaidToNonControllingInterests": -433, "distributionsPaidToUnitholders": -315, "inflowsFromRelatedParties": 613, "outflowsToRelatedParties": -3174, "netCashFromFinancingActivities": 770 }, "investingActivities": { "acquisitionsNetOfCash": 0, "investmentInPropertyPlantAndEquipment": -1258, "investmentInEquityAccountedInvestments": -18, "proceedsFromDisposalOfAssetsNet": 653, "purchasesOfFinancialAssets": -20, "proceedsFromFinancialAssets": 1, "restrictedCashAndOther": -216, "netCashUsedInInvestingActivities": -858 }, "increaseDecreaseInCash": 63, "foreignExchangeGainLossOnCash": -3, "netChangeInCashClassifiedWithinAssetsHeldForSale": -29, "cashBeginningOfPeriod": 2093, "cashEndOfPeriod": 2124, "supplemental": { "interestPaid": 533, "interestReceived": 25, "incomeTaxesPaid": 34 } }, "2025-03-31": { "netLoss": -108, "adjustments": { "depreciation": 583, "unrealizedForeignExchangeAndFinancialInstrumentsGain": -188, "shareOfEarningsLossesFromEquityAccountedInvestments": 16, "deferredIncomeTaxRecovery": -45, "otherNonCashItems": 71, "dividendsReceivedFromEquityAccountedInvestments": 37 }, "changesInDueToFromRelatedParties": 44, "netChangeInWorkingCapitalBalances": -23, "netCashFromOperatingActivities": 387, "financingActivities": { "proceedsFromMediumTermNotes": 307, "corporateCreditFacilitiesNet": -240, "commercialPaperNet": 204, "proceedsFromNonRecourseBorrowings": 3242, "repaymentOfNonRecourseBorrowings": -2205, "capitalContributionsFromParticipatingNonControllingInterestsInOperatingSubsidiaries": 472, "capitalRepaidToParticipatingNonControllingInterestsInOperatingSubsidiaries": -104, "issuanceOfEquityInstrumentsAndRelatedCosts": 0, "redemptionAndRepurchaseOfLimitedPartnerEquity": -27, "redemptionAndRepurchaseOfPreferredEquityInstruments": 0, "distributionsPaidToNonControllingInterests": -243, "distributionsPaidToUnitholders": -283, "inflowsFromRelatedParties": 2134, "outflowsToRelatedParties": -1067, "netCashFromFinancingActivities": 2190 }, "investingActivities": { "acquisitionsNetOfCash": -2743, "investmentInPropertyPlantAndEquipment": -1546, "investmentInEquityAccountedInvestments": -27, "proceedsFromDisposalOfAssetsNet": 536, "purchasesOfFinancialAssets": -67, "proceedsFromFinancialAssets": 15, "restrictedCashAndOther": 41, "netCashUsedInInvestingActivities": -3791 }, "increaseDecreaseInCash": -1214, "foreignExchangeGainLossOnCash": 56, "netChangeInCashClassifiedWithinAssetsHeldForSale": -22, "cashBeginningOfPeriod": 3135, "cashEndOfPeriod": 1955, "supplemental": { "interestPaid": 524, "interestReceived": 18, "incomeTaxesPaid": 25 } } } }, "investmentsAndOtherAssets": [ { "type": "Equity-Accounted Investments", "description": "Investments in associates and joint ventures across hydroelectric, wind, utility-scale solar, distributed energy & storage, and sustainable solutions", "ownershipPercentage": null, "value": 3711, "notes": "Ownership ranges from 4% to 80% as at March 31, 2026" }, { "type": "Investments in Debt and Equity Securities", "description": "Includes investments in debt and equity securities classified as FVPL, FVOCI, and amortized cost", "ownershipPercentage": null, "value": 3589, "notes": "Comprised of $3,544 million Level 3 and $45 million Level 2 as at March 31, 2026" }, { "type": "Tax Equity Investments", "description": "Investments in tax equity structures for U.S. solar and wind projects", "ownershipPercentage": null, "value": 345, "notes": "Classified as financial instrument assets; associated liabilities of $1,030 million as at March 31, 2026" } ], "shareStructure": { "authorizedShares": null, "issuedShares": 303275965, "classesOfShares": [ "LP units", "BEPC exchangeable shares", "Class A.2 exchangeable shares", "Redeemable/Exchangeable partnership units", "Class A Preferred LP units", "Class A Preference Shares", "Perpetual subordinated notes" ], "warrants": [], "options": [], "rightsConvertibleInstruments": "Redeemable/Exchangeable partnership units, BEPC exchangeable shares, and class A.2 exchangeable shares are convertible into LP units on a one-for-one basis at the holder's option, subject to Brookfield's right to settle in cash or LP units." }, "managementCompensation": null, "subsequentEvents": [ { "eventDate": null, "description": "Agreed to sell remaining 50% interest in a 403 MW portfolio of operating hydroelectric assets in the United States for proceeds of up to $522 million ($249 million net to Brookfield Renewable). Closing subject to customary conditions.", "impactValue": 522 } ] } ]