Brookfield Renewable Corporation (NYSE: BEPC) operates a diversified global renewable power platform with assets spanning hydroelectric, wind, solar, storage, and distributed energy. The company owns and operates contracted generation assets and maintains a multi‑year development pipeline intended to support long‑term cash flow visibility. Operations are geographically diversified across North America, South America, Europe, and Asia‑Pacific, with revenues largely supported by long‑term power purchase agreements and regulated frameworks.
Financial Performance
For the quarter ended December 31, 2025, Brookfield Renewable reported consolidated revenue of $938 million, compared with $987 million in the corresponding quarter of the prior year, representing a 4.9% year‑over‑year decline. The company recorded a net loss of $666 million for the quarter, compared with net income of $945 million in Q4 FY24.
For the full year ended December 31, 2025, consolidated revenue totaled $3.73 billion, down from $4.14 billion in 2024. On a proportionate basis, funds from operations increased to $1.33 billion in 2025 from $1.22 billion a year earlier, reflecting higher contributions from commissioned capacity and inflation‑linked pricing mechanisms.
Operating Metrics
The company continued to expand its operating base during 2025, placing approximately 8 gigawatts of renewable capacity into service. Hydroelectric assets remained the largest contributor to proportionate funds from operations during the year, while wind and solar results varied by region and resource conditions. Distributed energy operations delivered stable contributions relative to the prior year.
Operating and Financial Metrics
Figure 1: Quarterly revenue trend (FY25)
Figure 2: Proportionate funds from operations
Figure 3: Installed capacity mix
Key Developments
During the year, Brookfield Renewable advanced development projects across multiple markets and completed financing activity to support growth and balance sheet management. The company reported available liquidity of $4.6 billion at year-end, supported by cash, committed credit facilities, and completed capital market transactions. Financing activity included long‑dated debt issuance and an equity raise executed earlier in the year. After the reporting period, the company disclosed the establishment of an at‑the‑market equity issuance program for its corporate shares.
Risks and Constraints
Operational results remain subject to hydrology, wind, and solar resource variability, as well as counterparty and regulatory risk across operating jurisdictions. Capital‑intensive development activities require continued access to financing markets, while changes in interest rates and power market conditions may affect returns on new investments. Project execution timelines and permitting processes also represent ongoing constraints.
Outlook / Guidance
Items to watch include the pace of commissioning from the advanced‑stage development pipeline, progress on announced asset sales under capital recycling initiatives, and updates on liquidity and capital allocation. The company has indicated that future disclosures will continue to emphasize funds from operations and cash available for distribution.
Performance Summary
Brookfield Renewable reported Q4 FY25 revenue of $938 million and a quarterly net loss of $666 million. Full‑year revenue declined year over year, while proportionate funds from operations increased. Hydroelectric assets remained the largest contributor to operating cash flows, with mixed results across wind, solar, and distributed energy operations.
