HAMILTON, Bermuda (AP) — HAMILTON, Bermuda (AP) — Brookfield Renewable Energy Partners LP (BEP) on Friday reported fourth-quarter earnings of $188 million.
On a per-share basis, the Hamilton, Bermuda-based company said it had net loss of 6 cents.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 12 cents per share.
The operator of hydroelectric and wind power generation facilities posted revenue of $1.43 billion in the period. Its adjusted revenue was $737 million, which fell short of Street forecasts. Eight analysts surveyed by Zacks expected $837.4 million.
For the year, the company reported that its loss narrowed to $9 million, or 89 cents per share. Revenue was reported as $3.25 billion.
Brookfield Renewable shares have declined 9% since the beginning of the year. The stock has declined 22% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BEP at https://www.zacks.com/ap/BEP
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