Shares of Brookfield Renewable Corp. (BEPC) plunged 5.02% in Friday's pre-market trading session following the release of its second-quarter 2025 earnings report, which revealed a decline in revenues and increased losses.
The renewable energy company reported Q2 revenues of $952 million, down from $989 million in the same period last year. For the first half of 2025, revenues fell to $1.859 billion from $2.114 billion in the previous year. The company also disclosed a significant remeasurement loss of $1.276 billion associated with exchangeable shares for the quarter, compared to a $277 million loss in Q2 2024.
Despite the disappointing financial results, Brookfield Renewable remains committed to its long-term growth initiatives. The company declared a quarterly dividend of $0.373 per Class A exchangeable subordinate voting share, payable on September 30. Additionally, management expressed optimism about the second half of 2025, stating, "We are seeing a return of an increasingly strong market for monetizations and expect to be very active throughout H2 2025."