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BRIEF-Brookfield Renewable Partners Reports Q3 Loss Per Share Of $0.17

Published 2019-11-11, 06:59 a/m
Updated 2019-11-11, 12:02 p/m
BRIEF-Brookfield Renewable Partners Reports Q3 Loss Per Share Of $0.17

Nov 11 (Reuters) - Brookfield Renewable Partners LP BEP_u.TO :

* BROOKFIELD RENEWABLE ANNOUNCES THIRD QUARTER RESULTS, UNIT SPLIT AND CREATION OF AN EXCHANGE CORPORATION

* Q3 LOSS PER SHARE $0.17

* Q3 EARNINGS PER SHARE ESTIMATE $0.02 -- REFINITIV IBES DATA

* ANNOUNCED INTENTION TO CREATE A CANADIAN CORPORATION

* QTRLY REVENUES $642 MILLION VERSUS $674 MILLION

* NEW ENTITY WILL BE PUBLICLY LISTED ON SAME EXCHANGES AS CURRENT PARTNERSHIP

* CURRENT UNITHOLDERS ARE EXPECTED TO RECEIVE ONE BEPC CLASS A SHARE FOR EVERY FOUR BEP UNITS HELD

* BROOKFIELD RENEWABLE PARTNERS - FFO GROWTH OF 27% LEADING TO $133 MILLION OF FFO FOR THREE MONTHS ENDED SEPT. 30, 2019, OR $0.43 PER UNIT

* INTENDS TO DISTRIBUTE TO EXISTING UNITHOLDERS CLASS A SHARES OF NEW CORPORATION, BROOKFIELD RENEWABLE CORPORATION

* INTENDS TO DISTRIBUTE TO EXISTING UNITHOLDERS CLASS A SHARES OF NEW CORPORATION, BROOKFIELD RENEWABLE CORPORATION

* HOLDERS OF BROOKFIELD RENEWABLE'S PREFERRED LIMITED PARTNERSHIP UNITS WILL NOT RECEIVE CLASS A SHARES.

* BROOKFIELD ASSET MANAGEMENT IS EXPECTED TO HOLD APPROXIMATELY 60% OF BEPC CLASS A SHARES

* CLASS A AND CLASS B SHARES WILL CONTROL 25% & 75%, RESPECTIVELY, OF AGGREGATE VOTING RIGHTS OF SHARES OF BEPC

* BEPC INTENDS TO APPLY TO LIST ITS CLASS A SHARES IN UNITED STATES ON NYSE AND IN CANADA ON TSX

* BROOKFIELD RENEWABLE PARTNERS - DEAL WON'T RESULT IN CHANGE TO CASH FLOWS/ NET ASSET VALUE EXCEPT FOR NUMBER OF SHARE OUTSTANDING ADJUSTMENT

* Q4 EARNINGS PER SHARE VIEW $0.09, REVENUE VIEW $738.9 MILLION -- REFINITIV IBES DATA

* Q3 REVENUE VIEW $682.5 MILLION -- REFINITIV IBES DATA

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