Earnings Analysis for BEPC
Revenue Analysis
Total and Operating Revenue for BEPC show notable fluctuations over the observed periods. The highest revenue was recorded in Q3 2023 with $934 million, contrasting with revenue of $1.065 billion in Q3 2024, indicating a decline. Gross Profit followed a similar trend, with the highest margin observed in Q3 2023 at $546 million and a decrease to $641 million by Q1 2024.
Cost Management
The Cost of Revenue has remained relatively stable, showing slight fluctuations throughout the periods. Operating Expenses see a slight increase from $342 million in Q1 2023 to $366 million by Q1 2024. Total Expenses peaked in Q3 2023 at $860 million before slightly decreasing to $850 million by Q1 2024.
Profitability Analysis
BEPC’s EBITDA has seen dramatic changes, from a negative $245 million in Q1 2023 to a positive $1.232 billion by Q1 2024. Operating Income also shows improvement from $206 million in Q4 2023 to $275 million in Q1 2024. However, Pretax Income and Net Income figures have been volatile, with significant losses recorded in some quarters, such as a Net Income loss of $1.065 billion in Q1 2023, improving to a gain of $491 million by Q1 2024.
Cash Flow Indicators
Reconciled Depreciation has increased overall, highlighting potential investments in capital assets—from $306 million in Q1 2023 to $345 million by Q1 2024. Interest Expense remains high, indicating considerable debt levels, maintaining around $363 million as of Q1 2024.
Taxation
The Tax Rate has seen fluctuations, notably peaking at 21% in Q1 2023. Tax Provisions were also volatile, with a significant positive provision of $63 million in Q1 2023. The Tax Effect of Unusual Items varied, with substantial effects noticed in negative income quarters such as Q1 2023.
Shareholder Metrics
Diluted EPS showed significant variations, from a low of -6.183655 in Q1 2023 to a high of 7.458854 in Q3 2023. The Number of Shares remained fairly constant around 179 million. Net Income Available to Common Stockholders mirrored the Net Income figures, highlighting the direct impact of earnings on shareholders.
Conclusion
BEPC’s financial performance has seen significant volatility over the past three years. While there has been some recovery in terms of operating income and net income, costs and tax provisions continue to challenge the company. Improved cost management and strategic fiscal planning will be crucial for enhancing shareholder value and stabilizing financial performance.
Appendices
Detailed data tables and calculations used for analysis are noted in the financial dataset provided but are too extensive to reproduce in full here. Key figures include total revenue, cost management metrics, EBITDA, and net income trajectories across the reporting periods.