Brookfield Renewable Partners L.P. Limited Partnership Units (NYSE:BEP) Q2 2024 Earnings Conference Call August 2, 2024 9:00 AM ET
Company Participants
Connor Teskey - Chief Executive Officer
Wyatt Hartley - Chief Financial Officer
Conference Call Participants
Sean Steuart - TD Securities
Nelson Ng - RBC Capital Markets
Jessica Hoyle - Scotiabank
Rupert Merer - National Bank
Moses Sutton - BNP Paribas
Mark Jarvi - CIBC
Mark Strouse - JPMorgan
Anthony Crowdell - Mizuho
William Grippin - UBS
Operator
Good day and thank you for standing by. Welcome to the Brookfield Renewables Second Quarter 2024 Earnings Conference Call. At this time, all participants are in listen-only mode. [Operator Instructions] Please be advised that today's conference is being recorded.
I would now like to hand the conference over to your speaker today, Connor Teskey, Chief Executive Officer. Please go ahead.
Connor Teskey
Thank you, operator. Good morning, everyone and thank you for joining us for our second quarter 2024 conference call. Before we begin, we would like to remind you that a copy of our news release, investor supplement and letter to unitholders can be found on our website. We also want to remind you that we may make forward-looking statements on this call. These statements are subject to known and unknown risks and future results may differ materially. For more information, you are encouraged to review our regulatory filings available on SEDAR, EDGAR and on our website.
On today's call, we will provide a review of our second quarter performance, the environment for renewables and how our differentiated access to capital and capabilities has positioned us to excel in the current market. Then Ed Bafor [ph] from our investment team will speak to our recently announced proposed acquisition of Neoen. And lastly, Wyatt it will conclude the call by discussing our operating results and financial position. Following our remarks, we look forward to taking your questions.
The business performed well this quarter, building on our strong start to the year. We delivered record funds from operations for the second quarter, benefiting from our growth and development activities and we remain well positioned to deliver on our double-digit FFO per unit growth target for the year. During the quarter, we successfully deployed significant capital into growth opportunities that further enhanced our market-leading reach and scale. We did this by adding leading platforms in attractive markets with large operating businesses and development pipelines that complement our current operations and further diversify our cash flows.