07:35 AM EDT, 05/02/2025 (MT Newswires) -- Brookfield Renewable Partners (BEP-UN.TO) on Friday said its first-quarter net loss widened on depreciation and acquisition costs.

The net loss widened to US$197 million, or US$0.35 per limited partnership unit, from US$120 million, or $0.23 per unit. The increase was due to non-cash depreciation and expenses associated with the Neoen acquisition.

The next quarterly distribution of US$0.37 per LP unit, will be paid on June 30.

"We had a strong start to the year, delivering record results from our large, highly contracted, global operating fleet, which is now approaching 45,000 megawatts diversified across the lowest cost energy technologies. We were also successful advancing our growth initiatives, highlighted by our agreement to acquire National Grid Renewables and completing the privatization of Neoen," said Connor Teskey, the chief executive.

The company's shares were last seen up US$0.36, to US$23.55, in New York pre-market trading.