BBU.UN loss of 20c was better than an expected loss of 46c per unit. Revenue of $14.3MB beat estimates by 2%. EBITDA of $655M beat estimates by 5%. Inrastructure was strong, but industrial services did see lower revenue year over year. Distributions were unchanged. We would consider the results decent, though unspectacular.
BEP revenue was $934M, up 4.2%, but below estimates of $1.17B. EBITDA was $507M, up 2.4% but below estimates of $534M. Cash flow per unit was 38c, vs 39c estimated. BEP noted 'the prospects for our businesses are as strong as ever'. The company signed $2.2B in new equity deals in the quarter, setting up future growth. While it was a 'miss', the company comments and the FED comments likely means the worst is over for the stock.