Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, midstream, and data businesses in North and South America, Europe, and the Asia Pacific. The Utilities segment operates approximately 4,200 kilometers (km) of natural gas pipelines; 2,000 km of electricity transmission lines; and 6.9 million electricity and natural gas connections, as well as 1.5 million installed smart meters; and 330,000 long-term contracted sub-metering services. This segment also offers centralized heating and cooling systems; centralized gas distribution and cogeneration for heating, cooling, and energy; and water heater, and heating, ventilation, and air conditioner rental, and other home services. The Transport segment offers transportation, storage, and handling services for freight, commodities, and passengers through a network of approximately 22,000 Km of track network in North America and Europe; 5,500 km of track network in south of Western Australia; 4,800 km of rail in Brazil; 3,800 km of motorways in Brazil, Chile, Peru and India; and 13 port terminals. The Midstream segment offers natural gas transmission, gathering and processing, and storage services through approximately 15,000 km of natural gas transmission pipelines; 600 billion cubic feet of natural gas storage; 16 natural gas processing plants; and 3,400 km of gas gathering pipelines. The Data segment operates approximately 137,000 operational telecom towers in India; 7,000 multi-purpose towers and active rooftop sites in France; 10,000 km of fiber backbone in France and Brazil; 1,600 cell sites and 11,500 km of fiber optic cable in New Zealand; and 2,100 active telecom towers and 70 distributed antenna systems in the United Kingdom, as well as 54 data centers and 198 megawatts of critical load capacity. The company was incorporated in 2007 and is based in Hamilton, Bermuda. Brookfield Infrastructure Partners L.P. is a subsidiary of Brookfield Asset Management Inc.
IPO Year:
Exchange: NYSE
Website: bip.brookfield.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/27/2024 | Buy | Jefferies | |
| 1/30/2024 | Outperform → Sector Perform | National Bank Financial | |
| 10/18/2023 | $33.00 | Sector Perform → Outperform | National Bank Financial |
| 9/25/2023 | $45.00 | Outperform → Strong Buy | Raymond James |
| 9/23/2022 | $49.00 | Buy | TD Securities |
| 6/30/2022 | $49.50 | Neutral → Outperform | Credit Suisse |
| 11/4/2021 | $61.00 → $65.00 | Outperform | RBC Capital |
| 10/13/2021 | $62.00 → $63.00 | Overweight | Wells Fargo |
| 9/9/2021 | $61.00 → $63.00 | Outperform | BMO Capital Markets |
DALLAS, May 17, 2023 (GLOBE NEWSWIRE) -- Evoque, a leading provider of colocation, build-to-suit data centers, and full-stack cloud engineering, today announced the appointment of Spencer Mullee as CEO, effective immediately. Spencer brings with him over 25 years of experience managing data centers in the US and internationally, which will position Evoque for continued growth. Most recently Spencer held the role of CEO at DCI Data Centers, where he was responsible for leading the development and execution of the company's long-term data center growth strategy within Australia and the greater Asia Pacific region. DCI was acquired by Brookfield's Infrastructure Group in 2019. Under Spen
Jefferies initiated coverage of Brookfield Infrastructure with a rating of Buy
National Bank Financial downgraded Brookfield Infrastructure from Outperform to Sector Perform
National Bank Financial upgraded Brookfield Infrastructure from Sector Perform to Outperform and set a new price target of $33.00
Raymond James upgraded Brookfield Infrastructure from Outperform to Strong Buy and set a new price target of $45.00
TD Securities resumed coverage of Brookfield Infrastructure with a rating of Buy and set a new price target of $49.00
Credit Suisse upgraded Brookfield Infrastructure from Neutral to Outperform and set a new price target of $49.50
RBC Capital reiterated coverage of Brookfield Infr Partners with a rating of Outperform and set a new price target of $65.00 from $61.00 previously
Wells Fargo reiterated coverage of Brookfield Infr Partners with a rating of Overweight and set a new price target of $63.00 from $62.00 previously
BMO Capital Markets resumed coverage of Brookfield Infrastructure with a rating of Outperform and set a new price target of $63.00 from $61.00 previously
CIBC resumed coverage of Brookfield Infrastructure with a rating of Sector Outperform and set a new price target of $60.00 from $55.00 previously
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BROOKFIELD, News, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Brookfield Infrastructure Partners L.P. (Brookfield Infrastructure, BIP, or the Partnership) (NYSE:BIP, TSX:BIP) today announced its results for the third quarter ended September 30, 2024. "Brookfield Infrastructure continues to deliver solid results while achieving its strategic objectives, including successfully reaching our $2 billion capital recycling target for the year," said Sam Pollock, Chief Executive Officer of Brookfield Infrastructure Partners. "With interest rates coming down, we are in a new market environment with increased deal flow, creating a significant investment pipeline that is also benefiting from growth in sectors
BROOKFIELD, NEWS, Oct. 24, 2024 (GLOBE NEWSWIRE) -- BIP Investment Corporation ("BIPIC") (TSX:BIK), an indirect subsidiary of Brookfield Infrastructure Partners L.P. ("Brookfield Infrastructure") (NYSE:BIP, TSX:BIP), today announced that it will be holding a special meeting of holders of senior preferred shares, series 1 (the "Preferred Shares") on November 27, 2024 at 10:00 a.m. (Eastern time) (the "Meeting") in a virtual format whereby holders may attend and participate via live webcast. At the meeting, BIPIC will be seeking approval from holders of the Preferred Shares ("Preferred Shareholders") to pass a special resolution (the "Special Resolution") to permit the redemption of the Pre
BROOKFIELD, NEWS, Oct. 09, 2024 (GLOBE NEWSWIRE) -- Brookfield Infrastructure Partners L.P. (NYSE:BIP, TSX:BIP) (the "Partnership") and Brookfield Infrastructure Corporation ("BIPC") ((TSX, NYSE:BIPC) today announced their intention to complete a reorganization (the "Arrangement") that maintains the benefits of Brookfield Infrastructure's business structure, while addressing proposed amendments to the Income Tax Act (Canada) that are expected to result in additional costs to BIPC if no action is taken. BIPC was created by the Partnership in 2020 to provide investors with an opportunity to gain access to the Partnership's globally diversified portfolio of high-quality infrastructure assets
BROOKFIELD, NEWS, Oct. 01, 2024 (GLOBE NEWSWIRE) -- Brookfield Infrastructure Partners will hold its third quarter 2024 conference call and webcast on Wednesday, November 6, 2024 at 9:00 a.m. (ET). Results will be released that morning before 7:00 a.m. (ET) and will be available on our website at https://bip.brookfield.com. Participants can join by conference call or webcast. Conference Call Please pre-register at: https://register.vevent.com/register/BId0571f9a865e44d2bbf9e77964270a30Upon registering, you will be emailed a dial-in number, direct passcode and unique PIN. This process will bypass the operator and avoid the queue. Webcast Please join and register at: https://edge.medi
BROOKFIELD, News, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Brookfield Infrastructure Partners L.P. (Brookfield Infrastructure, BIP, or the Partnership) (NYSE:BIP, TSX:BIP) today announced its results for the second quarter ended June 30, 2024. "We delivered strong second-quarter results driven by robust organic growth and the positive impact of several years of outsized capital deployment," said Sam Pollock, Chief Executive Officer of Brookfield Infrastructure Partners. "The outlook for growth is very favorable as the surge in AI adoption is generating substantial capital deployment opportunities across our data, electric utility and natural gas sectors." For the three monthsended June 30 For t
Intrepid Fiber Networks ("Intrepid"), a leading fiber-to-the-premises provider supported by Brookfield, announced today that it has secured $290 million in debt financing with Société Générale as Structuring and Coordinating Advisor. The proceeds will support Intrepid's inaugural deployments in Colorado and Minnesota to over 250,000 premises. "Securing this new credit facility accelerates our growth across the entire build plan. We have already achieved tremendous success constructing our networks and onboarding subscribers through our partners," said Jack Waters, Chief Executive Officer of Intrepid. "This exciting step forward reinforces our commitment to delivering future-proof fiber ne
BROOKFIELD, NEWS, July 02, 2024 (GLOBE NEWSWIRE) -- Brookfield Infrastructure Partners will hold its second quarter 2024 conference call and webcast on Thursday, August 1, 2024 at 9:00 a.m. (ET). Results will be released that morning before 7:00 a.m. (ET) and will be available on our website at https://bip.brookfield.com. Participants can join by conference call or webcast. Conference Call Please pre-register at: https://register.vevent.com/register/BI4860b3b9fc604060aa9c603b7c0c75c1Upon registering, you will be emailed a dial-in number, direct passcode and unique PIN. This process will bypass the operator and avoid the queue. Webcast Please join and register at: https://edge.media-
BROOKFIELD, NEWS, June 18, 2024 (GLOBE NEWSWIRE) -- Brookfield Infrastructure Corporation (the "Corporation") ((TSX, NYSE:BIPC) today announced that all eight nominees proposed for election to the board of directors by holders of class A exchangeable subordinate voting shares ("Exchangeable Shares") and holders of class B multiple voting shares ("Class B Shares") were elected at the Corporation's annual meeting of shareholders held on June 18, 2024 in a virtual meeting format. Detailed results of the vote for the election of directors are set out below. In accordance with the Corporation's articles, each Exchangeable Share was entitled to one vote per share, representing a 25% voting in
All amounts in U.S. dollars BROOKFIELD, NEWS, May 31, 2024 (GLOBE NEWSWIRE) -- Brookfield Infrastructure Partners L.P. (NYSE:BIP, TSX:BIP) ("Brookfield Infrastructure") today announced the closing of a public offering of $150 million of fixed rate subordinated notes due May 31, 2084 (the "notes"). The issuer of the notes has granted the underwriters an over-allotment option, exercisable in whole or in part for a period of 30 days from the date of the pricing of the offering, to purchase up to an additional $22,500,000 principal amount of notes. The notes, which have a coupon of 7.25%, will be listed on the New York Stock Exchange under the symbol "BIPJ". Brookfield Infrastructure intends
BROOKFIELD, NEWS, May 01, 2024 (GLOBE NEWSWIRE) -- Brookfield Infrastructure Partners L.P. (Brookfield Infrastructure, BIP, or the Partnership) (NYSE:BIP, TSX:BIP) today announced its results for the first quarter ended March 31, 2024. "The benefits of inflation indexation, better than expected economic activity and strong contributions from new investments have favorably impacted our financial results," said Sam Pollock, Chief Executive Officer of Brookfield Infrastructure Partners. "With the base business performing well and successful capital recycling, we are positioned for success over the balance of 2024." For the three months ended March 31US$ millions (except per unit amounts), u
BROOKFIELD, News, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Brookfield Infrastructure Partners L.P. (Brookfield Infrastructure, BIP, or the Partnership) (NYSE:BIP, TSX:BIP) today announced its results for the third quarter ended September 30, 2024. "Brookfield Infrastructure continues to deliver solid results while achieving its strategic objectives, including successfully reaching our $2 billion capital recycling target for the year," said Sam Pollock, Chief Executive Officer of Brookfield Infrastructure Partners. "With interest rates coming down, we are in a new market environment with increased deal flow, creating a significant investment pipeline that is also benefiting from growth in sectors
BROOKFIELD, NEWS, Oct. 24, 2024 (GLOBE NEWSWIRE) -- BIP Investment Corporation ("BIPIC") (TSX:BIK), an indirect subsidiary of Brookfield Infrastructure Partners L.P. ("Brookfield Infrastructure") (NYSE:BIP, TSX:BIP), today announced that it will be holding a special meeting of holders of senior preferred shares, series 1 (the "Preferred Shares") on November 27, 2024 at 10:00 a.m. (Eastern time) (the "Meeting") in a virtual format whereby holders may attend and participate via live webcast. At the meeting, BIPIC will be seeking approval from holders of the Preferred Shares ("Preferred Shareholders") to pass a special resolution (the "Special Resolution") to permit the redemption of the Pre
BROOKFIELD, NEWS, Oct. 01, 2024 (GLOBE NEWSWIRE) -- Brookfield Infrastructure Partners will hold its third quarter 2024 conference call and webcast on Wednesday, November 6, 2024 at 9:00 a.m. (ET). Results will be released that morning before 7:00 a.m. (ET) and will be available on our website at https://bip.brookfield.com. Participants can join by conference call or webcast. Conference Call Please pre-register at: https://register.vevent.com/register/BId0571f9a865e44d2bbf9e77964270a30Upon registering, you will be emailed a dial-in number, direct passcode and unique PIN. This process will bypass the operator and avoid the queue. Webcast Please join and register at: https://edge.medi
BROOKFIELD, News, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Brookfield Infrastructure Partners L.P. (Brookfield Infrastructure, BIP, or the Partnership) (NYSE:BIP, TSX:BIP) today announced its results for the second quarter ended June 30, 2024. "We delivered strong second-quarter results driven by robust organic growth and the positive impact of several years of outsized capital deployment," said Sam Pollock, Chief Executive Officer of Brookfield Infrastructure Partners. "The outlook for growth is very favorable as the surge in AI adoption is generating substantial capital deployment opportunities across our data, electric utility and natural gas sectors." For the three monthsended June 30 For t
BROOKFIELD, NEWS, July 02, 2024 (GLOBE NEWSWIRE) -- Brookfield Infrastructure Partners will hold its second quarter 2024 conference call and webcast on Thursday, August 1, 2024 at 9:00 a.m. (ET). Results will be released that morning before 7:00 a.m. (ET) and will be available on our website at https://bip.brookfield.com. Participants can join by conference call or webcast. Conference Call Please pre-register at: https://register.vevent.com/register/BI4860b3b9fc604060aa9c603b7c0c75c1Upon registering, you will be emailed a dial-in number, direct passcode and unique PIN. This process will bypass the operator and avoid the queue. Webcast Please join and register at: https://edge.media-
BROOKFIELD, NEWS, May 01, 2024 (GLOBE NEWSWIRE) -- Brookfield Infrastructure Partners L.P. (Brookfield Infrastructure, BIP, or the Partnership) (NYSE:BIP, TSX:BIP) today announced its results for the first quarter ended March 31, 2024. "The benefits of inflation indexation, better than expected economic activity and strong contributions from new investments have favorably impacted our financial results," said Sam Pollock, Chief Executive Officer of Brookfield Infrastructure Partners. "With the base business performing well and successful capital recycling, we are positioned for success over the balance of 2024." For the three months ended March 31US$ millions (except per unit amounts), u
HOUSTON, April 2, 2024 /PRNewswire/ -- Foundry JV Holdco LLC (the "Company"), a Delaware limited liability company, today announced that it has commenced a consent solicitation (the "Consent Solicitation") in connection with its outstanding 5.875% Senior Secured Notes due 2034 (the "Notes") for amendments (the "Proposed Amendments") to the indenture dated as of May 19, 2023 (as supplemented through the date hereof, the "Indenture"), between the Company and Wilmington Trust, National Association, as trustee, under which the Notes are governed. AMENDMENT & CONSENT The Company is pursuing the Consent Solicitation to adopt the Proposed Amendments to certain terms and provisions in the Indenture
BROOKFIELD, NEWS, April 01, 2024 (GLOBE NEWSWIRE) -- Brookfield Infrastructure Partners will hold its first quarter 2024 conference call and webcast on Wednesday, May 1, 2024 at 9:00 a.m. (ET). Results will be released that morning before 7:00 a.m. (ET) and will be available on our website at https://bip.brookfield.com/ Participants can join by conference call or webcast: Conference Call Please pre-register at: https://register.vevent.com/register/BI187b9b7282444d828d03ad38790c03e9Upon registering, you will be emailed a dial-in number, direct passcode and unique PIN. This process will bypass the operator and avoid the queue. Webcast Please join and register at: https://e
All amounts in Canadian dollars unless otherwise stated BROOKFIELD, NEWS, March 04, 2024 (GLOBE NEWSWIRE) -- Brookfield Infrastructure Partners L.P. ("Brookfield Infrastructure") (NYSE:BIP, TSX:BIP) today announced that BIP Investment Corporation ("BIPIC"), a wholly-owned subsidiary of Brookfield Infrastructure, has determined the fixed dividend rate on its Senior Preferred Shares, Series 1 ("Series 1 Shares") (TSX:BIK) for the five years commencing April 1, 2024 and ending March 31, 2029. Series 1 Shares and Series 2 Shares If declared, the fixed quarterly dividends on the Series 1 Shares during the five years commencing April 1, 2024 will be paid at an annual rate of 7.475% ($0.467187
BROOKFIELD, NEWS, Feb. 01, 2024 (GLOBE NEWSWIRE) -- Brookfield Infrastructure Partners L.P. (Brookfield Infrastructure, BIP, or the Partnership) (NYSE:BIP, TSX:BIP) today announced its results for the year ended December 31, 2023. "We successfully executed our business strategy and achieved all our capital allocation and performance targets during 2023," said Sam Pollock, Chief Executive Officer of Brookfield Infrastructure. "We believe 2024 will be an even better year, and we are already off to a strong start on our capital recycling and deployment initiatives." For the twelve monthsended December 31US$ millions (except per unit amounts), unaudited12023 2022Net income attributable to th
BMO Capital analyst Devin Dodge maintains Brookfield Infr Partners (NYSE:BIP) with a Outperform and lowers the price target from $40 to $36.
Brookfield Infr Partners (NYSE:BIP) reported quarterly earnings of $0.10 per share. The company reported $5.187 billion in sales this quarter. This is a 22.97 percent increase over sales of $4.218 billion the same period last year.
The February labor market report presented mixed signals on the employment front, with a notable and larger-than-expected increase of 270,000 in nonfarm payrolls over the month, yet a higher-than-expected rise in the unemployment rate, moving from 3.7% to 3.9%. Additionally, the employment changes for December and January were revised downwards, subtracting a total of 167,000 nonfarm payrolls previously calculated for those two months. Perhaps the clearest data came from the trend in wages, which grew less than expected, thereby alleviating fears about their potential impact on inflation. In February, the pace of increase in average hourly earnings was 0.1%, a decrease from the 0.4%
Letter to Shareholders: https://bip.brookfield.com/sites/bip-brookfield-ir/files/Brookfield-BIP-IR-V2/2023/Q4/BIP-Q4-23-Letter-to-Unitholders.pdf
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Brookfield Infr Partners (NYSE:BIP) is set to give its latest quarterly earnings report on Thursday, 2024-02-01. Here's what investors need to know before the announcement. Analysts estimate that Brookfield Infr Partners will report an earnings per share (EPS) of $0.18. Brookfield Infr Partners bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Historical Earnings Performance Last quarter the company missed EPS by $0.10, which was
BMO Capital analyst Devin Dodge maintains Brookfield Infr Partners (NYSE:BIP) with a Outperform and lowers the price target from $42 to $38.