Brookfield Infrastructure Partners(BIP)

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Brookfield Infrastructure Partners(BIP) - 2023 Q1 - Earnings Call Presentation
2023-05-03 13:09
5 • Objective is to pay a distribution that is sustainable on a long-term basis while retaining sufficient liquidity within our operations to fund recurring growth capital expenditures and general corporate requirements | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |---------------------------------|-------|-------|-------|-------|-------|-------|-------|-------|-------|-------|------------------------------------------------------------------- ...
Brookfield Infrastructure Partners(BIP) - 2023 Q2 - Quarterly Report
2023-05-03 12:05
Funds from Operations (FFO) Performance - Funds from operations (FFO) for the first quarter was $554 million, increasing 12% relative to the comparable period[1] - The utilities segment generated FFO of $208 million, an increase of 25% from the same period last year, with organic growth over 10%[2] - The midstream segment generated $198 million of FFO, consistent with the prior year[3] - The transport segment saw FFO of $192 million, an increase of 11% excluding the divested North American container terminal[24] - The data segment generated FFO of $70 million, an increase of 21% from the same period last year, with organic growth of 9%[25] - FFO increased to $111 million this quarter, representing a 9% increase compared to the same period in the prior year[37] - Consolidated Funds from Operations (FFO) reached $1,138 million, up from $1,059 million in the same period last year[39] - FFO per unit was $554 million, compared to $493 million in the prior year[39] - FFO (Funds from Operations) remained stable at $227 million in both Q1 2023 and Q1 2022[48] Organic Growth and Inflation Impact - Organic growth for the quarter was robust at 9%, reflecting the benefits of continued elevated levels of inflation on tariffs and strong volumes across transport networks[1] - The utilities segment generated FFO of $208 million, an increase of 25% from the same period last year, with organic growth over 10%[2] - The data segment generated FFO of $70 million, an increase of 21% from the same period last year, with organic growth of 9%[25] Acquisitions and Divestitures - Brookfield Infrastructure announced the acquisition of 100% of Triton for $85 per share, equating to an enterprise value of $13.3 billion[5] - Brookfield Infrastructure completed the sale of two U.S. gas storage assets for gross proceeds of $235 million, with attractive transaction multiples of 21x and 15x EBITDA[6] - The company expects its asset sale program to generate approximately $2 billion of proceeds this year[28] Financial Position and Cash Flow - Total assets increased to $81,925 million as of March 31, 2023, up from $72,969 million as of December 31, 2022[35] - Cash and cash equivalents rose to $1,515 million as of March 31, 2023, compared to $1,279 million as of December 31, 2022[35] - Net investments in operating assets were $4,699 million, significantly higher than $42 million in the prior year[36] - Cash used by operating activities was $10 million in Q1 2023, compared to $123 million generated in Q1 2022[47] - Cash used by investing activities decreased to $129 million in Q1 2023 from $639 million in Q1 2022[47] - Cash and cash equivalents decreased by $143 million in Q1 2023, compared to an increase of $609 million in Q1 2022[47] Net Income and Expenses - Net income for the quarter was $143 million, down from $294 million in the same period last year[39] - Depreciation and amortization expense increased to $645 million, up from $544 million in the prior year[39] - Net loss for Q1 2023 was $195 million, compared to $216 million in Q1 2022[61] - Brookfield Infrastructure reported net income of $23 million for the three-month period ended March 31, 2023, compared to $70 million in the prior year[75] Revenues and Costs - Revenues for the quarter were $497 million, up from $461 million in the same period last year[46] - Revenues increased to $4,218 million in Q1 2023 from $3,411 million in Q1 2022[53] - Direct operating costs rose to $3,229 million in Q1 2023 from $2,506 million in Q1 2022[53] Interest Expense and Earnings - Interest expense increased to $153 million, up from $102 million in the prior year[46] - Interest expense increased to $568 million in Q1 2023 from $409 million in Q1 2022[53] - Share of earnings from associates and joint ventures grew to $103 million in Q1 2023 from $54 million in Q1 2022[53] - Mark-to-market losses increased to $94 million in Q1 2023 from $54 million in Q1 2022[53] Dividends and Distributions - Brookfield Infrastructure declared a quarterly distribution of $0.3825 per unit, payable on June 30, 2023[8] - Brookfield Infrastructure declared a quarterly dividend of $0.3825 per class A exchangeable subordinate voting share, payable on June 30, 2023[73] Data Segment Expansion - Data4 plans to add 400 megawatts of capacity, with a significant proportion already contracted or reserved, and a total Brookfield equity investment of $2.4 billion (BIP's share – approximately $600 million)[76]
Brookfield Infrastructure Partners(BIP) - 2022 Q4 - Annual Report
2023-03-16 16:00
| | UNITED STATES | | --- | --- | | SECURITIES | AND EXCHANGE COMMISSION | | | Washington D.C. 20549 | | | FORM 20-F | ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE S ...
Brookfield Infrastructure Partners(BIP) - 2022 Q4 - Annual Report
2023-03-16 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-33632 Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F [ X ] Form 40-F [ ] SIGNATURES Date: March 17, 2023 /s/ Jane Sheere Jane Sheere Secretary FORM 6-K For the month of March 2023 73 Front Street, Fifth Floor Hamilton, HM ...
Brookfield Infrastructure Partners(BIP) - 2022 Q4 - Earnings Call Transcript
2023-02-02 23:32
Brookfield Infrastructure Partners LP (NYSE:BIP) Q4 2022 Earnings Conference Call February 2, 2023 9:00 AM ET Company Participants David Krant - CFO Samuel Pollock - CEO Benjamin Vaughan - COO Conference Call Participants Cherilyn Radbourne - TD Securities Robert Hope - Scotiabank Frederic Bastien - Raymond James Andrew Kuske - Crédit Suisse Robert Catellier - CIBC Capital Markets Robert Kwan - RBC Capital Markets Naji Baydoun - iA Capital Markets Devin Dodge - BMO Capital Markets Operator Good day, and tha ...
Brookfield Infrastructure Partners(BIP) - 2023 Q1 - Quarterly Report
2023-02-01 16:00
Brookfield Infrastructure Reports Strong 2022 Year-End Results BROOKFIELD, NEWS, Feb. 02, 2023 (GLOBE NEWSWIRE) -- Brookfield Infrastructure Partners L.P. (Brookfield Infrastructure, BIP, or the Partnership) (NYSE: BIP; TSX: BIP.UN) today announced its results for the fourth quarter ended December 31, 2022. | --- | --- | --- | --- | --- | --- | --- | --- | --- | |--------------------------------------------------------------------------------------------------|-------|--------------------------------------- ...
Brookfield Infrastructure Partners(BIP) - 2022 Q3 - Quarterly Report
2022-11-13 16:00
Exhibit 99.1 Brookfield Infrastructure Partners L.P. Interim Report Q3 2022 UNAUDITED INTERIM CONDENSED AND CONSOLIDATED FINANCIAL STATEMENTS AS OF SEPTEMBER 30, 2022 AND DECEMBER 31, 2021 AND FOR THE THREE AND NINE-MONTH PERIODS ENDED SEPTEMBER 30, 2022 AND 2021 INDEX Page Management's Discussion & Analysis 42 | --- | |------------------------------------------------------------------------------------------------------------------------------------------------| | | | Unaudited Interim Condensed and Consol ...
Brookfield Infrastructure Partners(BIP) - 2022 Q3 - Earnings Call Transcript
2022-11-02 18:02
Brookfield Infrastructure Partners LP (NYSE:BIP) Q3 2022 Earnings Conference Call November 2, 2022 9:00 AM ET Company Participants David Krant - CFO Sam Pollock - CEO Ben Vaughan - COO Conference Call Participants Cherilyn Radbourne - TD Securities Robert Kwan - RBC Capital Markets Robert Hope - Scotiabank Andrew Kuske - Crédit Suisse Robert Catellier - CIBC Devin Dodge - BMO Capital Markets Naji Baydoun - Industrial Alliance Frederic Bastien - Raymond James Operator Hello, and thank you for standing by. We ...
Brookfield Infrastructure Partners(BIP) - 2022 Q2 - Quarterly Report
2022-08-11 16:00
Exhibit 99.1 Brookfield Infrastructure Partners L.P. Interim Report Q2 2022 UNAUDITED INTERIM CONDENSED AND CONSOLIDATED FINANCIAL STATEMENTS AS OF JUNE 30, 2022 AND DECEMBER 31, 2021 AND FOR THE THREE AND SIX-MONTH PERIODS ENDED JUNE 30, 2022 AND 2021 INDEX Page Management's Discussion & Analysis 42 | --- | |----------------------------------------------------------------------------------------------------------------------------------------------------| | | | Unaudited Interim Condensed and Consolidated ...
Brookfield Infrastructure Partners(BIP) - 2022 Q2 - Earnings Call Transcript
2022-08-03 17:11
Brookfield Infrastructure Partners L.P. (NYSE:BIP) Q2 2022 Results Conference Call August 3, 2022 9:00 AM ET Company Participants Samuel Pollock - Chief Executive Officer David Krant - Chief Financial Officer Matthew Grimes - Senior Vice President of Investment Benjamin Vaughan - Chief Operating Officer Conference Call Participants Robert Hope - Scotiabank Maurice Choy - RBC Capital Markets Robert Catellier - CIBC Devin Dodge - BMO Capital Markets Frederic Bastien - Raymond James Andrew Kuske - Credit Suiss ...