Infrastructure stocks already promise to be a big winner in the 2024 election as tensions heat up over America’s current road, bridge, and waterway conditions. While the current administration developed a substantial infrastructure plan, many feel there’s a long road (pun intended) ahead. Talking heads are already bemoaning the poor state of U.S. infrastructure development.Even if infrastructure stocks don’t prove the biggest election stocks this cycle, plenty of upside potential is present. Current infrast ...

Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. However, it isn't easy to find a great growth stock.That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss.However, the task of finding cutting-edge growth stocks is made easy with the help of the Z ...

For those looking to find strong Finance stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Brookfield Infrastructure Partners (BIP) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.Brookfield Infrastructure Partners is one of 857 companies in the Finance group. The Finance group currently sits at #8 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average ...

Brookfield Infrastructure Partners L.P. (NYSE:BIP) Q4 2023 Earnings Conference Call February 1, 2024 9:00 AM ET Company Participants David Krant - Chief Financial Officer Sam Pollock - Chief Executive Officer Ben Vaughan - Chief Operating Officer Conference Call Participants Cherilyn Radbourne - TD Cowen Robert Kwan - RBC Capital Markets Devin Dodge - BMO Capital Markets Frederic Bastien - Raymond James Operator Good day, and thank you for standing by. Welcome to the Brookfield Infrastructure Partners Fourt ...

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 st ...

Brookfield Infrastructure Partners L.P. (BIP) 2023 Year-End Results [Financial Highlights](index=1&type=section&id=Financial%20Highlights) Brookfield Infrastructure Partners reported strong 2023 results, with **Funds from Operations (FFO)** increasing **10%** to **$2.3 billion**, driven by **8%** organic growth and contributions from new investments, while **Net income attributable to the partnership** was **$432 million** | Financial Metric | 2023 | 2022 | | :--- | :--- | :--- | | Net income attributable to the partnership | $432 million | $407 million | | Net income per unit | $0.14 | $0.14 | | Funds from Operations (FFO) | $2,288 million | $2,087 million | | FFO per unit | $2.95 | $2.71 | - **FFO** growth of **10%** was supported by **8%** organic growth, reflecting strong inflation linkage, volume growth, and the commissioning of approximately **$1 billion** in new capital projects[5](index=5&type=chunk) - Over **$2 billion** was deployed into new investments in Q3 and Q4 2023, which favorably impacted results, partially offset by **$1.9 billion** of asset sales that closed in Q2 2023[5](index=5&type=chunk) - CEO Sam Pollock stated, "We believe 2024 will be an even better year, and we are already off to a strong start on our capital recycling and deployment initiatives"[4](index=4&type=chunk) [Segment Performance](index=1&type=section&id=Segment%20Performance) Overall **FFO** growth was driven by strong performance in the Utilities and Transport segments, which increased by **19%** and **12%** respectively, with the Data segment also seeing a **15%** increase due to acquisitions, partially offset by a decline in the Midstream segment primarily from a partial asset sale | FFO by Segment (US$ millions) | 2023 | 2022 | Change | | :--- | :--- | :--- | :--- | | Utilities | $879 | $739 | +19% | | Transport | $888 | $794 | +12% | | Midstream | $684 | $743 | -8% | | Data | $275 | $239 | +15% | | **Total FFO** | **$2,288** | **$2,087** | **+10%** | [Utilities](index=1&type=section&id=Utilities) The Utilities segment generated **FFO** of **$879 million**, a **19%** increase from the prior year, primarily driven by inflation indexation of approximately **6%**, contributions from **$500 million** of newly commissioned capital, and strong performance from the HomeServe business acquired in January 2023 - **FFO** increased by **19%** to **$879 million** in 2023 from **$739 million** in 2022[6](index=6&type=chunk) - Key growth drivers included inflation indexation (**~6%**), commissioning of **~$500 million** of capital into the rate base, and the acquisition of HomeServe[6](index=6&type=chunk) [Transport](index=2&type=section&id=Transport) The Transport segment's **FFO** increased by **12%** to **$888 million**, supported by inflationary tariff increases and higher volumes across its networks, with rail networks seeing an **8%** rate increase and **2%** volume growth, and toll roads experiencing a **4%** increase in traffic and **9%** tariff growth, alongside a positive contribution from the acquisition of Triton - **FFO** increased by **12%** to **$888 million** in 2023 from **$794 million** in 2022[7](index=7&type=chunk) - Performance drivers included: - Rail networks: **8%** average annual rate increase and **2%** volume growth - Toll roads: **4%** increase in traffic levels and **9%** tariff increase - Contribution from the acquisition of Triton, a global intermodal logistics operation[7](index=7&type=chunk) [Midstream](index=2&type=section&id=Midstream) The Midstream segment's **FFO** decreased to **$684 million** from **$743 million** in the previous year, primarily due to the partial sale of a U.S. gas pipeline and normalization of market-sensitive revenues, though results were supported by increased utilization and higher contracted cash flows - **FFO** declined to **$684 million** in 2023 from **$743 million** in 2022[8](index=8&type=chunk) - The decrease was mainly due to the partial sale of a U.S. gas pipeline and normalization of market-sensitive revenues at a Canadian midstream business[8](index=8&type=chunk) [Data](index=2&type=section&id=Data) The Data segment's **FFO** grew by **15%** to **$275 million**, largely driven by three significant acquisitions completed during the year, including a European telecom tower operation and two hyperscale data center platforms - **FFO** increased by **15%** to **$275 million** in 2023 from **$239 million** in 2022[1](index=1&type=chunk) - Growth was primarily attributable to three large-scale acquisitions made during the year[1](index=1&type=chunk) [Update on Strategic Initiatives](index=2&type=section&id=Update%20on%20Strategic%20Initiatives) In 2023, the company deployed over **$2 billion** in acquisitions, including Triton and two hyperscale data center platforms, and post-year-end, acquired **40** data center sites from Cyxtera for approximately **$1.3 billion** and American Tower's India operations for **$2 billion**, while progressing on its capital recycling plan targeting **$2 billion** in proceeds for 2024 - Deployed over **$2 billion** in three acquisitions in 2023, including the take-private of Triton and two hyperscale data center platforms[9](index=9&type=chunk) - Acquired **40** data center sites from Cyxtera for **~$1.3 billion**, creating a leading retail colocation provider in North America[10](index=10&type=chunk) - Acquired American Tower's operations in India (**78,000** telecom sites) for **$2 billion**, creating one of the largest tower platforms globally with **253,000** sites[11](index=11&type=chunk) - The company is on track to achieve its **$2 billion** capital recycling target for 2024, having already generated **$550 million** from opportunistic financings of two North American pipeline operations[12](index=12&type=chunk) [Distribution and Dividend Declaration](index=2&type=section&id=Distribution%20and%20Dividend%20Declaration) The Board of Directors announced the **15th** consecutive distribution increase, raising the quarterly payout by **6%** to **$0.405** per unit, payable on March 29, 2024, to unitholders of record as of February 29, 2024 - Declared a quarterly distribution of **$0.405** per unit, representing a **6%** increase compared to the prior year[3](index=3&type=chunk)[13](index=13&type=chunk) - This marks the **15th** consecutive distribution increase for the company[3](index=3&type=chunk) [Consolidated Financial Statements](index=5&type=section&id=Consolidated%20Financial%20Statements) This section presents the unaudited consolidated financial statements for Brookfield Infrastructure Partners L.P. as of and for the year ended December 31, 2023, including the Statement of Financial Position, Statement of Operating Results, and Statement of Cash Flows [Consolidated Statements of Financial Position](index=5&type=section&id=Consolidated%20Statements%20of%20Financial%20Position) As of December 31, 2023, **Total Assets** increased to **$100.8 billion** from **$73.0 billion** in 2022, driven by significant growth in property, plant, and equipment, while **Total Liabilities** rose to **$66.8 billion** from **$47.4 billion**, primarily due to an increase in non-recourse borrowings | Balance Sheet Item (US$ millions) | Dec 31, 2023 | Dec 31, 2022 | | :--- | :--- | :--- | | Total Assets | $100,784 | $72,969 | | Total Liabilities | $66,768 | $47,415 | | Total Partnership Capital | $34,016 | $25,554 | [Consolidated Statements of Operating Results](index=5&type=section&id=Consolidated%20Statements%20of%20Operating%20Results) For the year ended December 31, 2023, **Revenues** grew to **$17.9 billion** from **$14.4 billion** in 2022, with **Net Income Attributable to Partnership** at **$432 million**, a slight increase from **$407 million** in the prior year, as higher revenues were partially offset by increased direct operating and interest expenses | Income Statement Item (US$ millions) | 2023 | 2022 | | :--- | :--- | :--- | | Revenues | $17,931 | $14,427 | | Net Income | $1,448 | $1,375 | | Net Income Attributable to Partnership | $432 | $407 | [Consolidated Statements of Cash Flows](index=6&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) For 2023, **Cash from operating activities** increased to **$4.1 billion**, **Cash used by investing activities** was significantly higher at **$13.0 billion** due to acquisitions, and **Cash from financing activities** was a strong inflow of **$9.4 billion**, driven by new borrowings and capital from non-controlling interests, resulting in a net increase in cash of **$507 million** | Cash Flow Item (US$ millions) | 2023 | 2022 | | :--- | :--- | :--- | | Cash from operating activities | $4,078 | $3,131 | | Cash used by investing activities | $(12,990) | $(3,365) | | Cash from financing activities | $9,419 | $56 | | Change in cash during the period | $507 | $(178) | [Reconciliation of Non-IFRS Measures](index=7&type=section&id=Reconciliation%20of%20Non-IFRS%20Measures) This section provides a reconciliation of the non-IFRS measure, **Funds from Operations (FFO)**, to the most directly comparable IFRS measure, **Net Income**, which management uses as a key measure to evaluate operating performance [Reconciliation of Net Income to FFO](index=7&type=section&id=Reconciliation%20of%20Net%20Income%20to%20FFO) For 2023, the company reconciled a **Net Income** of **$1.45 billion** to **Funds from Operations (FFO)** of **$2.29 billion**, with primary adjustments including adding back **$2.74 billion** in **depreciation and amortization** and including a **$923 million** **FFO** contribution from investments in associates and joint ventures | Reconciliation Item (US$ millions) | 2023 | 2022 | | :--- | :--- | :--- | | Net Income | $1,448 | $1,375 | | Depreciation and amortization | $2,739 | $2,158 | | FFO attributable to non-controlling interests | $(2,669) | $(2,348) | | Other adjustments | $769 | $902 | | **FFO** | **$2,288** | **$2,087** | [Statements of Funds from Operations per Unit](index=8&type=section&id=Statements%20of%20Funds%20from%20Operations%20per%20Unit) **FFO per unit** increased to **$2.95** in 2023 from **$2.71** in 2022, derived by adjusting the IFRS-based **earnings per limited partnership unit** for non-cash items like **depreciation and amortization** | FFO per Unit Calculation (US$) | 2023 | 2022 | | :--- | :--- | :--- | | Earnings per limited partnership unit | $0.14 | $0.14 | | Depreciation and amortization | $1.84 | $1.66 | | Deferred taxes and other items | $0.97 | $0.91 | | **FFO per unit** | **$2.95** | **$2.71** | Brookfield Infrastructure Corporation (BIPC) 2023 Year-End Results [BIPC Financial Highlights and Dividend](index=8&type=section&id=BIPC%20Financial%20Highlights%20and%20Dividend) Brookfield Infrastructure Corporation (**BIPC**) reported 2023 **net income** of **$606 million**, a decrease from **$1.6 billion** in the prior year primarily due to the accounting revaluation of its own shares, though underlying earnings were modestly higher year-over-year, and the Board declared a **6%** increase in the quarterly dividend to **$0.405** per share, identical to the distribution on BIP units - **BIPC** reported **net income** of **$606 million** for 2023, compared to **$1,619 million** in 2022, with the decline mainly due to the impact of the revaluation of its own shares, which are classified as liabilities under IFRS[45](index=45&type=chunk) - The Board of Directors declared a quarterly dividend of **$0.405** per share, a **6%** increase from the prior year, which is economically equivalent to the BIP distribution[42](index=42&type=chunk) [BIPC Consolidated Financial Statements](index=9&type=section&id=BIPC%20Consolidated%20Financial%20Statements) This section presents the unaudited consolidated financial statements for Brookfield Infrastructure Corporation (**BIPC**) as of and for the year ended December 31, 2023, including the Statement of Financial Position, Statement of Operating Results, and Statement of Cash Flows [BIPC Consolidated Statements of Financial Position](index=9&type=section&id=BIPC%20Consolidated%20Statements%20of%20Financial%20Position) As of December 31, 2023, **BIPC**'s **Total Assets** grew significantly to **$23.9 billion** from **$10.2 billion** in 2022, driven by a large increase in property, plant, and equipment, while **Total Liabilities** also increased substantially, primarily due to a rise in non-recourse borrowings | Balance Sheet Item (US$ millions) | Dec 31, 2023 | Dec 31, 2022 | | :--- | :--- | :--- | | Total Assets | $23,909 | $10,178 | | Total Liabilities | $19,841 | $10,539 | | Total Equity | $4,068 | $(361) | [BIPC Consolidated Statements of Operating Results](index=10&type=section&id=BIPC%20Consolidated%20Statements%20of%20Operating%20Results) For 2023, **BIPC**'s **Revenues** increased to **$2.5 billion** from **$1.9 billion** in 2022, with **Net Income** at **$606 million**, down from **$1.6 billion**, largely due to a negative variance of over **$1 billion** in the 'Remeasurement of exchangeable and class B shares' line item compared to the prior year | Income Statement Item (US$ millions) | 2023 | 2022 | | :--- | :--- | :--- | | Revenues | $2,503 | $1,886 | | Remeasurement of exchangeable shares | $34 | $1,058 | | Net Income | $606 | $1,619 | [BIPC Consolidated Statements of Cash Flows](index=10&type=section&id=BIPC%20Consolidated%20Statements%20of%20Cash%20Flows) For 2023, **BIPC** generated **$1.06 billion** in **Cash from operating activities**, with **Cash used by investing activities** increasing to **$3.17 billion** due to acquisitions, and **Financing activities** providing a net cash inflow of **$2.18 billion**, resulting in a net increase in cash of **$68 million** for the year | Cash Flow Item (US$ millions) | 2023 | 2022 | | :--- | :--- | :--- | | Cash from operating activities | $1,059 | $893 | | Cash used by investing activities | $(3,174) | $(1,047) | | Cash from (used by) financing activities | $2,183 | $(4) | | Change in cash during the period | $68 | $(158) | Other Information [About Brookfield Infrastructure](index=3&type=section&id=About%20Brookfield%20Infrastructure) Brookfield Infrastructure is a leading global infrastructure company that owns and operates high-quality, long-life assets in the utilities, transport, midstream, and data sectors, focusing on assets with contracted and regulated revenues that generate stable cash flows, and is the flagship listed infrastructure company of Brookfield Asset Management - The company owns and operates assets across the utilities, transport, midstream, and data sectors in the Americas, Asia Pacific, and Europe[19](index=19&type=chunk) - It is the flagship listed infrastructure company of Brookfield Asset Management, a global alternative asset manager with over **$850 billion** of assets under management[20](index=20&type=chunk) [Forward-Looking Statements](index=3&type=section&id=Forward-Looking%20Statements) This news release contains forward-looking statements regarding business expansion, transaction completions, and future performance, with the company cautioning that these statements are based on reasonable assumptions but are subject to known and unknown risks and uncertainties that could cause actual results to differ materially - The document contains forward-looking information concerning future events, trends, and prospects, which are not historical facts[22](index=22&type=chunk) - Readers are cautioned not to place undue reliance on these statements as future performance is subject to numerous risks and uncertainties, including economic conditions, market demand, and the ability to complete and integrate transactions[23](index=23&type=chunk)

A KeyBank sign with a market ticker is seen on the facade of the KeyBank Building in Columbus, Ohio.Investors seeking a steady stream of income in these uncertain times can consider adding some attractive dividend stocks to their portfolios.The selection of the right dividend stock involves a thorough analysis of the fundamentals of a company and its ability to sustain its dividend payments. Bearing that in mind, investors can follow the recommendations of Wall Street's top analysts to pick dividend stocks ...

It was an ugly year for utility stocks. The rapid rise in interest rates by the Federal Reserve caused a drag on utility earnings. Utility borrowing costs rise because they are capital-intensive and rely heavily upon debt financing. Utilities end up taking a hit on earnings. Also, income investors sour on utilities as bond rates look more attractive. That doesn’t mean there aren’t top utilities sector picks to consider.While last year was a bust, can 2024 be better? There are reasons to think so. The Fed wi ...

Most active investors desire to earn above-average returns. Otherwise, they'd simply passively invest in an S&P 500 index fund and call it a day, since that would provide them with market-average returns with little effort.Earning above-average returns isn't always easy, though. However, one strategy has delivered them with a fair degree of consistency over the years: investing in dividend stocks, specifically dividend growers and initiators. As the data clearly showcases, they've historically delivered abo ...

A low share price doesn't translate to low potential for returns. It just means you don't need as much money to get started investing.There are plenty of stocks that are good candidates with relatively low share prices. I think that a few stand out above the others, though. Here are three no-brainer stocks to buy right now for less than $50.1. Brookfield InfrastructureYou have two choices with Brookfield Infrastructure (BIP 1.07%) (BIPC 0.65%). Its limited partnership (LP) units trade under the BIP ticker, ...