Core Insights - Brookfield Infrastructure Partners L.P. reported a net income of $1.1 billion for the year ended December 31, 2025, significantly up from $391 million in 2024, driven by strong operational performance and capital recycling activities [2][3][31] - The company achieved funds from operations (FFO) of $2.6 billion, or $3.32 per unit, representing a 10% increase over normalized FFO and a 6% increase compared to 2024 [3][4][41] - The company expects FFO to increase further in 2026 as new investments contribute to results and the growth pipeline expands to include AI infrastructure [2][8] Financial Performance - Net income attributable to the partnership for 2025 was $1.1 billion, with a per unit income of $0.90, compared to $0.04 in 2024 [2][31] - FFO for 2025 was $2.6 billion, or $3.32 per unit, compared to $2.5 billion, or $3.12 per unit, in 2024 [3][41] - Revenues for 2025 reached $23.1 billion, up from $21.0 billion in 2024, while direct operating costs increased from $15.7 billion to $16.9 billion [31][53] Segment Performance - The utilities segment generated FFO of $786 million, a 7% increase year-over-year, benefiting from inflation indexation and new capital commissioned [4][5] - The transport segment's FFO was $1.1 billion, consistent with the previous year after normalizing for asset sales and foreign exchange [5][6] - The midstream segment reported FFO of $668 million, reflecting a 7% year-over-year increase due to higher volumes and activity levels [6] - The data segment saw a significant increase in FFO to $502 million, over 50% higher than the previous year, driven by new investments and strong organic growth [7] Strategic Initiatives - The company exceeded its $3 billion capital recycling target in 2025 and completed $1.5 billion in new investments [2][8] - Asset sales reached a record $3.1 billion in 2025, with expectations to continue this momentum into 2026 [12][13] - The company has secured additional projects under a framework agreement with Bloom Energy, totaling approximately 230 MW of power generation [9] Dividend and Distribution - The Board of Directors declared a quarterly distribution of $0.455 per unit, a 6% increase compared to the prior year, payable on March 31, 2026 [16][44] - The equivalent quarterly dividend for Brookfield Infrastructure Corporation's shares was also declared at $0.455, aligning with the distribution for BIP units [44][45]

Core Insights - During market turbulence, investors often seek dividend-yielding stocks, which typically have high free cash flows and offer substantial dividends [1] Group 1: Edison International (NYSE:EIX) - Dividend Yield: 5.78% [6] - Barclays analyst Nicholas Campanella maintained an Overweight rating and reduced the price target from $68 to $67 [6] - Wells Fargo analyst Shahriar Pourreza downgraded the stock from Equal-Weight to Underweight, raising the price target from $56 to $59 [6] - Recent news indicates that Edison International posted positive quarterly results on Oct. 28 [6] Group 2: Brookfield Infrastructure Partners L.P. (NYSE:BIP) - Dividend Yield: 4.88% [6] - Jefferies analyst Anthony Linton maintained a Buy rating with a price target of $35 [6] - RBC Capital analyst Maurice Choy maintained an Outperform rating with a price target of $40 [6] - Recent news mentions that Brookfield Infrastructure Partners will hold its fourth-quarter conference call on Jan. 29 [6] Group 3: Dominion Energy Inc (NYSE:D) - Dividend Yield: 4.48% [6] - Barclays analyst Nicholas Campanella maintained an Overweight rating and cut the price target from $64 to $63 [6] - Wells Fargo analyst Shahriar Pourreza maintained an Overweight rating and lowered the price target from $67 to $64 [6] - Recent news states that Dominion Energy will host its fourth-quarter earnings call on Feb. 23 [6]

Core Viewpoint - The article highlights three high-quality dividend stocks—Brookfield Infrastructure, ExxonMobil, and Prologis—that offer attractive yields above 3% and are expected to continue increasing their dividends due to strong business fundamentals and financial profiles [1][14]. Group 1: Brookfield Infrastructure - Brookfield Infrastructure has a dividend yield of approximately 3.8% and operates a diverse portfolio across utilities, transportation, energy midstream, and data sectors, generating stable cash flows backed by long-term contracts [2][5]. - The company aims to distribute 60% to 70% of its stable cash flows as dividends while retaining the rest for reinvestment, with a backlog of $7.8 billion in capital projects expected to be completed in the next two to three years, primarily in the data segment [3][5]. - Brookfield has secured $1.5 billion in new business deals over the past year and anticipates growing its funds from operations by over 10% annually, which should drive dividend increases of 5% to 9% each year [5][14]. Group 2: ExxonMobil - ExxonMobil has a dividend yield of just over 3% and benefits from a large-scale, integrated business model that mitigates the impact of oil price volatility on earnings [6][8]. - The company expects to achieve $25 billion in earnings growth and $35 billion in cash flow growth by 2030, driven by structural cost savings and high-return capital projects [8][9]. - ExxonMobil plans to generate approximately $145 billion in cumulative surplus cash over the next five years, allowing for continued dividend increases, having raised its dividend for 42 consecutive years [9][14]. Group 3: Prologis - Prologis offers a dividend yield of 3.2%, supported by stable cash flows from long-term leases that typically include annual rental escalations [10][12]. - The REIT maintains a conservative dividend payout ratio and a strong balance sheet, providing financial flexibility for portfolio expansion through development projects and acquisitions [12][13]. - Prologis primarily invests in logistics properties and aims to leverage its land bank and expertise in developing data centers, which should facilitate ongoing dividend growth, having increased its payout at a 13% compound annual rate over the last five years [13][14].

Core Viewpoint - Brookfield Infrastructure Partners L.P. (NYSE:BIP) is recognized as a strong investment opportunity, supported by favorable industry trends and growth expectations in funds from operations per share [2][4]. Group 1: Price Target and Ratings - Scotiabank has raised its price target for Brookfield Infrastructure Partners L.P. to $44 from $41, maintaining an Outperform rating [2]. - The price target update is part of a broader review of energy infrastructure stocks under Scotiabank's coverage [2]. Group 2: Industry Trends and Growth Drivers - Strong power demand and increasing LNG exports are identified as key industry trends that create investment opportunities for Brookfield [3]. - Scotiabank anticipates an upward bias in long-term estimates for the energy infrastructure sector due to these supportive trends [3]. Group 3: Company Growth Expectations - Brookfield expects to grow funds from operations per share by over 10% annually in the long run, with potential growth closer to 14% in the medium term [4]. - Contributing factors to this growth include inflation-linked rate increases, rising volumes from global economic growth, ongoing capital projects, and acquisitions [4]. Group 4: Dividend Outlook - The current dividend yield for Brookfield is approximately 4.9%, with management projecting annual payout increases of about 5% to 9% [5]. - The anticipated earnings growth is a key factor supporting the sustainability of the dividend [5]. Group 5: Company Overview - Brookfield Infrastructure Partners L.P. operates globally with long-life assets across utilities, transport, midstream, and data infrastructure in the U.S., Asia Pacific, and Europe [5].

Group 1 - The article celebrates the fifth anniversary of High Yield Investor by offering a 30-day money-back guarantee for new members, promoting the release of their Top Picks for 2026 [1] - The stock market, represented by SPY, is currently considered overvalued based on various valuation metrics, indicating a potential risk for investors [1] - Samuel Smith, the lead analyst, has a diverse background in dividend stock research and focuses on balancing safety, growth, yield, and value in investment strategies [1] Group 2 - High Yield Investor provides real-money core, retirement, and international portfolios, along with regular trade alerts and educational content for investors [1] - The article includes a philosophical perspective on wealth and investment, quoting a biblical passage that emphasizes the importance of spiritual over material wealth [1]

Core Insights - Brookfield Infrastructure has generated a nearly 14% annualized total return since its inception in 2008, indicating strong performance and wealth creation potential [1][3] - The company expects to grow its funds from operations (FFO) per share by more than 10% annually over the long term, supported by various growth drivers [4][6] - A $1,000 investment today could grow to over $25,000 in 25 years, assuming continued performance at historical rates [5] Financial Performance - Brookfield Infrastructure has achieved a 14% compound annual growth rate in FFO from 2009 through 2024, contributing to a 9% compound annual dividend growth [3][4] - The company anticipates FFO per share growth of around 14% annually in the medium term, driven by inflation-linked rate increases, volume growth, and strategic acquisitions [4] Dividend Outlook - The current dividend yield is nearly 4%, with plans to increase dividends by 5% to 9% annually [4][6] - This combination of income and earnings growth supports the company's ability to deliver returns close to its historical average [5]

Core Insights - High Yield Investor is celebrating its fifth anniversary by offering a 30-day money-back guarantee, encouraging new memberships and the release of their Top Picks for 2026 [1] Company Overview - Samuel Smith, a lead analyst and Vice President at various dividend stock research firms, leads the High Yield Investor group, which focuses on balancing safety, growth, yield, and value in investment strategies [1] - The High Yield Investor group provides real-money core, retirement, and international portfolios, along with regular trade alerts, educational content, and an active chat room for investors [1] Investment Strategy - The article discusses the common perception among investors that there is a trade-off between yield and growth, as well as quality and total return potential, particularly among younger investors [1]

Group 1 - Triton International was acquired by Brookfield Infrastructure in 2023, but its preferred shares remain outstanding [1] - The Investment Doctor emphasizes a portfolio mix of dividend and growth stocks, focusing on European small-cap investments [1] - The investment group European Small Cap Ideas provides exclusive research on appealing Europe-focused investment opportunities [1] Group 2 - The European Small Cap Ideas portfolio and the European REIT Portfolio are featured as model portfolios [1] - Weekly updates and educational content are provided to enhance understanding of European investment opportunities [1] - An active chat room is available for discussions on the latest developments of portfolio holdings [1]

Group 1 - The author is an electromechanical engineer with experience in automotive, IT infrastructure, and medical device industries, aiming to provide technical breakdowns on company products and share industry experiences [1] - The focus is on delivering insights into current engineering trends and real-world product knowledge, which can benefit investors conducting research [1] - The author identifies as a long-term buy-and-hold investor, seeking investments with strong cash flows and a growing passive income stream or significant R&D investments [1]

Group 1 - The analyst has over a decade of experience researching various companies across different sectors, including commodities like oil, natural gas, gold, and copper, as well as technology firms such as Google and Nokia [1] - The analyst has transitioned from writing a personal blog to creating a value investing-focused YouTube channel, where extensive research on hundreds of companies has been conducted [1] - The analyst expresses a particular interest in covering metals and mining stocks, while also being comfortable with other industries like consumer discretionary/staples, REITs, and utilities [1]