These high-quality companies are often great buys during a sell-off.The stock market has been red-hot over the past year. The S&P 500 surged more than 25%, while the Nasdaq's value soared by about 33%. At some point, the market will take a breather. Market sell-offs are often ideal times to buy high-quality companies at great prices. NextEra Energy (NEE -1.06%) and Brookfield Infrastructure (BIP 0.23%) (BIPC -0.69%) will probably fall during the next market slump. That would be a great opportunity to scoop ...

Financial Data and Key Metrics Changes - The company reported funds from operations (FFO) of $615 million for Q1 2024, an 11% increase compared to the same period last year, reflecting organic growth of 7% and contributions from over $2 billion of capital deployed in the previous year [56][43] - The corporate liquidity at the end of Q1 remained strong with over $2 billion available to support growth initiatives [7] Business Line Data and Key Metrics Changes - The Transport segment generated FFO of $302 million, a 57% increase year-over-year, primarily due to the acquisition of Triton, which has exceeded performance expectations [3] - The Midstream segment produced FFO of $170 million, comparable to the prior year after excluding capital recycling impacts, with strong demand in North American Gas Storage operations [4] - Utilities generated FFO of $190 million, down from $208 million in the same period last year, mainly due to capital recycling initiatives, but organic growth was 8% driven by inflation indexation [43] - The Data segment's FFO was $68 million, consistent with the same period last year, supported by new data center acquisitions [45] Market Data and Key Metrics Changes - The company noted that geopolitical events in the Middle East have increased global demand for containers, leading to a fleet utilization rate of over 98% for Triton [3] - The company highlighted that approximately 90% of cash flows are regulated or contracted and inflation-protected, providing resilience in the current economic environment [6] Company Strategy and Development Direction - The company is focusing on high-risk-adjusted return opportunities in its investment pipeline, with a significant emphasis on organic and tuck-in opportunities [9] - The company is witnessing increased interest in infrastructure assets from institutional investors, which is expected to continue [10] - The company aims to achieve $2 billion in annual capital recycling, with $1.2 billion already secured [62] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the business's strength despite higher interest rates, citing a favorable revenue profile and sector tailwinds [6] - The outlook for the global economy remains positive, with expectations of continued interest in the data sector driven by digitalization trends [50][64] - Management acknowledged potential volatility in the near term due to geopolitical situations and interest rate fluctuations but emphasized the long-term stability of their diversified infrastructure business [89][90] Other Important Information - The company completed a $1.6 billion financing in its Brazilian regulated gas transmission business, generating approximately $500 million in proceeds [88] - The company signed a binding agreement to sell its fiber platform within the French telecom infrastructure business for over €1 billion, expected to yield an IRR of 17% [28] Q&A Session Summary Question: What is the current FFO related to decarbonization and digitalization trends? - Management indicated that approximately 30% of current FFO comes from residential decarbonization and data sectors, while 80% of the capital project backlog is in these areas, suggesting a growing proportion of cash flows from these segments [13] Question: Can you provide updates on the Inter Pipeline and its production ramp-up? - Management stated that the Heartland facility is expected to achieve full production by mid-2024, with current production levels in line with previous quarters [95] Question: How is the Triton business performing and what synergies are expected? - Triton is performing well above expectations, with excellent asset utilization and solid rates, contributing positively to the overall business [78][79] Question: What is the company's approach to M&A and capital allocation? - Management is being selective in M&A opportunities, focusing on high-return investments while preserving capital for potential future opportunities [18][99]

Financial Performance - Brookfield Infrastructure's Funds From Operations (FFO) reached $615 million, or $078 per unit, representing an 8% increase compared to the prior year[5, 183] - The distribution per unit was $0405, a 6% increase year-over-year[6, 174] - The payout ratio for the quarter was 67%, aligning with the company's long-term target range of 60-70%[168, 183] - Adjusted Funds From Operations (AFFO) amounted to $512 million[117] - Return on Invested Capital (ROIC) stood at 14%[102, 168] Segment Results - Utilities segment Adjusted EBITDA and FFO were $316 million and $190 million, respectively[18, 22, 42] - Transport segment Adjusted EBITDA and FFO were $401 million and $302 million, respectively[39, 40] - Midstream segment Adjusted EBITDA and FFO were $256 million and $170 million, respectively[28, 58] - Data segment Adjusted EBITDA and FFO were $130 million and $68 million, respectively[18, 67, 70] Strategic Initiatives and Liquidity - Brookfield Infrastructure secured approximately $12 billion in capital recycling proceeds, exceeding half of its $2 billion target[171] - Total liquidity was approximately $45 billion as of March 31, 2024[89, 162] - The company deployed approximately $450 million in growth capital expenditures across its utility, transport, midstream, and data businesses[185]

Transportation stocks may not be the flashiest investment, but in today’s economy, they tend to be stabler and more reliable than high-flying growth stocks. Still, pinning down top transportation stocks to buy is tricky. Err on the side of caution, and your investment may flatline indefinitely; swing the other direction, and your capital could crash faster than a car hitting a massive pothole.Generally, I’d recommend against highly regulated transportation stock sectors like airlines and rail companies. The ...

PM Images Brookfield Infrastructure Partners L.P. (NYSE:BIP) is a promising passive income investment with an international profile, a diversified portfolio, resilient FFO and a low FFO payout ratio. The focus on owning and operating regulated infrastructure assets leads to long-term FFO visibility, and the company has delivered impressive distribution growth over the last decade. Brookfield Infrastructure Partners is selling for a low FFO multiple when taking into account the strength of its value proposit ...

HOUSTON, April 8, 2024 /PRNewswire/ -- Foundry JV Holdco LLC (the "Company"), a Delaware limited liability company, today announced that it has successfully completed the previously announced 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 Tru ...

JamesBrey Back on December 23, 2022, we purchased a large position in Brookfield Infrastructure Partners' (NYSE:BIP)(NYSE:BIPC) preferred units (NYSE:BIP.PR.A) at a price of $16.63 per unit. However, we recently sold our position at $18.70 per unit, locking in a nice 22.1% total return (17.3% annualized) including distributions and in this article, we detail why. BIP/BIPC Overview Last October, we bought the dip in BIP units when it was trading in the low $20s and have made a hefty profit off of it since th ...

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 ...

thitivong In our last coverage of Brookfield Infrastructure Partners L.P. (BIP), (BIPC), we highlighted some interesting opportunities in the secondary securities. In the US, there are two preferred shares listed. Brookfield Infrastructure Partners L.P. 5.125 CL A PFD13 (NYSE:BIP.PR.A) and Brookfield Infrastructure Partners L.P. 5.00% PFD A 14 (NYSE:BIP.PR.B). The two preferreds were on a tear after that and did well for investors as they corrected their immense undervaluation. Seeking Alpha They have r ...

BROOKFIELD, NEWS, March 19, 2024 (GLOBE NEWSWIRE) -- Brookfield Infrastructure (NYSE:BIP, TSX:BIP) today announced that after having taken into account all conversion notices received by the March 18, 2024 deadline for the conversion of BIP Investment Corporation's ("BIPIC") Senior Preferred Shares, Series 1 ("Series 1 Shares") (TSX:BIK) into Senior Preferred Shares, Series 2 ("Series 2 Shares"), BIPIC has determined that there will be no conversion of Series 1 Shares into Series 2 Shares, and holders of Se ...