This news release constitutes a “designated news release” for the purposes of the prospectus supplement dated November 19, 2025 to the short form base shelf prospectus of Brookfield Infrastructure Corporation and Brookfield Infrastructure Partners L.P. dated January 29, 2025. BROOKFIELD, NEWS, Jan. 29, 2026 (GLOBE NEWSWIRE) -- Brookfield Infrastructure Partners L.P. (Brookfield Infrastructure, BIP, or the Partnership) (NYSE: BIP; TSX: BIP.UN) today announced its results for the year ended December 31, 2025. ...

Key Points Brookfield Infrastructure has delivered a more than 14% annualized total return since its inception. The company expects to grow its FFO per share by more than 10% annually over the long term. It currently offers a nearly 4%-yielding dividend, which it intends to increase by 5% to 9% each year. 10 stocks we like better than Brookfield Infrastructure › Brookfield Infrastructure (NYSE: BIPC)(NYSE: BIP) has been a wealth-creating machine since its formation in 2008. The global infrastruct ...

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]

Industry Overview - The natural gas distribution industry is experiencing rising demand due to the clean-burning nature of natural gas, which is essential for transporting gas from production regions to consumers across the U.S. [1][3] - The U.S. has a substantial natural gas reserve of 3,353 trillion cubic feet and a pipeline network of 2.5 million miles [4]. Key Trends - The shale revolution has significantly increased natural gas production, leading to higher demand from various customer groups [3]. - The industry faces challenges from aging infrastructure, with many pipelines nearing the end of their effective service life, raising safety and maintenance concerns [6]. - Competition from other clean energy sources is increasing, as renewable energy projects become more affordable and reliable, potentially impacting the demand for natural gas [5]. Financial Insights - The Zacks Utility Gas Distribution industry currently ranks 149 out of 243 Zacks industries, indicating weak near-term prospects, with a negative earnings outlook as earnings estimates for 2025 have decreased by 7.7% since December 31, 2024 [10][11]. - The Gas Distribution industry has underperformed compared to the S&P 500 and the Utility sector, with an 8.5% gain over the past year compared to 14.5% for the Utility sector and 16.1% for the S&P 500 [12]. Valuation Metrics - The industry is trading at a trailing 12-month EV/EBITDA ratio of 10.35X, which is lower than the Zacks S&P 500 composite's 18.77X and the sector's 15.27X [13]. Company Highlights - **Atmos Energy Corp.**: Plans to invest $3.6 billion in fiscal 2026 to enhance infrastructure and replace old pipelines, with a current dividend yield of 2.4% and long-term earnings growth projected at 7.98% [15][16]. - **Brookfield Infrastructure Corp.**: Engaged in natural gas and electricity supply, recently signed a $5 billion deal with Bloom Energy and a $20 billion partnership with Qai, with a dividend yield of 3.68% and significant earnings growth estimates [17][18]. - **Spire Inc.**: Focused on organic expansion through infrastructure investments, plans to invest approximately $809 million in fiscal 2026, with a dividend yield of 3.82% and long-term earnings growth estimated at 10.54% [19][20].

Industry Overview - Natural gas distribution companies transport natural gas from production regions to consumers across the U.S., with a significant underground pipeline network [1] - The shale revolution has increased natural gas production, leading to higher demand due to its clean-burning nature [3] - The U.S. has 3,353 trillion cubic feet of natural gas and a pipeline network of 2.5 million miles [3] - Major concerns include aging infrastructure and rising investment costs due to interest rate hikes [3] Key Trends - Increasing competition from renewable energy sources is making utility-scale projects cheaper and more reliable, posing economic risks to new pipeline investments [4] - Aging infrastructure is a challenge, with many pipelines nearing the end of their service life, leading to safety concerns and higher maintenance costs [5] - A decline in interest rates, with the Federal Reserve lowering rates by 175 basis points to a range of 3.50-3.75%, is expected to benefit capital-intensive utilities [6] Industry Performance - The Zacks Utility Gas Distribution industry ranks 149, placing it in the bottom 38% of 243 Zacks industries, indicating weak near-term prospects [7] - Earnings estimates for the industry have decreased by 7.7% since December 31, 2024 [8] - The Gas Distribution industry has gained 8.5% over the past year, underperforming the Utility sector's 14.5% and the S&P 500's 16.1% [9] Valuation - The industry is trading at a trailing 12-month EV/EBITDA ratio of 10.35X, compared to 18.77X for the S&P 500 and 15.27X for the sector [12] - Over the past five years, the industry's EV/EBITDA has ranged from a high of 12.41X to a low of 9.55X, with a median of 10.91X [12] Company Highlights - **Atmos Energy Corporation (ATO)**: Plans to invest $3.6 billion in fiscal 2025 and 2026 to enhance infrastructure and replace old pipelines, with a current dividend yield of 2.4% and long-term earnings growth projected at 7.98% [16][17] - **Brookfield Infrastructure Corporation (BIPC)**: Engaged in natural gas and electricity supply, with significant growth initiatives including a $5 billion deal with Bloom Energy and a $20 billion partnership with Qai, offering a dividend yield of 3.68% [21][22] - **Spire Inc. (SR)**: Focused on organic expansion through infrastructure investments, planning to spend $922 million in fiscal 2025 and $809 million in fiscal 2026, with a dividend yield of 3.82% and long-term earnings growth of 10.54% [25][26]

We came across a bullish thesis on Brookfield Infrastructure Corporation on Beat the TSX (BTSX-20)’s Substack by Beat the TSX-27 Strategy. In this article, we will summarize the bulls’ thesis on BIPC. Brookfield Infrastructure Corporation's share was trading at $44.93 as of December 1st. BIPC’s trailing P/E was 4.25 according to Yahoo Finance. Photo by Mohamed Hadji on Unsplash Brookfield Infrastructure Corporation (BIPC, BIP.UN) offers investors a rare combination of income stability, structural growth ...

Group 1 - Morgan Stanley raised the price target on Brookfield Infrastructure (BIPC) to $53 from $50 while maintaining an Equal Weight rating on the shares [1] - The firm is updating price targets for North American Midstream & Renewable Energy Infrastructure stocks under its coverage [1] - A framework agreement for a Canadian crude oil pipeline project and oil sands carbon capture has been reached, but several unknowns remain [1]

Core Viewpoint - Brookfield Infrastructure has underperformed compared to the S&P 500 over the past five years, despite strong financial results and a high-yielding dividend [1][2][5]. Performance Summary - Over the past five years, Brookfield Infrastructure's stock has returned -3.8%, while the S&P 500 has returned 88.9% [2]. - The one-year, three-year, and five-year performance of Brookfield Infrastructure compared to the S&P 500 shows significant underperformance in all periods [2][4]. Dividend Analysis - Brookfield Infrastructure offers a dividend yield of 3.8%, which is more than double that of the S&P 500 at 1.2% [3]. - The company has increased its dividend for 16 consecutive years, with a compound annual growth rate of 9% [3]. Financial Performance - In 2020, Brookfield generated $1.5 billion or $2.09 per share of funds from operations (FFO), and it expects to produce $2.6 billion or $3.32 per share of FFO this year, indicating compound annual growth rates of 13% and 10% respectively [5]. - The dividend payout ratio has decreased from 78% to 67% as earnings have grown faster than dividend payments [5]. Valuation Insights - Brookfield Infrastructure's valuation has become cheaper, currently trading at about 13.5 times its FFO, down from approximately 21.5 times five years ago [6]. - The company has faced headwinds such as a strong U.S. dollar and higher borrowing costs, which have impacted FFO growth [7]. Future Outlook - Positive trends are expected as the Federal Reserve cuts interest rates and the U.S. dollar may weaken, potentially leading to a reacceleration of FFO per share growth towards its long-term average of 14% annually [8]. - The organic project backlog has significantly increased from $2 billion in 2020 to $8 billion today, indicating growth potential [8]. Investment Considerations - Brookfield Infrastructure's stock has delivered underwhelming performance due to previous premium valuations and headwinds that slowed growth [9]. - With a much cheaper valuation and growth rate poised to reaccelerate, the company could deliver higher total returns for investors in the coming years [9].

Core Viewpoint - Brookfield Infrastructure Partners L.P. plans to redeem all outstanding Series 3 Preferred Units for cash on December 31, 2025, at a price of C$25.00 per unit, with a final quarterly distribution of C$0.34375 payable on the same date [1]. Group 1: Company Overview - Brookfield Infrastructure is a leading global infrastructure company that operates high-quality, long-life assets in utilities, transport, midstream, and data sectors across the Americas, Asia Pacific, and Europe [2]. - The company focuses on assets with contracted and regulated revenues that generate predictable and stable cash flows [2]. - Investors can access Brookfield Infrastructure's portfolio through Brookfield Infrastructure Partners L.P. or Brookfield Infrastructure Corporation [2]. Group 2: Parent Company Information - Brookfield Infrastructure is the flagship listed infrastructure company of Brookfield Asset Management, which manages over $1 trillion in assets [3].

Core Viewpoint - Brookfield Infrastructure Corporation has initiated an "at the market" equity issuance program allowing for the sale of up to $400 million of class A exchangeable subordinate voting shares to enhance financial flexibility and support corporate activities [1][2][4]. Group 1: ATM Program Details - The ATM Program allows Brookfield Infrastructure Corporation to sell shares directly from treasury at prevailing market prices through various exchanges [2][6]. - The program is designed to be non-dilutive, maintaining the overall number of LP Units and BIPC Shares outstanding [5]. - The net proceeds from the ATM Program will be used for repurchases of LP Units under the normal course issuer bid program and for general corporate purposes [4][5]. Group 2: Regulatory and Legal Framework - The ATM Program is supported by a Distribution Agreement with Canadian and U.S. agents, and it complies with applicable securities laws [6][7]. - The program will terminate upon the earlier of the sale of all BIPC Shares, termination of the Distribution Agreement, or on February 28, 2027 [6]. Group 3: Company Overview - Brookfield Infrastructure is a global infrastructure company focused on high-quality, long-life assets across various sectors, generating stable cash flows [11][12]. - The company is part of Brookfield Asset Management, which manages over $1 trillion in assets [12].