Workflow
BIPC(BIPC)
icon
Search documents
3 Dividend Stocks That Dividend Lovers Will Love
The Motley Fool· 2024-02-14 11:14
I love investing in dividend-paying stocks. I really like seeing the passive income from those payments flow into my portfolio, giving me more cash to buy shares of companies that pay dividends. I believe my love of dividends will pay off by eventually supplying enough passive income so I can comfortably retire.While I own lots of dividend stocks, Realty Income (O -2.18%), Brookfield Infrastructure (BIPC -6.07%) (BIP -6.01%), and Clearway Energy (CWEN -3.05%) (CWEN.A -3.09%) are three of my favorites. Here' ...
2 Dividend Stocks to Double Up On Right Now
The Motley Fool· 2024-02-10 12:38
Higher interest rates have been a double whammy on dividend stocks over the past several quarters. They increase companies' borrowing costs. On top of that, these higher rates weighed on the valuations of companies that pay higher-yielding dividends. Higher rates make lower-risk income investments (think bonds and bank CDs) more attractive. As a result, dividend stock prices need to fall, pushing their yields higher. That higher yield compensates investors for their higher risk profiles. The sell-off in div ...
BIPC(BIPC) - 2024 Q1 - Quarterly Report
2024-01-31 16:00
EXHIBIT 99.1 "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 start on our capital recycling and deployment initiatives." Funds from operations (FFO) for 2023 was $2.3 billion, an increase of 10% compared to 2022. Organic growth for the year was 8%, reflecting strong levels of infl ...
BIPC(BIPC) - 2023 Q4 - Annual Report
2023-10-31 16:00
EXHIBIT 99.1 BROOKFIELD, NEWS, Nov. 01, 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 third quarter ended September 30, 2023. | --- | --- | --- | --- | --- | --- | --- | --- | --- | |------------------------------------------------------------------|-------|--------------------------------------------------------|-------|--------------|-------|--------------------------------- ...
BIPC(BIPC) - 2023 Q3 - Quarterly Report
2023-08-03 11:23
Financial Performance - Brookfield Infrastructure reported a net income of $378 million for Q2 2023, up from $176 million in Q2 2022, driven by acquisitions and organic growth [14]. - Funds from Operations (FFO) for Q2 2023 reached $552 million, compared to $513 million in Q2 2022, reflecting a 7.6% increase [15]. - Brookfield Infrastructure reported revenues of $4,256 million for the second quarter of 2023, a 15.6% increase from $3,681 million in the same period of 2022 [30]. - The net income attributable to the partnership for Q2 2023 was $378 million, up 114.8% from $176 million in Q2 2022 [30]. - The company achieved cash from operating activities of $970 million in Q2 2023, compared to $734 million in Q2 2022, reflecting a 32.1% increase [31]. - The company reported a basic and diluted loss per unit attributable to limited partners of $0.38 for Q2 2023, compared to $0.13 in Q2 2022 [33]. - BIPC reported a net loss of $154 million for the three months ended June 30, 2023, compared to a net income of $842 million in the prior year [70]. - Revenues for the three months ended June 30, 2023, were $538 million, an increase from $479 million in the same period of 2022 [74]. Segment Performance - The Utilities segment generated $224 million in FFO for Q2 2023, an increase from $188 million in Q2 2022, while the Data segment also saw growth from $60 million to $72 million [15]. - The midstream segment's FFO decreased slightly to $161 million from $170 million year-over-year, impacted by market-sensitive revenue normalization [17]. - FFO for the transport segment was $199 million, a 5% increase from the prior year, benefiting from a 10% increase in toll rates and an 8% increase in rail network rates [40]. - The data segment reported FFO of $72 million, a 20% increase year-over-year, aided by acquisitions in Europe and Australia [41]. - FFO for the U.K. regulated distribution business increased to $124 million, a 7% increase year-over-year, driven by inflation indexation and higher connection activity [59]. Acquisitions and Investments - Brookfield Infrastructure announced an agreement to acquire a co-controlling stake in Compass Datacenters for $1.35 billion, with an equity contribution of approximately $375 million [18]. - The acquisition of Data4, a European hyperscale data center platform, closed on August 1, 2023, converting a 130 megawatt memorandum into firm contracted capacity [43]. - Brookfield Infrastructure's equity share of deployment across three transactions is expected to be nearly $2 billion [19]. - Brookfield Infrastructure continues to identify investment opportunities above its targeted return threshold, enhancing its global data center growth strategy [42]. Cash Flow and Assets - Cash from operating activities for Q2 2023 was $265 million, compared to $232 million in Q2 2022, indicating improved operational efficiency [9]. - Brookfield Infrastructure's total assets increased to $81,671 million as of June 30, 2023, up from $72,969 million at the end of 2022, marking an increase of 11.7% [29]. - The company completed $1.9 billion in asset sales as part of its capital recycling program in 2023 [37]. - Brookfield Infrastructure's cash and cash equivalents increased to $1,380 million as of June 30, 2023, from $1,279 million at the end of 2022, a growth of 7.9% [29]. - The balance of cash and cash equivalents at the end of the period was $356 million, reflecting a change of $30 million during the period [75]. Liabilities and Equity - Total liabilities and equity as of June 30, 2023, stood at $10.973 billion, up from $10.178 billion in the previous year [8]. - Brookfield Infrastructure's total liabilities and partnership capital reached $81,671 million as of June 30, 2023, consistent with total assets, indicating a balanced financial position [29]. Other Financial Metrics - The average number of limited partnership units outstanding was 458.7 million for the three-month period ended June 30, 2023, compared to 458.0 million in the same period of 2022 [3]. - Average number of partnership units outstanding for Q2 2023 was 771.6 million, compared to 771.1 million in the same period of 2022 [52]. - Direct operating costs rose to $149 million for the three months ended June 30, 2023, compared to $131 million in the prior year [74]. - Interest expense increased to $161 million for the three months ended June 30, 2023, from $143 million in the same period of 2022 [74]. - FFO (Funds From Operations) is defined as net income excluding certain non-recurring expenses, providing a clearer view of operating performance [72]. Corporate Governance - The Board of Directors declared a quarterly distribution of $0.3825 per unit, a 6% increase compared to the prior year, payable on September 29, 2023 [45]. - The company does not undertake any obligation to publicly update or revise forward-looking statements except as required by law [71].
BIPC(BIPC) - 2023 Q2 - Quarterly Report
2023-05-02 16:00
EXHIBIT 99.1 BROOKFIELD, NEWS, May 03, 2023 (GLOBE NEWSWIRE) -- Brookfield Infrastructure Partners L.P. (Brookfield Infrastructure, BIP, or the Partnership) (NYSE: BIP; TSX: BIP.UN) today announced its results for the first quarter ended March 31, 2023. | --- | --- | --- | --- | --- | |------------------------------------------------------------------|-------|----------------------------------|--------------------------|-----------| | US$ millions (except per unit amounts), unaudited \nNet income | $ | For ...
BIPC(BIPC) - 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 SECURITIES ☐ EXCHANGE ACT OF 1934 Commiss ...
BIPC(BIPC) - 2023 Q1 - Quarterly Report
2023-02-01 16:00
Financial Performance - The company reported a net income of $295 million for Q4 2022, down from $464 million in Q4 2021, representing a decrease of approximately 36.4%[6] - Brookfield Infrastructure reported net income of $1.6 billion for the year, a significant increase from $27 million in the prior year, driven by organic growth and a $1.1 billion revaluation gain on shares[40] - Brookfield Infrastructure's net income for the twelve months ended December 31, 2022, was $1,375 million, down from $2,719 million in 2021, reflecting a decrease of 49%[31] - Net income attributable to the partnership for the year ended December 31, 2022, was $0.4 billion, a decrease of 63% compared to $1.1 billion in 2021[64] Funds from Operations (FFO) - Funds from Operations (FFO) for the year reached $456 million, reflecting a 5% increase compared to the previous year, driven by inflation-indexation and higher activity in regulated businesses[10] - The company achieved a Funds from Operations (FFO) of $556 million for the three months ended December 31, 2022, representing a 14% increase from $486 million in the same period of 2021[31] - Funds from Operations (FFO) for the twelve months ended December 31, 2022, were $456 million, compared to $436 million in the previous year, reflecting a year-over-year increase of approximately 4.6%[46] - Funds From Operations (FFO) for the year was $2.1 billion, reflecting a 20% increase compared to 2021, driven by 10% organic growth and $1 billion in new capital projects[54] Revenue and Assets - Brookfield Infrastructure reported revenues of $3,708 million for the three months ended December 31, 2022, an increase of 14% compared to $3,252 million in the same period of 2021[24] - Total assets decreased to $72,969 million as of December 31, 2022, from $73,961 million in 2021, indicating a decline of about 1.3%[3] - The company’s total assets as of December 31, 2022, amounted to $10.178 billion, slightly up from $10.086 billion in 2021[42] Cash Flow and Operating Activities - Cash from operating activities for the year was $3,131 million, compared to $2,772 million in the previous year, showing an increase of about 13%[6] - Cash from operating activities for the year was $893 million, compared to $839 million in 2021, indicating a growth of about 6.4%[45] - The balance of cash and cash equivalents at the end of the period was $1,279 million, down from $1,406 million at the end of the previous year, a decrease of about 9%[7] - Brookfield Infrastructure's cash and cash equivalents decreased to $445 million from $469 million in the prior year[42] Debt and Liabilities - Corporate borrowings increased to $3,666 million in 2022, up from $2,719 million in 2021, marking an increase of approximately 35%[3] - The company’s total liabilities and partnership capital remained stable at $72,969 million as of December 31, 2022, compared to $73,961 million in 2021[3] - Interest expense for the twelve months ended December 31, 2022, was $3,484 million, up from $2,884 million in 2021, indicating a 21% increase[24] Operational Challenges and Future Plans - The company highlighted the impact of increased financing costs and management fees as challenges to future performance[10] - The company plans to continue focusing on market expansion and acquisitions to drive future growth, particularly in regulated utility sectors[10] - The company plans to pursue expansion opportunities and has a capital backlog that it aims to commission in the near future[51] - The company anticipates generating over $2 billion of net proceeds from asset sales in 2023, including the sale of its Indian toll road portfolio[59] Segment Performance - The utilities segment generated FFO of $739 million, an increase of 5% from $705 million in the prior year, benefiting from an 8% average inflation indexation[55] - FFO for the transport segment was $794 million, a 13% increase from $701 million in the prior year, supported by inflationary tariff increases and $400 million in capital expansion projects[56] - The midstream segment's FFO totaled $743 million, up from $492 million in the previous year, due to the acquisition of a diversified Canadian midstream operation[67] - The data segment generated FFO of $239 million, consistent with the prior year, driven by increased customer utilization and network densification[57] Dividends and Distributions - The company declared a quarterly dividend of $0.3825 per class A exchangeable subordinate voting share, a 6% increase compared to the prior year[36] - A quarterly distribution of $0.3825 per unit was declared, representing a 6% increase compared to the prior year[60] Investments and Capital Deployment - The company deployed over $5 billion into new assets over the past two years, including $2.9 billion in 2022 across five transactions[58] - The company has replenished its investment pipeline and is evaluating several public-to-private opportunities[69]
BIPC(BIPC) - 2022 Q3 - Quarterly Report
2022-11-01 16:00
EXHIBIT 99.1 Brookfield Infrastructure Reports Strong Third Quarter Results as FFO Increases 24% BROOKFIELD, NEWS, Nov. 02, 2022 (GLOBE NEWSWIRE) -- Brookfield Infrastructure Partners L.P. (Brookfield Infrastructure, BIP, or the Partnership) (NYSE: BIP; TSX: BIP.UN) today announced its results for the third quarter ended September 30, 2022. "Brookfield Infrastructure had record quarterly results as a function of our high quality asset base, proven risk management approach and execution of our asset rotation ...
BIPC(BIPC) - 2022 Q2 - Quarterly Report
2022-08-02 16:00
EXHIBIT 99.1 Brookfield Infrastructure Reports Strong Second Quarter Results as FFO Increases 30% BROOKFIELD, News, Aug. 03, 2022 (GLOBE NEWSWIRE) -- Brookfield Infrastructure Partners L.P. (Brookfield Infrastructure, BIP, or the Partnership) (NYSE: BIP; TSX: BIP.UN) today announced its results for the second quarter ended June 30, 2022. "We generated record financial results during the second quarter, with strong cash flows from our base business given the essential nature of our investments and the highly ...