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BIP

Brookfield Infrastructure Partners L.P.

BIP

Brookfield Infrastructure Partners L.P. • NYSE
$36.09 ▲ 1.21% (+0.43)
Market Cap $16.65 B
52w High $36.27
52w Low $25.72
Dividend Yield 1.72%
P/E 53.87
Volume 192.64K
Outstanding Shares 461.22M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $5.975B ▲ $107M ▼ $440M ▲ 7.364% ▲ $1.63 ▲ $3.101B ▲
Q2-2025 $5.429B ▲ $108M ▲ $74M ▼ 1.363% ▼ $-0.013 ▼ $2.259B ▼
Q1-2025 $5.392B ▼ $97M ▼ $106M ▼ 1.966% ▼ $0.23 ▼ $2.537B ▲
Q4-2024 $5.444B ▲ $103M ▼ $186M ▲ 3.417% ▲ $0.39 ▲ $2.067B ▲
Q3-2024 $5.27B $113M $0 0% $-0.18 $2.04B

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $2.613B ▲ $124.299B ▲ $89.831B ▲ $5.334B ▲
Q2-2025 $2.342B ▲ $108.691B ▲ $79.042B ▲ $5.267B ▼
Q1-2025 $1.764B ▼ $103.655B ▼ $73.88B ▼ $5.503B ▼
Q4-2024 $2.433B ▲ $104.59B ▼ $74.737B ▼ $5.622B ▲
Q3-2024 $2.163B $105.244B $75.737B $5.559B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $498M ▲ $1.87B ▲ $-6.119B ▼ $4.572B ▲ $271M ▼ $-42M ▼
Q2-2025 $-6M ▼ $1.189B ▲ $-856M ▼ $501M ▲ $879M ▲ $169M ▲
Q1-2025 $526M ▲ $868M ▼ $-104M ▲ $-1.402B ▼ $-608M ▼ $-2M ▼
Q4-2024 $451M ▲ $1.561B ▲ $-1.246B ▲ $261M ▼ $469M ▲ $306M ▲
Q3-2024 $234M $1.194B $-2.309B $1.37B $276M $36M

Five-Year Company Overview

Income Statement

Income Statement Brookfield Infrastructure Partners has grown its revenue and operating profits steadily over the past five years, showing that the core businesses are expanding and generally healthy. Profitability at the operating level looks solid, but bottom‑line net income is thin and quite volatile, especially compared with the size of the business. This gap suggests heavy non‑cash charges, financing costs, and one‑time items are absorbing a lot of the earnings power. In simple terms, the business seems to generate strong underlying performance, but the reported earnings available to unitholders move around and can look weaker than the operating reality.

Balance Sheet

Balance Sheet The balance sheet is built around very large, long‑lived infrastructure assets funded with a significant amount of debt and relatively modest equity. Assets have grown sharply, reflecting acquisitions and investment, but leverage has also climbed, which is typical for this sector yet still an important risk factor. Cash on hand is small compared with total obligations, so ongoing access to funding markets and disciplined refinancing are crucial. Overall, the company is playing a scale and leverage game: size and asset quality are strengths, but the capital structure requires constant careful management, especially in a higher‑rate environment.

Cash Flow

Cash Flow Cash generation from day‑to‑day operations has grown consistently and appears to comfortably cover interest costs and the base needs of the business. However, the partnership is spending heavily on new projects and acquisitions, especially in recent years, so cash going out for investment has risen faster than cash coming in. As a result, free cash flow has recently dipped into slightly negative territory, which means growth is being funded in part through external capital and asset sales. The story here is clear: strong and improving cash inflows, but an aggressive reinvestment pace that reduces near‑term cash surplus in favor of long‑term expansion.

Competitive Edge

Competitive Edge Brookfield Infrastructure Partners benefits from a wide moat built on diversification, scale, and the essential nature of its assets. It is spread across utilities, transport, midstream energy, and data infrastructure in many countries, which helps smooth out downturns in any single area. Many of its contracts are long term and often linked to inflation, supporting predictable cash flows. Its size and operational expertise give it an edge in executing complex deals, and its capital recycling model helps it move money from mature assets into higher‑return opportunities. Key risks to this position include regulatory changes, geopolitical shifts, and the challenge of integrating large acquisitions while maintaining discipline.

Innovation and R&D

Innovation and R&D While it does not do traditional lab‑style R&D, Brookfield Infrastructure is highly active in strategic innovation, especially around digital infrastructure and clean energy. The large AI infrastructure program, partnerships with NVIDIA and sovereign investors, and the Radiant AI cloud platform show an effort to move up the value chain from simple data centers to full AI ecosystems. Agreements focused on reliable, cleaner power for data centers support both the AI and energy transition themes. These initiatives could open new, high‑growth revenue streams but also carry execution risk, long lead times, and dependence on sustained demand for AI and decarbonization projects.

Summary

Brookfield Infrastructure Partners combines a growing, diversified base of essential infrastructure assets with ambitious expansion into AI and energy transition themes. The core operations appear robust, with rising revenues and operating profits and steadily improving operating cash flow. At the same time, reported net income is modest and choppy, the balance sheet is highly leveraged, and heavy investment spending limits near‑term free cash. Its competitive strengths lie in scale, global reach, long‑term contracted assets, and a disciplined approach to buying and selling businesses. The newer push into AI infrastructure and cleaner energy could meaningfully reshape its profile over time, offering sizeable opportunities but also adding complexity and execution risk to an already capital‑intensive model.

NEWS

November 28, 2025 · 7:00 AM UTC

Brookfield Infrastructure Renews Its Normal Course Issuer Bids

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November 26, 2025 · 4:14 PM UTC

Brookfield Infrastructure Announces Intention to Redeem its Series 3 Preferred Units

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November 19, 2025 · 7:40 PM UTC

Brookfield Infrastructure Corporation Announces At-the-Money Equity Issuance Program

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November 7, 2025 · 7:00 AM UTC

Brookfield Infrastructure Reports Strong Third Quarter 2025 Results

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October 3, 2025 · 6:55 AM UTC

Brookfield Infrastructure to Host Third Quarter 2025 Results Conference Call

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