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BIPC

Brookfield Infrastructure Corporation

BIPC

Brookfield Infrastructure Corporation • NYSE
$45.65 ▲ 0.95% (+0.43)
Market Cap $5.43 B
52w High $47.71
52w Low $32.08
Dividend Yield 1.72%
P/E -27.01
Volume 236.41K
Outstanding Shares 119.05M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2025 $866M ▼ $20M ▲ $-477M ▼ -55.081% ▼ $-4.01 ▼ $213M ▼
Q1-2025 $929M ▼ $19M $389M ▲ 41.873% ▲ $3.27 ▲ $2.09B ▲
Q4-2024 $944M ▲ $19M ▼ $-150M ▲ -15.89% ▲ $-1.26 ▲ $749M ▲
Q3-2024 $912M ▲ $21M ▲ $-977M ▼ -107.127% ▼ $-7.4 ▼ $746M ▼
Q2-2024 $907.813M $16.996M $491M 54.086% $3.43 $1.192B

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2025 $1.277B ▲ $23.91B ▲ $21.699B ▲ $-1.238B ▼
Q1-2025 $274M ▼ $22.57B ▼ $19.748B ▼ $-840M ▲
Q4-2024 $742M ▲ $23.587B ▼ $21.365B ▼ $-1.253B ▼
Q3-2024 $278M ▼ $24.131B ▲ $21.654B ▲ $-764M ▼
Q2-2024 $508.925M $23.654B $20.124B $148.978M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $-309M ▼ $478M ▲ $195M ▲ $257M ▲ $943M ▲ $269M ▼
Q1-2025 $526M ▲ $243M ▼ $-32M ▲ $-657M ▼ $-400M ▼ $868M ▲
Q4-2024 $-150M ▲ $490M ▲ $-461M ▼ $429M ▲ $429M ▲ $403M ▲
Q3-2024 $-808M ▼ $464M ▼ $-335M ▼ $-351M ▼ $-221.319M ▼ $39M ▼
Q2-2024 $490.899M $509.309M $-255.48M $-111.169M $111.298M $107.98M

Revenue by Products

Product Q2-2022Q4-2022Q2-2023Q4-2023
Connections
Connections
 $40.00M ▲$130.00M ▲$50.00M ▼$150.00M ▲
Distribution
Distribution
 $90.00M ▲$290.00M ▲$100.00M ▼$300.00M ▲
Gas Transmission
Gas Transmission
 $340.00M ▲$970.00M ▲$380.00M ▼$1.10Bn ▲
Service Line Other
Service Line Other
 $10.00M ▲$20.00M ▲$10.00M ▼$30.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has climbed steadily over the past several years, showing that the business is growing its footprint across infrastructure assets. Core profitability at the operating level looks solid and has generally improved as the company scaled, indicating that its assets are earning attractive returns. However, bottom‑line net income has been volatile, swinging between profits and losses, with the most recent year showing a loss despite strong operating performance. That pattern suggests that non‑operating items such as interest costs, fair‑value adjustments, or one‑time charges play a large role in reported earnings, so the accounting profit figure alone can be misleading when judging the health of the business.

Balance Sheet

Balance Sheet The balance sheet reflects a capital‑intensive, highly levered infrastructure model. Total assets have expanded meaningfully as the company has acquired and developed new projects, but this has been funded largely with debt, and reported equity is negative. In this type of structure, negative equity is more an outcome of accounting and capital allocation choices than an automatic sign of distress, yet it does underline that the business relies heavily on access to debt and equity markets. Cash holdings are modest relative to the asset base, so continued access to financing and stable cash generation from operations remain key watchpoints.

Cash Flow

Cash Flow Cash generation from the underlying assets has been steadily improving, with operating cash flow rising over time. After funding ongoing capital expenditures, the company has consistently produced positive free cash flow, which is an encouraging sign for an infrastructure operator that continues to invest in growth. The pattern suggests that, even when reported earnings are uneven, the assets themselves are throwing off reliable cash, helping support both reinvestment and distributions. The main risk is that large future growth projects could require step‑ups in spending, which would temporarily weigh on free cash flow.

Competitive Edge

Competitive Edge Brookfield Infrastructure Corporation benefits from a wide competitive moat built on essential assets, long‑term contracts, and the backing of Brookfield Asset Management. Its focus on regulated utilities, transport networks, midstream energy, and data infrastructure creates high barriers to entry, as these projects require large amounts of capital, technical expertise, and regulatory approval. Many of its assets enjoy inflation‑linked or regulated revenue frameworks, which can provide resilience through economic cycles. The ability to recycle capital—selling mature assets to fund new, higher‑growth opportunities—along with a globally diversified portfolio, further strengthens its position relative to smaller, regional infrastructure players.

Innovation and R&D

Innovation and R&D Although it is not a traditional research‑heavy technology company, BIPC is steadily embedding innovation into its asset base. It is modernizing grids with smarter networks, using data and automation to improve logistics in transport, and deploying advanced monitoring in energy infrastructure to enhance safety and efficiency. The most forward‑looking push is in digital and AI‑related infrastructure, including AI‑ready data centers, power solutions tailored to energy‑hungry computing, and partnerships in areas like semiconductors. This approach is more about applying technology and financial structuring skill to real‑world assets than inventing new products, but it positions the company to tap into long‑term trends in digitalization, decarbonization, and supply‑chain reshoring.

Summary

Overall, Brookfield Infrastructure Corporation shows a pattern of growing revenues and solid operating profitability, paired with choppy reported earnings driven by non‑operating factors. The balance sheet is intentionally leveraged, reflecting the typical infrastructure model, but negative equity and reliance on debt make funding conditions and interest costs important factors to monitor. Cash flows from operations and free cash flow are a relative bright spot, pointing to the strength of the underlying assets. Strategically, the company appears well‑placed, with a strong sponsor, diversified essential assets, and a clear push into data and AI infrastructure. The main trade‑offs are between growth ambitions, balance‑sheet leverage, and the need to keep cash generation robust enough to support both expansion and investor returns.

NEWS

November 19, 2025 · 7:40 PM UTC

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

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