Stock of the Day

April 9, 2020

Brookfield Infrastructure Partners (BIP)

$36.69
-$1.11 (-2.9%)
Market Cap: $16.91B

About Brookfield Infrastructure Partners

Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, midstream, and data businesses in North and South America, Europe, and the Asia Pacific. The company's Utilities segment operates approximately 2,900 km of electricity transmission lines; 4,200 km of natural gas pipelines; 8.1 million electricity and natural gas connections; and 0.6 million long-term contracted sub-metering services. This segment also offers heating, cooling, and energy solutions; gas distribution; water heaters; and heating, ventilation, and air conditioner rental, as well as other home services. Its Transport segment offers transportation, storage, and handling services for merchandise goods, commodities, and passengers through a network of approximately 22,000 km of track; 5,500 km of track network; 9,800 km of rail; and 3,300 km of motorways. The company's Midstream segment offers natural gas transmission, gathering and processing, and storage services through approximately 15,000 km of natural gas transmission pipelines; 570 billion cubic feet of natural gas storage; 17 natural gas processing plants; and 10,600 km of gas gathering pipelines, as well as 525,000 tonnes polypropylene production capacity. Its Data segment operates approximately 228,000 operational telecom towers; approximately 54,000 kilometers of fiber optic cables; approximately 1 million fiber-to-the-premise connections; two semiconductor manufacturing facilities; and 70 distributed antenna systems, as well as 135 data centers and 750 megawatts of critical load capacity and an additional approximate 670 megawatts of contracted capacity. The company was incorporated in 2007 and is based in Hamilton, Bermuda. Brookfield Infrastructure Partners L.P. operates as a subsidiary of Brookfield Corporation.

Today's Trend

Brookfield Infrastructure Partners LP (NYSE: BIP; TSE: BIP.UN) is receiving positive investor attention following strong second-quarter results, bullish analyst revisions, and a quarterly dividend announcement. These developments help explain the recent strength in the units, which remain near their 52-week high.

  • Strong earnings beat: Brookfield Infrastructure reported second-quarter EPS of $0.89, well above the $0.16 consensus estimate. Revenue rose 19.4% year over year to $6.48 billion, exceeding expectations of $2.23 billion. The results represent an improvement from $0.81 EPS in the year-ago quarter. Brookfield Infrastructure Partners earnings report
  • Analysts raised price targets: National Bank Financial increased its target from $43 to $44 and maintained an “outperform” rating. BMO Capital Markets raised its target from $44 to $47 and also rated the stock “outperform,” implying approximately 6% and 13% upside, respectively, based on the cited reference price. Analyst price target revisions
  • Dividend supports income appeal: The partnership declared a quarterly distribution of $0.455 per unit, payable September 29 to unitholders of record August 31. The distribution implies annualized payments of approximately $1.82 per unit and a cited yield of 4.3%. Brookfield Infrastructure second-quarter results release
  • Management’s second-quarter earnings call provided additional context on the results and outlook for Brookfield Infrastructure’s operations and capital allocation. Brookfield Infrastructure Partners Q2 2026 earnings call transcript
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