Brookfield Infrastructure Corporation (TSE:BIPC) has released an update.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Brookfield Infrastructure Partners L.P. reported a substantial increase in its first-quarter 2024 financial results with net income soaring to $170 million compared to $23 million the previous year, and a strong 11% increase in funds from operations to $615 million. This growth is attributed to inflation adjustments, higher transportation volumes, and successful new investments totaling over $2 billion. Despite asset sales and higher interest expenses, the company has experienced organic growth across its utilities and transport segments, benefiting from inflation indexation and robust customer demand in midstream assets.
For further insights into TSE:BIPC stock, check out TipRanks’ Stock Analysis page.
