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Brookfield Infrastructure (BIP)
NYSE:BIP
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Earnings Data
Report Date
Jan 29, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.19Last Year’s EPS
-$0.2Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: -6.97%
|Next Earnings Date:Jan 29, 2025
Earnings Call Sentiment|Positive
The earnings call presented a generally positive outlook with strong financial performance and strategic achievements, particularly in the Transport and Data segments. However, challenges in the Midstream segment and foreign exchange impacts were noted as areas of concern.Company Guidance
In the third quarter of 2024, Brookfield Infrastructure Partners reported funds from operations (FFO) of $599 million, marking a 7% increase from the previous year, bolstered by new investments and organic growth. The Utilities segment achieved an FFO of $188 million, driven by inflation indexation and a $450 million capital commissioning. The Transport segment saw a significant 50% FFO increase to $308 million, owing to strategic acquisitions and strong volume growth. Meanwhile, the Midstream segment's FFO decreased to $147 million due to past capital recycling and higher interest costs, yet the underlying business remained robust. The Data segment excelled with a 29% FFO increase, reaching $85 million, supported by new investments like the acquisition of retail colocation data centers. The company also reinforced its capital strategy by completing $3 billion in nonrecourse financings, enhancing liquidity to $4.6 billion, and maintaining a strong balance sheet with no corporate debt maturities until 2027.Strong Financial Performance
Brookfield Infrastructure reported a 7% increase in funds from operations (FFO) to $599 million for Q3 2024, driven by new investments and organic growth.
Transport Segment Growth
The Transport segment achieved a notable 50% increase in FFO, attributed to acquisitions and strong volume growth across networks.
Data Segment Expansion
Data segment FFO increased by 29% over the previous year, supported by new investments and the commissioning of additional capacity in the U.S. and Europe.
Capital Markets Success
Completed $3 billion in non-recourse financings, extending maturities and reducing costs, including a significant reduction in interest expenses through refinancing efforts.
Acquisition in India
Closed the acquisition of 76,000 Indian telecom tower sites, making Brookfield the largest telecom tower operator in India and second largest globally.
Capital Recycling Achievements
Secured $600 million in capital recycling proceeds in the quarter, achieving a total of $2 billion for the year.
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BIP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BIP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $34.08 | $34.27 | +0.56% |
| Aug 01, 2024 | $30.83 | $30.30 | -1.72% |
| May 01, 2024 | $25.86 | $26.50 | +2.47% |
| Feb 01, 2024 | $29.78 | $30.21 | +1.44% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Brookfield Infrastructure (BIP) report earnings?
Brookfield Infrastructure (BIP) is schdueled to report earning on Jan 29, 2025, TBA Not Confirmed.
What is Brookfield Infrastructure (BIP) earnings time?
Brookfield Infrastructure (BIP) earnings time is at Jan 29, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BIP EPS forecast?
BIP EPS forecast for the fiscal quarter 2024 (Q4) is $0.19.
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