Brookfield Infrastructure Partners L.P. (BIP)

NYSE: BIP · IEX Real-Time Price · USD
29.98
+0.35 (1.18%)
At close: Mar 27, 2024, 4:00 PM
29.08
-0.90 (-3.00%)
Pre-market: Mar 28, 2024, 5:15 AM EDT
1.18%
Market Cap 13.77B
Revenue (ttm) 17.93B
Net Income (ttm) 102.00M
Shares Out 462.13M
EPS (ttm) 0.14
PE Ratio 213.21
Forward PE 32.05
Dividend $1.62 (5.40%)
Ex-Dividend Date Feb 28, 2024
Volume 296,156
Open 29.67
Previous Close 29.63
Day's Range 29.40 - 30.16
52-Week Range 21.03 - 37.32
Beta 0.95
Analysts Buy
Price Target 40.43 (+34.86%)
Earnings Date May 1, 2024

About BIP

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 co... [Read more]

Sector Utilities
IPO Date Jan 22, 2008
Employees 241,400
Stock Exchange NYSE
Ticker Symbol BIP
Full Company Profile

Financial Performance

In 2023, BIP's revenue was $17.93 billion, an increase of 24.29% compared to the previous year's $14.43 billion. Earnings were $102.00 million, an increase of 0.99%.

Financial Statements

Analyst Forecast

According to 8 analysts, the average rating for BIP stock is "Buy." The 12-month stock price forecast is $40.43, which is an increase of 34.86% from the latest price.

Price Target
$40.43
(34.86% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Brookfield Infrastructure Announces Results of Conversion of Its Series 1 Senior Preferred Shares

BROOKFIELD, NEWS, March 19, 2024 (GLOBE NEWSWIRE) -- Brookfield Infrastructure (NYSE: BIP; TSX: BIP.UN) today announced that after having taken into account all conversion notices received by the Marc...

8 days ago - GlobeNewsWire

Brookfield Infrastructure Completes Annual Filings

BROOKFIELD, NEWS, March 18, 2024 (GLOBE NEWSWIRE) -- Brookfield Infrastructure (NYSE: BIP, BIPC; TSX: BIP.UN, BIPC) today announced that it has filed its 2023 annual reports on Forms 20-F, including i...

9 days ago - GlobeNewsWire

Brookfield Infrastructure Announces Reset Dividend Rate on Its Series 1 Senior Preferred Shares

All amounts in Canadian dollars unless otherwise stated BROOKFIELD, NEWS, March 04, 2024 (GLOBE NEWSWIRE) -- Brookfield Infrastructure Partners L.P. (“Brookfield Infrastructure”) (NYSE: BIP; TSX: BIP....

23 days ago - GlobeNewsWire

Brookfield Infrastructure Reports Strong 2023 Year-End Results & Announces 15th Consecutive Distribution Increase

BROOKFIELD, NEWS, Feb. 01, 2024 (GLOBE NEWSWIRE) -- Brookfield Infrastructure Partners L.P. (Brookfield Infrastructure, BIP, or the Partnership) (NYSE: BIP; TSX: BIP.UN) today announced its results fo...

7 weeks ago - GlobeNewsWire

Top Wall Street analysts are upbeat about these 3 dividend stocks

TipRanks' analyst ranking service pinpoints Wall Street's best-performing stocks, including KeyCorp and Brookfield Infrastructure Partners

Other symbols: KEYOMF
2 months ago - CNBC

Brookfield Infrastructure to Host Fourth Quarter 2023 Results Conference Call

BROOKFIELD, NEWS, Jan. 01, 2024 (GLOBE NEWSWIRE) -- Brookfield Infrastructure Partners will hold its fourth quarter 2023 conference call and webcast on Thursday, February 1, 2024 at 9:00 a.m. (ET).

3 months ago - GlobeNewsWire

How 15 of Our Stock Picks Fared in 2023

Taking stock of our winners, losers and also-rans, including Ferrari, Frontier Communications, and Walt Disney.

3 months ago - Barrons

Brookfield Infrastructure Announces Results of Reclassification of Its Series 11 Preferred Units

BROOKFIELD, News, Dec. 19, 2023 (GLOBE NEWSWIRE) -- Brookfield Infrastructure (NYSE: BIP; TSX: BIP.UN) today announced that after having taken into account all election notices received by the Decembe...

3 months ago - GlobeNewsWire

Brookfield Infrastructure Announces Reset Distribution Rate on Its Series 11 Preferred Units

All amounts in Canadian dollars unless otherwise stated BROOKFIELD, News, Dec. 04, 2023 (GLOBE NEWSWIRE) -- Brookfield Infrastructure Partners L.P. (“Brookfield Infrastructure”) (NYSE: BIP; TSX: BIP.U...

4 months ago - GlobeNewsWire

Brookfield Infrastructure Renews Its Normal Course Issuer Bids

BROOKFIELD, News, Nov. 28, 2023 (GLOBE NEWSWIRE) -- Brookfield Infrastructure Partners L.P. (“BIP”) (NYSE: BIP; TSX: BIP.UN) today announced that the Toronto Stock Exchange (the “TSX”) accepted a noti...

4 months ago - GlobeNewsWire

Cyxtera Receives Court Approval for Sale to Brookfield and Plan of Reorganization

MIAMI--(BUSINESS WIRE)---- $CYXT #colocation--Cyxtera (OTC: CYXTQ) (“the Company”), a global leader in data center colocation, interconnection services, and digital infrastructure, today announced tha...

4 months ago - Business Wire

Cyxtera Enters Asset Purchase Agreement with Brookfield

MIAMI--(BUSINESS WIRE)---- $CYXT #colocation--Cyxtera (OTC: CYXTQ) (“the Company”), a global leader in data center colocation, interconnection services, and digital infrastructure, today announced tha...

5 months ago - Business Wire

Brookfield Infrastructure Reports Third Quarter 2023 Results

BROOKFIELD, NEWS, Nov. 01, 2023 (GLOBE NEWSWIRE) -- Brookfield Infrastructure Partners L.P. (Brookfield Infrastructure, BIP, or the Partnership) (NYSE: BIP; TSX: BIP.UN) today announced its results fo...

5 months ago - GlobeNewsWire

Top Wall Street analysts expect these dividend stocks to boost portfolio returns

TipRanks' analyst ranking service pinpoints Wall Street's best-performing stocks, including Exxon and Darden.

Other symbols: AEPCTRADRIXOM
6 months ago - CNBC

Brookfield Infrastructure Announces Automatic Purchase Plans

BROOKFIELD, NEWS, Oct. 02, 2023 (GLOBE NEWSWIRE) -- Brookfield Infrastructure Partners L.P. (“BIP”) (NYSE: BIP; TSX: BIP.UN) today announced that, in connection with its previously announced normal co...

6 months ago - GlobeNewsWire

Brookfield Infrastructure to Host Third Quarter 2023 Results Conference Call

BROOKFIELD, NEWS, Oct. 02, 2023 (GLOBE NEWSWIRE) -- Brookfield Infrastructure Partners will hold its third quarter 2023 conference call and webcast on Wednesday, November 1, 2023 at 9:00 a.m. (ET).

6 months ago - GlobeNewsWire

Triton International Announces Completion of Acquisition By Brookfield Infrastructure

HAMILTON, Bermuda--(BUSINESS WIRE)--September 28, 2023—Triton International Limited (NYSE: TRTN) (“Triton” or the "Company") today announced the completion of its acquisition by Brookfield Infrastruct...

6 months ago - Business Wire

Triton International Announces Preliminary Election Results in Connection With Acquisition by Brookfield Infrastructure

HAMILTON, Bermuda--(BUSINESS WIRE)--September 27, 2023—Triton International Limited (NYSE: TRTN) (“Triton”) announced today the preliminary results of the elections made by holders of Triton common sh...

6 months ago - Business Wire

Triton International and Brookfield Infrastructure Announce Receipt of All Required Regulatory Approvals for Proposed Acquisition and Election Deadline

HAMILTON, Bermuda--(BUSINESS WIRE)--September 19, 2023 -- Brookfield Infrastructure Partners L.P. (“BIP”) (NYSE: BIP, TSX: BIP.UN), through its subsidiary Brookfield Infrastructure Corporation (“BIPC”...

6 months ago - Business Wire

Triton International Shareholders Approve Acquisition by Brookfield Infrastructure

HAMILTON, Bermuda--(BUSINESS WIRE)--August 24, 2023—Triton International Limited (NYSE: TRTN) (“Triton” or the "Company") announced that its shareholders have voted to approve the acquisition of the C...

7 months ago - Business Wire

Brookfield Infrastructure Partners LP: A High-Performing Stock with Strong Growth Prospects

Brookfield Infrastructure Partners LP ( BIP , Financial) is a leading global infrastructure company that owns and operates high-quality, long-life assets in the utilities, transport, energy, and data ...

8 months ago - GuruFocus

Brookfield Infrastructure Reports Second Quarter 2023 Results

BROOKFIELD, NEWS, Aug. 03, 2023 (GLOBE NEWSWIRE) -- Brookfield Infrastructure Partners L.P. (Brookfield Infrastructure, BIP, or the Partnership) (NYSE: BIP; TSX: BIP.UN) today announced its results fo...

8 months ago - GlobeNewsWire

Brookfield Infrastructure to Issue $700 Million of Medium-Term Notes

All amounts in Canadian dollars unless otherwise stated NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION TO THE UNITED STATES BROOKFIELD, NEWS, July 25, 2023 (GLOBE NEWSWIRE) -- Bro...

8 months ago - GlobeNewsWire

TRITON INTERNATIONAL INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Triton International Limited - TRTN

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Triton Internati...

8 months ago - Business Wire

Triton International Announces Date of Special Meeting to Approve Acquisition by Brookfield Infrastructure

HAMILTON, Bermuda--(BUSINESS WIRE)--July 7, 2023--Triton International Limited (NYSE: TRTN) (“Triton”) announced that it has set August 24, 2023 as the date for the special general meeting of sharehol...

9 months ago - Business Wire