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Brookfield Infrastructure Q3 FFO rises 10% on data growth

By Reuters News


Overview

  • Global infrastructure operator's Q3 FFO grew 10% yr/yr, led by strong data segment performance

  • Q3 net income declined yr/yr due to higher prior-year asset sale gains

  • Company deployed $1.7 bln in new investments and secured $1.5 bln from asset sales


Outlook

  • Brookfield Infrastructure expects to exceed $2 bln asset sales target for 2026

  • Company targets average annual AI infrastructure investment of $500 mln, net to BIP

  • Company expects over $1 bln incremental proceeds from asset sales before year end


Result Drivers

  • DATA SEGMENT GROWTH - Co said data segment FFO rose 25% yr/yr, driven by organic growth and new investments

  • SEGMENT CONTRIBUTIONS - Utilities, transport and midstream segments each delivered around 10% FFO growth, supported by inflation-linked pricing, higher volumes, and recent acquisitions

  • ORGANIC GROWTH AND PROJECT COMMISSIONING - Co attributed FFO growth to inflation-linked price increases, strong asset utilization, and commissioning of $1.4 bln in capital projects


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

$6.56 bln

Q3 Net Income

$69 mln

Q3 FFO

$717 mln

Q3 FFO Per Share

$0.91


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the consumer goods conglomerates peer group is "buy"

  • Wall Street's median 12-month price target for Brookfield Infrastructure Partners L.P. is $44.00, about 16.4% above its November 5 closing price of $37.81

  • The stock recently traded at 28 times the next 12-month earnings vs. a P/E of 36 three months ago


Reuters Recommended Reads

  • Nov 5 - Canada's TC Energy raises 2026 EBITDA outlook after strong Q3 earnings

  • Nov 4 - Kinetik Holdings Q3 revenue beats on record gas volumes

  • Nov 5 - Google plans $17 billion Wyoming data center amid rising threats of curbs


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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