Market News AIOpen the app

Brookfield Infrastructure shared its Q3 results, showing $717 million in funds from operations and 10% growth for the third straight quarter.

ResultsRead the original at Benzinga
Good for BIP

BIP met its 10% per-unit growth goal for a third straight quarter, with growth across its businesses. Recent asset sales lowered some income, but BIP said new investments earn more than that lost income.

BIP · Brookfield Infrastructure Partners

AI read · Good for BIP

The AI's read

Growth came from higher prices tied to inflation, fuller use of assets, completed projects, and new investments. BIP said those investments earn more than the income lost from recent asset sales. The company has invested $1.8 billion in new projects so far this year and has $3.2 billion available for its plans. Recent asset sales also brought in cash for more investment.

Get alerts for BIP

Follow Brookfield Infrastructure Partners (BIP) free. When we publish a story about it, you get the plain-English explanation as an alert.

Get alerts for BIP
Free on the App Store and Google Play, or on the web.