Welcome to our dedicated page for Brookfield Infrast Partners Lp news (Ticker: BIP), a resource for investors and traders seeking the latest updates and insights on Brookfield Infrast Partners Lp stock.
Brookfield Infrastructure Partners LP (BIP) provides essential updates on its global infrastructure operations through this dedicated news hub. Track press releases and announcements covering strategic acquisitions, quarterly earnings, and operational developments across utilities, transport, midstream, and data sectors.
This resource delivers timely insights into BIP's management of long-life assets critical to global economic systems. Investors will find updates on regulatory filings, partnership agreements, and capital allocation strategies that shape the company's position in 30+ countries.
Key content categories include dividend declarations, infrastructure project milestones, sustainability initiatives, and market expansion updates. All materials adhere to factual reporting standards required for informed investment analysis.
Bookmark this page for streamlined access to BIP's evolving role in essential infrastructure markets. Combine these updates with fundamental analysis tools available through Stock Titan for comprehensive portfolio decisions.
BIP Investment (BIPIC), a subsidiary of Brookfield Infrastructure Partners, announced the approval of a special resolution at a shareholders' meeting to allow the redemption of Series 1 Preferred Shares with a shortened notice period. The resolution passed with 80.30% votes in favor. Following this approval, BIPIC plans to redeem all outstanding Preferred Shares on December 5, 2024, at C$26.75 per share. Shareholders of record as of November 29, 2024, will also receive a final quarterly dividend of C$0.4671875 per share.
Brookfield Infrastructure announced the completion of a $300 million Fixed-to-Fixed Reset Rate Subordinated Notes offering, due March 15, 2055. The notes will initially bear a 6.750% annual interest rate until March 15, 2030, after which the rate will reset every five years based on the five-year U.S. treasury rate plus a 2.453% spread, with a minimum rate of 6.750%. The notes were issued by Brookfield Infrastructure Finance ULC and are guaranteed by Brookfield Infrastructure and certain subsidiaries. The proceeds will be used to refinance existing debt and for general corporate purposes.
Brookfield Infrastructure Partners (BIP) and Brookfield Infrastructure (BIPC) announced the renewal of their normal course issuer bids for their respective securities. BIP is authorized to repurchase up to 23,088,572 LP Units (5% of outstanding) and specified amounts of Preferred Units across four series. BIPC can repurchase up to 11,889,600 Exchangeable Shares. The repurchase programs will run from December 2, 2024, to December 1, 2025. Both companies plan to implement automatic share purchase plans around December 23, 2024. Neither BIP nor BIPC has repurchased any units under their current programs in the past twelve months.
BIP Investment (BIPIC) announced the adjournment of its special meeting for holders of senior preferred shares, series 1, from November 27 to December 2, 2024. The virtual meeting will consider a special resolution to amend preferred shares terms, allowing BIPIC to redeem them at $26.75 per share with three business days' notice. Shareholders can submit proxy votes until November 28, 2024, at 5:00 p.m. Eastern Time.
Brookfield Infrastructure reported Q3 2024 financial results with FFO of $599 million, up 7% year-over-year, and FFO per unit of $0.76, representing a 4% increase. The company posted a net loss of $52 million compared to net income of $104 million in the prior year, primarily due to mark-to-market losses on corporate hedging activities. The company achieved its $2 billion capital recycling target for the year, including the sale of Mexican natural gas transmission business and recapitalization of North American gas storage platform. Strong performance was driven by new investments, organic growth, and inflation indexation across segments.
BIP Investment (BIPIC) announced a special meeting of preferred shareholders on November 27, 2024, seeking approval for early redemption of senior preferred shares, series 1. If approved by a 66 2/3% vote, BIPIC will redeem shares at C$26.75 per share with just three business days' notice. Additionally, BIPIC plans to declare a Q4 2024 dividend of C$0.4671875 per share, payable to shareholders of record as of November 29, 2024. The meeting will be held virtually, and shareholders of record as of October 25, 2024, will be eligible to vote.
Brookfield Infrastructure Partners L.P. (BIP) and Brookfield Infrastructure (BIPC) have announced plans for a reorganization to address proposed amendments to the Income Tax Act (Canada). The Arrangement aims to maintain the benefits of Brookfield Infrastructure's business structure while avoiding additional costs to BIPC.
Key points:
- BIPC shareholders will own an economically equivalent security post-Arrangement
- The Arrangement is expected to be tax-deferred for most investors
- Shareholder approval is required, with a special meeting scheduled for December 3, 2024
- The reorganization is anticipated to complete in Q4 2024
- New class A exchangeable subordinate voting shares will be listed on TSX and NYSE under the 'BIPC' symbol
The Board has unanimously approved the Arrangement and recommends shareholders vote in favor.
Brookfield Infrastructure Partners has announced its upcoming third quarter 2024 conference call and webcast, scheduled for Wednesday, November 6, 2024, at 9:00 a.m. (ET). The company will release its financial results earlier that morning, before 7:00 a.m. (ET), which will be available on their website at https://bip.brookfield.com.
Participants have two options to join the event:
- Conference Call: Pre-registration is required through a provided link, after which participants will receive dial-in details and a unique PIN.
- Webcast: Interested parties can join and register through a separate link provided in the announcement.
This event will provide an opportunity for investors and analysts to gain insights into Brookfield Infrastructure's performance for the third quarter of 2024.
Brookfield Infrastructure Partners reported strong Q2 2024 results, with FFO of $608 million, a 10% increase year-over-year. The growth was driven by robust organic expansion and recent acquisitions, particularly in the global intermodal logistics operation. The company's transport segment saw a significant 60% increase in FFO to $319 million. Despite challenges in some segments, BIP's overall performance remained solid, with a 6% increase in quarterly distribution to $0.405 per unit.
The company highlighted opportunities in AI adoption, driving capital deployment across data, electric utility, and natural gas sectors. BIP secured or completed seven follow-on acquisitions worth nearly $4 billion in enterprise value in 2024. The organic growth project backlog increased by 15% to $7.7 billion. BIP expects an active M&A environment in the latter half of 2024, with ongoing capital recycling initiatives projected to generate $2.5 billion in proceeds.
Intrepid Fiber Networks has secured $290 million in debt financing to fund its nationwide wholesale open access fiber broadband service. The company, supported by Brookfield, will use the proceeds for inaugural deployments in Colorado and Minnesota, covering over 250,000 premises. Société Générale acted as the Structuring and Coordinating Advisor for the financing.
CEO Jack Waters emphasized that this funding accelerates their growth and build plan. Intrepid aims to deliver future-proof fiber networks with symmetrical gigabit speeds, providing end users with more options in choosing their preferred Internet Service Provider. The company is also evaluating new market deployments to expand its open access network across the nation.
