Brookfield Infrastructure Partners reports Q1 FFO 90c, consensus 89c

Reports Q1 net loss $61M vs. net income of $125M in the prior year. The company commented, “Strong growth within our operations was achieved but, on a one-time basis, was offset by unrealized hedge losses in our midstream segment, driven by elevated commodity prices.” “Brookfield Infrastructure delivered strong results in the Q1 while continuing to advance a number of strategic initiatives across the business,” said Sam Pollock, CEO of Brookfield Infrastructure. “Our strategic partnerships with high-quality counterparties are increasingly an important driver of growth, expanding our opportunity set and reinforcing our position as a partner of choice for large-scale infrastructure investment.”