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Brookfield Infrastructure
(NYSE:BIP)
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Rating:55Neutral
Price Target:
$37.00
▲(1.20% Upside)
Action:Reiterated
Date:05/01/26
The score is held back primarily by balance-sheet risk (very high leverage), thin net profitability, and negative TTM free cash flow. Offsetting these, the earnings call was constructive with reiterated 10%+ FFO/unit guidance, strong Data segment growth, and solid liquidity/capital recycling, while technicals remain mildly bearish and valuation is mixed (high P/E but supportive dividend yield).
Positive Factors
Diversified, contracted portfolio
Brookfield Infrastructure’s ownership of long-life, essential assets across regulated utilities, transport, midstream and data creates durable, contracted or tariffed cash flows with inflation linkage. This diversification reduces single-market cyclicality and supports predictable FFO and distribution capacity over multiple years.
Negative Factors
Very high leverage
Balance-sheet gearing at ~12x debt-to-equity materially limits financial flexibility and heightens refinancing and interest-rate sensitivity. Even with positive ROE, the dependence on leverage increases downside risk if cash flows underperform, raising the cost of funding for new investments or capital recycling.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified, contracted portfolio
Brookfield Infrastructure’s ownership of long-life, essential assets across regulated utilities, transport, midstream and data creates durable, contracted or tariffed cash flows with inflation linkage. This diversification reduces single-market cyclicality and supports predictable FFO and distribution capacity over multiple years.
Read all positive factors
Brookfield Infrastructure Key Performance Indicators (KPIs)
Any
Adjusted EBITDA by Segment
Measures earnings before interest, taxes, depreciation, and amortization for each business segment, highlighting profitability and operational efficiency across different parts of the company.
Measures earnings before interest, taxes, depreciation, and amortization for each business segment, highlighting profitability and operational efficiency across different parts of the company.
Data provided by:
The Fly
The FlyBrookfield Infrastructure (BIP) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$17.36B
Dividend Yield4.92%
Average Volume (3M)704.12K
Price to Earnings (P/E)41.4
Beta (1Y)0.72
Revenue Growth13.02%
EPS GrowthN/A
CountryUS
Employees52,000
SectorUtilities
Sector Strength65
IndustryDiversified Utilities
Share Statistics
EPS (TTM)0.76
Shares Outstanding462,022,430
10 Day Avg. Volume680,881
30 Day Avg. Volume704,120
Financial Highlights & Ratios
PEG Ratio0.05
Price to Book (P/B)2.85
Price to Sales (P/S)0.69
P/FCF Ratio59.64
Enterprise Value/Market Cap4.83
Enterprise Value/Revenue3.49
Enterprise Value/Gross Profit12.90
Enterprise Value/Ebitda7.72
Forecast
1Y Price Target
$46.17Price Target Upside26.28% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
EPS Forecast (FY)1.15
Revenue Forecast (FY)$9.03B
Brookfield Infrastructure Business Overview & Revenue Model
Company Description
Brookfield Infrastructure Partners L.P. (BIP) possesses and operates a varied portfolio of essential infrastructure assets. These investments span utilities, transportation networks, midstream energy infrastructure, and digital data platforms acro...
How the Company Makes Money
BIP makes money primarily by owning and operating infrastructure assets that generate recurring cash flows from providing essential services. Key revenue streams typically include: (1) Regulated or rate-based revenues in its utilities businesses, ...
Brookfield Infrastructure Earnings Call Summary
Earnings Call Date:Apr 29, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 30, 2026
Earnings Call Sentiment Positive
The call conveyed a predominantly positive tone driven by solid first-quarter financial performance (10% FFO growth), strong segment results (notably data +46% and midstream +12%), robust liquidity ($2.5B) and meaningful progress on capital recycling (~$1B) and strategic partnerships (equipment leasing, behind-the-meter power). Key near-term risks are timing of earnings ramp from the Intel JV (full run-rate in 2027), transport segment softness from recent asset sales, and the uncertainty inherent in an early-stage corporate structure review. Management remains constructive on 2026, targeting 10%+ per unit FFO growth supported by organic projects and AI-driven demand.Positive Updates
Record Quarterly FFO and Per-Unit Growth
Generated funds from operations (FFO) of $709 million, or $0.90 per unit, representing a 10% year-over-year increase versus prior year.
Negative Updates
Transport Segment Impacted by Asset Sales
Transport FFO was slightly below the prior year, primarily due to lost contributions from several asset sales (Australian export and container terminals, partial sale of a U.K. port operation and majority interest sale in a contracted container portfolio), partially offset by acquisitions and higher volumes/tariffs.
Read all updates
Q1-2026 Updates
Positive
Negative
Record Quarterly FFO and Per-Unit Growth
Generated funds from operations (FFO) of $709 million, or $0.90 per unit, representing a 10% year-over-year increase versus prior year.
Read all positive updates
Company Guidance
Management reiterated 2026 guidance of 10%+ per‑unit FFO growth, supported by a strong Q1 start (FFO $709M; $0.90/unit; +10% YoY) and robust segment performance (Utilities FFO $201M, +5%; Transport FFO $283M; Midstream FFO $190M, +12%; Data FFO $149M, +46% and >200 MW of data centers commissioned into earnings over the past year). They said the business can self‑fund growth via capital recycling (proceeds secured $1.0B to date) and a strong liquidity and balance‑sheet position (corporate liquidity $2.5B; ~ $1.5B of non‑recourse debt refinanced in Q1 with no incremental borrowing cost). Near‑term deployment plans highlighted an equipment‑leasing platform (gross equity target $1–2B over ~24 months with BIP ~25%—implying BIP equity ~$250–500M; management also noted BIP’s share “upwards of $375M”), a $5B behind‑the‑meter partnership (up to 1 GW) with ~$1.6B capital committed and BIP equity to date ~$60M (additional $430M CapEx added this quarter), an expected Q2 close of Clarus for ~ $70M of equity, and Intel JV payments/earnings beginning to ramp (first wafer payments in Q1; capital contributions over the next ~6 months; earnings from Q3 with full run‑rate in 2027).Brookfield Infrastructure Financial Statement Overview
Summary
Income Statement
70
Positive
Balance Sheet
38
Negative
Cash Flow
52
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 24.01B | 23.10B | 21.04B | 17.93B | 14.43B | 11.54B |
| Gross Profit | 6.49B | 6.22B | 5.36B | 4.46B | 3.92B | 3.29B |
| EBITDA | 10.85B | 11.01B | 8.64B | 7.02B | 5.69B | 6.61B |
| Net Income | 417.00M | 449.00M | 351.00M | 367.00M | 341.00M | 766.00M |
Balance Sheet | ||||||
| Total Assets | 124.51B | 128.15B | 104.59B | 100.78B | 72.97B | 73.96B |
| Cash, Cash Equivalents and Short-Term Investments | 2.46B | 3.59B | 2.43B | 2.44B | 2.27B | 1.81B |
| Total Debt | 68.96B | 69.10B | 56.35B | 49.57B | 33.83B | 33.12B |
| Total Liabilities | 90.28B | 92.61B | 74.74B | 66.77B | 47.41B | 47.57B |
| Stockholders Equity | 5.34B | 5.62B | 5.62B | 6.24B | 6.29B | 6.84B |
Cash Flow | ||||||
| Free Cash Flow | -676.00M | 268.00M | -322.00M | 1.59B | 356.00M | 705.00M |
| Operating Cash Flow | 6.00B | 5.97B | 4.65B | 4.08B | 3.13B | 2.77B |
| Investing Cash Flow | -18.93B | -12.66B | -6.90B | -12.99B | -3.37B | -1.17B |
| Financing Cash Flow | 13.96B | 7.82B | 2.61B | 9.42B | 56.00M | -995.00M |
Brookfield Infrastructure Technical Analysis
Neutral
36.56
Price Trends
37.34
Negative
37.10
Negative
35.34
Positive
Market Momentum
-0.40
Positive
47.01
Neutral
36.91
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BIP, the sentiment is Neutral. The current price of 36.56 is below the 20-day moving average (MA) of 37.52, below the 50-day MA of 37.34, and above the 200-day MA of 35.34, indicating a neutral trend. The MACD of -0.40 indicates Positive momentum. The RSI at 47.01 is Neutral, neither overbought nor oversold. The STOCH value of 36.91 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for BIP.
Brookfield Infrastructure Risk Analysis
Brookfield Infrastructure disclosed 88 risk factors in its most recent earnings report. Brookfield Infrastructure reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Brookfield Infrastructure Peers Comparison
UnderperformOutperform
Sector (66)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | $8.66B | 4.09 | 11.03% | 5.43% | 21.84% | -4.20% | |
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
59 Neutral | $6.96B | 9.21 | 16.88% | 12.98% | 10.16% | -29.63% | |
58 Neutral | $10.40B | 7.76 | 28.87% | 5.06% | 2.76% | 5.46% | |
56 Neutral | $60.83B | 29.73 | 6.53% | 2.91% | 2.23% | -35.44% | |
55 Neutral | $17.36B | 41.43 | 7.74% | 4.92% | 13.02% | ― |
* Utilities Sector Average
BIP
Brookfield Infrastructure
37.01
4.56
14.04%
CIG
Companhia Energetica Minas Gerais
2.09
0.28
15.53%
SRE
Sempra Energy
93.06
20.05
27.47%
AES
AES
14.58
3.62
33.08%
ELPC
Companhia Paranaense de Energia Sponsored ADR
11.61
3.64
45.67%
Brookfield Infrastructure Corporate Events
Brookfield Infrastructure Posts 10% FFO Growth and Expands Strategic Partnerships in Q1 2026
Apr 29, 2026
Brookfield Infrastructure reported strong financial and operating results for the quarter ended March 31, 2026, highlighted by a 10% year-on-year rise in funds from operations to $709 million, or $0.90 per unit, despite a net loss of $61 million t...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.