Brookfield Infrast Partners Lp Stock Price, News & Analysis

Brookfield Infrastructure Partners (NYSE: BIP) has announced its intention to privatize Inter Pipeline Ltd. (IPL) by offering C$16.50 per share, representing a 23% premium over IPL's recent trading price. With a total consideration of approximately C$4.9 billion, the offer includes cash and exchangeable shares. Brookfield, holding a 19.6% stake in IPL, asserts that the offer is advantageous for IPL shareholders, given its significant premiums over both current prices and analyst estimates.

Brookfield Infrastructure (NYSE: BIP) reported a 5% increase in distributions for 2021, marking the 12th consecutive annual increase. For 2020, net income reached $394 million ($0.35 per unit), up from $233 million in 2019, driven by strong performance across regulated sectors and new acquisitions. Funds from Operations (FFO) for 2020 also increased by 5% to $1.45 billion. The company made strategic investments totaling $2.5 billion and successfully generated over $700 million from capital recycling. A quarterly distribution of $0.51 per unit is set for March 31, 2021.

Brookfield Infrastructure Partners will host its 2020 Third Quarter Conference Call on November 9, 2020, at 9:00 a.m. ET. Investors can expect insights on the company’s performance and strategic initiatives. Results will be available at 7:00 a.m. ET on the same day via their website. Participation in the call can be done through toll-free numbers, with a rebroadcast available until November 16, 2020. Brookfield Infrastructure focuses on long-lasting infrastructure assets across various sectors and provides access to its portfolio through its listed partnerships.

Brookfield Infrastructure Partners L.P. (BIP) has successfully closed the issuance of 8 million Series 13 Preferred Units, raising $200 million. These units provide a cumulative quarterly fixed distribution of 5.125% annually and are now listed on the NYSE as 'BIP PR A.' The funds will primarily finance green projects aligning with the company’s commitment to sustainability. Pending allocation, unallocated proceeds will reduce outstanding amounts under its credit facility. Major investment banks facilitated the offering, enhancing Brookfield's financial flexibility and sustainable investment profile.

Brookfield Infrastructure Partners L.P. (NYSE: BIP) has announced the redemption of CDN$450,000,000 in Series 2 Notes, initially due March 11, 2022. The redemption will take place on October 6, 2020, with the exact redemption price to be disclosed on October 1, 2020. The notes' redemption includes accrued interest up to the redemption date. Furthermore, Brookfield Infrastructure operates across crucial sectors like utilities and transport, emphasizing high-quality asset management.

BROOKFIELD, Aug. 31, 2020 (GLOBE NEWSWIRE) -- Brookfield Infrastructure Partners L.P. (NYSE: BIP) has successfully acquired a 100% stake in a telecom tower company in India for $3.4 billion, with Brookfield investing $600 million. The acquisition includes about 135,000 communication towers, essential for Reliance Jio's telecom operations, and is positioned to expand to 175,000 towers. This strategic investment enhances Brookfield's Data Infrastructure segment and capitalizes on India's growing 5G rollout, secured by a 30-year Master Services Agreement with Jio.

Brookfield Infrastructure (NYSE: BIP) announced the sale of $500 million in medium-term notes (Series 8), maturing on September 1, 2032, with an interest rate of 2.855% per annum. The offering, managed by a syndicate of agents including RBC and TD Securities, is set to close around September 1, 2020. Proceeds will be used to redeem existing notes maturing in March 2022 and for general working capital. The Series 8 Notes are rated BBB+ by Standard & Poor’s, and Brookfield Infrastructure guarantees repayment obligations.

Brookfield Infrastructure (NYSE: BIP) reported a net loss of $61 million for Q2 2020, a decline from $98 million in Q2 2019. Funds from Operations (FFO) were $333 million, down 1% year-over-year, affected by a 27% depreciation in the Brazilian real, which reduced FFO by $30 million. The firm maintains a strong liquidity position and anticipates further investment opportunities. Notable segment performances included utilities generating $130 million, energy at $106 million, and an increase in data infrastructure FFO by 43%. A quarterly distribution of $0.485 per unit was declared, payable on September 30, 2020.

Brookfield Infrastructure Partners will host its 2020 Second Quarter Conference Call on August 5, 2020, at 9:00 a.m. ET. The company will discuss its financial results and current business initiatives.

Results will be available at 7:00 a.m. ET on the same day via their website. Participants can join the call by dialing 1-866-688-9459 (North America) or +1-409-216-0834 (international). A rebroadcast will also be available until August 12, 2020.