Brookfield Infrast Partners Lp Stock Price, News & Analysis

BROOKFIELD, NEWS, March 02, 2023 - Brookfield Infrastructure Partners L.P. (NYSE: BIP) announced a fixed distribution rate for its Cumulative Class A Preferred Limited Partnership Units, Series 9, set at 6.642% for five years, translating to $0.415125 per unit per quarter. Investors have the option to reclassify these into Series 10 Units until March 16, 2023. The Series 10 Units' quarterly floating rate is calculated at 3.00% over three-month Government of Canada treasury yields, starting at 1.88582% for the first quarter. The Series 9 Units’ outstanding count is 7,986,595, with mandatory reclassification if below 1 million. TSX has conditionally approved listing for Series 10.

BROOKFIELD, NEWS, Feb. 02, 2023 -- Brookfield Infrastructure Partners L.P. (BIP) announced its fourth quarter results for 2022, highlighting organic growth and a 20% increase in Funds From Operations (FFO) to $2.1 billion. Despite reporting a net income decrease to $0.4 billion from $1.1 billion in 2021, the company achieved outstanding capital deployment, including $2.9 billion in new investments. BIP declared a quarterly distribution increase of 6% to $0.3825 per unit, payable on March 31, 2023. The company also made significant strides in asset sales, anticipating over $2 billion in net proceeds this year.

Brookfield Infrastructure Partners has announced a conference call and webcast for its fourth quarter 2022 results on February 2, 2023, at 9:00 a.m. ET. Results will be released prior, at 7:00 a.m. ET, and available on their website here. Participants can register for the conference call online to receive a dial-in number and bypass the operator.

Brookfield Infrastructure Partners L.P. (BIP) has announced that the Toronto Stock Exchange accepted its notice to renew its normal course issuer bid for up to 5% of its outstanding limited partnership units (LP Units) and class A preferred units (Preferred Units). The company is authorized to repurchase up to 22,914,157 LP Units, with a daily limit of 97,371 units based on trading volume. BIPC, its affiliate, also plans to renew its bid for exchangeable subordinate voting shares. Both repurchase programs are set to begin on December 1, 2022, and end on November 30, 2023.

Brookfield Infrastructure (NYSE: BIP; TSX: BIP.UN) has announced the sale of $700 million in medium-term notes. This includes $450 million of Series 11 Notes, maturing in 2027 at 5.616% interest, and $250 million of Series 12 Notes, maturing in 2033 at 5.980% interest. The proceeds will be used to refinance existing debt. The sale is led by TD Securities and other major banks, with expected closure around November 14, 2022. The notes are guaranteed by Brookfield Infrastructure and its key holdings, highlighting the company’s capacity to manage long-term financial commitments.

Brookfield Infrastructure Partners L.P. (BIP) reported third-quarter results for 2022, showcasing a net income of $113 million, significantly down from $413 million year-over-year. However, funds from operations (FFO) rose 24% to $525 million, driven by organic growth of 10% and successful acquisitions. The company announced a 6% increase in quarterly distributions to $0.36 per unit, payable on December 30, 2022. Recent strategic initiatives include a partnership to invest $15 billion in a semiconductor foundry with Intel, enhancing growth potential in crucial sectors.

Brookfield Infrastructure Partners will hold its Q3 2022 conference call and webcast on November 2, 2022, at 9:00 a.m. ET. Results will be released before 7:00 a.m. ET that same day. Participants can join via conference call or webcast. Pre-registration for the call is required, after which a unique PIN will be provided to bypass the operator. The webcast registration link is available online. Brookfield Infrastructure invests in stable cash flow generating assets across various sectors worldwide.

Albright Capital Management, a significant minority shareholder in Atlas Corporation (NYSE: ATCO), announced its intention to vote against the $14.45/share unsolicited offer from a consortium of insiders and ONE. They believe ATCO shares remain significantly undervalued, estimating a fair price between $23 and $29/share by 2024 based on future revenue growth. Albright Capital argues the offer undervalues ATCO's business potential and forecasts a significant growth in revenues from $1.7 billion in 2022 to $2.4 billion in 2024, reflecting management's projected EBITDA growth.

BROOKFIELD, News, Aug. 23, 2022 – Brookfield Infrastructure Partners (NYSE: BIP) has forged a partnership with Intel to co-fund a semiconductor fabrication facility in Chandler, Arizona. Brookfield's investment is up to $15 billion for a 49% stake, while Intel retains 51%. This initiative aims to bolster U.S. semiconductor manufacturing and enhances Brookfield's capital project backlog. The equity contribution, estimated at $500 to $750 million, will be financed through retained cash flow and capital recycling. Closing is expected by end of 2022, subject to conditions.