Brookfield Infrastructure Partners L.P. (BIP) reported third-quarter 2026 funds from operations (FFO) of $717 million, up 10% from $654 million, and FFO per unit of $0.91 versus $0.83. Revenue was $6.556 billion, compared with $5.975 billion. Net income attributable to the Partnership was $69 million, versus $440 million a year earlier; BIP attributed the decrease largely to higher prior-year gains on asset sales.
Year to date, BIP deployed approximately $1.7 billion of equity and secured approximately $1.5 billion of proceeds from asset sales. Its signed NAVER partnership includes over 200 MW of compute capacity; the project is expected to require approximately $9 billion of capital, with an expected equity commitment of approximately $100 million net to BIP. First GPU deployment is expected in the first half of 2027, with full deployment by the end of 2028.
In light of the expected corporate simplification closing on November 19, 2026, BIP is not declaring a fourth-quarter 2026 distribution at this time. Following closing and subject to approval by its Board of Directors, Brookfield Infrastructure Partners Inc. intends to declare and pay a fourth-quarter dividend on BIP Inc. Class A shares consistent with BIP’s current quarterly distribution of $0.455 per unit.
Brookfield Infrastructure Partners L.P. (BIP) is the issuer of limited partnership units for which Principal Global Investors, LLC reports beneficial ownership of 13,054,426 units, or 2.8% of the class, as of September 30, 2026. Principal Global Investors reports shared voting power and shared dispositive power over 13,054,426 units, with zero sole voting power and zero sole dispositive power. The reported ownership is 5% or less of the class.
Brookfield Infrastructure Partners L.P. (BIP) unitholders approved resolutions for the proposed corporate simplification, including a plan of arrangement and amendments to BIP’s limited partnership agreement. About 60% of BIP units outstanding as of August 21, 2026, were represented at the meeting. Over 99% of votes cast supported each resolution, including over 99% of minority votes cast; all approvals required from BIP unitholders have been obtained.
The simplification would convert BIP into a Canadian corporation, Brookfield Infrastructure Partners Inc. (BIP Inc.), and BIP unitholders would receive its Class A subordinated voting shares. BIP’s conversion is not conditional on Brookfield Infrastructure Corporation (BIPC) shareholder approval. BIPC shareholders are scheduled to vote October 29, 2026; if they approve, BIPC exchangeable-share holders would also receive BIP Inc. Class A shares. If they do not, the exchangeable shares would remain outstanding and become exchangeable one-for-one upon closing of the BIP transaction. A hearing for the final court order is expected on or about November 3, 2026, if necessary approvals are obtained; completion is anticipated in the fourth quarter of 2026, subject to the order.
Brookfield Infrastructure Partners L.P. reported that unitholders approved the BIP Transaction Resolutions at the October 14, 2026 special meeting. The resolutions comprised the BIP Arrangement Resolution and BIP LPA Amendment Resolution. Holders of 275,237,544 Units, representing 60.13% of the 457,714,670 issued and outstanding Units on the record date, were represented.
The arrangement resolution received 273,870,763 votes for (99.51%) and 1,338,891 against (0.49%); Minority Unitholders cast 268,459,996 for (99.50%) and 1,338,891 against (0.50%). The LPA amendment received 273,910,809 votes for (99.53%) and 1,298,845 against (0.47%); Minority Unitholders cast 268,500,042 for (99.52%) and 1,298,845 against (0.48%). Approval required a simple majority of outstanding Units and a simple majority of votes cast by Minority Unitholders present in person or represented by proxy. No other matters required a unitholder vote.
Brookfield Infrastructure Partners L.P. (BIP) reported that Brookfield Infrastructure Corporation (BIPC) adjourned its special shareholder meeting on the proposed corporate simplification to October 29, 2026, at 10:00 a.m. EDT. The meeting will be virtual; BIPC’s record date remains August 21, 2026, and registered shareholders’ proxy deadline is October 27, 2026, at 5:00 p.m. EDT. Previously submitted proxies do not need to be submitted again. BIP’s special unitholder meeting remains scheduled virtually for October 14, 2026, at 9:00 a.m. EDT.
If approved, the simplification would combine BIP and BIPC into one publicly traded corporation, Brookfield Infrastructure Partners Inc. Completion is anticipated in the fourth quarter of 2026, subject to the final court order and required regulatory approvals. If necessary securityholder approvals are obtained, a final hearing is expected on or about November 3, 2026. The boards of BIP and BIPC recommend that their respective unitholders and shareholders vote in favor.
Brookfield Infrastructure Partners L.P. (BIP) is asking unitholders and Brookfield Infrastructure Corporation shareholders to approve a corporate simplification in which equity holders of BIP and BIPC would exchange their interests for Class A subordinate voting shares of a new Canadian public company, Brookfield Infrastructure Partners Inc. (BIP Inc.). BIP and BIPC would become subsidiaries of BIP Inc., implemented through a court-approved plan of arrangement in British Columbia.
Each BIP unit and BIP exchangeable security would be exchanged for one BIP Inc. Class A Share
Special committees and boards of both BIP and BIPC unanimously (excluding two recused non‑independent directors) recommend voting in favor, supported by a Scotiabank fairness opinion. The special meetings are on October 14, 2026 with a record date of August 21, 2026, and completion is targeted for the fourth quarter of 2026, subject to securityholder, court, regulatory and exchange approvals. Registered holders have dissent rights, and approval will also authorize BIP Inc. to conduct future prospectus offerings of BIP Inc. Class A Shares without separate shareholder votes under Canadian “restricted securities” rules.
Brookfield Infrastructure Partners L.P. (BIP), through subsidiary Brookfield Infrastructure L.P., agreed to issue 4,000,000 5.75% Cumulative Minimum Rate Reset Class A Preferred Limited Partnership Units, Series 19, at $25.00 per unit on a bought deal basis, for gross proceeds of $100,000,000, all in Canadian dollars.
The Series 19 Preferred Units pay a cumulative quarterly fixed distribution at 5.75% annually until September 30, 2031, then reset every five years to the greater of the 5‑year Government of Canada bond yield plus 2.35% or 5.75%. They are redeemable on September 30, 2031 and on each five‑year reclassification date thereafter.
Holders may reclassify Series 19 into Series 20 floating‑rate preferred units on each reclassification date, with distributions at the 90‑day Canadian Treasury Bill yield plus 2.35%. Underwriters have an option to buy up to an additional 2,000,000 units, which would increase the offering size to $150,000,000. Net proceeds are intended for general corporate purposes, and closing is expected on or about August 27, 2026. The units are offered across Canada and are not being offered or sold in the United States or to U.S. persons absent registration or an exemption.
Brookfield Infrastructure Partners Inc., Brookfield Infrastructure Partners L.P. and Brookfield Infrastructure Corporation entered into an arrangement agreement dated July 21, 2026 for a court-approved plan of arrangement under Section 288 of the BCBCA. The stated goal is to deliver additional benefits to BIP unitholders and BIPC shareholders by holding their investments through BIP Inc., a newly formed corporation.
Under the transaction, holders of Equity Units, exchangeable LP units, BIHC A.2 shares and BIPC class A exchangeable subordinate voting shares will receive BIP Inc. Class A subordinate voting shares on a one-for-one basis, with certain holders able to elect a portion in non-interest-bearing BIP Inc. Notes that are later exchanged for Class A shares. Completion requires Interim and Final Orders from the Supreme Court of British Columbia and approvals from BIP unitholders, BIPC shareholders and Minority Unitholders under MI 61-101, supported by fairness opinions from Scotia Capital Inc. The plan adds new redemption and call rights allowing BIP to redeem, or BIP Inc. to purchase, public units for cash equal to or for Class A share consideration, sets detailed dissent procedures, and splits Transaction Costs 50/50 between BIP and BIPC subject to a specified termination event.
Brookfield Infrastructure Partners L.P. has a significant institutional holder, Principal Global Investors, LLC, which reports beneficial ownership of 23,776,567 Limited Partnership Units, representing 5.1% of the class as of June 30, 2026. All of these units are subject to shared voting and dispositive power; none are held with sole voting or dispositive authority.
Principal Funds, Inc., through its Principal MidCap Fund series, reports beneficial ownership of 20,156,517 units, representing 4.4% of the class as of June 30, 2026, and states that its ownership has been reduced to below 5% of the issuer’s outstanding units. Principal Global Investors, LLC and Principal Funds, Inc. are making a joint filing under a Joint Filing Agreement.
Brookfield Infrastructure Partners L.P. generated Q2 2026 revenue of $6,482 million, up from $5,429 million a year earlier. Net income was $489 million versus $252 million in Q2 2025, but limited partners recorded a net loss of $24 million, or $(0.07) per unit, after allocations to the general partner and non-controlling interests.
Management’s Funds from Operations (FFO) for Q2 2026 was $702 million, compared with $638 million a year earlier. For the first half of 2026, revenue reached $12,783 million and net income $637 million. Cash from operating activities was $2,386 million, supporting significant capital spending and portfolio recycling. As of June 30, 2026, total assets were $121,948 million, non-recourse borrowings $57,202 million, corporate borrowings $5,263 million, and partnership capital $32,523 million. Invested Capital stood at $12,911 million, with continued asset sales and new investments reshaping the utilities, transport, midstream and data portfolios.