Brookfield Infrastructure Q2 FFO per unit rises 10%
BIPC•Drivers of the quarter
- Data and midstream segments — FFO growth was led by a 36% increase in the data segment and a 17% rise in midstream, driven by new projects and acquisitions.
- Organic growth and utilization — Inflation-linked rate increases in utilities and higher volumes and utilization across transport and midstream supported organic growth.
- Asset sales and capital recycling — Asset sales moderated reported growth, particularly in transport and midstream, but proceeds funded new investments generating higher returns.
Reported key figures and analyst coverage
| Metric | Actual |
|---|---|
| Q2 Net Income | $44 mln |
| Q2 FFO | $702 mln |
The one available analyst rating on the shares is "sell".
Wall Street's median 12-month price target for Brookfield Infrastructure Corp is $48.00, about 11% above its July 29 closing price of $43.23.
Q2 FFO rises on data and midstream segments
Brookfield Infrastructure said its second-quarter FFO per unit rose 10% year over year, driven by the data and midstream segments.
Q2 net income fell from the prior year due to higher depreciation and borrowing costs.
The company raised its quarterly distribution by 6% year over year.
