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Brookfield Infrastructure Partners L.P. (BIP)

NYSE - NYSE Delayed Price. Currency in USD
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47.21+0.97 (+2.10%)
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Previous Close46.24
Open46.39
Bid0.00 x 1100
Ask48.00 x 800
Day's Range46.29 - 47.51
52 Week Range23.01 - 50.28
Volume203,292
Avg. Volume264,014
Market Cap13.908B
Beta (5Y Monthly)0.91
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield1.94 (4.20%)
Ex-Dividend DateAug 28, 2020
1y Target EstN/A
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  • GlobeNewswire

    Brookfield Infrastructure Issues $200 Million Inaugural Green Preferred Units

    All amounts in U.S. dollars unless otherwise statedBROOKFIELD, News, Sept. 21, 2020 (GLOBE NEWSWIRE) -- Brookfield Infrastructure Partners L.P. (TSX: BIP.UN; NYSE: BIP) (“Brookfield Infrastructure”) today closed the public issuance of 8,000,000 Class A Preferred Limited Partnership Units, Series 13 (the “Series 13 Preferred Units”) for gross proceeds of $200 million.Holders of the Series 13 Preferred Units will be entitled to receive a cumulative quarterly fixed distribution of 5.125% per annum. The Series 13 Preferred Units have been approved for listing on the New York Stock Exchange under the symbol “BIP PR A.”“We are pleased to issue these inaugural green preferred units and further enhance our commitment to sustainable investment practices,” said Sam Pollock, Chief Executive Officer of Brookfield Infrastructure Partners. “These practices are integrated into all aspects of our business, and this issuance further demonstrates the market’s support for our approach.” Brookfield Infrastructure intends to use the net proceeds of the offering to finance and/or refinance recently completed and future Eligible Green Projects, including the development and redevelopment of such projects. Pending the allocation of an amount equal to the net proceeds of the offering, the unallocated portion will be used to repay amounts drawn under Brookfield Infrastructure’s unsecured revolving credit facility.Morgan Stanley & Co. LLC, BofA Securities, Inc., J.P. Morgan Securities LLC, RBC Capital Markets, LLC and Wells Fargo Securities, LLC acted as joint bookrunning managers for the public offering. TD Securities (USA) LLC acted as co-manager for the public offering.This news release shall not constitute an offer to sell or the solicitation of an offer to buy the securities in any jurisdiction, nor shall there be any offer or sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.Brookfield Infrastructure PartnersBrookfield Infrastructure Partners is a leading global infrastructure company that owns and operates high-quality, long-life assets in the utilities, transport, energy and data infrastructure sectors across North and South America, Asia Pacific and Europe. We are focused on assets that generate stable cash flows and require minimal maintenance capital expenditures. Investors can access its portfolio either through Brookfield Infrastructure L.P. (NYSE: BIP, TSX: BIP.UN), a Bermuda-based limited partnership, or Brookfield Infrastructure Corporation (NYSE, TSX: BIPC), a Canadian corporation. Further information is available at www.brookfield.com/infrastructure.Brookfield Infrastructure is the flagship listed infrastructure company of Brookfield Asset Management, a global alternative asset manager with approximately $550 billion of assets under management. For more information, go to www.brookfield.com.Contact information:  Media:Investors: Claire HollandKate White Senior Vice President - CommunicationsManager, Investor Relations (416) 369-8236(416) 956-5183 claire.holland@brookfield.com kate.white@brookfield.com Cautionary Statement Regarding Forward-looking StatementsNote: This news release contains forward-looking statements and information within the meaning of applicable securities laws. The words "will", "intend" and "expect" or derivations thereof and other expressions which are predictions of or indicate future events, trends or prospects, and which do not relate to historical matters, identify forward-looking statements. Forward-looking statements in this news release include statements regarding the offering and the use of proceeds therefrom. Although Brookfield Infrastructure believes that these forward-looking statements and information are based upon reasonable assumptions and expectations, the reader should not place undue reliance on them, or any other forward-looking statements or information in this news release. The future performance and prospects of Brookfield Infrastructure are subject to a number of known and unknown risks and uncertainties. Factors that could cause actual results of Brookfield Infrastructure to differ materially from those contemplated or implied by the statements in this news release are described in the documents filed by Brookfield Infrastructure with the securities regulators in Canada and the United States including under "Risk Factors" in Brookfield Infrastructure's most recent Annual Report on Form 20-F and other risks and factors that are described therein and in, or incorporated by reference in, the Registration Statement and prospectus supplement thereto. Except as required by law, Brookfield Infrastructure undertakes no obligation to publicly update or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise.

  • GlobeNewswire

    Brookfield Infrastructure to Redeem CDN$450 Million of 3.452% Series 2 Notes

    NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION TO THE UNITED STATES BROOKFIELD, News, Sept. 01, 2020 (GLOBE NEWSWIRE) -- Brookfield Infrastructure Partners L.P. (TSX: BIP.UN; NYSE: BIP) (“Brookfield Infrastructure”) today announced that its subsidiaries Brookfield Infrastructure Finance ULC, Brookfield Infrastructure Finance LLC, Brookfield Infrastructure Finance Limited and Brookfield Infrastructure Finance Pty Ltd (collectively, the “Issuers”) have exercised their right to redeem their CDN$450,000,000, 3.452%, Series 2 Notes, due March 11, 2022 (the “Series 2 Notes”). The redemption will occur on October 6, 2020.The specific redemption price will be made available through a press release to be issued by Brookfield Infrastructure on October 1, 2020. The redemption price for the Series 2 Notes will be determined in accordance with the provisions of the indenture dated October 10, 2012, the second supplemental indenture dated March 11, 2015 and pricing supplement no. 1 dated March 5, 2015 to the Issuers’ short form base shelf prospectus dated December 29, 2014, as supplemented by a prospectus supplement dated March 5, 2015. The redemption amount paid will also include accrued and unpaid interest on the Series 2 Notes up to, but not including, the date of redemption.Notice of redemption will be delivered today to CDS Clearing and Depository Services Inc. (“CDS”) and the trustee, Computershare Trust Company of Canada. Non-registered holders (banks, brokerage firms or other financial institutions) who maintain their interests in the Series 2 Notes through CDS should contact their CDS customer service representative with any questions about the redemption. Alternatively, beneficial holders with any questions about the redemption should contact their representative brokerage firm or financial institution, which holds interests in the Notes on their behalf.Brookfield Infrastructure is a leading global infrastructure company that owns and operates high-quality, long-life assets in the utilities, transport, energy and data infrastructure sectors across North and South America, Asia Pacific and Europe. We are focused on assets that generate stable cash flows and require minimal maintenance capital expenditures. Investors can access its portfolio either through Brookfield Infrastructure Partners L.P. (NYSE: BIP; TSX: BIP.UN), a Bermuda-based limited partnership, or Brookfield Infrastructure Corporation (NYSE, TSX: BIPC), a Canadian corporation. Further information is available at www.brookfield.com/infrastructure.Brookfield Infrastructure is the flagship listed infrastructure company of Brookfield Asset Management, a global alternative asset manager with approximately $550 billion of assets under management. For more information, go to www.brookfield.com.Contact information:Media:Investors: Claire Holland Senior Vice President, Communications Tel: (416) 369-8236 Email: claire.holland@brookfield.comKate White Manager, Investor Relations Tel: (416) 956-5183 Email: kate.white@brookfield.com Cautionary Statement Regarding Forward-looking StatementsNote: This news release contains forward-looking statements and information within the meaning of applicable securities laws. The words, “will”, “expected”, “intends” or derivations thereof and other expressions which are predictions of or indicate future events, trends or prospects, and which do not relate to historical matters, identify the above mentioned and other forward-looking statements. Forward-looking statements in this news release include statements regarding the expected consummation of the redemption on the redemption date. Although Brookfield Infrastructure believes that these forward-looking statements and information are based upon reasonable assumptions and expectations, the reader should not place undue reliance on them, or any other forward-looking statements or information in this news release. The future performance and prospects of Brookfield Infrastructure are subject to a number of known and unknown risks and uncertainties. Factors that could cause actual results of Brookfield Infrastructure to differ materially from those contemplated or implied by the statements in this news release are described in the documents filed by Brookfield Infrastructure with the securities regulators in Canada and the United States including under “Risk Factors” in Brookfield Infrastructure’s most recent Annual Report on Form 20-F and other risks and factors that are described therein. Except as required by law, Brookfield Infrastructure undertakes no obligation to publicly update or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise.

  • GlobeNewswire

    Brookfield Infrastructure Announces Closing of Indian Telecom Towers Transaction

    BROOKFIELD, News, Aug. 31, 2020 (GLOBE NEWSWIRE) -- Brookfield Infrastructure Partners L.P. (“Brookfield Infrastructure”) (NYSE: BIP; TSX: BIP.UN) today announced that it has completed the previously announced acquisition of a 100% stake in a telecom tower company in India from Reliance Industrial Investments and Holdings Limited, a wholly-owned subsidiary of Reliance Industries Limited (“RIL”). Brookfield and its institutional partners will be making an equity investment of approximately $3.4 billion, of which Brookfield Infrastructure will be investing $600 million. Brookfield Infrastructure has acquired a high-quality portfolio of approximately 135,000 recently constructed communication towers that form the infrastructure backbone of Reliance Jio’s (“Jio”) telecom business. This portfolio provides a well-placed platform to capitalize on the rollout of 5G across the country, as the towers are largely connected by fiber backhaul. Jio is an anchor tenant of the business under a 30-year Master Services Agreement, providing a secure, long-term source of revenue and incremental business plan tower build-out to drive growth that is expected to bring the portfolio to 175,000 towers in the near term.“We are pleased to have closed this transaction, which was one of our top priorities for 2020,” said Sam Pollock, Chief Executive Officer of Brookfield Infrastructure. “The acquisition of this large-scale, high-quality telecom tower business significantly expands and diversifies our Data Infrastructure segment and competitively positions us in India’s growing data industry.”“We are confident in the long-term prospects for data sector growth in India,” said Anuj Ranjan, Managing Partner and Head of India and the Middle East for Brookfield. “We are looking forward to continuing to work alongside Reliance, which has established itself as a leading telecom and technology company in India. The recent investments by leading global technology companies and private equity investors in Jio is further testimony to the platform Reliance has built and their strength as our anchor tenant.”Brookfield Infrastructure Partners is a leading global infrastructure company that owns and operates high-quality, long-life assets in the utilities, transport, energy and data infrastructure sectors across North and South America, Asia Pacific and Europe. We are focused on assets that generate stable cash flows and require minimal maintenance capital expenditures. Investors can access its portfolio either through Brookfield Infrastructure Partners L.P. (NYSE: BIP; TSX: BIP.UN), a Bermuda-based limited partnership, or Brookfield Infrastructure Corporation (NYSE, TSX: BIPC), a Canadian corporation. Further information is available at www.brookfield.com/infrastructure.Brookfield Infrastructure is the flagship listed infrastructure company of Brookfield Asset Management, a global alternative asset manager with approximately $550 billion of assets under management. For more information, go to www.brookfield.com.For more information, please contact:Media: Claire Holland Tel: (416) 369-8236 Email: claire.holland@brookfield.comInvestors: Kate White Tel: (416) 956-5183 Email: kate.white@brookfield.com Cautionary Statement Regarding Forward-looking StatementsNote: This news release contains forward-looking statements and information within the meaning of applicable securities laws. The words “will”, “expected”, “intends”, “anticipated” or derivations thereof and other expressions which are predictions of or indicate future events, trends or prospects, and which do not relate to historical matters, identify the above mentioned and other forward-looking statements. Forward-looking statements in this news release include statements regarding the future performance of the business including its potential for growth. Although Brookfield Infrastructure believes that these forward-looking statements and information are based upon reasonable assumptions and expectations, the reader should not place undue reliance on them, or any other forward-looking statements or information in this news release. The future performance and prospects of Brookfield Infrastructure are subject to a number of known and unknown risks and uncertainties. Factors that could cause actual results of Brookfield Infrastructure to differ materially from those contemplated or implied by the statements in this news release include general economic conditions in the jurisdictions in which we operate and elsewhere which may impact the markets for our products and services, including the products and services provided by the business that is the subject of this news release the fact that success of Brookfield Infrastructure is dependent on market demand for an infrastructure company, which is unknown and the ability to effectively complete new acquisitions in the competitive infrastructure space and to integrate acquisitions into existing operations, and other risks and factors described in the documents filed by Brookfield Infrastructure with the securities regulators in Canada and the United States including under “Risk Factors” in Brookfield Infrastructure’s most recent Annual Report on Form 20-F and other risks and factors that are described therein. Except as required by law, Brookfield Infrastructure undertakes no obligation to publicly update or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise.