Brookfield Infrastructure
Owns regulated utilities, Brazilian gas pipelines, and a global container-leasing fleet.
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Profile
Owns Brazilian gas pipelines, U.K. multi-utility distribution networks, and a global intermodal-container leasing platform, earning mostly regulated or contracted revenue. Its exchangeable shares are designed to track Brookfield Infrastructure Partners units economically and would convert into a single corporate issuer if the pending simplification closes.
Owns regulated gas pipelines in southeastern Brazil, U.K. last-mile multi-utility and fiber networks, and a global intermodal-container leasing platform. Revenue comes mainly from regulated tariffs, ship-or-pay gas agreements, and long-term leases with major shipping lines. Growth comes from new utility connections, regulated asset-base investment, fleet utilization, capital recycling, and acquisitions alongside Brookfield-sponsored capital.
Brazilian pipelines are shifting from ship-or-pay agreements to a regulated-asset-base regime, while U.K. demand depends partly on housing development. Each exchangeable share is intended to match the economic return of one Brookfield Infrastructure Partners unit; Brookfield provides external management and allocates opportunities. A proposed simplification would exchange the shares for Brookfield Infrastructure Partners Inc. shares, subject to shareholder, court, regulatory, and listing approvals.
Company facts
Categories
Key statistics
Year to date −14.6% · Average volume (30d) 1.1M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 12, 2026 | Morgan Stanley | Reiterate | Underweight | $48 | $50 | |
| Jul 21, 2026 | Morgan Stanley | Reiterate | Underweight | $57 | $48 | |
| Mar 23, 2026 | Morgan Stanley | Downgrade | Equal Weight | Underweight | ||
| Jan 28, 2026 | Morgan Stanley | Target | $53 | $57 | ||
| Dec 2, 2025 | Morgan Stanley | Reiterate | Equal Weight | $46 | $53 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 30, 2026Q2 FY26 | $0.38 | −$0.56 | −247.4% | $932.9M | $940.0M | +0.8% | −1.48% |
| Apr 29, 2026Q1 FY26 | −$0.02 | −$0.76 | −3,700.0% | $930.8M | $884.0M | −5.0% | +4.25% |
| Jan 29, 2026Q4 FY25 | $2.25 | −$2.00 | −188.9% | $962.1M | $970.7M | +0.9% | −1.89% |
| Nov 4, 2025Q3 FY25 | −$1.68 | $0.68 | +140.5% | — | $906.7M | — | +1.29% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $929.0M | $866.0M | $917.0M | $970.7M | $884.0M | $940.0M | |
| Gross profit | $574.0M | $563.0M | $581.0M | $625.5M | $539.0M | $572.0M | |
| Operating income | $555.0M | $543.0M | $561.0M | $604.1M | $518.0M | $550.0M | |
| Net income | $389.0M | −$477.0M | $82.0M | −$238.6M | −$112.0M | −$83.0M | |
| Diluted EPS | $3.27 | −$4.01 | $0.69 | −$2.00 | −$0.83 | −$0.67 | |
| Gross margin | 61.8% | 65.0% | 63.4% | 64.4% | 61.0% | 60.9% | |
| Operating margin | 59.7% | 62.7% | 61.2% | 62.2% | 58.6% | 58.5% |
Fiscal years (4-quarter sums)FY21 $1.64B · FY22 $1.86B · FY23 $2.53B · FY24 $3.64B · FY25 $3.68B
Revenue by product · FY25
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $690.0M · Total debt $12.79B · Total assets $24.54B · Shareholders' equity −$1.54B
Dividends
Raised for 4 straight years — most recently to $0.455 from $0.43 in Feb 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| May 29, 2026 | May 29 | Jun 30 | $0.455 | |
| Feb 27, 2026 | Feb 27 | Mar 31 | $0.455 | raised from $0.43 |
| Nov 28, 2025 | Nov 28 | Dec 31 | $0.43 | |
| Aug 29, 2025 | Aug 29 | Sep 29 | $0.43 | |
| May 30, 2025 | May 30 | Jun 30 | $0.43 | |
| Feb 28, 2025 | Feb 28 | Mar 31 | $0.43 | raised from $0.405 |
| Nov 29, 2024 | Nov 29 | Dec 31 | $0.405 | |
| Aug 30, 2024 | Aug 30 | Sep 27 | $0.405 |
Ownership
Shares outstanding 122.99M · Float 109.96M · 89.4% free float
Insiders — no current Form 4 position.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Brookfield Corporation | 13.01M | 9.60% | 13D | Jul 23, 2026 |
| BlackRock, Inc. | 8.76M | 7.13% | 13F | Aug 7, 2026 |
| Bank of Montreal /Can/ | 5.89M | 4.79% | 13F | Aug 12, 2026 |
| Royal Bank of Canada | 4.55M | 3.70% | 13F | Aug 14, 2026 |
| FMR LLC | 3.80M | 3.09% | 13F | Aug 13, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- Enbridge
Broad overlap in contracted energy networks
- TC Energy
Natural gas pipeline infrastructure peer
- Kinder Morgan
U.S. gas pipelines and terminals overlap
- National Grid (ADR)
Regulated UK and US network utility peer
- Digital Realty
Data-center and interconnection platform peer
- Sempra
Regulated utility and LNG infrastructure overlap
- Equinix
Global digital infrastructure competitor
- GATX
Transportation asset leasing overlap
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Brookfield Infrastructure | $38.63 | −0.05% | $4.75B | — | 21.6 | 1.3 | +6.7% |
| Enbridge | $50.26 | +0.12% | $109.62B | 24.2 | 23.4 | 1.6 | +41.2% |
| TC Energy | $61.70 | −0.23% | $64.40B | 25.7 | 23.9 | 5.6 | +1.9% |
| Kinder Morgan | $31.50 | −0.16% | $70.28B | 20.2 | 21.2 | 3.9 | +10.8% |
| National Grid (ADR) | $79.35 | +0.01% | $79.78B | 18.0 | — | 3.3 | +5.7% |
| Digital Realty | $182.50 | −1.56% | $68.62B | 89.6 | 81.3 | 10.0 | +28.9% |
| Sempra | $84.31 | −0.01% | $55.12B | 24.4 | 16.1 | 4.1 | −0.1% |
| Equinix | $1,031.43 | −1.20% | $103.05B | 67.3 | 59.8 | 10.5 | +16.4% |
| GATX | $177.60 | +0.06% | $6.31B | 17.5 | 17.2 | 3.1 | +34.8% |
| Median | 24.3 | 23.4 | 4.0 | +13.6% |