BIP: Brookfield Infrastructure Partners L.P. Instablogs

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Sunday, June 16, 3:27 PM Brookfield Infrastructure (BIP) is selling its interest in its timberland operations for $790M. "The sale of our timberland assets was an opportunity to further our strategy of monetizing lower yielding assets to recycle capital into our utilities, transport and energy businesses. These transactions enabled us to monetize our remaining timberland assets at attractive prices reflecting their most recent third-party appraisals. With our strong pipeline of investment opportunities, we will seek to re-invest these proceeds at our targeted, after-tax return on equity of 12-15% per annum." (PR) 3 Comments [M&A, Breaking News]
Thursday, May 2, 3:39 PM More on Brookfield Infrastructure Partners (BIP -0.7%) Q1 earnings: FFO of $108M is $0.80/unit, up 38% Y/Y. Payout ratio of 59% is below target range of 60-70%. Utilities platform FFO of $92M up 41.5%, driven by merger and recap of U.K. distribution business. Transport platform FFO of $67M up 76%, driven by expansion in Australian railroad and acquisition of South African toll roads. Energy platform FFO of $22M off 8.3% thanks to weakness in N.A. gas business. CC: "We expect that our natural gas transmission system will continue to face headwinds in the near term.: Comment! [Earnings]
Thursday, May 2, 10:55 AM Brookfield Infrastructure (BIP): Q1 FFO of $0.80. Revenue of $612M misses by $32.4M. (PR) Comment! [Earnings, Breaking News]
Wednesday, March 13, 11:16 AM Brookfield Infrastructure Partners (BIP -4.2%) continues to decline as damage from SA author Roddy Boyd's skeptical weekend piece on its parent, Brookfield Asset Management (BAM) spills over. 4 Comments [On the Move, Financials]
Friday, February 8, 7:42 AM Brookfield Infrastructure (BIP): Q4 EPS of $0.65 beats by $0.33. Revenue of $578M beats by $74M. (PR) Comment! [Earnings, Breaking News]
Monday, August 6, 2012, 9:19 AM Brookfield Infrastructure (BIP) teams with Abertis Infraestructurasto buy a 60% interest in OHL Brasil, one of Brazil's largest owners and operators of toll road concessions, for $1.7B. BIP plans to invest $250M after the acquisition closes; the JV could launch an offer to buy the remaining 40% of OHL Brasil that is publicly traded, BIP says. BIP -0.9% premarket. Comment! [Commodities, M&A]
Wednesday, October 19, 2011, 9:00 AM Premarket gainers: ABT +7%. ISRG +6%. YHOO +4%. INTC +3%. PHM +3%. CROX +3%.
Losers: PWAV -42%. AEM -11%. BPOP -6%. NBG -6%. ALU -5%. CREE -5%. AAPL -5%. ERIC -5%. BIP -4%. AMR -3%. Comment! [On the Move]
Monday, August 23, 2010, 7:23 AM Brookfield Infrastructure Partners (BIP +3.8%) will buy the 60% of Prime Infrastructure Group it doesn't already own in a deal that values the Australian firm at A$1.6B ($1.4B). Prime Infrastructure closed +20.8% in Australian trading. Comment!

BIP Brookfield Infrastructure Partners L.P.

BIP

Brookfield Infrastructure Partners L.P.