Brookfield Infrastructure Partners (BIP) Misses Q3 EPS by 23c, Revenues Beat

Brookfield Infrastructure Partners (NYSE: BIP) reported Q3 EPS of ($0.12), $0.23 worse than the analyst estimate of $0.11. Revenue for the quarter came in at $2.2 billion versus the consensus estimate of $990.12 million.

“Our businesses continued to demonstrate their resilience during the third quarter, with each segment delivering solid operating results. We have also benefited from the completion of two highly cash-generative investments that align with our current strategic focus,” said Sam Pollock, Chief Executive Officer of Brookfield Infrastructure Partners. “Looking ahead, we anticipate 2021 will be a year of meaningful growth for Brookfield Infrastructure. Our very strong liquidity position, along with the positive momentum being generated by our capital recycling program, should enhance our ability to execute on compelling opportunities.”

For earnings history and earnings-related data on Brookfield Infrastructure Partners (BIP) click here.

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