Quarterly ResultMay 8, 2026, 05:32 PM
Brookfield Infrastructure Q1 Net Income $36M, Down from $762M YoY
AI Summary
Brookfield Infrastructure Corporation reported a significant decline in Q1 2026 net income to $36M, down from $762M in Q1 2025, primarily due to an $85M expense from the remeasurement of financial liability associated with exchangeable shares, contrasting with a $307M income in the prior year. Revenues also decreased to $884M from $929M year-over-year, and the company recorded a comprehensive loss of $49M. Cash from operating activities also saw a decline, while the company raised $139M in net proceeds from its ATM program.
Key Highlights
- Net income for Q1 2026 was $36M, a significant decrease from $762M in Q1 2025.
- Revenues for Q1 2026 were $884M, down from $929M in Q1 2025.
- Comprehensive loss for Q1 2026 was $49M, compared to comprehensive income of $751M in Q1 2025.
- Cash from operating activities decreased to $183M in Q1 2026 from $243M in Q1 2025.
- Remeasurement of financial liability associated with exchangeable shares resulted in an $85M expense in Q1 2026, versus a $307M income in Q1 2025.
- Issued 2,982,920 BIPC exchangeable shares for $139M net proceeds under its "at the market" program.
- Non-recourse borrowings increased to $13,341M as of March 31, 2026, from $13,169M at December 31, 2025.
- Dividends paid on exchangeable and class A.2 shares totaled $61M in Q1 2026.
Price Impact
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