Brookfield Infrastructure Partners (TSE:BIP.UN) Announces Quarterly Earnings Results

Brookfield Infrastructure Partners (TSE:BIP.UN) (NYSE:BIP) released its earnings results on Thursday. The company reported C$0.61 EPS for the quarter, FiscalAI reports. The business had revenue of C$8.32 billion for the quarter. Brookfield Infrastructure Partners had a negative net margin of 0.09% and a positive return on equity of 5.21%.

Brookfield Infrastructure Partners Price Performance

Shares of Brookfield Infrastructure Partners stock traded up C$0.35 during mid-day trading on Thursday, reaching C$48.20. 183,912 shares of the stock were exchanged, compared to its average volume of 370,933. The company has a market cap of C$22.35 billion, a price-to-earnings ratio of 71.94, a price-to-earnings-growth ratio of -2.12 and a beta of 1.88. Brookfield Infrastructure Partners has a fifty-two week low of C$36.61 and a fifty-two week high of C$51.01. The firm has a 50-day simple moving average of C$48.32 and a 200 day simple moving average of C$46.24. The company has a current ratio of 0.81, a quick ratio of 0.45 and a debt-to-equity ratio of 180.01.

About Brookfield Infrastructure Partners

Brookfield Infrastructure Partners LP is a Bermuda exempted limited partnership that owns and operates quality, long-life assets that generate stable cash flows, by virtue of barriers to entry or other characteristics tend to appreciate in value over time. It focuses on acquiring infrastructure assets that have low maintenance capital costs and high barriers to entry. The company’s segments consist of Utilities, Transport, Midstream, and Data. Geographically, it generates maximum revenue from Brazil and also has a presence in Australia, Colombia, United Kingdom, Canada, United States of America, Chile, Peru, India, and other countries.