Brookfield Infrastructure Partners LP
BIP—
Build a strategy around BIP
Brookfield Infrastructure Partners LP AI Insights
Informational only. Not investment advice.Snapshot
- Debt/equity of 11.6x with 59.3B net debt vs 5.4B equity - extreme leverage for infrastructure assets requiring constant refinancing[Debt to Equity]
- Tangible book value negative (-31.4B) due to 36.7B intangibles representing 295% of total equity - asset quality concern[Tangible Book Value]
- Operating margin 24.5% TTM vs industry median -10.5% - massive spread reflects monopolistic infrastructure assets[Operating Margin TTM]
Watch Triggers
- Interest Expense TTM: Exceeds 4B or >60% of operating income — Current 51% coverage ratio leaves minimal buffer; breach signals distribution cut risk
- Free Cash Flow TTM: Turns negative for 2+ quarters — 238M FCF already thin; negative FCF forces asset sales or equity dilution
- Sale of Business: Falls below 1.5B annually — Capital recycling funds acquisitions; slowdown breaks the growth model
Bull Case
22.2B revenue TTM (10x industry median) with 24.5% operating margin from regulated/contracted infrastructure generates predictable 5.5B operating cash flow
Total Revenue TTMOperating Margin TTMCash Flow TTM
Active capital recycler: 2.5B asset sales TTM funds 9.7B acquisitions, growing asset base without dilutive equity raises
Sale of BusinessPurchase of BusinessNet Business Purchase and Sale
Bear Case
FCF of 238M TTM on 22.2B revenue (1% FCF margin) after 5.3B capex - distribution sustainability depends entirely on asset sales and debt
Free Cash Flow TTMCapital Expenditure TTMTotal Debt
11.6x debt/equity with negative tangible book (-31.4B) means equity is subordinated to 62B debt - limited margin of safety
Debt to EquityTangible Book ValueTotal Debt
Bull vs Bear Balance
AI-generated sentiment analysis based on fundamental metrics and market conditions.
35%
Leverage BIP's top insights and create a custom strategy based on them in seconds. Our AI editor does it all — in one click.
Forward Thesis
Interest expense (3.4B TTM) consumes 51% of operating income - rate sensitivity is existential
1-3yhigh
- 61.9B total debt requiring ongoing refinancing
- Interest expense exceeds net income by 5x
- Operating cash flow of 5.5B barely covers interest + capex
Interest expense TTM: 3.4B vs operating income 5.5BNet income TTM only 657M after interest burdenFCF TTM just 238M after 5.3B capex
Valuation Context
Caveats
Public Strategies Rankings
See how Brookfield Infrastructure Partners LP ranks across different investment strategies.
Leverage BIP's top insights and create a custom strategy in seconds. Our AI editor does it all — in one click.
BIP Fundamentals
Public Administration → Administration of Economic Programs
| Metric | Value | YoY Growth | Industry Percentile |
|---|---|---|---|
$16.83B | — | ||
$76.14B | — | ||
54 | — | ||
$22.24B | +8.1% | — | |
$0.67 | — | ||
24.6% | +0.7% | — | |
2.95% | +2.2% | — | |
$238.0M | +255.2% | — | |
12.0% | +9.5% | — | |
Beta 5Y (Monthly) | unknown | — |
BIP Dividend History
73 dividends
2026
$0.455002/27/26$0.4550
2025
$1.720011/28/25$0.4300
08/29/25$0.4300
05/30/25$0.4300
02/28/25$0.4300
2024
$1.620011/29/24$0.4050
08/30/24$0.4050
05/31/24$0.4050
02/28/24$0.4050
2023
$1.530011/29/23$0.3825
08/30/23$0.3825
05/30/23$0.3825
02/27/23$0.3825
2022
$1.620011/29/22$0.3600
08/30/22$0.3600
05/27/22$0.5400
02/25/22$0.3600
2021
$1.360011/29/21$0.3400
08/30/21$0.3400
05/27/21$0.3400
02/25/21$0.3400
2020
$1.328311/27/20$0.3233
08/28/20$0.3233
05/28/20$0.3233
02/27/20$0.3583
2019
$1.340011/27/19$0.3350
08/29/19$0.3350
05/30/19$0.3350
02/27/19$0.3350
2018
$1.253311/29/18$0.3133
08/30/18$0.3133
05/30/18$0.3133
02/27/18$0.3133
2017
$1.160011/29/17$0.2900
08/29/17$0.2900
05/26/17$0.2900
02/24/17$0.2900
2016
$1.160011/28/16$0.2600
08/29/16$0.3933
05/26/16$0.2533
02/25/16$0.2533
2015
$0.942211/25/15$0.2356
08/27/15$0.2356
05/27/15$0.2356
02/25/15$0.2356
2014
$0.853311/26/14$0.2133
08/27/14$0.2133
05/28/14$0.2133
02/26/14$0.2133
2013
$0.764411/26/13$0.1911
08/28/13$0.1911
05/29/13$0.1911
02/26/13$0.1911
2012
$0.666711/28/12$0.1667
08/29/12$0.1667
05/29/12$0.1667
02/27/12$0.1667
2011
$0.586711/28/11$0.1556
08/29/11$0.1556
05/26/11$0.1378
02/24/11$0.1378
2010
$0.488911/26/10$0.1222
08/27/10$0.1222
05/26/10$0.1222
02/24/10$0.1222
2009
$0.471111/25/09$0.1178
08/27/09$0.1178
05/27/09$0.1178
02/25/09$0.1178
2008
$0.392511/25/08$0.1178
08/27/08$0.1178
05/28/08$0.1178
02/27/08$0.0392
BIP Stock Splits
2 stock splits
06/13/222:3 split
09/15/162:3 split
BIP SEC Filings
| Filing Date | Report Date | Report Type | Filing Link |
|---|---|---|---|
11/14/25 | 09/30/25 | 6-K | |
11/07/25 | 09/30/25 | 6-K | |
07/31/25 | 06/30/25 | 6-K | |
08/07/25 | 06/30/25 | 6-K | |
05/09/25 | 03/31/25 | 6-K | |
04/30/25 | 03/31/25 | 6-K | |
03/24/25 | 12/31/24 | 20-F | |
11/13/24 | 09/30/24 | 6-K | |
08/09/24 | 06/30/24 | 6-K | |
05/13/24 | 03/31/24 | 6-K | |
03/18/24 | 12/31/23 | 20-F | |
11/14/23 | 09/30/23 | 6-K | |
08/11/23 | 06/30/23 | 6-K | |
05/10/23 | 03/31/23 | 6-K | |
03/17/23 | 12/31/22 | 20-F | |
11/14/22 | 09/30/22 | 6-K | |
08/12/22 | 06/30/22 | 6-K | |
05/11/22 | 03/31/22 | 6-K | |
03/09/22 | 12/31/21 | 20-F | |
11/05/21 | 09/30/21 | 6-K | |
08/09/21 | 06/30/21 | 6-K | |
05/07/21 | 03/31/21 | 6-K | |
03/18/21 | 12/31/20 | 20-F | |
11/10/20 | 09/30/20 | 6-K | |
08/13/20 | 06/30/20 | 6-K | |
05/13/20 | 03/31/20 | 6-K | |
02/28/20 | 12/31/19 | 20-F | |
11/12/19 | 09/30/19 | 6-K | |
08/13/19 | 06/30/19 | 6-K | |
05/14/19 | 03/31/19 | 6-K | |
02/28/19 | 12/31/18 | 20-F | |
11/14/18 | 09/30/18 | 6-K | |
08/13/18 | 06/30/18 | 6-K | |
05/14/18 | 03/31/18 | 6-K | |
03/14/18 | 12/31/17 | 20-F | |
11/09/17 | 09/30/17 | 6-K | |
08/14/17 | 06/30/17 | 6-K | |
05/10/17 | 03/31/17 | 6-K | |
03/07/17 | 12/31/16 | 20-F | |
11/08/16 | 09/30/16 | 6-K | |
08/12/16 | 06/30/16 | 6-K | |
05/09/16 | 03/31/16 | 6-K | |
02/29/16 | 12/31/15 | 20-F | |
11/12/15 | 09/30/15 | 6-K | |
10/02/15 | 06/30/15 | 6-K | |
05/08/15 | 03/31/15 | 6-K | |
03/18/15 | 12/31/14 | 20-F | |
11/07/14 | 09/30/14 | 6-K | |
08/07/15 | 06/30/14 | 6-K | |
08/14/14 | 06/30/14 | 6-K | |
05/14/14 | 03/31/14 | 6-K | |
03/28/14 | 12/31/13 | 20-F | |
11/14/13 | 09/30/13 | 6-K | |
08/14/13 | 06/30/13 | 6-K | |
05/15/13 | 03/31/13 | Quarterly | -- |
04/30/13 | 12/31/12 | 20-F | |
11/14/12 | 09/30/12 | 6-K | |
08/14/12 | 06/30/12 | 6-K | |
05/18/12 | 03/31/12 | 6-K | |
05/15/13 | 03/31/12 | 6-K | |
04/27/12 | 12/31/11 | 20-F | |
11/15/11 | 09/30/11 | 6-K | |
08/18/11 | 06/30/11 | 6-K | |
05/27/11 | 03/31/11 | 6-K | |
04/26/11 | 12/31/10 | 20-F | |
11/19/10 | 09/30/10 | 6-K | |
08/20/10 | 06/30/10 | 6-K | |
08/20/10 | 03/31/10 | 6-K | |
06/01/10 | 12/31/09 | 20-F | |
02/12/10 | 09/30/09 | 6-K | |
08/21/09 | 06/30/09 | 6-K | |
05/14/09 | 03/31/09 | 6-K | |
04/30/09 | 12/31/08 | 20-F | |
09/30/08 | 09/30/08 | Unknown | -- |
06/30/08 | 06/30/08 | 6-K | |
03/31/08 | 03/30/08 | Unknown | -- |
06/30/08 | 12/31/07 | 20-F | |
12/12/08 | 09/30/07 | 6-KQ | |
12/12/08 | 06/30/07 | 6-KQ | |
12/12/08 | 03/30/07 | 6-KQ |