Brookfield Infrastructure Partners reported Q1 FFO of 90 cents, topping estimates, as analysts raised price targets amid strong operational growth.
Brookfield Infrastructure Partners (NYSE:BIP) posted first-quarter funds from operations of 90 cents per share, exceeding the 89-cent consensus estimate. The company cited strong operational performance across its utilities, transport, and data segments, though unrealized hedge losses in midstream offset gains due to elevated commodity prices.
CIBC raised its price target on BIP to $45 from $44 on May 26, 2026, maintaining an Outperformer rating, while Morgan Stanley lifted its target to $46 from $45 on May 20, keeping an Overweight rating. Both firms noted potential upside in energy infrastructure guidance if market conditions persist.
CEO Sam Pollock highlighted strategic initiatives and partnerships with high-quality counterparties as key growth drivers, reinforcing the company’s expansion efforts in core sectors.