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Brookfield Infrastructure Corporation, together with its subsidiaries, owns and operates utility investments in Brazil, the United Kingdom, and internationally. It also engages in the regulated gas and electricity business; and operation of regulated natural gas transmission systems. The company operates approximately 2,000 kilometers of natural gas transportation pipelines in the states of Rio de Janeiro, Sao Paulo, and Minas Gerais, Brazil; gas and electricity connections in the United Kingdom; and a global fleet of twenty-foot equivalent units intermodal containers under long-term contracts. The company was incorporated in 2019 and is headquartered in New York, New York. Brookfield Infrastructure Corporation operates as a subsidiary of Brookfield Infrastructure Partners L.P.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $3.7B | $2.9B | $-241M | $1.6B | -12.0% | 0.1% | - |
| 2024 | $3.7B | $2.3B | $-608M | $1.7B | -27.4% | 46.5% | -647.7% |
| 2023 | $2.5B | $2.0B | $111M | $1.1B | 2.7% | 32.7% | -89.9% |
| 2022 | $1.9B | $2.6B | $1.1B | $893M | -303.0% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 1,886 | 2,503 | 3,666 | 3,668 |
| Cost Of Revenue | 542 | 778 | 1,378 | 1,334 |
| Gross Profit | 1,344 | 1,725 | 2,288 | 2,334 |
| Operating Expense | 69 | 67 | 75 | 80 |
| Operating Income | 1,275 | 1,658 | 2,213 | 2,254 |
| EBITDA | 2,636 | 2,036 | 2,277 | 2,908 |
| EBIT | 2,425 | 1,671 | 1,502 | 2,240 |
| Pretax Income | 1,881 | 974 | 437 | 1,085 |
| Tax Provision | 262 | 368 | 365 | 385 |
| Net Income | 1,094 | 111 | -608 | -241 |
| Net Income Common Stockholders | 1,094 | 111 | -608 | -241 |
| Total Expenses | 611 | 845 | 1,453 | 1,414 |
| Interest Expense | 544 | 697 | 1,065 | 1,155 |
| Selling General And Administration | 69 | 67 | 75 | 80 |
| Normalized EBITDA | 2,587 | 2,013 | 2,393 | 2,847 |
| Normalized Income | 1,051.83 | 96.69 | -531.44 | -280.35 |
| Basic EPS | 9.89 | 0.84 | -5.11 | -2.01 |
| Diluted EPS | 9.89 | 0.84 | -5.11 | -2.01 |
| Tax Effect Of Unusual Items | 6.83 | 8.69 | -39.44 | 21.65 |
| Tax Rate For Calcs | 0.14 | 0.38 | 0.34 | 0.35 |
| Total Unusual Items | 49 | 23 | -116 | 61 |
| Total Unusual Items Excluding Goodwill | 49 | 23 | -116 | 61 |
| Net Income From Continuing Operation Net Minority Interest | 1,094 | 111 | -608 | -241 |
| Reconciled Depreciation | 211 | 365 | 775 | 668 |
| Reconciled Cost Of Revenue | 542 | 778 | 1,378 | 1,334 |
| Net Interest Income | -544 | -697 | -1,065 | -1,155 |
| Net Income From Continuing And Discontinued Operation | 1,094 | 111 | -608 | -241 |
| Diluted Average Shares | 110.57 | 131.87 | 119.04 | 119.98 |
| Basic Average Shares | 110.57 | 131.87 | 119.04 | 119.98 |
| Diluted NI Availto Com Stockholders | 1,094 | 111 | -608 | -241 |
| Minority Interests | -525 | -495 | -680 | -941 |
| Net Income Including Noncontrolling Interests | 1,619 | 606 | 72 | 700 |
| Net Income Continuous Operations | 1,619 | 606 | 72 | 700 |
| Other Income Expense | 1,150 | 13 | -711 | -14 |
| Other Non Operating Income Expenses | 1,097 | 10 | -595 | -100 |
| Earnings From Equity Interest | 4 | -20 | 0 | 25 |
| Gain On Sale Of Security | 49 | 23 | -116 | 61 |
| Net Non Operating Interest Income Expense | -544 | -697 | -1,065 | -1,155 |
| Interest Expense Non Operating | 544 | 697 | 1,065 | 1,155 |
| General And Administrative Expense | 69 | 67 | 75 | 80 |
| Other Gand A | 69 | 67 | 75 | 80 |
| Operating Revenue | 1,857 | 2,465 | 3,629 | 3,640 |
Utilities sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Brookfield Infrastructure Corporationthis co. | BIPC | $4.3B | - | -3.28 | -12.0% | 7.01 |
| TXNM Energy, Inc. | TXNM | $6.5B | 39.77 | 1.88 | 4.4% | 14.10 |
| Portland General Electric Company | POR | $5.9B | 18.43 | 1.43 | 7.4% | 9.72 |
| Black Hills Corporation | BKH | $5.7B | 18.67 | 1.47 | 7.5% | 12.50 |
| New Jersey Resources Corporation |
| NJR |
| $5.6B |
| 17.15 |
| 2.26 |
| 14.0% |
| 13.89 |
| ONE Gas, Inc. | OGS | $5.5B | 20.05 | 1.60 | 7.7% | 11.43 |
| Spire Inc. | SR | $5.3B | 19.63 | 1.66 | 8.0% | 12.48 |
| Centuri Holdings, Inc. | CTRI | $3.5B | 140.72 | 4.06 | 2.5% | 18.21 |
| Fluence Energy, Inc. | FLNC | $2.2B | - | 4.03 | -8.8% | -65.79 |
| Peer Median | - | 19.63 | 1.77 | 7.4% | 12.49 | |