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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 | 18.6% | 0.1% | -60.4% |
| 2024 | $3.7B | $2.3B | $-608M | $1.7B | 48.5% | 46.5% | -647.7% |
| 2023 | $2.5B | $2.0B | $111M | $1.1B | -27.8% | 32.7% | -89.9% |
| 2022 | $1.9B | $2.6B | $1.1B | $893M | -97.8% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 1,886 | 2,503 | 3,666 | 3,668 |
| Operating Revenue | - | 1,857 | 2,465 | 3,629 | 3,640 |
| 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 |
| Selling General And Administration | - | 69 | 67 | 75 | 80 |
| Total Expenses | - | 611 | 845 | 1,453 | 1,414 |
| Operating Income | - | 1,275 | 1,658 | 2,213 | 2,254 |
| EBITDA | - | 2,636 | 2,036 | 2,277 | 2,908 |
| Normalized EBITDA | - | 2,587 | 2,013 | 2,393 | 2,847 |
| EBIT | - | 2,425 | 1,671 | 1,502 | 2,240 |
| Interest Expense | - | 544 | 697 | 1,065 | 1,155 |
| Net Interest Income | - | -544 | -697 | -1,065 | -1,155 |
| Other Non Operating Income Expenses | - | 1,097 | 10 | -595 | -100 |
| Other Income Expense | - | 1,150 | 13 | -711 | -14 |
| Interest Expense Non Operating | - | 544 | 697 | 1,065 | 1,155 |
| Net Non Operating Interest Income Expense | - | -544 | -697 | -1,065 | -1,155 |
| Pretax Income | - | 1,881 | 974 | 437 | 1,085 |
| Tax Provision | - | 262 | 368 | 365 | 385 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 6.83 | 8.69 | -39.44 | 21.65 |
| Net Income Continuous Operations | - | 1,619 | 606 | 72 | 700 |
| Net Income From Continuing And Discontinued Operation | - | 1,094 | 111 | -608 | -241 |
| Net Income From Continuing Operation Net Minority Interest | - | 1,094 | 111 | -608 | -241 |
| Net Income | - | 1,094 | 111 | -608 | -241 |
| Net Income Common Stockholders | - | 1,094 | 111 | -608 | -241 |
| Net Income Including Noncontrolling Interests | - | 1,619 | 606 | 72 | 700 |
| Normalized Income | - | 1,051.83 | 96.69 | -531.44 | -280.35 |
| Diluted NI Availto Com Stockholders | - | 1,094 | 111 | -608 | -241 |
| Basic Average Shares | - | 110.57 | 131.87 | 119.04 | 119.98 |
| Diluted Average Shares | - | 110.57 | 131.87 | 119.04 | 119.98 |
| Reconciled Depreciation | - | 211 | 365 | 775 | 668 |
| Reconciled Cost Of Revenue | - | 542 | 778 | 1,378 | 1,334 |
| Total Unusual Items | - | 49 | 23 | -116 | 61 |
| Total Unusual Items Excluding Goodwill | - | 49 | 23 | -116 | 61 |
| Minority Interests | - | -525 | -495 | -680 | -941 |
| Gain On Sale Of Security | - | 49 | 23 | -116 | 61 |
| General And Administrative Expense | - | 69 | 67 | 75 | 80 |
| Other Gand A | - | 69 | 67 | 75 | 80 |
| Earnings From Equity Interest | - | 4 | -20 | 0 | 25 |
Utilities sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Brookfield Infrastructure Corporationthis co. | BIPC | $5.1B | - | - | 18.6% | 6.17 |
| Southwest Gas Holdings, Inc. | SWX | $6.3B | 14.34 | 1.59 | 11.1% | 10.69 |
| Portland General Electric Company | POR | $5.7B | 18.79 | 1.39 | 7.4% | 9.09 |
| New Jersey Resources Corporation | NJR | $5.5B | 16.42 | 2.30 | 14.0% | 12.47 |
| Black Hills Corporation |
| 2021 | - | - | - | - | - | - | - |
| BKH |
| $5.5B |
| 18.77 |
| 1.43 |
| 7.6% |
| 11.98 |
| Fluence Energy, Inc. | FLNC | $5.0B | -103.57 | 11.65 | -11.2% | -276.81 |
| ONE Gas, Inc. | OGS | $4.9B | 18.36 | 1.41 | 7.7% | 10.51 |
| Spire Inc. | SR | $4.8B | 17.65 | 1.52 | 8.6% | 11.95 |
| NorthWestern Energy Group, Inc. | NWE | $4.3B | 23.64 | 1.48 | 6.3% | 13.13 |
| Peer Median | - | 18.00 | 1.50 | 7.7% | 11.32 | |