US$0.20 (vs US$2.67 loss in 1Q 2023)

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Brookfield Infrastructure (NYSE:BIPC) First Quarter 2024 Results

Key Financial Results

  • Revenue: US$902.0m (up 82% from 1Q 2023).

  • Net income: US$28.0m (up from US$301.0m loss in 1Q 2023).

  • Profit margin: 3.1% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue.

  • EPS: US$0.20 (up from US$2.67 loss in 1Q 2023).

earnings-and-revenue-history

All figures shown in the chart above are for the trailing 12 month (TTM) period

Brookfield Infrastructure Earnings Insights

Looking ahead, revenue is forecast to grow 19% pa on average during the next 3 years, compared to an 8.3% growth forecast for the Gas Utilities industry in the US.

Performance of the American Gas Utilities industry.

The company’s shares are up 2.7% from a week ago.

Risk Analysis

Be aware that Brookfield Infrastructure is showing 4 warning signs in our investment analysis and 1 of those can’t be ignored…

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take into account your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

The article is in Norwegian

Tags: US0 .20 US2 .67 loss

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