Brookfield Infrastructure Partners (BIP) Posts Q3 FFO of 68c/Unit
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Brookfield Infrastructure Reports Third Quarter 2016 Results
November 4, 2016 7:00 AM EDTBROOKFIELD, NEWS -- (Marketwired) -- 11/04/16 -- Brookfield Infrastructure (NYSE: BIP)(TSX: BIP.UN) today announced its results for the third quarter ended September 30, 2016.
Three Months Ended Nine Months Ended September 30 September 30 ---------------------------------------- US$ millions (except per unit amounts), unaudited 2016 2015 2016 2015 ---------------------------------------------------------------------------- Net income(1) $ 78 $ 123 $ 312 $ 273 - per unit(2) $ 0.16 $ 0.31 $ 0.73 $ 0.67 FFO(3) $ 235 $ 210 $ 699 $ 604 - per unit(4) $ 0.68 $ 0.61 $ 2.02 $ 1.80 ---------------------------------------------------------------------------- ----------------------------------------------------------------------------Brookfield Infrastructure reported net income for the quarter of $78 million ($0.16 per unit) compared to $123 million ($0.31 per unit) in the prior year as higher earnings generated by the business were offset by movements in fair value... More
