Brookfield Infrastructure Partners (BIP) Tops Q2 EPS by 77c
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Brookfield Infrastructure Reports Second Quarter 2016 Results
August 3, 2016 6:53 AM EDTBROOKFIELD, NEWS -- (Marketwired) -- 08/03/16 -- Brookfield Infrastructure (NYSE: BIP)(TSX: BIP.UN) today announced its results for the second quarter ended June 30, 2016.
Three Months Ended Six Months Ended June 30 June 30 ------------------------------------------------------ US$ millions (except per unit amounts), unaudited 2016 2015 2016 2015 ---------------------------------------------------------------------------- Net income(1) $ 156 $ 18 $ 234 $ 150 - per unit(2) $ 0.59 $ 0.01 $ 0.84 $ 0.55 FFO(3) $ 230 $ 208 $ 464 $ 394 - per unit(4) $ 1.00 $ 0.91 $ 2.02 $ 1.80 ---------------------------------------------------------------------------- ----------------------------------------------------------------------------Brookfield Infrastructure reported net income for the quarter of $156 million ($0.59 per unit) compared to $18 million ($0.01 per unit) in the prior year. The increase in net income is attributable to higher earnings generated predominantly... More
