Brookfield Infrastructure posts Q1 loss on unrealized hedge losses in midstream unit

Brookfield Infrastructure

29/04/2026 12:10

Overview

Infrastructure operator's Q1 revenue rose 17% yr/yr, FFO per unit up 10%

Company posted Q1 net loss, citing unrealized hedge losses in midstream segment

Quarterly distribution raised 6% yr/yr to $0.455 per unit

Outlook

Company expects to benefit from higher commodity prices as hedges settle during 2026

Brookfield Infrastructure has secured $1 bln in capital recycling proceeds toward its 2026 goal

Company may expand Bloom Energy partnership platform in coming months due to strong demand

Result Drivers

DATA SEGMENT GROWTH - FFO from data segment rose 46% yr/yr, driven by the U.S. bulk fiber network acquisition and organic growth in data storage and data center commissioning

MIDSTREAM PERFORMANCE - FFO from midstream segment rose 12% yr/yr, reflecting attractive commodity pricing, strong asset utilization, and robust customer activity

UNREALIZED HEDGE LOSSES - Q1 net loss was driven by unrealized hedge losses in the midstream segment due to elevated commodity prices, which management expects to reverse as hedges settle

Company press release: ID:nGNXcgGrN

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
$6.30 bln
Q1 Net Income
-$61 mln
Q1 FFO
$709 mln
Q1 FFO Per Share
$0.90


Analyst Coverage

The one available analyst rating on the shares is "sell"

The average consensus recommendation for the natural gas utilities peer group is "buy."

Wall Street's median 12-month price target for Brookfield Infrastructure Corp is $45.00, about 13.1% above its April 28 closing price of $39.78

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)