Brookfield Infrastructure's Q3 2023 Performance Revealed
Brookfield Infrastructure Partners reported its financial results for the third quarter of 2023, with net income of $104 million compared to $113 million in the prior year. The company's funds from operations (FFO) increased by 7% to $560 million. The utilities segment saw a 17% increase in FFO, while the transport segment had a 7% increase. The midstream segment experienced a 5% decrease in FFO, and the data segment had a 10% increase. Brookfield Infrastructure also provided updates on its strategic initiatives, including the completion of the take-private of Triton and the acquisition of data centers from Cyxtera. The company declared a quarterly distribution of $0.3825 per unit, representing a 6% increase compared to the prior year.