Brookfield Infrastructure Partners (BIP) reported Q2 earnings Thursday, highlighting growth across its utilities, transport, midstream and data businesses, supported by capacity additions and new customer contracts.
In Q2 2026, the company commissioned about 60 megawatts of contracted capacity across its global hyperscale data center portfolio and signed additional leases representing about 100 MW of capacity.
Brookfield expanded its utilities business as the connections base at its UK regulated distribution operation grew 9% over the year.
The company also signed an agreement to deploy about 500,000 smart meters in Australia over the next three years, a project expected to contribute about AU$25 million ($17.6 million) in annual EBITDA.
Brookfield also renewed a 15-year agreement with one of the largest customers at its Canadian natural gas gathering and processing business, securing 10% of processing capacity under a long-term take-or-pay contract worth about $70 million in annual revenue.
The company deployed about $1.2 billion of growth capital during the quarter to expand its utilities, transport, midstream and data businesses.
Brookfield also expanded its partnership with Bloom Energy (BE) to $25 billion and increased total capital committed under the framework to $2 billion, with BIP's prospective share at about $80 million.
Brookfield ended the quarter with about $1.4 billion of utilities projects scheduled for commissioning into rate base over the next two to three years, led by about $860 million at its UK regulated distribution business.
The company also expects to commission about $835 million of transport projects and $237 million of midstream capacity expansion projects.
Brookfield also approved two densification projects at existing US colocation data centers to support high-density computing and artificial intelligence workloads.
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