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Commodities

Market Chatter: Brookfield Eyes Potential NorthRiver Deal Amid Strong Midstream Market

Brookfield Infrastructure (BIP) has begun seeking buyer interest for NorthRiver Midstream, with the Canadian pipeline operator potentially valued at about CA$7 billion ($4.99 billion), Reuters reported Friday, citing people familiar with the matter.Brookfield has asked bankers to contact potential buyers for NorthRiver, according to the report, as strong demand for energy infrastructure assets continues to lift valuations, though it could still decide to retain the business.Chief executive Sam Pollock said during Brookfield's April 29 earnings call that the company was evaluating whether to expand NorthRiver further or capitalize on favorable market conditions for midstream assets, the report said.Brookfield Infrastructure and NorthRiver Midstream did not immediately reply to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $42.02, Change: $-0.37, Percent Change: -0.87%

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Commodities

Brookfield Infrastructure Q2 Highlights Growth Across Utilities, Transport, Data Businesses

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.Price: $42.84, Change: $+0.22, Percent Change: +0.52%

$BE$BIP
Commodities

Brookfield Infrastructure Targets 10% FFO Growth in 2026 as Capital Recycling Supports Expansion, RBC Says

Brookfield Infrastructure (BIP) remains on track to deliver more than 10% FFO per unit growth in the near term, RBC Capital Markets said in a Tuesday note.Management reiterated its target for about 10% FFO per unit growth in 2026, supporting its long-term goal of 5% to 9% annual distribution growth.The company said organic initiatives are expected to contribute about 6% to 9% FFO per unit growth, supported by inflation-linked pricing, volume growth, and newly commissioned projects.Brookfield also expects its capital recycling strategy to remain a key growth driver, with capital deployment targeted at returns of about 12% to 15%.Brookfield Infrastructure secured nearly $1.0 billion of asset sale proceeds by the end of April and identified about $0.4 billion of new investment opportunities, including a $375 million equipment leasing investment and about $60 million through its Bloom Energy partnership, RBC said.Brookfield said current geopolitical and macroeconomic uncertainty has not affected its ability to execute transactions or attract investor interest in its assets.The company noted that inflation remains a tailwind, with about 85% of FFO either protected from or indexed to inflation, which could provide additional support to cash flow growth in 2027.Management continues to evaluate its proposed corporate simplification initiative, which could improve trading liquidity, increase opportunities for index inclusion, and reduce perceived complexity for investors.Brookfield said no final decision has been made on the initiative, though an update could come as early as its Q2 2026 results.RBC maintained its Outperform rating and $41 price target on Brookfield Infrastructure.Price: $38.77, Change: $-0.04, Percent Change: -0.10%

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