2021 distributions increased by 5% - 12th consecutive annual increase
/EIN News/ BROOKFIELD, NEWS, Feb. 03, 2021 (GLOBE NEWSWIRE) Brookfield Infrastructure (NYSE: BIP; TSX: BIP.UN) today announced its results for the fourth quarter ended December 31, 2020.
“2020 provided a unique backdrop to showcase the resilience and strength of our business,” said Sam Pollock, Chief Executive Officer of Brookfield Infrastructure. “We were also able to invest in high quality assets that were immediately accretive to our results. We are beginning 2021 with a robust liquidity position which will allow us to pursue attractive opportunities and convert them into meaningful investments.”
December 31,
Brookfield reported net income for the year of $394 million ($0.35 per unit) compared to $233 million ($0.06 per unit) in the prior year. Net income for the year benefited from organic growth across our regulated and contracted operations, contributions from recently completed acqu
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Industry Focus: Energy, we re continuing our theme week on Top Stocks for 2021 with Motley Fool contributor Jason Hall and host Nick Sciple, each sharing two of their favorite stocks for 2021. Find out what the growth opportunities are for these companies, what the challenges are, and why they are a good buy at the moment.
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Matthew is a senior energy and materials specialist with The Motley Fool. He graduated from Liberty University with a degree in Biblical Studies and a Masters of Business Administration. You can follow him on Twitter for the latest news and analysis of the energy and materials industries: Follow @matthewdilallo
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