Brookfield Infrastructure Corporation Announces Results of Annual Meeting of Shareholders leaderpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from leaderpost.com Daily Mail and Mail on Sunday newspapers.
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Brookfield Infrastructure (NYSE:BIP)(NYSE:BIPC) isn t letting another potential suitor get in the way of its quest to acquire Canadian oil infrastructure company
Inter Pipeline (TSX:IPL). One day after its target agreed to merge with rival Canadian midstream company
Pembina Pipeline (NYSE:PBA), Brookfield Infrastructure launched a revised offer for Inter Pipeline.
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All financial figures are approximate and in Canadian dollars unless otherwise noted. This news release refers to adjusted earnings before interest, taxes, depreciation and amortization ( adjusted EBITDA ), and adjusted cash flow from operating activities ( adjusted cash flow ), which are financial measures that are not defined by Generally Accepted Accounting Principles ( GAAP ). For more information about these metrics, see Non-GAAP Measures herein.
CALGARY, AB, June 1, 2021 /PRNewswire/ - Pembina Pipeline Corporation (TSX: PPL) (NYSE: PBA) ( Pembina ) and Inter Pipeline Ltd. (TSX: IPL) ( Inter Pipeline ) announced today that they have entered into an arrangement agreement for Pembina to acquire all of the issued and outstanding shares of Inter Pipeline in a share-for-share transaction (the Transaction ), which values Inter Pipeline common shares at approximately $8.3 billion, or $19.45 per share, based on the closing price of Pembina s c
0.77
Brookfield reported net income for the three-month period ended March 31, 2021 of $190 million ($0.27 per unit) compared to $119 million ($0.13 per unit) in the prior year. Net income per unit more than doubled, reflecting strong organic growth and contributions from recently completed acquisitions. Current year results also benefited from favorable commodity markets and the recognition of a gain on the partial disposition of our U.S. gas pipeline. These positive factors were partially offset by lower unrealized gains recognized on our corporate hedging program relative to the prior year.
Funds from Operations (or FFO) of $431 million for the quarter increased by 20% over the same period last year as a result of strong base business growth and the contribution from new investments acquired in 2020. FFO grew organically by 8% due to inflationary tariff increases, modestly higher volumes associated with the early stages of the economic recovery, and the completion of $800 millio
Brookfield Infrastructure Encourages Inter Pipeline to Increase Transparency and Put apnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from apnews.com Daily Mail and Mail on Sunday newspapers.