Brookfield Infrastructure Reports Strong 2024 Year-End Results & Declares 16th Consecutive Distribution Increase

Core Insights - Brookfield Infrastructure Partners reported strong financial results for the year ended December 31, 2024, with a net income of $391 million, down from$432 million in 2023, and funds from operations (FFO) of $2.5 billion, an increase of approximately 8$2,468 million for 2024, reflecting an organic growth of 7%, driven by elevated inflation, stronger volumes across infrastructure networks, and the commissioning of over $1 billion in new capital projects [3][4]. - The utilities segment reported FFO of$760 million, down from $879 million in 2023, primarily due to asset sales and currency impacts [4]. - The transport segment saw a significant increase in FFO to$1,224 million, nearly 40% higher than the previous year, attributed to acquisitions and increased volumes [5][6]. - The midstream segment generated FFO of $625 million, an 11$684 million in the prior year due to capital recycling activities [7]. - The data segment reported FFO of $333 million, a 21$2 billion in capital recycling proceeds in 2024 and anticipates delivering $5-6 billion in asset sale proceeds over the next two years, supported by increased investor interest in high-quality infrastructure assets [9][11]. - Recent asset sales included a fiber platform in France generating approximately$100 million and a Mexican natural gas pipeline expected to yield around $500 million [10]. Distribution and Dividend - The Board of Directors declared a quarterly distribution of$0.43 per unit, representing a 6% increase compared to the prior year, payable on March 31, 2025 [12][41].