Brookfield Infrastructure Corporation (BIPC)
Brookfield Infrastructure Corporation operates in the Regulated Gas industry of the Utilities sector, headquartered in New York City, NY, US. The stock last traded at $40.04, up 0.15% on the session, giving a market capitalisation of $4.92B. On trailing twelve-month figures it carries a trailing P/E of -14.25, a net margin of -9.5%. Its beta of 1.31 implies it has historically moved more than the broad market.
Brookfield Infrastructure Corporation (BIPC), in conjunction with its subsidiary companies, primarily engages in the ownership and operation of essential infrastructure assets globally. The company manages regulated natural gas transmission systems in Brazil, operating an approximate 2,000-kilometer network of pipelines that span the states of Rio de Janeiro, Sao Paulo, and Minas Gerais. Expanding its international presence, BIPC also oversees regulated gas and electricity distribution operations across the United Kingdom. Furthermore, its Australian operations are comprehensive, covering both electricity transmission and distribution, as well as gas distribution services. In Australia, the firm provides services to roughly 3.9 million gas and electricity connections, supported by an expansive 61,000-kilometer infrastructure of active electricity transmission and distribution lines. Established in 2019, Brookfield Infrastructure Corporation is headquartered in New York, New York, and functions as a subsidiary of Brookfield Infrastructure Partners L.P.
Brookfield Infrastructure Corporation is most often compared with the following Utilities names: