# Brookfield Infrastructure Partners L.P. (BIP)

> Source: Nexqual · https://nexqual.com/BIP · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Brookfield Infrastructure Partners L.P. (BIP), nexqual.com/BIP" · informational, not investment advice.

**Price:** USD 37.29 (+2.53% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 36.37 · day 36.42–37.37 · 52w 33.21–44.04 · market cap $29.5B · NYQ

## Key facts
- Insider open-market purchases, last ~7 months: 1 Form 4 filing, $55K; 0 by opportunistic insiders, 0 by routine insiders.
- Analysts: Buy (mean 1.91 on a 1–5 scale) (11 analysts), mean target USD 46.6 (range 41–57).
- Total return with dividends: 1Y +12.4% vs S&P 500 +14.9%; 5Y +20.8% vs S&P 500 +80.3%.
- Next earnings: 2026-11-06, EPS estimate USD 0.11, revenue estimate $2.20B.

## Insider purchases (SEC Form 4, open-market, last ~7 months)
1 purchase, $55K. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-05-01 | Krant David Tyler | Chief Financial Officer | 1,150 | $55K | 48.1 | Too little history (no open-market trades in 2023–2025) |
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Analysts
Consensus Buy (mean 1.91 on a 1–5 scale), 11 analysts; mean target USD 46.6 (low 41, high 57).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-22 | CIBC | Target lowered | Outperformer | $47 → $44 |
| 2026-10-13 | Morgan Stanley | Target lowered | Overweight | $50 → $48 |
| 2026-08-03 | Citigroup | Target raised | Neutral | $37 → $41 |
| 2026-07-31 | CIBC | Target raised | Outperformer | $45 → $47 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +12.4% | +20.8% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +12.5% | +3.8% |
| Volatility (annualized) | 21.9% | 27.3% |
| Max drawdown | -18.2% (Jul 2026→Sep 2026) | -49.3% (Mar 2022→Oct 2023) |

## Peers (Utilities - Diversified)
SRE (DBA Sempra) USD 84.77 +1.52% · AES (The AES Corporation) USD 14.97 -0.00% · AQN (Algonquin Power & Utilities Cor) USD 5.45 +2.64% · AVA (Avista Corporation) USD 37.74 +2.22% · UTL (UNITIL Corporation) USD 55.06 +2.76%

## More
Full page: https://nexqual.com/BIP · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in BIP's own 20-F filed 2026-03-17 (https://www.sec.gov/Archives/edgar/data/1406234/000140623426000002/bip-20251231.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Supplier | Intel (INTC) | "Our semiconductor manufacturing facilities in the United States consist of two large-scale fabrication foundries in Arizona in partnership with Intel Corporation ("Intel"), one of the largest global semiconductor compani…" |
| Partner | Brookfield Infrastructure Corp (BIPC) | "Unless the context requires otherwise, when used in this annual report on Form 20-F, the terms "Brookfield Infrastructure", "we", "us" and "our" refer to Brookfield Infrastructure Partners L.P., collectively with the Hol…" |
| Partner | Bermuda | "Our partnership, Brookfield Infrastructure Partners L.P., is a Bermuda exempted limited partnership that was established on May 21, 2007 under the provisions of the Bermuda Exempted Partnership Act of 1992 ("Bermuda Exem…" |
| Partner | Class A Preferred | "A portion of the proceeds of the Perpetual Subordinated Notes was used to redeem our Class A Preferred Limited Partnership Units, Series 7 on March 31, 2022, and the remainder for working capital purposes." |
| Partner | Preferred Units and Our | "Unitholders and preferred unitholders only have a right to vote under limited circumstances as described in Item 10.B "Memorandum and Articles of Association—Description of Our Units, Preferred Units and Our Limited Part…" |
| Partner | Computershare | "The 2021 Alberta Finco Notes were issued pursuant to the first supplemental indenture, dated as of May 24, 2021, to the indenture, as of May 24, 2021 by and among Alberta Finco, our partnership, the other Group A Guarant…" |
| Partner | No | "No brokerage commissions are payable in connection with the purchase of our units under the distribution reinvestment plan and all administrative costs are borne by our partnership." |
| Partner | Brookfield Infrastructure US Holdings I | "In addition, Holding LP, Bermuda Holdco (in the case of debt securities issued by Alberta Finco), Alberta Finco (in the case of debt securities issued by Bermuda Holdco), Brookfield Infrastructure Holdings (Canada) Inc. …" |
| Partner | GATX CORP (GATX) | "The fleet includes a broad mix of freight car types and the majority of the portfolio is jointly owned and operated in partnership with GATX, an industry-leading lessor with over 125 years of operating experience." |
| Partner | Brookfield Wealth Solutions Ltd. (BNT) | "Brookfield currently manages, and expects in the future to manage, one or more Brookfield Accounts that include insurance- and reinsurance-related capital (including, for the avoidance of doubt, Brookfield Wealth Solutio…" |
| Partner | Brookfield Investments | "Our partnership exercised its right of first refusal in respect of all such Redeemable Partnership Units and issued 3,287,267 units to Brookfield Investments Corporation in full satisfaction of such redemption request." |
| Partner | Amended and Restated | "2.Amended and Restated Limited Partnership Agreement of our partnership, as amended from time to time, described under Item 10.B. "Description of our Units, Preferred Units and our Limited Partnership Agreement";" |
| Partner | Inter Pipeline | "•"BIPC Exchangeable LP Units" are to the exchangeable units of BIPC Exchange LP, which were issued in connection with the acquisition by our partnership and our institutional partners of Inter Pipeline Ltd. ("IPL", "Inte…" |

Other companies that name BIP in their own reports (relationship from BIP's side):

| Relationship | Company | Their filing | Sentence |
|---|---|---|---|
| partner | Brookfield Business Partners L.P. (BBUC) | 20-F 2026-03-31 | "If Brookfield determines that an opportunity is not suitable or appropriate for us, it may still pursue such opportunity on its own behalf, or on behalf of a Brookfield-sponsored vehicle, consortium o…" |
| partner | Brookfield Infrastructure Corp (BIPC) | 20-F 2026-03-17 | "•the "partnership" are to Brookfield Infrastructure Partners L.P.;" |
| partner | GATX CORP (GATX) | 10-K 2026-02-19 | "On May 29, 2025, GATX entered into a definitive agreement to acquire railcars from Wells Fargo Bank, N.A. ("Wells Fargo") through a newly formed joint venture ("GABX" or the "GABX joint venture") with…" |
| supplier | DIGITAL REALTY TRUST, INC. (DLR) | 10-K 2026-02-13 | "The sale was completed subsequent to Brookfield's November 2023 acquisition of one of our customers, Cyxtera Technologies." |

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.11 | $0.29 | -61.7% | $2.20B | 2 |
| Next quarter (ends 2026-12-31) | $0.12 | $0.30 | -60.5% | $2.24B | 2 |
| Current fiscal year (ends 2026-12-31) | $0.57 | $1.00 | -43.4% | $21.45B | 4 |
| Next fiscal year (ends 2027-12-31) | $1.45 | $1.25 | +16.6% | $18.14B | 3 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-11-20 (includes earnings 2026-11-06): ±8.1%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 26.1% | ±8.1% |
| 2026-12-18 | 56 | 24.5% | ±9.1% |
| 2027-03-19 | 147 | 23.0% | ±12.2% |
| 2027-06-17 | 237 | 27.3% | ±17.4% |