Brookfield Infrastructure Partners LP (BIP) is an interesting diverse utility with additional assets in railroads, coal export terminals, and timber. Current yield is 5.3% after its recent distribution increase. Structured as a master limited partnership (MLP), Brookfield Infrastructure Partners is managed by Brookfield Asset Managers (BAM) and Bruce Flatt. BAM owns 30% of BIP outstanding units.
Over 75% of cash flow is generated from regulated utilities or from long-term contracts. For example, BIP owns the local regulated gas utility serving Chicago and Northern Indiana, along with facilities that store about 7% of US domestic natural gas inventories. BIP also owns substantial coal export terminals and shipping facilities that are fee-for-service based, utilizing multi-year agreements. Brookfield Infrastructure has assets in the U.S., South America, Europe, Asia, and Australia, with a focus on the U.S., Chile, and Australia.
The company reports three segments of its business: Utilities (Funds from Operations $187 million,
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Joss Stone Majandra Delfino Maria Bello Jennifer Gareis Ashlee Simpson
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