brookfield q1 2023 earnings

And in the last few years, we've been very proud of our activity. Market Cap. An investment in Class A Shares of our company is intended to be, as nearly as practicable, functionally and economically, equivalent to an investment in the Brookfield Class A Shares. It sounds like a lot of the initiatives are expected to close in the near term. Great question, Andrew. And then, lastly, Wyatt will conclude the call by discussing our operating results and financial position. Because in terms of what is really defining that market, it's two things. Over the last. BROOKFIELD, NEWS, May 03, 2023 (GLOBE NEWSWIRE) -- Brookfield Infrastructure Partners L.P. (Brookfield Infrastructure, BIP, or the Partnership) (NYSE: BIP; TSX: BIP.UN) today announced its results for the first quarter ended March 31, 2023. So, yeah, on some of the big deals, maybe our percentage goes down a little bit, but we see very few negatives and a whole bunch of positives around that dynamic. This liquidity puts us in a strong position to support the redeployment of our investment portfolios as well as fund future growth opportunities across our life, annuity and P&C business lines, while also providing sufficient liquidity coverage for stress liability scenarios in the event they arise. Brookfield Infrastructure Reports First Quarter 2023 Results. The Motley Fool recommends Brookfield Renewable Partners. In terms of returns, we do look for a return premium given it is a growing and developing market, and we do take into account the cost of hedging the currency back to U.S. dollars. Transcript : Brookfield Infrastructure Partners L.P., Q1 2023 Earnings Call, May 03, 2023 05/03/2023 | 09:00am EDT Thank you for standing by, and welcome to the Brookfield Infrastructure Partners First Quarter 2023 Results Conference Call and Webcast. Brookfield Reinsurance Announces First Quarter Results and Declares Regular Quarterly Distribution. The consensus EPS Estimate. FFO benefited from inflation-indexation at our Brazilian regulated gas transmission business and capital commissioned into rate base, as well as higher connections activity at our U.K. regulated distribution business. 2. from $109/night. The following table summarizes FFO by segment: The utilities segment generated FFO of $208 million, an increase of 25% from the same period last year. Today, we have approximately $2 billion of corporate liquidity, with an additional $20 billion of cash and liquid assets within our insurance portfolios. Partially offsetting the strong underlying performance of our business was the normalization of market sensitive revenues, as the prior year benefited from elevated commodity prices, and the impact of asset sales. Given the economic equivalence, we expect that the market price of the Shares will be significantly impacted by the market price of BIPs units and the combined business performance of our company and BIP as a whole. We recognized $145 million of Distributable operating earnings (DOE) for the three months ended March31, 2023 compared to $13 million in the prior year period. Investors can access its portfolio either through Brookfield Infrastructure Partners L.P. (NYSE: BIP; TSX: BIP.UN), a Bermuda-based limited partnership, or Brookfield Infrastructure Corporation (NYSE, TSX: BIPC), a Canadian corporation. The Board of Directors of Brookfield Infrastructure Corporation (BIPC or our company) (NYSE, TSX: BIPC) today has declared a quarterly dividend in the amount of $0.3825 per class A exchangeable subordinate voting share of BIPC (a Share), payable on June 30, 2023 to shareholders of record as at the close of business on May31, 2023. Results also benefited from a full quarter contribution of an Australian regulated utility we acquired in February 2022. Strong performance at our North American gas storage business continued from the fourth quarter, offsetting the normalization of market sensitive revenues at our U.S. gas pipeline and diversified Canadian midstream business. Brookfield Renewable Partners (BEP) Q4 2022 Earnings Call Transcript, Brookfield Renewable Partners L.P. (BEP) Q3 2022 Earnings Call Transcript, Brookfield Renewable Partners L.P. (BEP) Q2 2022 Earnings Call Transcript, Brookfield Renewable Partners L.P. (BEP) Q1 2022 Earnings Call Transcript, 3 Unstoppable High-Yield Dividend Stocks to Boost Your Passive Income Stream, Cumulative Growth of a $10,000 Investment in Stock Advisor, Join Over Half a 1 Million Premium Members And Get More In-Depth Stock Guidance and Research, Copyright, Trademark and Patent Information. Interest rates have gone up materially, maybe 150 or 200 basis points. We actually draw a very similar parallel to the real estate world. Our balance sheet is in excellent position, and our available liquidity remains robust at almost $4 billion, providing significant flexibility to fund growth and be opportunistic in the current environment. But I'd like to particularly focus on the asset rotation strategy of X-Elio, where in the last three years, we've generated over 1 billion of equity proceeds from asset sales. Based on the positive feedback received to date, we are optimistic that the second fund will both broaden the number of institutional partnerships, as well as provide a larger pool of capital to invest alongside, positioning us to continue to execute scale transactions at very attractive risk-adjusted returns. Organic growth for the quarter was robust at 9%, reflecting the benefits of continued elevated levels of inflation on tariffs, strong volumes across our transport networks and the commissioning of approximately $1billion in new capital projects over the last twelve months. Cost basis and return based on previous market day close. Specifically, our global toll road portfolio saw traffic levels increase 3% compared to the prior year, our rail networks transported 11% more volume this year and our global ports businesses moved 5% more cargo. We also operate essential low-cost infrastructure with gross margins of over 70% that are well protected throughout the business cycle. 2. FFO further benefited from a full quarters contribution from the acquisition of our Australian regulated utility which was completed in February last year. The future performance and prospects of Brookfield Infrastructure are subject to a number of known and unknown risks and uncertainties. Results will be released that morning before 7:00 a.m. (ET) and will be available on our website at www.bip.brookfield.com. In conjunction with the Partnerships distribution declaration, the Board of Directors of BIPC has declared an equivalent quarterly dividend of $0.3825 per share, also payable on June30, 2023 to shareholders of record as at the close of business on May31, 2023. Brookfield AGM Presentation Webcast. And I do think that our expanded capabilities in the region and our ability to be a partner at scale to some of the growing platforms is really what is differentiating us at this point. 2. Certainly. Brookfield Asset Management Overview . Yeah, it's a great question, Rupert, and I would say two things. Brookfield Infrastructures results include limited partnership units held by public unitholders, redeemable partnership units, general partnership units, Exchange LP units, BIPC exchangeable LP units and BIPC exchangeable shares. DE before realizations were $945 million during the quarter and $4.3 billion over the last twelve months, representing growth On April 19, 2023 Argo announced that its shareholders had voted to approve our acquisition of Argo. The sale included our interest in Tres Palacios in Texas and our Salt Plains facility in Oklahoma. Distributable earnings before realizations, including per share amounts, for the three months ended March 31, 2022 and the twelve months ended March 31, 2023 and 2022 were adjusted for the special distribution of 25% of Brookfield's asset management business on December 9, 2022.; Brookfield Corporation net income above is presented under IFRS. On a per-share basis, the Victor, New York-based . And when the business was acquired by Brookfield, EBITDA was approximately $1.6 billion. A significant proportion of this incremental growth has been contracted or reserved, which provides a high degree of certainty for the first five years of our development plan. Sleeps 6 3 bedrooms 1 bathroom. Please go ahead. Brookfield Asset Management 1 ~$57B . Date: Friday, August 4, 2023 Time: 9:30 a.m. (Eastern Time) BROOKFIELD, NEWS, June 27, 2023 (GLOBE NEWSWIRE) You are invited to participate in Brookfield Business Partners' 2023 Second Quarter Conference Call & Webcast on Friday, August 4, 2023 at 9:30 a.m. (Eastern Time) to discuss with members of senior management our results and current business initiatives. Brookfield Renewable Partners L P : Q1 2023 Quarterly Report May 05, 2023 at 07:01 am OUR OPERATIONS We invest in renewable power and sustainable solutions assets directly, as well as with institutional partners, joint venture partners and through other arrangements. Brookfield Business Partners - Q1 2023 Results Conference Call & Webcast May 5, 2023 Corporate Speakers: Alan Fleming; Brookfield Business Partners L.P.; Managing Director Cyrus Madon; Brookfield Business Partners L.P.; CEO Denis Turcotte; Brookfield Business Partners L.P.; COO Jaspreet Dehl; Brookfield Business Partners L.P.; CFO Fee-Related Earnings Growth Targets. The -- I would say when it comes to our funding strategy, it remains what it has been in the past. You can see the complete list of today's Zacks #1 Rank stocks here. We do have a number of levers within our existing portfolio to create a self-funding business model, and that's up financing of our existing assets and asset recycling primarily. Readers are encouraged to consider both measures in assessing Brookfield Infrastructures results. Brookfield. The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.21 billion. Nano Dimension Ltd. (NASDAQ:NASDAQ:NNDM) Q1 2023 Earnings Conference Call June 29, 2023 9:00 AM ETCompany ParticipantsYoav Stern - Chairman and Chief Executive OfficerConference Call. You know, part of the reason why we like these investments is the key value drivers around a transaction like Origin are almost no different than the key value drivers around a -- down the Fairway Renewables developer. And then, just maybe on -- as a follow-up on that pipeline, any geographies, technologies, or kind of spin-offs that are most attractive? We generated FFO of $275 million, or $0.43 per unit, an increase of 13% compared to the same period last year. The Toronto-based company said it had profit of 32. Notably, the company has reported comparable earnings of $10.65 per share and $11.40 (excluding canopy growth impacts) for fiscal 2023. And what -- you know, perhaps the easiest way to frame that is, very similar to the first transition fund, we expect that to be the single largest LP in the second Global Transition Fund. This news release may contain forward-looking information within the meaning of Canadian provincial securities laws and forward-looking statements within the meaning of applicable securities laws. And we've always just been very selective about finding opportunities that have the right value entry point. The company's revenue reached US$966 million, indicating 28% growth in comparison to Q1 2022. Theyjust revealed what they believe are thetenbest stocksfor investors to buy right now and Brookfield Renewable Partnerswasn't one of them! Following our prepared remarks, we look forward to taking your questions. One thing long-term investors like to see in a company they're considering for investment is a positive trajectory of earnings results. Closing is expected to occur in the fourth quarter, subject to customary closing conditions and Triton shareholder approval. Finally, going forward, we expect X-Elio to continue benefiting from robust industry tailwinds and its leadership position in most of the markets where the business is present to further enhance its profitable growth pace while maintaining its self-funded business model. My second question is on the asset recycling program. BIP - Q1 2022 Earnings Call & Webcast To participate in the conference call, please dial +1-866-688-9459 toll-free in North America, or for . I would say, broadly, we have a fairly robust pipeline of asset recycling initiatives. The net income and funds from operations1 (FFO) of BIPC are captured in the Partnerships financial statements and results. Brookfield Asset Management last posted its quarterly earnings results on May 10th, 2023. The future performance and prospects of Brookfield Infrastructure are subject to a number of known and unknown risks and uncertainties. References to Brookfield Infrastructure are to the Partnership together with its subsidiaries and operating entities. Our business continues to exhibit strong cash flow resiliency given the diversified asset base and the ability to capture higher power prices, both through inflation-linked power purchase agreements and a robust energy price environment for our hydro assets. And maybe we'll answer the question a slightly different way. Operating results reflect robust hydrogeneration across our portfolio -- excuse me -- strong year-on-year realized power pricing, high asset availability, and contributions from growth. But when it comes to considering other forms of funding, we'll make two comments. Brookfield still controls the investment. Let's start with India. Our financial position also remains strong with almost $4 billion of available liquidity. The reported $0.07 earnings per share (EPS) for the quarter. Current earnings benefited from capital commissioned into rate base at our U.K. regulated distribution business and inflation indexation at our Brazilian regulated gas transmission business. RECONCILIATION OF NET INCOME TO DISTRIBUTABLE OPERATING EARNINGS, RECONCILIATION OF EQUITY TO ADJUSTED EQUITY. On today's call, we will provide an update on our business and our recent development activities. Brookfield Renewable Corporation ( NYSE: BEPC) is scheduled to announce Q1 earnings results on Friday, May 5th, before market open. This distribution is identical in amount per share and has the same payment date as the quarterly distribution announced today by Brookfield Corporation (Brookfield) on its Class A limited voting shares (Brookfield Class A Shares). To participate in the Conference Call today at 9:00am EDT, please pre-register at https://register.vevent.com/register/BI72022c6c4f02498f937e75c408f74f90. Brookfield Infrastructure is the flagship listed infrastructure company of Brookfield Corporation, a global alternative asset manager with over $825 billion of assets under management. Forward-looking statements in this news release include statements regarding the three-for-two split of BIPs and BIPCs respective units and Shares, the impact of the market price of BIPs units and the combined business performance of our company and BIP as a whole on the market price of the Shares. We believe economic equivalence is achieved through identical dividends and distributions on the Shares and BIPs units and each Share being exchangeable at the option of the holder for one BIP unit at any time. Non-GAAP measure - see Non-GAAP and Performance Measures on page 6. In April, the company announced preliminary Q1 consolidated revenues of $14 . Because we saw one of the other Brookfield affiliates use their C-corp vehicle as part of a currency, you know, transaction. And then, secondly, where in other markets around the world we see our business driven primarily by corporates, historically, a lot of renewables in India have been sold through government auctions. Each class A exchangeable limited voting share of Brookfield Reinsurance is exchangeable on a one-for-one basis with a class A limited voting share of Brookfield Corporation. We continue to always appreciate your interest in support of Brookfield Renewable, and we look forward to updating you on our Q2 conference call in a few months. On January 1, 2023, Brookfield Reinsurance converted its accounting framework from International Financial Reporting Standards (IFRS) to generally accepted accounting principals in the United States of America (US GAAP or GAAP). Most recently, we completed the sale of our interests in two U.S. gas storage assets to strategic buyers for gross proceeds of $235 million (BIPs share approximately $100 million). Transcript : Brookfield Corporation, Q1 2023 Earnings Call, May 11, 2023. To refresh everyone, we made our original investment back in 2019, acquiring 50% of the business. The words believe, expect, will derivatives thereof and other expressions which are predictions of or indicate future events, trends or prospects and which do not relate to historical matters, identify the above mentioned and other forward-looking statements. So, it's definitely predicated on the transactions we've done to date. PLYMOUTH MEETING, Pa. (AP) PLYMOUTH MEETING, Pa. (AP) Accolade, Inc. (ACCD) on Thursday reported a loss of $38.4 million in its fiscal first quarter. We also progressed the other approximately 19,000 megawatts of projects in our advanced stage pipeline, maintaining our targeted commissioning dates. The entire growth profile of the business has been further de-risked, with all of the required land already owned and power secured to support the expansion. The regular quarterly dividends on the Cumulative Class A Preferred Limited Partnership Units, Series 1, Series 3, Series 9, Series 11, Series 13 and Series 14 have also been declared, as well as the capital gains dividend for BIP Investment Corporation Senior Preferred Shares, Series 1. Good morning. Welcome to the Brookfield Renewables first-quarter 2023 results conference call and webcast. You know, maybe it's 50 basis points wider, but that's not going to have a material impact on -- on our business, and the returns that we can generate developing assets at a higher return, and then selling down to a lower cost of capital buyer. Brookfield Reinsurance has generated $0.41 earnings per share over the last year ($0.41 diluted earnings per share) and currently has a price-to-earnings . We have executed two large-scale transactions, tripling the size of our business in the country. Is there any risk that -- that say the scale of the amount of capital that you have to -- to invest can crowd out the public participation? Q1 2023 Supplemental Information Brookfield Corporation 2 PERFORMANCE UPDATE We generated $1.2 billion of Distributable Earnings ("DE") during the quarter and $5.2 billion in the last twelve months ("LTM"). Thanks. The proceeds from these sales have been used to return almost half of our initial investment and also reinvested into new construction and future development, growing the development pipeline from 5000 megawatts at entry back in 2019 to over 12,000 megawatts today.

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