BIP earnings date and guidance
BIP’s next results are expected on November 6, 2026. The key watch is whether projects, FFO and asset-sale proceeds are arriving on schedule.
What has BIP guided for 2026?
Management targets 6%–9% organic growth and 5%–9% annual distribution increases. It targets a 60%–70% FFO payout ratio. Guidance calls for 10% FFO-per-unit growth in 2026. It calls for 12% growth over the next 2–3 years. The annual growth-investment target is US$2,000–3,000 million.
| Period it covers | Low | High | Date given | |
|---|---|---|---|---|
| Annual distribution increase | Annually | 5.0% | 9.0% | Jul 30, 2026 |
| Organic growth target range | Annually | 6.0% | 9.0% | Jul 30, 2026 |
| FFO per unit growth, 2026 | 2026 | 10.0% | Sep 29, 2026 | |
| FFO per unit growth, next 2-3 years | Next 2-3 years | 12.0% | Sep 29, 2026 | |
| Annual growth investment target | Annually | 2,000 | 3,000 | Sep 29, 2026 |
Did BIP keep its past promises?
BIP has kept one visible promise. Its 2025 annual letter said the board approved a 6% increase for 2026 and described it as the seventeenth consecutive year of increases of at least 5%. The record is encouraging, but investors must still ask whether distributions come from durable operating cash flow rather than asset sales, borrowing or new securities.
What do BIP’s last eight reported periods show?
Q2 2026 was better operationally than its lower IFRS net income suggested, but its FFO mix still matters.
| Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | 6,482 | 6,301 | 6,304 | 5,975 | 5,429 | 5,392 | 5,444 | 5,270 |
| Operating earnings (company's measure) | 223 | 235 | 275 | 262 | 227 | 216 | 308 | 201 |
| Net income | 44 | -61 | 457 | 440 | 69 | 125 | 265 | -52 |
| EPS, diluted | -0.07 | -0.20 | 0.45 | 0.44 | -0.03 | 0.04 | 0.22 | -0.18 |
| Book value per share | 9.65 | 10.22 | 10.65 | 9.77 | 9.63 | 9.93 | 10.19 | 10.06 |
What this means. The company's operating earnings are an adjusted profit number, not its total profit, because they leave out investment gains and losses and some unusual costs.
What should we watch in BIP’s next results?
The November 6, 2026 results call will show whether projects, FFO and asset-sale proceeds are arriving on schedule. That evidence leads to the most important operating test: whether the backlog becomes productive assets.