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Brookfield Infrastructure Partners Is About to Stomp on the Gas

Tags: electric
DATE POSTED:June 17, 2019

Brookfield Infrastructure Partners' (NYSE: BIP) growth engine ran out of gas last year. Cash flow, which had increased at a double-digit compound annual rate over the past decade, flattened out after the company sold a large electric transmission business in Chile.

That sale, however, provided the company with the funds to make several acquisitions. While those deals helped restart its growth engine over the past couple of quarters, an even bigger acceleration is on the way. That's because the company is about to close its last deal, which should kick earnings growth into another gear.

Image source: Getty Images.

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Tags: electric