Brookfield Infrastructure Corp BIPC

Utilities SIC 4923 - Natural Gas Transmisison & Distribution NYSE

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No price or market cap here: this company files no 10-K, so the only share count SEC publishes for it counts its ordinary shares in its home market, while its US listing is a depositary receipt standing for some number of them. That number is in no filing, so a price multiplied by that count is not this company's value and is not shown. The financial statements below are as filed.

Valuation FY2025 figures against the last close

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Annual financial statements

Income statement

Fiscal year	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017
Revenue	$3.67B	$3.67B	$2.50B	$1.89B	$1.64B	$1.43B	$1.62B	$1.56B	—
Operating income	$2.25B	$2.21B	$1.66B	$1.27B	$1.07B	$870.0M	$1.04B	$982.0M	—
Net income	$700.0M	$72.0M	$606.0M	$1.62B	$27.0M	-$232.0M	$570.0M	$581.0M	—

Balance sheet

Fiscal year	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017
Total assets	$24.02B	$23.59B	$23.91B	$10.18B	$10.09B	$9.34B	$9.85B	—	—
Total equity	$2.00B	$2.22B	$4.07B	-$361.0M	-$1.42B	-$572.0M	$3.28B	$3.25B	$5.34B

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001788348-26-000001.

Others in SIC 4923

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NEXT	NextDecade Corp	$1.95B	—	—
RGCO	RGC RESOURCES INC	$228.5M	17.0x	16.6%