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Brookfield Brookfield Infrastructure Reports Second Quarter 2021 Results Brookfield , News , August 5 , 2021 Brookfield Infrastructure ( NYSE : BIP ; TSX : BIP.UN ) today announced its results for the second quarter ended June 30 , 2021 . " Our base business generated strong results in the second quarter , benefiting from the ongoing economic recovery , " said Sam Pollock , Chief Executive Officer of Brookfield Infrastructure . " The recent completion of several large capital recycling initiatives has provided enhanced liquidity to support our robust pipeline of new investments . We are well - positioned to sustain our momentum into the second half of the year as market conditions are favorable for our business . " US $ millions ( except per unit amounts ) , unaudited ' Net income ( loss ) ² - per unit³ FF04 Press Release - per unit ( split - adjusted ) 5 For the three months ended June 30 2021 2021 2020 352 $ ( 61 ) $ 542 $ 58 0.61 $ ( 0.25 ) $ 0.88 $ ( 0.12 ) 394 $ 333 $ 825 $ 691 0.85 $ 0.72 $ 1.77 $ 1.49 $ $ $ $ For the six months ended June 30 2020 Brookfield reported net income of $ 352 million ( $ 0.61 per unit ) for the three - month period ended June 30 , 2021 compared to a loss of $ 61 million ( loss of $ 0.25 per unit ) in the prior year . Net income for the current period benefited from strong organic growth , the contribution from new investments and the recognition of gains on the sale of our Canadian district energy business and smart meter portfolio . These positive factors were partially offset by an increase in future U.K. tax rates which led to the recognition of a non recurring deferred tax expense of approximately $ 100 million in the current period . Funds from Operations ( or FFO ) of $ 394 million for the quarter reflects an 18 % increase compared to the same period last year . Results were supported by strong growth from our base business , contributions from new investments and higher volumes attributable to the continued economic rebound . Excluding the recovery of shutdown - related volume declines in the prior year , organic growth was 9 % . This solid level of growth includes inflationary tariff increases and the commissioning of approximately $ 900 million in new capital projects during the last 12 months . Inclusive of the recovery of both connections income at our U.K. regulated distribution business and toll road traffic , our base business grew by 16 % relative to the prior year . These positive factors were partially offset by the impact of asset sales completed in the last year , which have resulted in nearly $ 2 billion of proceeds . As we deploy that capital at higher returns , it should accelerate our earnings base . Segment Performance The utilities segment generated FFO of $ 190 million , an improvement of 21 % over the prior year . All businesses within the segment continue to perform well in the current environment , with results reflecting 10 % organic growth due to inflation indexation and the commissioning of almost $ 400 million into rate Brookfield Infrastructure Partners L.P. 1