Shares of Brookfield Infrastructure Corp (BIPC) took a sharp dive during Thursday's intraday trading, plummeting 5.06% following the release of its second-quarter earnings report and subsequent corrections. The company's mixed financial results and a negative earnings per share figure seem to have disappointed investors, triggering the significant sell-off.

Brookfield Infrastructure reported a substantial increase in net income for Q2 2025, reaching $69 million compared to $8 million in the same period last year. However, this positive news was overshadowed by a 5% year-over-year decline in revenues, which fell to $866 million from $908 million. The company attributed the revenue drop to capital recycling initiatives and increased financing costs on variable rate non-recourse borrowings in Brazil.

Adding to investor concerns, Brookfield Infrastructure issued corrections to its initially reported figures. The Q2 revenue was corrected to $5,429 million, and more crucially, the earnings per share (EPS) was revised to -$0.03, indicating a loss per share. This negative EPS, combined with the revenue decline, appears to have shaken investor confidence, leading to the sharp drop in stock price. Despite the increase in Funds from Operations (FFO) to $638 million, up from $608 million last year, the market seems to be focusing on the immediate negative indicators, resulting in the significant stock plummet.