Brookfield Infrastructure Partners LP (BIP) saw its stock price plummet 5.01% during intraday trading on Wednesday. The sharp decline followed the release of the company's first-quarter financial results.

The company reported a net loss attributable to the partnership of $61 million for Q1 2026, a significant reversal from the net income of $125 million reported in the same period a year earlier. Management cited unrealized hedge losses in its midstream business, which were tied to elevated commodity prices, as a key factor in the quarterly loss. The earnings per share for the quarter came in at a loss of $0.20.

While funds from operations (FFO) per unit rose 10% to $0.90, meeting analyst expectations, and revenue increased to $6.3 billion, the reported net loss appears to have driven negative investor sentiment during the session.