Research analysts who have asked questions during Brookfield Business Partners earnings calls.
Devin Dodge
BMO Capital Markets Corp.
6 questions for BBU
Also covers: BIP, GFL, NVRI +2 more
Gary Ho
Desjardins Capital Markets
6 questions for BBU
Jaeme Gloyn
National Bank Financial
4 questions for BBU
Also covers: BAM, BN, FRFHF
Bart Dziarski
RBC Capital Markets
3 questions for BBU
Also covers: BAM, BN
Nikolaus Priebe
CIBC
3 questions for BBU
Also covers: BAM, CIXXF, FRFHF
Jamie Glowen
National Bank
2 questions for BBU
Dimitry Khmelnitsky
Veritas Investment Research
1 question for BBU
Geoffrey Kwan
RBC Capital Markets
1 question for BBU
Also covers: CIXXF
Nelson Ng
RBC Capital Markets
1 question for BBU
Also covers: AQN, AY, BEP +3 more
Recent press releases and 8-K filings for BBU.
Brookfield Business Partners Proposes Corporate Structure Simplification and Sets Shareholder Meeting Date
BBU
M&A
Proxy Vote Outcomes
Delisting/Listing Issues
- Brookfield Business Partners L.P. (BBU) and Brookfield Business Corporation (BBUC) are proposing an Arrangement to simplify their corporate structure by converting into a single publicly traded corporate entity.
- Special meetings for unitholders and shareholders to vote on this reorganization are scheduled for January 13, 2026, at 10:00 a.m. and 11:00 a.m. (Toronto time), respectively.
- The proposed Arrangement is intended to drive long-term value by offering broader access to global investors, improved consolidated trading liquidity, and simplified financial and tax reporting.
- Following the completion of the Arrangement, BBU and BBUC units will be delisted from the TSX and NYSE, and both entities will become wholly-owned or controlled subsidiaries of the new Corporation, 1559985 B.C. Ltd., which was formed in October 2025 and has no separate operating history.
Nov 28, 2025, 9:13 PM
Brookfield Corporation Reports Strong Q3 2025 Results
BBU
Earnings
M&A
Share Buyback
- Brookfield Corporation reported strong financial results for the quarter ended September 30, 2025, with Distributable Earnings before realizations increasing 18% to $5.4 billion or $2.27 per share over the last twelve months.
- The company achieved a record $178 billion in deployable capital and advanced $75 billion of asset sales year-to-date.
- Strategic growth was driven by record fee-related earnings in asset management (up 17% to $754 million) and a 15% increase in wealth solutions distributable earnings.
- Key initiatives include an agreement to acquire the remaining interest in Oaktree and new partnerships for next-generation power and AI.
- Brookfield returned capital to shareholders, declaring a quarterly dividend of $0.06 per share and repurchasing over $950 million of Class A shares year-to-date.
Nov 13, 2025, 11:45 AM
Brookfield Business Partners L.P. Reports Q3 2025 Financial Results and Announces Corporate Reorganization
BBU
Earnings
M&A
Dividends
- Brookfield Business Partners L.P. reported a net loss of $(122) million for Q3 2025, a significant decrease from net income of $1,735 million in Q3 2024. For the nine months ended September 30, 2025, net income was $269 million, down from $2,003 million in the prior year period.
- Revenues for Q3 2025 decreased by $2,313 million to $6,919 million compared to Q3 2024, primarily due to the disposition of its road fuels operation and deconsolidation of its healthcare services operation.
- As of September 30, 2025, cash and cash equivalents increased to $3,500 million from $3,239 million at December 31, 2024. Total assets were $75,403 million, and total liabilities were $59,863 million.
- Subsequent to the quarter, on October 22, 2025, the partnership completed the privatization of First National Financial Corporation for $2.6 billion, with BBU's equity share being $146 million for an 11% interest.
- A corporate reorganization was announced on November 6, 2025, expected to be completed in Q1 2026, to simplify its corporate structure, and a quarterly distribution of $0.0625 per LP Unit was declared on November 4, 2025, payable on December 31, 2025.
Nov 10, 2025, 10:05 PM
Brookfield Business Partners L.P. Announces Corporate Arrangement and Share Exchange
BBU
M&A
Proxy Vote Outcomes
- Brookfield Business Partners L.P. (BBU) and Brookfield Business Corporation (BBUC) have entered into an Arrangement Agreement dated November 6, 2025, to consolidate their investments under a newly formed entity, 1559985 B.C. Ltd. (the "Corporation").
- As part of this Arrangement, BBU Unitholders will exchange their units for one (1) Class A subordinate voting share of the Corporation per unit.
- The Arrangement requires specific approvals, including an affirmative vote of a majority of outstanding BBU units for the BBU Arrangement Resolution and the BBU LPA Amendment Resolution, and not less than 66 2/3% of votes cast by BBUC shareholders.
- The Corporation holds an overriding call right to purchase BBU Units for Class A Consideration, which, if exercised, supersedes BBU's right to redeem units for cash.
Nov 6, 2025, 10:07 PM
BBU Reports Q3 2025 Financial Results and Strategic Updates
BBU
Earnings
M&A
Share Buyback
- BBU reported a net loss attributable to Unitholders of $59 million (loss of $0.28 per limited partnership unit) for the three months ended September 30, 2025, compared to net income of $301 million in the prior period.
- Adjusted EBITDA for Q3 2025 was $575 million, down from $844 million in Q3 2024; however, excluding tax benefits and acquired/disposed operations, Adjusted EBITDA increased to $512 million from $501 million.
- The company maintained corporate liquidity of $2,299 million as of September 30, 2025, including $2,190 million of availability on its credit facilities.
- Strategic initiatives include the completion of the privatization of First National Financial Corporation for which BBU invested $146 million, and an agreement to simplify the corporate structure by exchanging units/shares for new Class A shares in the first quarter of 2026.
- BBU declared a quarterly distribution and dividend of $0.0625 per unit and share, respectively, payable on December 31, 2025, and repurchased 152,586 LP units during Q3 2025 under its Normal Course Issuer Bid.
Nov 6, 2025, 2:00 PM
Brookfield Business Partners Reports Q3 2025 Results, Announces Corporate Structure Simplification
BBU
Earnings
M&A
Share Buyback
- Brookfield Business Partners reported Q3 2025 adjusted EBITDA of $575 million and adjusted EFO of $284 million.
- The company generated over $2 billion from its capital recycling program year-to-date, repaying $1 billion in corporate borrowings and investing $525 million in three strategic acquisitions, including First National Financial.
- BBU announced plans to simplify its corporate structure by converting existing units and shares into a single publicly traded Canadian corporation, a move that has already increased its consolidated market cap by nearly $1 billion and is expected to complete early next year.
- With approximately $2.9 billion in pro forma liquidity, BBU has repurchased just under $160 million of units and shares under its $250 million buyback program and sees a robust pipeline for new investments.
Nov 6, 2025, 2:00 PM
Brookfield Business Partners Reports Q3 2025 Results and Strategic Updates
BBU
Earnings
Share Buyback
M&A
- Brookfield Business Partners reported Q3 2025 adjusted EBITDA of $575 million and adjusted EFO of $284 million.
- Since the start of the year, the company generated over $2 billion in proceeds from its capital recycling program, repaid $1 billion of corporate credit facility borrowings, and invested an additional $525 million in three strategic growth acquisitions.
- The company bought back just over $160 million of its units and shares under a $250 million buyback program and renewed its normal course share bid for an additional 8 million units/shares.
- Plans were announced to simplify the corporate structure by converting existing units and shares into one new publicly traded Canadian corporation, which has already seen the consolidated market cap increase by nearly $1 billion.
- The company ended the quarter with approximately $2.9 billion of pro forma liquidity at the corporate level.
Nov 6, 2025, 2:00 PM
BBU Reports Q3 2025 Results, Details Capital Allocation and Strategic Initiatives
BBU
Earnings
Share Buyback
New Projects/Investments
- Brookfield Business Partners reported Q3 2025 Adjusted EBITDA of $575 million and Adjusted EFO of $284 million.
- Since the start of the year, the company generated over $2 billion in proceeds from capital recycling, repaid $1 billion of corporate credit facility borrowings, and bought back over $160 million of units and shares. They also invested an additional $525 million in three strategic growth acquisitions and ended the quarter with approximately $2.9 billion in pro forma liquidity.
- The company announced plans to simplify its corporate structure, which has already led to a nearly $1 billion increase in consolidated market cap. They are also leveraging AI to accelerate value creation across portfolio companies, including Chemelex, Antylia Scientific, CDK, Scientific Games, and DexKo.
Nov 6, 2025, 2:00 PM
Brookfield Business Partners Reports Q3 2025 Results and Announces Corporate Reorganization
BBU
Earnings
M&A
Dividends
- Brookfield Business Partners reported a net loss attributable to Unitholders of $59 million (or $0.28 per limited partnership unit) for the three months ended September 30, 2025, compared to net income of $301 million in the prior year.
- Adjusted EBITDA for the third quarter of 2025 was $575 million, down from $844 million in the same period of 2024, with the Industrials segment contributing $316 million.
- The company announced a corporate reorganization to simplify its structure, with BBU units and BBUC shares to be exchanged for shares of a new publicly traded Canadian corporation. Security holder meetings are scheduled for January 13, 2026, and completion is anticipated in Q1 2026.
- Strategic initiatives included the acquisition of First National Financial Corporation in October 2025, for which BBU invested $146 million for an 11% interest, and an agreement to sell its offshore oil services FPSO operation, expected to close in the first half of 2026.
- Brookfield Business Corporation declared a quarterly dividend of $0.0625 per share, payable on December 31, 2025.
Nov 6, 2025, 11:45 AM
Brookfield Business Partners Details Growth Strategy and Corporate Conversion
BBU
New Projects/Investments
Share Buyback
Revenue Acceleration/Inflection
- Brookfield Business Partners (BBU) plans to convert into one publicly traded corporation in Q1 2026, which is expected to result in a +50% improvement in consolidated trading liquidity and a 2x increase in index demand.
- The company reported strong financial performance, with Adjusted EBITDA growing from $1.3 billion in 2020 to $2.7 billion today, and its Net Asset Value per Unit doubling from $28 in 2020 to $54 today.
- BBU exceeded its capital recycling target, delivering $2.1 billion over the last 12 months, and returned $161 million to owners, including $7 million in repurchases.
- Strategically, BBU is leveraging AI with 200+ use cases across its businesses and is focused on the $4 trillion financial infrastructure opportunity, currently managing $7 billion in assets in this sector.
Sep 25, 2025, 6:00 PM
Quarterly earnings call transcripts for Brookfield Business Partners.
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