Brookfield Infrastructure Partners L.P.'s BIP earnings per unit of 25 cents in the first quarter of 2016 lagged the Zacks Consensus Estimates of 98 cents by 75.5%. The reported figure also decreased 55.4% from 56 cents per unit a year ago. RevenuesBrookfield Infrastructure posted revenues of $454 million during the quarter, down 2.6% year over year.Highlights of the releaseDirect operating costs during the quarter were $202 million, marginally down from $203 million spent in the year ago quarter.Interest expenses in the reported quarter were up 5.6% year over year to $95 million.Fund flow from operations in the reported quarter was $234 million compared with $186 million in the year-ago period.Quarterly Segment HighlightsUtilities – The segment witnessed 5.2% year-over-year growth in the first-quarter 2016 FFO owing to investments in growth capital projects across the segment.Transport – The segment generated FFO of $94 million, marginally lower than $96 million in the year-ago quarter.Energy – The partnership witnessed 42.9% year-over-year growth in segment FFO mainly because of organic growth initiatives.Communications Infrastructure – The segment generated FFO of $19 million in the first quarter.Corporate and Other – This segment incurred a loss of $19 million in the reported quarter, narrower than a loss of $33 million in the year-ago quarter.Financial UpdateAs of Mar 31, 2016, Brookfield Infrastructure’s cash and cash equivalents were $248 million compared with $199 million at 2015 end.The partnership has currently almost $3 billion of total liquidity. Amid volatile credit market conditions, the company has taken some financial initiatives that improved its debt maturity profile.Cash from operating activities was $162 million in the first quarter of 2016, down from $228 million in the year-ago quarter.Other ReleasesAmerican Electric Power Co., Inc. AEP reported first-quarter 2016 operating earnings of $1.02 per share, missing the Zacks Consensus Estimate of $1.06 by 3.8%.DTE Energy Company DTE reported first-quarter 2016 operating earnings per share of $1.52, in line with the Zacks Consensus Estimate.FirstEnergy Corporation FE announced first-quarter 2016 operating earnings of 80 cents per share, outpacing the Zacks Consensus Estimate of 76 cents by 5.3%Zacks RankBrookfield Infrastructure currently holds a Zacks Rank #4 (Sell).Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report AMER ELEC PWR (AEP): Free Stock Analysis Report BROOKFIELD INFR (BIP): Free Stock Analysis Report FIRSTENERGY CP (FE): Free Stock Analysis Report DTE ENERGY CO (DTE): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research