Overview

* Brookfield Business Partners ( BBU ) Q3 net loss of $59 mln, down from $301 mln last yr

* Adjusted EBITDA for Q3 falls to $575 mln from $844 mln last yr

Outlook

* Company expects FPSO operation sale to close in H1 2026

* Brookfield Business Partners to complete corporate reorganization in Q1 2026

* Company completed $2.6 bln privatization of First National Financial Corp

Result Drivers

* INDUSTRIALS GROWTH - Industrials segment saw a 17% increase in Adjusted EBITDA excluding tax recoveries, driven by acquisitions and strong performance in advanced energy storage and engineered components

* BUSINESS SERVICES CHALLENGES - Business Services segment impacted by partial interest sale and technology upgrade costs, though residential mortgage insurer benefited from resilient demand

* INFRASTRUCTURE SERVICES IMPACT - Infrastructure Services segment results affected by asset dispositions, with stable performance in modular building leasing despite weak market conditions

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Net -$59 mln

Income

Q3 $575 mln

Adjusted

EBITDA

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "hold" and 1 "sell" or "strong sell"

* Wall Street's median 12-month price target for Brookfield Business Partners LP ( BBU ) is $39.00, about 11% above its November 5 closing price of $34.71

* The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 14 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)