Earnings summaries and quarterly performance for FTAI Infrastructure.
Executive leadership at FTAI Infrastructure.
Board of directors at FTAI Infrastructure.
Research analysts who have asked questions during FTAI Infrastructure earnings calls.
BM
Brian McKenna
Citizens JMP Securities
4 questions for FIP
Also covers: ARCC, ARES, BX +17 more
GL
Gregory Lewis
BTIG, LLC
3 questions for FIP
Also covers: ABTC, BLBD, BTDR +27 more
GA
Giuliano Anderes-Bologna
Compass Point
2 questions for FIP
Also covers: AFRM, AGO, COOP +7 more
GB
Giuliano Bologna
Compass Point Research & Trading LLC
1 question for FIP
Also covers: AFRM, FTAI, GCI +5 more
SE
Sherif Elmaghrabi
BTIG
1 question for FIP
Also covers: BE, DHT, FRO +13 more
Recent press releases and 8-K filings for FIP.
FTAI Infrastructure Reports Record Q4 and Full-Year 2025 Adjusted EBITDA, Advances Strategic Initiatives
FIP
Earnings
M&A
New Projects/Investments
- FTAI Infrastructure reported record Adjusted EBITDA of $80.2 million for Q4 2025 and $232.3 million for the full fiscal year, with an exit run rate of over $320 million annually.
- The rail segment's Q4 2025 Adjusted EBITDA was $41.3 million, driven by the Wheeling & Lake Erie Railway acquisition, with $20 million in annual cost savings and over $50 million in incremental EBITDA from new revenue opportunities expected from the integration.
- The sale process for Long Ridge is progressing, with an announced transaction targeted for the first half of 2026, and expected net proceeds of hundreds of millions of dollars will be primarily used for deleveraging.
- Growth initiatives at Jefferson and Repauno are advancing, with Jefferson pursuing new contracts representing over $50 million of annual incremental EBITDA, and Repauno's Phase 2 expected to be operational in early 2027, contributing to $80 million of annual EBITDA for combined Phase 1 and Phase 2.
13 hours ago
FTAI Infrastructure Reports Record Q4 2025 Adjusted EBITDA and Provides Strategic Updates
FIP
Earnings
M&A
New Projects/Investments
- FTAI Infrastructure reported a record adjusted EBITDA of $80.2 million for Q4 2025, excluding a $9 million gain from a non-core investment, and a full fiscal year 2025 adjusted EBITDA of $232.3 million.
- The company exited 2025 with an EBITDA run rate of just over $320 million annually, driven by significant transactions including the acquisition of the Wheeling & Lake Erie Railway and the commencement of a new 15-year ammonia export contract at the Jefferson terminal.
- The Rail segment achieved $41.3 million in adjusted EBITDA for Q4 2025, with the Wheeling contributing $19.3 million, and the integration of Transtar and Wheeling is expected to generate $20 million in annual cost savings.
- Long Ridge generated $36.2 million in EBITDA for Q4 2025, and its monetization process is progressing, with an announced transaction targeted for the first half of 2026.
- Repauno's Phase 2 is now expected to be operational in early 2027, capable of generating approximately $80 million of annual EBITDA, and the company received a permit for Phase 3 in Q4 2025.
13 hours ago
FTAI Infrastructure Reports Record Q4 and Full-Year 2025 Adjusted EBITDA, Outlines Strategic Growth and Deleveraging Plans
FIP
Earnings
M&A
New Projects/Investments
- FTAI Infrastructure reported record adjusted EBITDA of $80.2 million for Q4 2025 and $232.3 million for the full fiscal year 2025, significantly up from previous periods.
- The company exited 2025 with an EBITDA run rate exceeding $320 million annually, driven by key transactions including the acquisition of the Wheeling & Lake Erie Railway and a new 15-year ammonia export contract at Jefferson terminal.
- Strategic priorities include the integration of the Wheeling, targeting $20 million in annual cost savings , and the planned monetization of Long Ridge, with an announced transaction targeted for H1 2026 to enable substantial deleveraging.
- Significant future growth is expected from Repauno's Phase 2, projected to generate approximately $80 million of annual EBITDA upon becoming operational in early 2027 , and potential new contracts at Jefferson, which could add over $50 million of annual incremental EBITDA.
13 hours ago
FTAI Infrastructure Inc. Reports Q4 and Full Year 2025 Results and Declares Dividend
FIP
Earnings
Dividends
Debt Issuance
- FTAI Infrastructure Inc. reported Adjusted EBITDA of $80.2 million for the fourth quarter of 2025 and $232.3 million for fiscal year 2025, representing an 82% increase from fiscal 2024.
- The company posted a Net Loss Attributable to Stockholders of $(118,959) thousand for Q4 2025 and $(207,403) thousand for FY 2025, with Basic Loss per Share of $(1.06) and $(2.24) for the respective periods.
- A cash dividend of $0.03 per share of common stock was declared for the quarter ended December 31, 2025, payable on April 1, 2026.
- FTAI Infrastructure Inc. closed a new $1.315 billion term loan to refinance a 2025 bridge facility, which matures on February 1, 2028, and accrues interest at 9.75% per annum.
- The Railroad segment reported $41.3 million in Adjusted EBITDA for the fourth quarter of 2025, with the integration of the Wheeling & Lake Erie Railroad underway.
1 day ago
FTAI Infrastructure Reports Record Q4 2025 Adjusted EBITDA and Progress on Strategic Initiatives
FIP
Earnings
M&A
New Projects/Investments
- FTAI Infrastructure reported record consolidated Adjusted EBITDA of $80.2 million for Q4 2025, representing an annual run-rate of $320.8 million. Including a CPE gain, consolidated Adjusted EBITDA totaled $89.2 million for the quarter.
- The company took full control of the W&LE in late December 2025, and integration with Transtar is underway, with $10 million in run-rate savings already implemented towards a target of $70+ million in total Adjusted EBITDA from cost savings and revenue opportunities.
- A new $1.315 billion two-year corporate loan was closed to refinance the existing bridge loan.
- The Jefferson Terminal generated $13.6 million in Adjusted EBITDA for Q4 2025 and has a line-of-sight to $100 million in total Adjusted EBITDA. The Repauno project is progressing towards mechanical completion in fall 2026, with full utilization of Phase 2 expected to generate $80 million of annual Adjusted EBITDA.
1 day ago
FTAI Infrastructure Subsidiary Jefferson Announces Debt Offering and Financial Targets
FIP
Debt Issuance
New Projects/Investments
Guidance Update
- FTAI Infrastructure Inc.'s (FIP) Jefferson Terminal segment announced its intention to launch a private offering of up to $255 million in aggregate principal amount of notes on January 26, 2026.
- The proceeds from this financing are intended to refinance existing bonds, cover associated costs, and provide working capital.
- As of January 2026, FIP, its affiliates, and minority investors have collectively invested approximately $800 million in Jefferson.
- Jefferson is targeting annual revenues of up to $186 million and Adjusted EBITDA of up to $109 million upon achieving full utilization of its terminals.
Jan 26, 2026, 11:31 AM
FIP Reports Q3 2025 Financial Results with Strong Adjusted EBITDA Growth
FIP
Earnings
M&A
Debt Issuance
- FIP reported consolidated Adjusted EBITDA of $70.9 million and a net loss of $(118.3) million for Q3 2025.
- Key drivers for Q3 2025 Adjusted EBITDA included $8.4 million from the newly acquired Wheeling and Lake Erie Railway (W&LE) and $1.4 million from Long Ridge West Virginia gas sales.
- The Railroad segment's Adjusted EBITDA grew to $29.1 million in Q3 2025, up from $20.7 million in Q2 2025, primarily due to the W&LE contribution.
- As of September 30, 2025, FIP held $354 million in cash and restricted cash and had $3,728 million in total net debt, with a near-term priority to refinance a $1.25 billion parent-level term loan.
- Repauno's Phase 2 construction is in progress, with existing contracts and a Letter of Intent (LOI) projected to generate approximately $80 million of annual Adjusted EBITDA.
Oct 31, 2025, 12:00 PM
FTAI Infrastructure Reports Strong Q3 2025 Results, Targets $450M+ Annual EBITDA, and Explores Long Ridge Monetization
FIP
Earnings
M&A
Guidance Update
- FTAI Infrastructure (FIP) reported Q3 2025 Adjusted EBITDA of $70.9 million, representing a 55% increase from Q2 2025 and nearly double year-over-year, primarily due to the acquisition of Wheeling & Lake Erie Railway Company and the commencement of West Virginia gas production.
- The company projects an annual Adjusted EBITDA exceeding $450 million, a target that incorporates the full impact of recent acquisitions and new agreements at Jefferson Energy and Repauno.
- FIP is exploring strategic alternatives for its Long Ridge segment, including a potential monetization, as the business has achieved its $160 million annual EBITDA run rate.
- The combined rail segment (TransStar and Wheeling) is now expected to reach an EBITDA run rate of at least $220 million by the end of 2026, an increase from the previous $200 million estimate.
- FIP plans to refinance its $1.2 billion parent-level debt with a new long-term bond issuance by year-end 2025.
Oct 31, 2025, 12:00 PM
FTAI Infrastructure Inc. Reports Q3 2025 Results and Declares Dividend
FIP
Earnings
Dividends
M&A
- FTAI Infrastructure Inc. reported Adjusted EBITDA of $70.9 million for Q3 2025, which is up 54% from the second quarter of 2025.
- The company posted a basic and diluted loss per share of common stock of $(1.38) for Q3 2025.
- A cash dividend of $0.03 per share of common stock was declared for the quarter ended September 30, 2025, payable on November 28, 2025.
- Key business highlights include the acquisition of the Wheeling & Lake Erie Railway on August 25, 2025, and the commencement of West Virginia gas production in August, leading to excess gas sales at Long Ridge. The company is also evaluating strategic alternatives for Long Ridge, including a potential sale.
Oct 30, 2025, 8:16 PM
Ftai Infrastructure Outlines Strategic Transformation and Financial Progress
FIP
Debt Issuance
M&A
New Projects/Investments
- FIP has completed several key financial objectives in the first six months of 2025, including recapitalizing the Long Ridge facility debt (over $1 billion), securing financing for the Repauno facility ($300 million to $400 million of taxable debt), and refinancing HoldCo debt, which reduced annual interest expense from $130 million to $100 million.
- The company also acquired the Wheeling and West Virginia short line railroad for $1.5. This acquisition is expected to significantly diversify the business, reducing reliance on U.S. Steel from 95% to the 30s%.
- FIP's strategic plan over the next 18 to 24 months (by early to mid-2027) involves selling its Long Ridge, Repauno, and Jefferson assets, aiming to generate $1 billion to $1.2 billion in equity and eliminate debt.
- The long-term goal is to transition into a pure-play short line railroad business, with the combined Transtar and Wheeling & West Virginia entities projected to achieve $200 million in EBITDA by the end of 2026. The overall target for the short line railroad business is $400 million to $500 million in EBITDA.
- The company's current annualized EBITDA, based on Q2 2025 numbers, is $184 million.
Aug 27, 2025, 5:05 PM
Quarterly earnings call transcripts for FTAI Infrastructure.
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