Welcome to our dedicated page for FTAI Infrastructure news (Ticker: FIP), a resource for investors and traders seeking the latest updates and insights on FTAI Infrastructure stock.
FTAI Infrastructure Inc. (NASDAQ: FIP) is a prominent player in the infrastructure investment sector, known for its strategic focus on critical infrastructure with high barriers to entry. The company operates through five primary segments:
- Railroad Segment: This segment includes five freight railroads and one switching company that provide essential rail services to manufacturing and production facilities.
- Jefferson Terminal Segment: This segment features a multi-modal crude oil and refined products terminal, along with related assets, offering versatile logistical solutions.
- Repauno Segment: Located along the Delaware River, this 1,630-acre deep-water port boasts an underground storage cavern, a new multipurpose dock, a rail-to-ship transloading system, and multiple industrial development opportunities.
- Power and Gas Segment: Comprised of an equity method investment in Long Ridge, this segment focuses on energy solutions.
- Sustainability and Energy Transition Segment: This segment includes investments in Aleon/Gladieux, Clean Planet, and CarbonFree, emphasizing sustainable and transitional energy solutions.
FTAI Infrastructure is managed externally by an affiliate of Fortress Investment Group LLC, a leading global investment firm known for its diversified approach. The company is dedicated to generating strong and stable cash flows, with a potential for earnings growth and asset appreciation.
Recent Achievements:
- FTAI Infrastructure announced its financial results for the third quarter of 2023, emphasizing its strong performance and strategic growth.
- The company has scheduled a conference call for July 26, 2023, to discuss its latest updates, accessible via a unique dial-in and pin system for participants.
Current Projects and Partnerships:
FTAI Infrastructure is actively involved in several significant projects and partnerships, including the development of its Repauno facility and investments in sustainable energy solutions. The company's deep-water port and rail-to-ship transloading system highlight its commitment to expanding its logistical capabilities and supporting industrial development.
For more information, visit the FTAI Infrastructure website. Inquiries can be directed to Alan Andreini, Investor Relations, at aandreini@fortress.com.
FTAI Infrastructure reported Q3 2024 financial results, showing a net loss of $49,971,000 with basic and diluted loss per share of $0.45. The company achieved Adjusted EBITDA of $36,928,000, with four core segments contributing $42,543,000. The Board declared a quarterly dividend of $0.03 per share, payable November 19, 2024. Business highlights include signing a long-term contract at Repauno, progress on Jefferson construction projects, and Long Ridge power plant operating at 99% capacity factor, with new capacity pricing expected to generate $16 million in incremental annual Adjusted EBITDA for 2025-26.
FTAI Infrastructure Inc. (NASDAQ:FIP) has announced the timing for its third quarter 2024 earnings release and conference call. The company plans to release its financial results after Nasdaq closes on Wednesday, October 30, 2024. A press release and earnings supplement will be available on the company's investor relations website.
Management will host a conference call on Thursday, October 31, 2024, at 8:00 A.M. Eastern Time. Participants can register for the call via a provided link to receive dial-in information. A simultaneous webcast will be available to the public. A replay of the call will be accessible from 11:30 A.M. on October 31 through November 7, 2024, on the company's investor relations website.
FTAI Infrastructure Inc. (NASDAQ:FIP) reported its Q2 2024 financial results, declaring a dividend of $0.03 per share of common stock. Key highlights include:
- Net Loss Attributable to Stockholders: $(54,350,000)
- Basic and Diluted Loss per Share: $(0.52)
- Adjusted EBITDA: $34,256,000
- Adjusted EBITDA from four core segments: $41,793,000, up 12% from Q1
Business highlights:
- Transtar revenue: $45.6 million with record average rates per car
- Jefferson Terminal achieved record quarterly throughput and revenue
- Long Ridge revenue affected by May scheduled maintenance outage
FTAI Infrastructure (NASDAQ:FIP) will release its Q2 2024 financial results post-market on August 1, 2024.
The company will host an earnings conference call on August 2, 2024, at 8:00 AM Eastern Time.
Participants can register for the call via a provided link to receive dial-in details and a unique pin.
A webcast will also be available publicly on the company's website.
A replay of the call will be accessible from August 2 to August 9, 2024, on the Investor Relations section of the website.
FTAI Infrastructure announced that its subsidiary, Jefferson Energy, has signed a multi-year terminal services agreement with Aramco Trading Americas. This agreement adds bi-directional flow capability to the 14-mile Jefferson Southern Star Pipeline, which currently moves crude oil from Jefferson Energy’s Main Terminal to the Motiva Port Neches Terminal. The new capacity will connect the terminal to the TC Energy Marketlink Pipeline System, enhancing access to crude oil volumes. This capability will expand Jefferson Energy’s Main Terminal, a 6.2 MMbbl storage and multimodal transloading facility in Beaumont, Texas. The terminal handles pipelines connected to major refineries and features extensive rail tracks and docks for various vessels. The new development aims to enhance service options and create value for customers.
FTAI Infrastructure Inc. reported a net loss of $56.6 million in the first quarter of 2024, with a loss per share of $0.54. Adjusted EBITDA stood at $27.2 million. The company declared a dividend of $0.03 per share for the quarter. Business highlights include record revenue at Transtar, improved performance at Jefferson Terminal, and strong demand at Long Ridge. The company will host a conference call on May 8, 2024.
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