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 Inc. (NASDAQ:FIP) plans to release its financial results for the first quarter of 2023 on May 2, 2023, after market close. Investors can access the press release and earnings supplement on the company's website. Management will host a conference call on May 3, 2023, at 8:00 A.M. Eastern Time, which will be available for public listening via webcast. A replay will be accessible from May 3 to May 10, 2023. FTAI Infrastructure focuses on investments in critical infrastructure sectors, including rail, ports, and energy, aiming for strong cash flows and potential earnings growth.
FTA Infrastructure Inc. (NASDAQ:FIP) reported its Q4 and full-year 2022 results, revealing a net loss of $60,863,000 for Q4 and $177,241,000 for the year. The company declared a cash dividend of $0.03 per share, payable on March 28, 2023. Adjusted EBITDA was $1,808,000 for Q4 and $61,028,000 for the year. Key business updates include the return to full capacity of the Long Ridge power plant, new contracts at Jefferson Terminal and Repauno, and normalization of operations following a U.S. Steel blast furnace outage. These developments reflect ongoing efforts to improve financial performance.
FTAI Infrastructure Inc. (NASDAQ:FIP) will release its Q4 and full year 2022 financial results on March 1, 2023, after Nasdaq's closure. A conference call with management is scheduled for March 2, 2023, at 8:00 A.M. ET, where participants can register and obtain dial-in details. A simultaneous webcast will be available for public listening on the company's website. The earnings supplement will also be accessible online. FTAI Infrastructure focuses on investments in critical infrastructure sectors that provide stable cash flows and potential earnings growth.
FTAI Infrastructure Inc. (NASDAQ:FIP) announced that its Long Ridge Energy Terminal and power plant in Ohio has resumed full operation after a maintenance-related outage due to damage caused by construction debris in its gas turbine. Repairs, expected to be covered under warranty, were completed by the end of Q4 2022. Despite selling natural gas during the outage, Long Ridge anticipates an operating loss for the fourth quarter. CEO Ken Nicholson expressed confidence that the repair was a one-time incident and reinforced optimism for the terminal's future profitability and cash flow.
FTAI Infrastructure Inc. (NASDAQ:FIP) reported Q3 2022 results, revealing a net loss of $44,076,000 or $0.43 per share. The adjusted EBITDA was $26,104,000, with a sequential growth of 25% in core segments. The Board declared a cash dividend of $0.03 per share, payable on November 28, 2022, to shareholders of record by November 14, 2022. Key business highlights include renewing a five-year Exxon contract for refined product shipments and the acquisition of 12,000 acres in West Virginia for gas reserve development.
FTAI Infrastructure Inc. (NASDAQ:FIP) will release its third-quarter 2022 financial results on November 1, 2022, after Nasdaq's closing. The investor relations section of their website will feature the press release and an earnings supplement. A conference call for discussing the results will take place on November 2, 2022, at 8:00 A.M. ET, accessible via registration. A simultaneous webcast will also be available for public listening. FTAI Infrastructure focuses on investing in critical infrastructure with strong cash flows and growth potential.
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