FTAI Infrastructure Inc. filings document the company’s operating results, infrastructure portfolio disclosures, financing arrangements, and corporate governance matters. Its 8-K reports include quarterly results, dividend announcements, Regulation FD materials, material definitive agreements, and capital-structure updates tied to secured term loan facilities and asset-level financing.
The company’s proxy filings cover annual meeting matters, board and shareholder voting items, and governance procedures. Other filings record reporting-status matters such as Form 12b-25 late-filing notices and auditor changes, including the appointment and dismissal of independent registered public accounting firms. Together, the filings describe FIP’s rail, terminal, and energy assets, debt covenants, shareholder matters, and financial reporting controls.
FTAI Infrastructure Inc. reported Q1 2026 revenue of $188.4 million, almost double the prior-year period’s $96.2 million, driven by strong growth in Railroad and Power and Gas. Despite higher revenue, the company posted a net loss of $127.2 million versus net income of $120.2 million a year earlier, mainly due to higher interest expense, a $45.9 million loss on debt extinguishment, and $37.2 million of preferred dividends and accretion. Adjusted EBITDA fell to $70.6 million from $155.2 million. Diluted loss per share was $(1.32), compared with earnings of $0.89. Total assets were $5.7 billion, with total debt of $3.8 billion and negative total equity of $303.1 million as of March 31, 2026. The company refinanced its bridge facility with a new $1.35 billion term loan maturing in 2028 and secured a $255 million bridge backstop for 2024 bonds. After quarter-end, it agreed to sell Long Ridge Energy & Power LLC for a base purchase price of $1.52 billion, expected to reduce debt and improve liquidity.
FTAI Infrastructure Inc. reported a sharp swing to a loss in the first quarter of 2026 while announcing a major asset sale and a small dividend. Total revenues rose to $188.4 million from $96.2 million a year earlier, but the company posted a net loss attributable to common stockholders of $154.5 million, or $(1.32) per share, compared with net income of $108.3 million in the prior-year period. The loss reflected heavy interest expense of $82.5 million and a $45.9 million loss on debt modification or extinguishment. Adjusted EBITDA, the company’s key non-GAAP measure, was $70.6 million, including $78.8 million from its four core segments.
On April 30, 2026, FTAI Infrastructure agreed to sell its Long Ridge business to MARA Holdings, Inc. for a $1.52 billion transaction value. At closing, the company expects to eliminate $1.16 billion of Long Ridge debt and use net proceeds to repay about $300 million of parent-level debt, which is intended to lower interest expense and increase free cash flow. Segment performance was strong in rail and Jefferson, while Repauno’s phase two expansion remained on track for early 2027 operations. The board declared a $0.03 per-share cash dividend on common stock for the quarter, payable June 12, 2026 to holders of record on May 18, 2026.
FTAI Infrastructure Inc. is selling its Long Ridge Energy & Power business to a MARA Holdings subsidiary in a major deleveraging deal. Under a definitive equity purchase agreement, the buyer will acquire all Long Ridge interests for a base purchase price of $1.512 billion, with total transaction value described as approximately $1.52 billion before closing adjustments.
Long Ridge includes a 485‑megawatt combined cycle gas plant, gas production interests and about 1,600 acres along the Ohio River. FTAI Infrastructure plans to use net proceeds, after repaying asset‑level debt, to eliminate $1.16 billion of Long Ridge debt and repay roughly $300 million of corporate debt, aiming to reduce leverage and increase free cash flow.
The transaction is expected to close in the third quarter of 2026, subject to customary conditions such as regulatory approvals from the Federal Energy Regulatory Commission, antitrust clearance under the Hart‑Scott‑Rodino Act and Surface Transportation Board authorization for related rail agreements. Buyer financing includes a Debt Commitment Letter for up to $785 million of 364‑day bridge term loans, and a $75 million termination fee may be payable to the sellers if debt financing fails in specified circumstances.
FTAI Infrastructure Inc. is asking shareholders to vote at its 2026 annual meeting on May 29, 2026 at 9:00 a.m. Eastern Time in New York. Holders of common stock at the close of business on April 1, 2026 may vote in person, by Internet, telephone, or proxy card.
Shareholders will elect one Class I director, with the board unanimously nominating incumbent James L. Hamilton for a term lasting until the 2029 annual meeting, and will vote on approving KPMG LLP as independent registered public accounting firm for the fiscal year ending December 31, 2026.
The company highlights that a majority of directors are independent under Nasdaq standards, key committees are fully independent, and executives are employed and paid by an external manager. Major holders include several institutions with more than five percent ownership of the company’s common stock.
FTAI Infrastructure Inc. changed its independent auditor, appointing KPMG LLP as its registered public accounting firm for the fiscal year ending December 31, 2026. The Board’s Audit Committee approved the engagement and its scope, and the full Board ratified the decision.
In connection with this move, the company dismissed Ernst & Young LLP, which had served as auditor since 2021. EY’s audit reports for the years ended December 31, 2025 and 2024 contained no adverse opinions, disclaimers, or qualifications, and the company reports no disagreements or reportable events with EY over that period.
FTAI Infrastructure Inc. reported an internal adjustment to its Series B Preferred Stock held by affiliated funds. LIF AIV 1, L.P. and Labor Impact Fund, L.P. received a regular quarterly dividend on 160,000 shares of Series B Preferred Stock through an increase in the shares’ Stated Value, equal to a 10% per annum rate for the preceding quarter.
This non-cash dividend raises the number of shares of Common Stock into which the preferred shares are convertible by 532,146. As of this change, the Series B Preferred Stock owned in the aggregate by LIF AIV and Labor Impact Fund is convertible into 21,817,927 shares of Common Stock. The interests are held through a chain of GCM Grosvenor-related entities, which disclaim beneficial ownership beyond their pecuniary interest.
FTAI Infrastructure Inc ownership disclosure: The Vanguard Group amended its Schedule 13G to report 0 shares beneficially owned, representing 0% of the class.
The amendment explains an internal realignment effective January 12, 2026, under SEC Release No. 34-39538, under which certain Vanguard subsidiaries now report holdings separately and Vanguard Inc. no longer is deemed to beneficially own securities held by those subsidiaries.
FTAI Infrastructure Inc. filed a Form S-3 shelf registration to register an unspecified aggregate offering of common stock, preferred stock, depositary shares, debt securities, warrants, subscription rights, purchase contracts and purchase units from time to time after the effective date. The prospectus also registers 2,852,049 shares of common stock that may be resold by selling stockholders, including Fortress Investment Group LLC.
The registration is an "automatic shelf" by a WKSI and permits offerings in one or more tranches with terms described in prospectus supplements; resale shares are held by selling stockholders and the company will not receive proceeds from sales by those holders.
FTAI Infrastructure Inc. reports a diversified 2025 infrastructure platform focused on railroads, ports and terminals, power and gas, and sustainability investments. For the year ended December 31, 2025, Railroad generated 34% of total revenue, Power and Gas 36%, Ports and Terminals 19%, and corporate and other 11%.
The company had total consolidated assets of $5.7 billion and redeemable preferred stock and equity of $944.0 million as of December 31, 2025. Major 2025 moves included the $1.05 billion acquisition of The Wheeling Corporation, full consolidation of the 485‑megawatt Long Ridge power business following a 49.9% interest repurchase, and a $1.0 billion Long Ridge refinancing.
FTAI Infrastructure highlights long-term contracts such as Transtar’s 15‑year railway services agreement with U.S. Steel and multi-year throughput agreements at Jefferson Terminal. It also emphasizes exposure to macroeconomic, regulatory, environmental and customer-concentration risks, while targeting overall corporate leverage at no greater than 50% of total capital.