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FTAI Infrastructure Inc (FIP) delivers essential industrial solutions through rail networks, port operations, and sustainable energy projects. This news hub provides investors and industry professionals with centralized access to official announcements and strategic developments across all company segments.
Track critical updates including quarterly earnings reports, infrastructure project milestones, and energy transition initiatives. Our curated collection features press releases covering rail logistics expansions, terminal operational updates, and sustainability partnerships, ensuring comprehensive visibility into FIP's multifaceted operations.
Discover timely information on strategic acquisitions, port capacity enhancements, and power generation investments. This resource serves analysts and stakeholders seeking to monitor FIP's progress in optimizing industrial logistics while advancing cleaner energy solutions.
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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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