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.
News about FTAI Infrastructure Inc. (NASDAQ:FIP) focuses on its activities in rail, ports and terminals, and power and gas infrastructure. Company press releases and SEC-related communications highlight developments across its freight rail platform, deep-water port and terminal assets, and power and gas investments, providing investors with regular updates on operational performance and corporate actions.
Rail-related news often covers FTAI Infrastructure’s Transtar freight rail business and its acquisition of The Wheeling Corporation, owner of the Wheeling & Lake Erie Railway Company and Akron Barberton Cluster Railway Company. Announcements have detailed the stock purchase agreement, financing arrangements, the use of a voting trust under U.S. Surface Transportation Board rules, and subsequent STB approval for control of the Wheeling & Lake Erie Railway Company and plans to combine operations with Transtar.
Ports and terminals updates include developments at the Jefferson Terminal segment and the Repauno Port and Rail Terminal. Recent news has described regulatory approval for new underground granite caverns at Repauno for liquefied petroleum gas storage, expansion of infrastructure, and new contracts or letters of intent at Repauno and Jefferson, reflecting ongoing project and contract activity at these assets.
Power and gas news commonly addresses the company’s equity method investment in Long Ridge Energy & Power LLC, including refinancing, changes in ownership, gas production, and potential strategic alternatives. Earnings releases provide quarterly and annual financial results, segment-level highlights, Adjusted EBITDA figures, and dividend declarations on common stock, along with details on scheduled earnings calls and webcasts.
Investors and analysts following FIP news can expect updates on acquisitions and financing transactions, regulatory approvals, infrastructure expansion projects, segment performance, and capital allocation decisions across the company’s rail, ports and terminals, and power and gas portfolio.
FTAI Infrastructure (NASDAQ: FIP) has scheduled its fourth quarter and full year 2024 earnings announcement for Thursday, February 27, 2025, after Nasdaq's closing. The company will host a conference call on Friday, February 28, 2025, at 8:00 A.M. Eastern Time to discuss the results.
Participants can access the call by registering online and will receive a dial-in number and unique PIN. A simultaneous webcast will be available on the company's website. A replay of the conference call will be accessible from 11:30 A.M. on February 28 through March 7, 2025.
FTAI Infrastructure primarily invests in critical infrastructure across rail, ports and terminals, and power and gas sectors, focusing on assets that generate stable cash flows with potential for earnings growth.
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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