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 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.
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