FTAI INFRASTRUCTURE INC Stock Price, News & Analysis

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.