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FTAI Infrastructure (FIP) Stock News, Oct-Nov 2022

FIP NASDAQ

FTAI Infrastructure Inc. reports developments across a portfolio of critical infrastructure assets in rail, ports and terminals, and power and gas. Company news commonly covers operating results, common-stock dividends, Adjusted EBITDA trends, financing activity, and portfolio actions involving assets such as Transtar, the Wheeling & Lake Erie Railway, Jefferson Terminal, Repauno, and Long Ridge.

Recurring updates also address rail integration, terminal utilization and expansion activity, energy operations, strategic investments, and the company’s externally managed structure through an affiliate of Fortress Investment Group LLC. FIP news often links asset-level developments to debt refinancing, parent-level capital structure, and cash-flow generation across its infrastructure platform.

Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.14%
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dividends earnings
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Rhea-AI Summary

FTAI Infrastructure Inc. (NASDAQ:FIP) will release its third-quarter 2022 financial results on November 1, 2022, after Nasdaq's closing. The investor relations section of their website will feature the press release and an earnings supplement. A conference call for discussing the results will take place on November 2, 2022, at 8:00 A.M. ET, accessible via registration. A simultaneous webcast will also be available for public listening. FTAI Infrastructure focuses on investing in critical infrastructure with strong cash flows and growth potential.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.41%
Tags
conferences earnings

FAQ

What is the current stock price of FTAI Infrastructure (FIP)?

FTAI Infrastructure (FIP) last closed at $2.81.

What is the market cap of FTAI Infrastructure (FIP)?

The market cap of FTAI Infrastructure (FIP) is approximately $332.1M.