Every 10-Q that FTAI Infrastructure Inc. (FIP) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow FIP and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full FIP filings page.
FTAI Infrastructure Inc. reported much higher revenue but substantially worse profitability for the quarter and six months ended June 30, 2026. Total revenues rose to $186.8 million in the quarter from $122.3 million a year earlier, and to $375.1 million for the first half from $218.4 million, driven mainly by growth in the Railroad and Jefferson Terminal businesses and contributions from the Power and Gas segment.
Despite this, the company posted a large net loss attributable to common stockholders of $166.5 million for the quarter and $321.0 million for the first half, compared with a loss of $83.9 million and income of $24.4 million in the prior-year periods. Results were pressured by a $63.2 million asset impairment tied to held-for-sale assets, significantly higher interest expense of $188.0 million year-to-date, and losses on debt extinguishment.
The balance sheet shows total assets of $5.75 billion and total debt of $2.79 billion, with stockholders’ equity at negative $329.8 million and total equity at negative $518.7 million. Long Ridge Energy & Power LLC is classified as held for sale, with assets of $1.66 billion and liabilities of $1.49 billion, and is subject to a pending sale for a base price of $1.52 billion. Management expects this sale and refinancing of the Jefferson bridge loan to be key to meeting upcoming debt maturities and improving liquidity.
FTAI Infrastructure Inc. reported Q1 2026 revenue of $188.4 million, almost double the prior-year period’s $96.2 million, driven by strong growth in Railroad and Power and Gas. Despite higher revenue, the company posted a net loss of $127.2 million versus net income of $120.2 million a year earlier, mainly due to higher interest expense, a $45.9 million loss on debt extinguishment, and $37.2 million of preferred dividends and accretion. Adjusted EBITDA fell to $70.6 million from $155.2 million. Diluted loss per share was $(1.32), compared with earnings of $0.89. Total assets were $5.7 billion, with total debt of $3.8 billion and negative total equity of $303.1 million as of March 31, 2026. The company refinanced its bridge facility with a new $1.35 billion term loan maturing in 2028 and secured a $255 million bridge backstop for 2024 bonds. After quarter-end, it agreed to sell Long Ridge Energy & Power LLC for a base purchase price of $1.52 billion, expected to reduce debt and improve liquidity.
FTAI Infrastructure Inc. (FIP) reported higher revenue but wider losses. Q3 2025 total revenues were $140.6 million, up from $83.3 million a year ago, while the company posted a net loss of $104.5 million versus a $43.0 million loss last year. Loss per share was $1.38 basic and diluted. Interest expense rose to $73.3 million, and results included a $55.2 million loss on debt modification/extinguishment.
Balance sheet and liquidity shifted materially. Total assets rose to $5.45 billion, including a $1,112.7 million investment in The Wheeling Corporation recorded under the equity method due to a voting trust structure. Debt, net increased to $3.73 billion, and the company recorded $906.1 million of redeemable preferred stock (RailCo non‑controlling interest) and $152.6 million of Series B redeemable preferred stock. Management disclosed current liquidity and forecasted cash flows are not sufficient to repay $1.55 billion of debt due in approximately 12 months; plans to refinance key facilities and complete the Wheeling acquisition are underway. Cash, cash equivalents and restricted cash ended the period at $353.9 million.
FTAI Infrastructure Inc. (FIP) reported results and disclosures showing a company actively acquiring and financing infrastructure assets while managing near-term liquidity. The company had $4.4 billion of consolidated assets and 115,087,817 common shares outstanding as of June 30, 2025. Management flagged a liquidity gap: forecasted cash flows and current liquidity are insufficient to repay $302.5 million of debt maturing in about 12 months, and management has approved a multi-part plan including refinancings and consummation of transactions to address this risk.
The company completed major financing and transaction activity in the period: a controlling acquisition of Long Ridge (resulting in a $120.0 million gain on remeasurement), issuance of $300.0 million Tax Exempt Series 2025 Bonds and a $100.0 million DRP DB Term Loan for Repauno, and issuance of Series A and Series B preferred stock (Series A accreting to $435.5 million redemption value; Series B face value $160.0 million, redeemable value shown at $192.0 million). Concentration and operational notes include a large single-customer revenue concentration (approximately 32% of revenues for the three months ended June 30, 2025 in the Railroad segment) and increases in impairment, acquisition-related costs and preferred dividends (including PIK increases).