FTAI Aviation (NASDAQ: FTAI) Q1 2026 profit surges as dividend raised
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
FTAI Aviation Ltd. reported strong first quarter 2026 results, with total revenues of $830.7 million and net income attributable to shareholders of $134.2 million, or $1.31 basic earnings per ordinary share. Adjusted EBITDA reached $325.6 million, reflecting higher operating performance.
The Board increased the quarterly dividend on ordinary shares to $0.45, and declared quarterly dividends of $0.51563 on its Series C preferred shares and $0.59375 on its Series D preferred shares. The company expanded liquidity by amending its revolving credit facility to $2.025 billion and upsizing its SCI I warehouse facility to $3.5 billion, and it announced a strategic packaging and distribution joint venture to support planned 2027 production of 100 Mod-1 CFM56 aeroderivative units.
Positive
- Strong earnings growth: Net income attributable to shareholders rose to $134.2 million in Q1 2026 from $89.9 million in Q1 2025, while Adjusted EBITDA increased to $325.6 million, up $57.0 million year over year.
- Significant aerospace segment expansion: Aerospace Products Revenue of $743.8 million and segment Adjusted EBITDA of $222.6 million grew 104% and 70%, respectively, versus Q1 2025, indicating substantial scaling of the core business.
- Enhanced financing capacity: The revolving credit facility was amended and extended, boosting commitments from $400 million to $2.025 billion and pushing maturity to April 2031, while the SCI I warehouse facility was upsized to $3.5 billion.
- Dividend growth: The quarterly dividend on ordinary shares was raised from $0.40 to $0.45 per share, the third consecutive quarterly increase, supported by strong free cash flow generation.
Negative
- None.
Insights
FTAI posts strong Q1 growth, higher dividend, and expanded funding capacity.
FTAI Aviation delivered robust Q1 2026 results, with net income attributable to shareholders of $134.2 million and Adjusted EBITDA of $325.6 million. Total revenues were $830.7 million, supported by strong aerospace activity and contributions from multiple revenue streams.
The company highlighted Aerospace Products Revenue of $743.8 million and segment Adjusted EBITDA of $222.6 million, increases of 104% and 70% versus Q1 2025. This suggests meaningful year-over-year scaling of its core platform, alongside higher profitability.
Liquidity and growth capacity improved as FTAI amended its revolving credit facility, raising commitments from $400 million to $2.025 billion with maturity extended to April 2031, and increased the SCI I warehouse facility to $3.5 billion. The higher ordinary dividend of $0.45 per share, the third consecutive quarterly increase, signals confidence in free cash flow durability.
8-K Event Classification
2 items: 2.02, 9.01
2 items
Item 2.02
Results of Operations and Financial Condition
Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Total revenues: $830.7M
Net income attributable to shareholders: $134.2M
Basic EPS: $1.31 per share
+7 more
10 metrics
Total revenues
$830.7M
Three months ended March 31, 2026
Net income attributable to shareholders
$134.2M
Q1 2026 consolidated
Basic EPS
$1.31 per share
Q1 2026 earnings per ordinary share
Adjusted EBITDA
$325.6M
Q1 2026 non-GAAP metric
Ordinary share dividend
$0.45 per share
Declared for quarter ended March 31, 2026
Series C preferred dividend
$0.51563 per share
Q1 2026 dividend, payable June 15, 2026
Series D preferred dividend
$0.59375 per share
Q1 2026 dividend, payable June 15, 2026
Revolving credit facility commitments
$2.025B
Amended facility with maturity to April 2031
SCI I warehouse facility
$3.5B
Upsized from $2.5B to support deployment
Aerospace Products Revenue growth
$743.8M
Q1 2026, 104% increase vs Q1 2025
Key Terms
Adjusted EBITDA, Fixed-Rate Reset Series C Cumulative Perpetual Redeemable Preferred Shares, warehouse financing facility, Mod-1 CFM56 aeroderivative units, +1 more
5 terms
Adjusted EBITDA financial
"Selected Financial Results | Q1’26 | Adjusted EBITDA (1) | $ | 325,577"
Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.
warehouse financing facility financial
"Upsized SCI I warehouse financing facility from $2.5 billion to $3.5 billion"
A warehouse financing facility is a short-term credit line a company uses to fund inventory, loans, or goods while those items await sale, securitization, or longer-term financing. Think of it as a temporary bridge loan or rented storage with cash attached; it matters to investors because it affects a company’s liquidity and leverage—reliance on these facilities can speed growth but also raise funding risk if access to the line tightens.
Mod-1 CFM56 aeroderivative units technical
"planned 2027 production target of 100 Mod-1 CFM56 aeroderivative units"
Private Securities Litigation Reform Act of 1995 regulatory
"forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995"
Earnings Snapshot
Total revenues: $830,697,000
Q1 2026
Total revenues
$830,697,000
$328,617,000 vs Q1 2025
Net income attributable to shareholders
$134,190,000
$44,246,000 vs Q1 2025
Adjusted EBITDA (consolidated)
$325,577,000
$57,019,000 vs Q1 2025
Aerospace Products Adjusted EBITDA
$222,576,000
$91,631,000 vs Q1 2025
Basic EPS
$1.31
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): April 29, 2026
(Exact Name of Registrant as Specified in its Charter)
(State or Other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||||||
(Registrant’s Telephone Number, Including Area Code)
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
| Securities registered pursuant to Section 12(b) of the Act: | ||||||||||||||
| Title of each class: | Trading Symbol: | Name of exchange on which registered: | ||||||||||||
Item 2.02 Results of Operations and Financial Condition.
On April 29, 2026, FTAI Aviation Ltd. (“FTAI” or the “Company”) issued a press release announcing the Company's results for its fiscal quarter ended March 31, 2026. A copy of the Company's press release is attached to this Current Report on Form 8-K (the “Current Report”) as Exhibit 99.1 and is incorporated herein solely for purposes of this Item 2.02 disclosure.
This Current Report, including the exhibit attached hereto, is being furnished and shall not be deemed to be filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be incorporated by reference into any of the Company's filings under the Securities Act of 1933, as amended, of the Exchange Act, unless expressly set forth as being incorporated by reference into such filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit Number | Description | |||||||
99.1 | Press release, dated | |||||||
| 104 | Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document. | |||||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
FTAI Aviation Ltd.
By: | /s/ Nicholas McAleese | |||||||
Name: | Nicholas McAleese | |||||||
Title: | Chief Financial Officer | |||||||
Date: April 29, 2026
FTAI Aviation Ltd. Reports First Quarter 2026 Results, Increases Dividend to $0.45 per Ordinary Share
______________________________________________________________________
NEW YORK, April 29, 2026 (GLOBE NEWSWIRE) – FTAI Aviation Ltd. (NASDAQ: FTAI) (the “Company” or “FTAI”) today reported financial results for the first quarter 2026. The Company’s consolidated comparative financial statements and key performance measures are attached as an exhibit to this press release.
Financial Overview
| (in thousands, except per share data) | |||||||||||
| Selected Financial Results | Q1’26 | ||||||||||
| Net Income Attributable to Shareholders | $ | 134,190 | |||||||||
| Basic Earnings per Ordinary Share | $ | 1.31 | |||||||||
| Diluted Earnings per Ordinary Share | $ | 1.29 | |||||||||
Adjusted EBITDA (1) | $ | 325,577 | |||||||||
(1) For definitions and reconciliations of non-GAAP measures, please refer to the exhibit to this press release. | |||||||||||
First Quarter 2026 Dividends
On April 28, 2026, the Company’s Board of Directors (the “Board”) declared a cash dividend on its ordinary shares of $0.45 per share for the quarter ended March 31, 2026, payable on May 26, 2026 to the holders of record on May 13, 2026.
Additionally, on April 28, 2026, the Board declared cash dividends on its Fixed-Rate Reset Series C Cumulative Perpetual Redeemable Preferred Shares (“Series C Preferred Shares”) and Fixed-Rate Reset Series D Cumulative Perpetual Redeemable Preferred Shares (“Series D Preferred Shares”) of $0.51563 and $0.59375 per share, respectively, for the quarter ended March 31, 2026, payable on June 15, 2026 to the holders of record on June 1, 2026.
Business Highlights
•Generated Aerospace Products Revenue of $743.8 million and Adjusted EBITDA of $222.6 million in Q1 2026, an increase of 104% and 70%, respectively, compared to Q1 2025.(1)
•Amended and extended existing revolving credit facility with the support of a 15 lender syndicate, increasing total commitments from $400 million to $2.025 billion and extending maturity to April 2031.
•Upsized SCI I warehouse financing facility from $2.5 billion to $3.5 billion to support the remaining deployment of the vehicle.
•Announced a strategic packaging and distribution joint venture with Jereh Group, a global leader in gas turbine mobile packaging, to support the planned 2027 production target of 100 Mod-1 CFM56 aeroderivative units.(2)
•Increased quarterly dividend for the third consecutive quarter, raising it from $0.40 to $0.45 per share, supported by continued strong free cash flow generation.
“FTAI delivered another quarter of strong execution across all three of our platforms, led by continued momentum in our core Aerospace Products offering and an expanding, increasingly diverse customer base,” said Joe Adams, Chairman and CEO. “End market demand remains robust, and our team executed well as we continue to scale the business. With a further strengthened balance sheet and significant capital available to deploy, we are well positioned to pursue attractive opportunities we see in the market to deliver sustained growth and long-term value creation for our shareholders in 2026 and beyond.”
(1)For definitions and reconciliations of non-GAAP measures, please refer to the exhibit to this press release.
(2)This is a forward-looking statement. Please see Cautionary Note Regarding Forward-Looking Statements below.
1
Additional Information
For additional information that management believes to be useful for investors, please refer to the presentation posted on the Investor Center section of the Company’s website, https://www.ftaiaviation.com/, and the Company’s Annual Report on Form 10-K and Quarterly Report on Form 10-Q, when available on the Company’s website. Nothing on the Company’s website is included or incorporated by reference herein.
Conference Call
In addition, management will host a conference call on Thursday, April 30, 2026 at 8:00 A.M. Eastern Time. The conference call may be accessed by registering via the following link https://register-conf.media-server.com/register/BI473c73de9b164133be498d6715eae345. Once registered, participants will receive a dial-in and unique pin to access the call.
A simultaneous webcast of the conference call will be available to the public on a listen-only basis at https://www.ftaiaviation.com/. Please allow extra time prior to the call to visit the site and download the necessary software required to listen to the internet broadcast.
A replay of the conference call will be available after 11:30 A.M. on Thursday, April 30, 2026 through 11:30 A.M. on Thursday, May 7, 2026 on https://ir.ftaiaviation.com/news-events/presentations/.
The information contained on, or accessible through, any websites included in this press release is not incorporated by reference into, and should not be considered a part of, this press release.
About FTAI Aviation Ltd.
FTAI combines advanced turbine technology and asset ownership to power the world’s most essential markets. Additional information is available at https://www.ftaiaviation.com/.
Cautionary Note Regarding Forward-Looking Statements
Certain statements in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, whether SCI I will be able to complete deployment of capital, FTAI Power remaining on track to deliver FTAI Mod-1 and meet planned production of 100 units on time or at all, and the ability to create sustained growth and long-term value creation for our shareholders in 2026 and beyond. These statements are based on management's current expectations and beliefs and are subject to a number of trends and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements, many of which are beyond the Company’s control. The Company can give no assurance that its expectations will be attained and such differences may be material. Accordingly, you should not place undue reliance on any forward-looking statements contained in this press release. For a discussion of some of the risks and important factors that could affect such forward-looking statements, see the sections entitled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the Company’s most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, which are available on the Company’s website (www.ftaiaviation.com). In addition, new risks and uncertainties emerge from time to time, and it is not possible for the Company to predict or assess the impact of every factor that may cause its actual results to differ from those contained in any forward-looking statements. Such forward-looking statements speak only as of the date of this press release. The Company expressly disclaims any obligation to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with regard thereto or change in events, conditions, or circumstances on which any statement is based. This release shall not constitute an offer to sell or the solicitation of an offer to buy any securities.
For further information, please contact: Alan Andreini Investor Relations FTAI Aviation Ltd. (646) 734-9414 aandreini@ftaiaviation.com | Media: Tim Lynch / Aaron Palash / Kelly Sullivan Joele Frank, Wilkinson Brimmer Katcher (212) 355-4449 | ||||
2
Exhibit - Financial Statements
FTAI AVIATION LTD.
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)
(Dollar amounts in thousands, except share and per share data)
| Three Months Ended March 31, | |||||||||||
| 2026 | 2025 | ||||||||||
| Revenues | |||||||||||
| Aerospace products revenue | $ | 522,585 | $ | 264,425 | |||||||
| MRE Contract revenue | 221,230 | 100,638 | |||||||||
| Lease income | 39,892 | 68,440 | |||||||||
| Maintenance revenue | 30,599 | 49,607 | |||||||||
| Asset sales revenue | 10,184 | 18,939 | |||||||||
Other revenue (1) | 6,207 | 31 | |||||||||
| Total revenues | 830,697 | 502,080 | |||||||||
| Expenses | |||||||||||
| Cost of sales | 524,268 | 248,714 | |||||||||
| Operating expenses | 64,987 | 32,438 | |||||||||
| General and administrative | 2,413 | 3,116 | |||||||||
| Acquisition and transaction expenses | 16,361 | 7,292 | |||||||||
| Depreciation and amortization | 52,289 | 59,562 | |||||||||
| Total expenses | 660,318 | 351,122 | |||||||||
Other (expense) income | |||||||||||
| Interest expense | (61,407) | (62,040) | |||||||||
Equity in losses of unconsolidated entities (2) | (2,363) | (7,614) | |||||||||
Gain on sale to the 2025 Partnership | 15,168 | 10,870 | |||||||||
| Other income | 47,582 | 33,071 | |||||||||
| Total other expense | (1,020) | (25,713) | |||||||||
Income before income taxes | 169,359 | 125,245 | |||||||||
Provision for income taxes | 31,460 | 22,859 | |||||||||
Net income | 137,899 | 102,386 | |||||||||
| Less: Dividends on preferred shares | 3,709 | 6,115 | |||||||||
| Less: Loss on redemption of preferred shares | — | 6,327 | |||||||||
Net income attributable to shareholders | $ | 134,190 | $ | 89,944 | |||||||
Earnings per share: | |||||||||||
| Basic | $ | 1.31 | $ | 0.88 | |||||||
| Diluted | $ | 1.29 | $ | 0.87 | |||||||
| Weighted average shares outstanding: | |||||||||||
| Basic | 102,575,500 | 102,552,436 | |||||||||
| Diluted | 104,255,902 | 103,159,051 | |||||||||
(1)Includes servicing fees of $5,861 and $0 for the three months ended March 31, 2026 and 2025, respectively, from the 2025 Partnership.
(2)Includes the profit elimination of $(10,000) and $(6,950) for the three months ended March 31, 2026 and 2025, respectively, for sales to the 2025 Partnership.
3
FTAI AVIATION LTD.
CONSOLIDATED BALANCE SHEETS
(Dollar amounts in thousands, except share and per share data)
| (Unaudited) | |||||||||||
| March 31, 2026 | December 31, 2025 | ||||||||||
| Assets | |||||||||||
| Current Assets | |||||||||||
| Cash and cash equivalents | $ | 412,240 | $ | 300,476 | |||||||
Accounts receivable, net (1) | 176,873 | 209,907 | |||||||||
| Inventory, net | 1,364,256 | 1,193,773 | |||||||||
| Assets held for sale | 75,703 | — | |||||||||
Other current assets (2) | 561,202 | 408,364 | |||||||||
| Total current assets | 2,590,274 | 2,112,520 | |||||||||
| Leasing equipment, net | 1,248,793 | 1,545,804 | |||||||||
| Property, plant, and equipment, net | 122,136 | 120,068 | |||||||||
| Investments | 313,039 | 314,156 | |||||||||
| Intangible assets, net | 12,872 | 19,929 | |||||||||
| Goodwill | 94,221 | 94,221 | |||||||||
| Other non-current assets | 147,576 | 167,060 | |||||||||
| Total assets | $ | 4,528,911 | $ | 4,373,758 | |||||||
| Liabilities | |||||||||||
| Current Liabilities | |||||||||||
| Accounts payable | $ | 203,751 | $ | 208,224 | |||||||
| Accrued liabilities | 136,503 | 90,009 | |||||||||
| Current maintenance deposits | 21,546 | 25,439 | |||||||||
| Current security deposits | 12,354 | 14,001 | |||||||||
| Liabilities held for sale | 23,420 | — | |||||||||
| Other current liabilities | 96,774 | 62,202 | |||||||||
| Total current liabilities | 494,348 | 399,875 | |||||||||
| Long-term debt, net | 3,451,087 | 3,448,891 | |||||||||
| Non-current maintenance deposits | 21,764 | 46,237 | |||||||||
| Non-current security deposits | 9,003 | 15,211 | |||||||||
| Other non-current liabilities | 121,033 | 129,370 | |||||||||
| Total liabilities | $ | 4,097,235 | $ | 4,039,584 | |||||||
| Commitments and contingencies | |||||||||||
| Equity | |||||||||||
Ordinary shares ($0.01 par value per share; 2,000,000,000 shares authorized; 102,580,660 and 102,573,283 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively) | $ | 1,026 | $ | 1,026 | |||||||
Preferred shares ($0.01 par value per share; 200,000,000 shares authorized; 6,800,000 and 6,800,000 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively) | 68 | 68 | |||||||||
| Additional paid in capital | 54,911 | 50,567 | |||||||||
| Retained earnings | 375,671 | 282,513 | |||||||||
| Shareholders' equity | 431,676 | 334,174 | |||||||||
| Total liabilities and equity | $ | 4,528,911 | $ | 4,373,758 | |||||||
(1)Includes accounts receivable from the 2025 Partnership of $35,422 and $47,294 as of March 31, 2026 and December 31, 2025, respectively.
(2)Includes receivables from the 2025 Partnership of $18,908 and $20,681 as of March 31, 2026 and December 31, 2025, respectively.
4
Key Performance Measures
In addition to net income (loss), the Chief Operating Decision Maker (“CODM”), who is the Company’s Chief Executive Officer, utilizes Adjusted EBITDA as a key performance measure. Adjusted EBITDA is not a financial measure in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”). This performance measure provides the CODM with the information necessary to assess operational performance and make resource and allocation decisions. We believe Adjusted EBITDA is a useful metric for investors and analysts for similar purposes of assessing our operational performance.
Adjusted EBITDA is defined as net income (loss) attributable to shareholders, adjusted (a) to exclude the impact of provision for (benefit from) income taxes, equity-based compensation expense, acquisition and transaction expenses, losses on the modification or extinguishment of debt and preferred shares and capital lease obligations, asset impairment charges, incentive allocations, depreciation and amortization expense, interest expense and dividends on preferred shares, internalization fee to affiliate, (b) to include the impact of our pro-rata share of Adjusted EBITDA from unconsolidated entities and (c) to exclude the impact of equity in earnings (losses) of unconsolidated entities, if any.
Reconciliations of forward-looking non-GAAP financial measures to their most directly comparable GAAP financial measures are not included in this press release because the most directly comparable GAAP financial measures are not available on a forward-looking basis without unreasonable effort.
The following table sets forth a reconciliation of net income attributable to shareholders to Adjusted EBITDA for the three months ended March 31, 2026 and 2025:
| Three Months Ended March 31, | Change | ||||||||||||||||
| (in thousands) | 2026 | 2025 | |||||||||||||||
Net income attributable to shareholders | $ | 134,190 | $ | 89,944 | $ | 44,246 | |||||||||||
Add: Provision for income taxes | 31,460 | 22,859 | 8,601 | ||||||||||||||
| Add: Equity-based compensation expense | 6,347 | 4,889 | 1,458 | ||||||||||||||
| Add: Acquisition and transaction expenses | 16,361 | 7,292 | 9,069 | ||||||||||||||
| Add: Losses on the modification or extinguishment of debt and preferred shares and capital lease obligations | — | 6,327 | (6,327) | ||||||||||||||
| Add: Asset impairment charges | — | — | — | ||||||||||||||
| Add: Incentive allocations | — | — | — | ||||||||||||||
Add: Depreciation and amortization expense (1) | 59,513 | 68,387 | (8,874) | ||||||||||||||
| Add: Interest expense and dividends on preferred shares | 65,116 | 68,155 | (3,039) | ||||||||||||||
| Add: Internalization fee to affiliate | — | — | — | ||||||||||||||
Add: Pro-rata share of Adjusted EBITDA from unconsolidated entities (2) | 20,227 | 41 | 20,186 | ||||||||||||||
Less: Equity in (earnings) losses of unconsolidated entities (3) | (7,637) | 664 | (8,301) | ||||||||||||||
| Adjusted EBITDA (non-GAAP) | $ | 325,577 | $ | 268,558 | $ | 57,019 | |||||||||||
(1)Includes the following items for the three months ended March 31, 2026 and 2025: (i) depreciation and amortization expense of $52,289 and $59,562, (ii) lease intangible amortization of $337 and $3,206, and (iii) amortization for lease incentives of $6,887 and $5,619, respectively.
(2)Includes the following items for the three months ended March 31, 2026 and 2025: (i) net income of $7,637 and net loss of $664, (ii) interest expense of $3,496 and $0, (iii) depreciation and amortization expense of $9,067 and $158, (iv) acquisition and transaction expenses of $0 and $547, and (v) tax expense of $27 and $0, respectively.
(3)Excludes the profit elimination of $10,000 and $6,950 for the three months ended March 31, 2026 and 2025, respectively, for sales to the 2025 Partnership.
5
In addition, the following table sets forth a reconciliation of net income attributable to shareholders to Adjusted EBITDA for Aerospace Products for the three months ended March 31, 2026 and 2025:
| Three Months Ended March 31, | Change | ||||||||||||||||
| (in thousands) | 2026 | 2025 | |||||||||||||||
| Net income attributable to shareholders | $ | 183,735 | $ | 106,643 | $ | 77,092 | |||||||||||
| Add: Provision for income taxes | 33,697 | 19,375 | 14,322 | ||||||||||||||
| Add: Equity-based compensation expense | 27 | 155 | (128) | ||||||||||||||
| Add: Acquisition and transaction expenses | (15) | 1,132 | (1,147) | ||||||||||||||
| Add: Losses on the modification or extinguishment of debt and preferred shares and capital lease obligations | — | — | — | ||||||||||||||
| Add: Asset impairment charges | — | — | — | ||||||||||||||
| Add: Incentive allocations | — | — | — | ||||||||||||||
| Add: Depreciation and amortization expense | 4,678 | 3,584 | 1,094 | ||||||||||||||
| Add: Interest expense and dividends on preferred shares | — | — | — | ||||||||||||||
| Add: Internalization fee to affiliate | — | — | — | ||||||||||||||
Add: Pro-rata share of Adjusted EBITDA from unconsolidated entities (1) | 414 | 169 | 245 | ||||||||||||||
Less: Equity in losses (earnings) of unconsolidated entities | 40 | (113) | 153 | ||||||||||||||
| Adjusted EBITDA (non-GAAP) | $ | 222,576 | $ | 130,945 | $ | 91,631 | |||||||||||
(1)Includes the following items for the three months ended March 31, 2026 and 2025: (i) net loss of $40 and net income of $113, (ii) depreciation and amortization expense of $427 and $56, and (iii) tax expense of $27 and $0, respectively.
6
FAQ
How did FTAI (FTAI) perform financially in the first quarter of 2026?
FTAI reported $830.7 million in total revenues and $134.2 million in net income attributable to shareholders for Q1 2026. Basic earnings per ordinary share were $1.31, and Adjusted EBITDA reached $325.6 million, reflecting strong operating performance across its platforms.
How much did FTAI (FTAI) increase its revolving credit facility and warehouse financing?
FTAI amended and extended its revolving credit facility, increasing total commitments from $400 million to $2.025 billion with maturity extended to April 2031. It also upsized the SCI I warehouse financing facility from $2.5 billion to $3.5 billion to support further deployment.
How did FTAI’s Aerospace Products segment perform in Q1 2026?
In Q1 2026, FTAI generated Aerospace Products Revenue of $743.8 million and segment Adjusted EBITDA of $222.6 million. Both metrics increased sharply year over year, with revenue up 104% and Adjusted EBITDA up 70% compared to Q1 2025, indicating strong growth.
What EPS did FTAI (FTAI) report for the first quarter of 2026?
FTAI reported basic earnings per ordinary share of $1.31 and diluted earnings per ordinary share of $1.29 for Q1 2026. These figures are based on weighted average basic shares outstanding of 102,575,500 and diluted shares of 104,255,902 during the quarter.