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Mar 31, 2023
FTAI Infrastructure Q1 2023 Earnings Report
Reported financial results for the first quarter of 2023.
Key Takeaways
FTAI Infrastructure Inc. reported a net loss attributable to stockholders of $40.589 million, a basic loss per share of $0.39, and an adjusted EBITDA of $21.896 million for the first quarter of 2023. The company declared a cash dividend of $0.03 per share of common stock.
Transtar's Adjusted EBITDA increased to $17.2 million, driven by growth in carload volumes and average rate per carload.
Jefferson Terminal commenced service under the Exxon marine contract.
Repauno experienced an Adjusted EBITDA loss of $4.9 million due to costs incurred to prepare for a new multi-year tolling contract.
Long Ridge returned to normal operations in early January following a power plant outage in the fourth quarter of 2022.
Forward Guidance
No forward guidance was given in the provided text.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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