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Jun 30, 2024
FTAI Infrastructure Q2 2024 Earnings Report
Reported second quarter 2024 results.
Key Takeaways
FTAI Infrastructure Inc. reported a net loss attributable to stockholders of $54.35 million, or $(0.52) per share. Adjusted EBITDA from four core segments was $41.8 million, up 12% from the first quarter.
Second quarter Adjusted EBITDA from four core segments of $41.8 million, up 12% from first quarter.
Transtar generated revenue of $45.6 million as carloads remain steady and average rates per car hit record level; car repair facility fully operational for the quarter with strong momentum.
Jefferson Terminal throughput and revenue represented record quarterly levels.
Long Ridge revenue reflects May scheduled maintenance outage; recently announced results from power capacity auction to add substantial EBITDA for mid-2025 to mid-2026 period.
Forward Guidance
Transtar’s continued momentum, and Long Ridge’s potential ability to add substantial EBITDA for mid-2025 to mid-2026 period.
Positive Outlook
- Transtar’s continued momentum
- Long Ridge’s potential ability to add substantial EBITDA for mid-2025
- Long Ridge’s potential ability to add substantial EBITDA for mid-2026 period
Historical Earnings Impact
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Avg. Return Before/After Earnings
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