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Sep 30, 2024
FTAI Infrastructure Q3 2024 Earnings Report
Reported third quarter results and declared a dividend of $0.03 per share of common stock.
Key Takeaways
FTAI Infrastructure Inc. reported financial results for the third quarter 2024. The company's Board of Directors declared a cash dividend on its common stock of $0.03 per share for the quarter ended September 30, 2024.
Signed long-term contract and additional LOI at Repauno and commenced construction for phase 2 transloading system.
Construction projects at Jefferson progressing on schedule, on budget for contracts commencing in 2025.
Long Ridge power plant operated at a 99% capacity factor.
New capacity pricing for 2025-26 season represents $16 million of incremental annual Adj. EBITDA and expected to continue for foreseeable future.
Forward Guidance
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, Transtar’s continued momentum, and Long Ridge’s potential ability to add substantial EBITDA for mid-2025 to mid-2026 period.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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