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Dec 31, 2022
FTAI Infrastructure Q4 2022 Earnings Report
Reported financial results for the fourth quarter and full year 2022.
Key Takeaways
FTAI Infrastructure Inc. reported a net loss attributable to stockholders of $(60.86) million, or $(0.59) per share. Adjusted EBITDA was $1.81 million. The results were impacted by an extended maintenance outage at Long Ridge to repair damage to a gas turbine.
Q4 consolidated results were impacted by an extended maintenance outage at Long Ridge to repair damage to a gas turbine.
Power plant returned to full operational status at the end of the fourth quarter and, to date, has operated near 100% capacity while continuing to produce excess gas
At Jefferson Terminal, completed and commissioned storage and related infrastructure for new 10-year marine export contract with Exxon; commenced on January 1, with full ramp-up expected by April 1
Transtar Q4 results impacted by the idling of a U.S. Steel blast furnace for the quarter; the blast furnace returned to operation during Q1’23 and volumes have normalized
Forward Guidance
No specific forward guidance was provided in the press release.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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