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Dec 31, 2023
FTAI Infrastructure Q4 2023 Earnings Report
Reported financial results for the fourth quarter and full year 2023.
Key Takeaways
FTAI Infrastructure Inc. reported record Q4 core segment Adjusted EBITDA of $42.4 million and consolidated Adjusted EBITDA of $33.3 million. Transtar and Jefferson Terminal generated record Adjusted EBITDA, with increases in carload volume and throughput, respectively.
Q4 core segment Adj. EBITDA of $42.4 million, and consolidated Adj. EBITDA of $33.3 million – both quarterly records.
Transtar generated Adj. EBITDA of $23.6 million in Q4, a record, with increases in both carload volume and average rate per carload versus Q3.
Jefferson Terminal generated Adj. EBITDA of $14.3 million in Q4, averaging an all-time high of 185,000 barrels per day of throughput at the terminal.
Declared a cash dividend on its common stock of $0.03 per share for the quarter ended December 31, 2023.
Forward Guidance
No forward guidance was given in the earnings report.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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