FTAI Infrastructure Incorporation ( (FIP) ) has released its Q4 earnings. Here is a breakdown of the information FTAI Infrastructure Incorporation presented to its investors.
FTAI Infrastructure Inc. is a company that invests in critical infrastructure across the rail, ports and terminals, and power and gas sectors, aiming to generate stable cash flows and potential earnings growth. The company recently released its financial results for the fourth quarter and full year of 2024, highlighting a net loss attributable to stockholders of $298.1 million for the year. Despite the loss, the company declared a dividend of $0.03 per share for its common stock.
The financial report revealed a basic and diluted loss per share of $2.75 for the year, with an adjusted EBITDA of $127.6 million. Key business highlights included the closure of a debt refinancing and the purchase of a 49.9% third-party stake in Long Ridge, expected to generate approximately $160 million of annual adjusted EBITDA. Additionally, the company signed a second contract at Repauno for phase two NGL exports, projected to contribute around $50 million annually.
FTAI Infrastructure also announced revenue under three long-term contracts at Jefferson, expected to commence in the spring and summer, contributing approximately $25 million of annual adjusted EBITDA. The company is actively pursuing multiple M&A opportunities in the market at Transtar, indicating a strategic focus on expansion and growth.
Looking ahead, FTAI Infrastructure’s management remains focused on leveraging its strategic investments and contracts to improve financial performance. The company’s outlook suggests a commitment to enhancing shareholder value through strategic initiatives and operational efficiencies.