FTAI Infrastructure Reports Q3 2024 Earnings
Company Announcements

FTAI Infrastructure Reports Q3 2024 Earnings

FTAI Infrastructure Incorporation ( (FIP) ) has released its Q3 earnings. Here is a breakdown of the information FTAI Infrastructure Incorporation presented to its investors.

FTAI Infrastructure Inc. is an investment company that focuses on critical infrastructure projects in the rail, ports and terminals, and power and gas sectors, known for generating stable cash flows and having high barriers to entry. In its third quarter of 2024 earnings report, FTAI Infrastructure announced a net loss of $49.9 million with an adjusted EBITDA of $36.9 million, and declared a dividend of $0.03 per share. The company highlighted significant progress in its infrastructure projects, including a long-term contract and new construction at Repauno, and on-schedule developments at Jefferson, alongside outstanding performance at its Long Ridge power plant. Despite reporting a net loss, FTAI Infrastructure demonstrated operational strength with a substantial adjusted EBITDA and progress in key projects, signaling a potential for future growth. Looking ahead, management anticipates continued improvements in their capacity and earnings, supported by strategic developments and project completions.

Related Articles
TheFlyFTAI Infrastructure reports Q3 EPS (45c), consensus (40c)
TheFlyFTAI Infrastructure price target raised to $13 from $11 at Compass Point
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App