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FTAI Infrastructure Incorporation (FIP)
NASDAQ:FIP
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Earnings Data
Report Date
Feb 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.37Last Year’s EPS
-$0.47Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2024
|% Change Since: -15.19%
|Next Earnings Date:Feb 26, 2025
Earnings Call Sentiment|Positive
FTAI Infrastructure reported strong adjusted EBITDA growth and significant future opportunities across its segments, including successful contract executions and prospects for increased cash flow. However, challenges such as high debt levels and revenue declines in certain segments were noted. The overall sentiment reflects optimism about future growth potential despite some financial pressures.Company Guidance
During the FTAI Infrastructure Q3 2024 earnings call, the company reported a record adjusted EBITDA of $36.9 million, marking an 8% increase from Q2 2024 and a 50% year-over-year rise. The company anticipates robust future growth, with $70 million in incremental annual EBITDA from contracts and commitments, potentially pushing total annual EBITDA to about $220 million. If upcoming new business opportunities are secured, the annual EBITDA could surpass $300 million. Notable achievements include Transtar's $21.1 million adjusted EBITDA and Jefferson's $11.8 million. The company is also planning accretive debt financings, including $300 million for Repauno's Phase II construction and refinancing at Long Ridge, aiming to enhance cash flow and reduce fixed charges. Overall, FTAI Infrastructure is optimistic about its financial trajectory and ongoing strategic initiatives.Record Adjusted EBITDA
Adjusted EBITDA reached $36.9 million in Q3 2024, marking an 8% increase from Q2 2024 and a 50% increase year-over-year from Q3 2023.
Growth Potential in Portfolio
The company estimates a total annual EBITDA potential exceeding $300 million from current and potential contracts, excluding new investments or acquisitions.
Successful Segment Performance
Transtar posted $21.1 million in adjusted EBITDA, maintaining steady carloads and rates with a focus on 15% organic growth and potential acquisitions.
Jefferson and Repauno Developments
Jefferson reported $11.8 million in EBITDA with upcoming projects expected to contribute $20 million annually. Repauno executed its first long-term contract for Phase II, with potential annual EBITDA of $60-$70 million.
Long Ridge Upside
Long Ridge generated $11.1 million in EBITDA, with an anticipated $32 million increase in annual revenue due to capacity auction results. Potential for significant EBITDA increase with upcoming projects.
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FIP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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FIP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $8.51 | $8.04 | -5.52% |
| Aug 02, 2024 | $9.96 | $9.77 | -1.91% |
| May 07, 2024 | $7.27 | $7.43 | +2.20% |
| Feb 29, 2024 | $4.51 | $4.96 | +9.98% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does FTAI Infrastructure Incorporation (FIP) report earnings?
FTAI Infrastructure Incorporation (FIP) is schdueled to report earning on Feb 26, 2025, TBA Not Confirmed.
What is FTAI Infrastructure Incorporation (FIP) earnings time?
FTAI Infrastructure Incorporation (FIP) earnings time is at Feb 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FIP EPS forecast?
FIP EPS forecast for the fiscal quarter 2024 (Q4) is -$0.37.
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