earnings
confidence high
sentiment negative
materiality 0.70
FTAI Infrastructure reports Q4 net loss of $60.9M; declares $0.03 dividend
FTAI Infrastructure Inc.
- Net loss attributable to stockholders of $60.9M for Q4 2022; diluted EPS of ($0.59).
- Full-year 2022 net loss of $177.2M; diluted EPS of ($1.73).
- Adjusted EBITDA of $1.8M in Q4; core four-segment Adjusted EBITDA of $9.5M.
- Q4 results hit by ~$18M Adjusted EBITDA impact from Long Ridge gas turbine outage; plant returned to full ops by end of Q4.
- Board declared $0.03 per share cash dividend payable March 28, 2023 to holders of record March 14, 2023.