FTAI Infrastructure Q1 net loss $40.6M, Adj. EBITDA $21.9M; declares $0.03 dividend

FTAI Infrastructure Inc.

2023-Q1 EPS reported -$0.40 revenue$76,494,000

Net loss of $40.6M ($0.39 basic, $0.40 diluted loss per share) for Q1 2023.
Adjusted EBITDA of $21.9M; four core segments contributed $30.1M.
Declared cash dividend of $0.03 per share, payable May 26, 2023 to holders of record May 15, 2023.
Transtar Q1 EBITDA $17.2M (up from $13.5M Q4 2022); Repauno EBITDA loss $4.9M due to costs for new tolling contract starting April 1.
Long Ridge power plant returned to normal ops in early Jan after Q4 2022 outage.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

FTAI Infrastructure Inc. reported first quarter 2023 results: net income Net Loss Attributable to Stockholders $ (40,589 ), EPS Diluted Loss per Share of Common Stock $ (0.40 ).

Period: first quarter 2023
Net income: Net Loss Attributable to Stockholders $ (40,589 )
EPS: Diluted Loss per Share of Common Stock $ (0.40 )
Result: reported results

Exact text from the filing

FTAI Infrastructure Inc. Reports First Quarter 2023 Results, Declares Dividend of $0.03 per Share of Common Stock NEW YORK, May 2, 2023 (GLOBE NEWSWIRE) -- FTAI Infrastructure Inc. (NASDAQ:FIP) (the "Company" or "FTAI Infrastructure") today reported financial results for the first quarter 2023.

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8 earnings releases filed in the last 30 days. Browse all earnings releases →

FTAI Infrastructure Inc. filing history →

Source: SEC EDGAR

accession 0001140361-23-022479

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