FTAI Infrastructure Q1 net loss $56.6M, EPS -$0.54; declares $0.03 dividend

FTAI Infrastructure Inc.

2024-Q1 EPS reported -$0.54 revenue$82,535,000

Net loss attributable to stockholders $56.6M; basic and diluted loss per share $0.54.
Adjusted EBITDA $27.2M; four core segments adj. EBITDA $37.2M.
Transtar revenue of $46.3M sets new quarterly record; momentum continues into Q2.
Long Ridge operated at 98% capacity factor; seeing rising demand from AI data centers.
Board declared $0.03/share cash dividend payable May 29 to holders of record May 17.

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 0.9

FTAI Infrastructure Inc. reported financial results for first quarter 2024.

Period: first quarter 2024
Result: reported results

Exact text from the filing

On May 7, 2024 , FTAI Infrastructure Inc. ("FIP" or the "Company") issued a press release announcing the Company's results for its fiscal quarter ended March 31, 2024.

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FTAI Infrastructure Inc. filing history →

Source: SEC EDGAR

accession 0001899883-24-000019

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