FTAI Infrastructure Q2 net loss $54.4M; declares $0.03 dividend; core segments EBITDA up 12% QoQ

FTAI Infrastructure Inc.

2024-Q2 EPS reported -$1.06 revenue$167,422,000

Net loss attributable to stockholders of $54.4M, or $0.52 per diluted share.
Adjusted EBITDA from four core segments was $41.8M, up 12% from Q1 2024.
Board declared $0.03 per share cash dividend, payable August 20 to holders of record August 12.
Transtar revenue $45.6M with record average rates per car; Jefferson Terminal record throughput and revenue.
Long Ridge maintenance outage impacted Q2; power capacity auction results to add EBITDA in mid-2025 to mid-2026.

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