secwatch.observer — SEC 8-K summary
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Issuer:     FTAI Infrastructure Inc. (FIP)
CIK:        0001899883
Form:       8-K
Filed at:   2024-10-30T23:59:59+00:00
Accession:  0001899883-24-000034
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FTAI Infrastructure reports Q3 2024 net loss of $49.97M, declares $0.03 dividend
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- Net loss attributable to stockholders of $49.97M, or $0.45 per basic and diluted share.
- Adjusted EBITDA of $36.93M; core segments (ex-Sustainability & Energy Transition and Corporate) contributed $42.54M.
- Board declared Q3 dividend of $0.03 per share, payable Nov 19, 2024 to holders of record Nov 12, 2024.
- Long Ridge power plant operated at 99% capacity factor; new pricing for 2025-26 expected to add $16M incremental annual Adj. EBITDA.
- Repauno signed long-term contract and LOI; phase 2 transloading construction commenced; Jefferson projects on schedule for 2025 contracts.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1899883/000189988324000034/0001899883-24-000034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1899883/000189988324000034/ftai-20241030.htm
  HTML page:      https://secwatch.observer/filing/0001899883-24-000034

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