---
schema_version: "secwatch.filing_event.v1"
accession: "0001899883-25-000045"
form_type: "8-K/A"
ticker: "FIP"
cik: "0001899883"
company_name: "FTAI Infrastructure Inc."
filed_at: "2025-10-24T23:59:59+00:00"
generated_at: "2026-05-17T02:22:30.810850+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# FTAI Infrastructure files Wheeling financials; revenue $150.5M, net income $30.9M for FY2025

## Summary
- Wheeling earned $30.9M net income on $150.5M revenue for year ended June 30, 2025 (down from $34.7M/$151.1M in FY2024).
- Total assets $454.7M, stockholder equity $305.0M, zero long-term debt as of June 30, 2025.
- Acquisition price $1.05B cash; funded via $1.25B bridge loan (364-day) and $1B preferred equity/warrants from RR Holdings.
- All Wheeling stock placed in voting trust pending STB approval; will be released to FTAI upon regulatory clearance.
- Operating income $26.0M (17.2% margin) vs $29.4M (19.4%) prior year; depreciation up 22% to $17.4M.

## SEC filing metadata
- accession: 0001899883-25-000045
- form_type: 8-K/A
- ticker: FIP
- cik: 0001899883
- company_name: FTAI Infrastructure Inc.
- filed_at: 2025-10-24T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1899883/000189988325000045/0001899883-25-000045-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1899883/000189988325000045/ftai-20250825.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001899883-25-000045
- JSON: https://secwatch.observer/filing/0001899883-25-000045.json
- Plain text: https://secwatch.observer/filing/0001899883-25-000045.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.