Highest-materiality recent filing
FTAI Infrastructure reports Q1 Adj. EBITDA $70.6M; announces $1.52B sale of Long Ridge to MARA
Net loss $150M ($1.32 per share) includes $70.6M Adjusted EBITDA; record quarterly Adj. EBITDA would have been $80M+ without 25-day plant outage.
FIP sells Long Ridge Energy & Power to MARA for $1.512B; proceeds to repay debt
Base purchase price of $1.512 billion; total transaction value approximately $1.52 billion.
FTAI Infrastructure reports Q4 net loss $119M, closes $1.315B term loan at 9.75%
Net loss $119M ($1.06 basic loss per share) Q4; full year net loss $207M ($2.24 basic loss per share).
FTAI Infrastructure's Jefferson segment targets up to $186M revenue; launches $255M notes offering
Jefferson targets annual revenue up to $186M and Adjusted EBITDA up to $109M at full utilization.
FTAI Infrastructure Q3 net loss $118.4M, EPS -$1.38; Adj EBITDA $70.9M (+54% QoQ)
Net loss attributable to stockholders $118.4M; basic and diluted EPS -$1.38.
FTAI Infrastructure files Wheeling financials; revenue $150.5M, net income $30.9M for FY2025
Wheeling earned $30.9M net income on $150.5M revenue for year ended June 30, 2025 (down from $34.7M/$151.1M in FY2024).
Acquired Wheeling Corporation for $1.05 billion in cash, subject to customary adjustments, via subsidiary FIP RR Holdings.
Net loss attributable to stockholders $79.8M, diluted EPS -$0.73 for Q2 2025.
FIP to acquire Wheeling & Lake Erie Railway for $1.05B cash; combine with Transtar rail platform
Acquisition price $1.05B cash; expected to close into voting trust in Q3 2025 pending STB approval.
FTAI Infrastructure subsidiary issues $300M bonds and $100M term loan for Repauno terminal
DRP Urban Renewal 4 issued $300M Series 2025 Bonds: $150M at 6.375% due 2035, $150M at 6.625% due 2045.
FIP subsidiary Repauno prices $300M port & rail bonds, plans $106M term loan
$300M Series 2025 Bonds: $150M at 6.375% due 2035, $150M at 6.625% due 2045; closing May 28.
Total consideration: $20M promissory note, $9M cash, and 160,000 shares of Series B Convertible Preferred Stock to GCM Grosvenor affiliates.
FTAI Infrastructure Q1 net income $109.7M, diluted EPS $0.89; Adj. EBITDA $155.2M
Net income attributable to stockholders $109.7M; diluted EPS $0.89.
FTAI Infrastructure subsidiary plans $300M bond offering to expand Repauno terminal
Repauno intends to issue ~$300M Series 2025 Bonds to finance dock and cryogenic tank expansion at New Jersey port terminal.
FTAI Infrastructure Q4 2024: net loss $137M ($1.24/sh); FY net loss $298M; div $0.03
Net loss $137M in Q4, diluted EPS loss $1.24; FY net loss $298M, diluted EPS loss $2.75.
Acquired 100% of LIF Holdings, owner of 49.9% of Long Ridge Energy & Power LLC, from GCM Grosvenor affiliates.
Long Ridge Energy (FIP subsidiary) prices $600M 8.75% notes; term loan downsized
Long Ridge Energy LLC priced $600M of 8.750% senior secured notes due 2032, upsized from $500M.
FIP subsidiary Long Ridge Energy plans $500M senior secured notes offering due 2032
Long Ridge Energy LLC (FIP equity method investment) intends $500M private offering of senior secured notes due 2032.
FTAI Infrastructure in talks to buy GCM Grosvenor's Long Ridge stake for ~$200M
Long Ridge plans to refinance ~$599M existing loans with new secured financing.
FTAI Infrastructure reports Q3 2024 net loss of $49.97M, declares $0.03 dividend
Net loss attributable to stockholders of $49.97M, or $0.45 per basic and diluted share.
FTAI Infrastructure Q2 net loss $54.4M; declares $0.03 dividend; core segments EBITDA up 12% QoQ
Net loss attributable to stockholders of $54.4M, or $0.52 per diluted share.
FTAI Infrastructure subsidiary closes $382.3M bond issuance; tenders $108M of existing bonds
Issued $164.4M Series 2024A bonds (5.000%-5.250%) and $217.9M Taxable 2024B bonds (10.000%, due July 2026).
FIP subsidiary plans $276M bond issuance; targets $180M revenue by 2026
Jefferson unit to issue ~$275.9M in Series 2024 Bonds; ~$76.2M tax-exempt, ~$199.7M taxable.
FTAI Infrastructure Q1 net loss $56.6M, EPS -$0.54; declares $0.03 dividend
Net loss attributable to stockholders $56.6M; basic and diluted loss per share $0.54.
appointed Carl Russell (“Buck”) Fletcher IV, an employee of FIG LLC, our external manager (our “Manager”), as the Company’s Chief Financial Officer and Chief Accounting Officer, effective immediately.
Mr. Fletcher succeeds Scott Christopher, the Company’s current Chief Financial Officer and Chief Accounting Officer, who will cease serving in such roles effective immediately.
On February 26, 2025, the Board approved an increase in the size of the Board from four to five directors, and appointed Matthew Rinklin, the GCM Designee under the Investor Rights Agreement, as a Class II director.
Max materiality 0.95 · Median 0.70 · Most common event debt