NASDAQ$FIP
FTAI Infrastructure LLC · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Reported first quarter results and declared a dividend of $0.03 per share of common stock.
FTAI Infrastructure Inc. reported financial results for the first quarter 2024. The company's Transtar revenue reached a new quarterly record, and Jefferson Terminal's volumes and revenue are running at record levels after completing a customer turnaround. Long Ridge operated at a high capacity factor and is pursuing long-term contracts.
- Transtar revenue reached a new quarterly record.
- Jefferson Terminal volumes and revenue are running at record levels after completing a customer turnaround.
- Long Ridge operated at 98% capacity factor.
- A cash dividend on its common stock of $0.03 per share was declared for the quarter ended March 31, 2024.
Headline financials
Revenue & EPS history
FTAI Infrastructure · Revenue · Quarterly
$82.5M
Forward guidance
The press release mentions continued momentum for Transtar and potential new contracts for Long Ridge.
Tailwinds
- Transtar revenue momentum continuing into Q2.
- Jefferson Terminal volumes and revenue are running at record levels.
- Long Ridge operated at 98% capacity factor.
- Long Ridge close to signing several long-term “behind the meter” contracts.
- Long Ridge seeing rapidly increasing demand in the AI data center space.
Headwinds
- Forward-looking statements are subject to risks and uncertainties.
- Actual results could differ materially from forward-looking statements.
- New risks and uncertainties emerge from time to time.
- Company cannot predict or assess the impact of every factor that may cause its actual results to differ.
- The Company expressly disclaims any obligation to release publicly any updates or revisions to any forward-looking statements.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 16 quarterly earnings reports · overlaid with Q1 2024
-0.2%
Avg return
Earnings day
+0.9%
Avg return
5 days after
+2.3%
Avg return
30 days after
55%
11 / 20 earnings
Positive
+16.1%
Q4 2023
Best reaction
-9.9%
Q4 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -5.1% | -13.1% | -18.9% | |
| Q4 2025 | -9.9% | -9.0% | -24.8% | |
| Q3 2025 | +4.5% | +0.8% | -16.2% | |
| Q1 2025 | -1.3% | +13.3% | +38.2% | |
| Q4 2024 | +2.6% | -10.0% | -17.8% | |
| Q3 2024 | -6.6% | -3.6% | +0.1% | |
| Q2 2024 | -7.0% | -9.7% | -0.9% | |
| Q1 2024 | +3.0% | +5.5% | +6.0% | |
| Q4 2023 | +16.1% | +12.4% | +44.7% | |
| Q3 2023 | -3.2% | -3.5% | +15.8% | |
| Q2 2023 | +1.2% | +1.5% | -2.6% | |
| Q1 2023 | +2.3% | +0.6% | +11.4% | |
| Q4 2022 | -4.2% | -6.0% | -5.4% | |
| Q4 2020 | +1.0% | +5.2% | +1.0% | |
| Q3 2021 | -3.3% | -4.0% | +15.3% | |
| Q3 2022 | +0.0% | -3.3% | +7.3% | |
| Q2 2022 | +1.2% | +10.4% | -1.6% | |
| Q4 2021 | +1.2% | +10.4% | -1.6% | |
| Q1 2022 | +1.2% | +10.4% | -1.6% | |
| Q2 2021 | +1.2% | +10.4% | -1.6% | |
| Q1 2021 | — | — | — |
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