NASDAQ$FIP

FTAI Infrastructure LLC · Q1 2026 earnings

Q1 2026 earnings · · Investor relations

Briefing

FTAI Infrastructure reported Q1 2026 revenue of $188.4M and a net loss attributable to common stockholders of $154.5M ($(1.32) per share).

FTAI Infrastructure posted Q1 2026 total revenues of $188.4 million (+96% YoY) but a net loss attributable to common stockholders of $154.5 million, or $1.32 per basic and diluted share, versus net income of $108.3 million ($0.89 diluted) in Q1 2025. Results were hit by $45.9 million loss on debt modification, $82.5 million interest expense, and $(0.6) million loss on asset sales.

  • Revenue $188.4M (+96% YoY); net loss to common $(154.5)M.
  • Diluted EPS $(1.32) vs. $0.89 prior year.
  • Interest expense $82.5M; debt modification loss $45.9M.
  • Operating expenses $120.4M; depreciation $50.7M.
  • 22% of revenue from one Railroad customer.

Headline financials

Total Revenue

$188M

Previous: $96.2M+95.9%
EPS (adj)

-$1.32

Previous: $0.89-248.3%
Capital Expenditures

-$46.5M

Previous: -$66M+29.6%
Net Income

-$127M

Previous: $120M-205.9%
Operating Income

-$179M

Previous: -$8.44M-2016.4%

Revenue & EPS history

FTAI Infrastructure · Revenue · Quarterly

$188M

Q1 2026+95.9%vs Q1 2025
Beat estimate in 2 of 12 quarters(17%)
ActualEstimate

Forward guidance

Infrastructure segments (rail, terminals, power) discussed in MD&A without reaffirmed consolidated EPS guidance.

Tailwinds

  • Revenue nearly doubled YoY on asset growth.
  • Diversified infrastructure cash flows long term.
  • Equity method and other income partially offset costs.

Headwinds

  • Heavy interest and refinancing charges.
  • Preferred dividends and NCI reduce common equity.
  • Loss on asset sales and operating expense ramp.

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 2026

Historical avgQ1 2026

-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

Earnings price reactions
QuarterReport dateReaction (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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