NASDAQ$FIP

FTAI Infrastructure LLC · Q2 2023 earnings

Q2 2023 earnings · · Investor relations

Briefing

Reported financial results for the second quarter 2023.

FTAI Infrastructure reported a net loss attributable to stockholders of $38.853 million, and an adjusted EBITDA of $27.677 million for the second quarter of 2023. The Board declared a cash dividend of $0.03 per share of common stock for the quarter ended June 30, 2023.

  • Adjusted EBITDA of $36.2 million from our four core segments, up 20% vs Q1 of 2023
  • Transtar business unit generated $20.3 million of Adjusted EBITDA for the quarter
  • Executed 15-year contract with first customer at “Jefferson South” terminal for transloading of clean fuels
  • Declared dividend of $0.03 per share of common stock

Headline financials

Total Revenue

$81.8M

Previous: $65.9M+24.2%
EPS (adj)

-$0.38

Previous: -$0.38+0.7%
Adjusted EBITDA

$27.7M

No prior period
Core Adjusted EBITDA

$36.2M

No prior period
Capital Expenditures

-$65.7M

Previous: -$114M+42.3%
Free Cash Flow

-$99.6M

Previous: -$143M+30.6%
Net Income

-$33.9M

Previous: -$29.5M-14.9%
Operating Income

-$95.4M

Previous: -$82.1M-16.1%
Gross Profit

-$4.9M

Previous: -$4M-22.5%
Cash & Equivalents

$42.5M

Previous: $68.5M-37.9%
Total Assets

$2.44B

Previous: $2.56B-4.8%

Revenue & EPS history

FTAI Infrastructure · Revenue · Quarterly

$81.8M

Q2 2023+24.2%vs Q2 2022
Beat estimate in 2 of 12 quarters(17%)
ActualEstimate

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 Q2 2023

Historical avgQ2 2023

-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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