NASDAQ$FIP

FTAI Infrastructure LLC · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

Reported second quarter 2024 results.

FTAI Infrastructure Inc. reported a net loss attributable to stockholders of $54.35 million, or $(0.52) per share. Adjusted EBITDA from four core segments was $41.8 million, up 12% from the first quarter.

  • Second quarter Adjusted EBITDA from four core segments of $41.8 million, up 12% from first quarter.
  • Transtar generated revenue of $45.6 million as carloads remain steady and average rates per car hit record level; car repair facility fully operational for the quarter with strong momentum.
  • Jefferson Terminal throughput and revenue represented record quarterly levels.
  • Long Ridge revenue reflects May scheduled maintenance outage; recently announced results from power capacity auction to add substantial EBITDA for mid-2025 to mid-2026 period.

Headline financials

Total Revenue

$84.9M

Previous: $81.8M+3.7%
EPS (adj)

-$0.52

Previous: -$0.38-36.8%
Capital Expenditures

-$27.4M

Previous: -$65.7M+58.3%
Free Cash Flow

-$75.6M

Previous: -$99.6M+24.1%
Net Income

-$48.1M

Previous: -$33.9M-42.1%
Operating Income

-$94.3M

Previous: -$95.4M+1.2%
Gross Profit

-$5.1M

Previous: -$4.9M-4.1%
Cash & Equivalents

$33.1M

Previous: $42.5M-22.2%
Total Assets

$2.45B

Previous: $2.44B+0.6%

Revenue & EPS history

FTAI Infrastructure · Revenue · Quarterly

$84.9M

Q2 2024+3.7%vs Q2 2023
Beat estimate in 2 of 12 quarters(17%)
ActualEstimate

Forward guidance

Transtar’s continued momentum, and Long Ridge’s potential ability to add substantial EBITDA for mid-2025 to mid-2026 period.

Tailwinds

  • Transtar’s continued momentum
  • Long Ridge’s potential ability to add substantial EBITDA for mid-2025
  • Long Ridge’s potential ability to add substantial EBITDA for mid-2026 period

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 2024

Historical avgQ2 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

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

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro