NASDAQ$FIP
FTAI Infrastructure LLC · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Reported financial results with a net loss attributable to stockholders and declared a dividend of $0.03 per share of common stock.
FTAI Infrastructure reported a net loss attributable to stockholders of $(56.101) million and an Adjusted EBITDA of $24.655 million for Q3 2023. The company declared a cash dividend of $0.03 per share. Key business highlights include $32.2 million of Adjusted EBITDA from the four core segments, expected commencement of Transtar's new third-party business, Jefferson Terminal executing multiple contracts, and Repauno expecting to enter into a Phase 2 anchor contract in Q4.
- Generated $32.2 million of Adjusted EBITDA from core segments.
- Transtar's new third-party business opportunities are expected to commence in coming months.
- Jefferson Terminal executed multiple contracts during Q3 with potential to generate meaningful Adjusted EBITDA once operational.
- Repauno expects to enter into a Phase 2 anchor contract in Q4.
Headline financials
Revenue & EPS history
FTAI Infrastructure · Revenue · Quarterly
$80.7M
Forward guidance
Certain statements in this press release may constitute forward-looking statements, including, but not limited to, Transtar’s expected commencement of new third-party business opportunities with strong momentum for 2024, Jefferson Terminal’s ability to generate meaningful Adjusted EBITDA once new contracts commence and are operational and whether Repauno will enter into a Phase 2 anchor contract in Q4 or at all.
Tailwinds
- Transtar’s new third-party business opportunities (railcar repair, transloading) are expected to commence in coming months and provide strong momentum for 2024
- Jefferson Terminal executed multiple contracts during Q3 with potential to generate meaningful Adjusted EBITDA once operational
- A portion of Jefferson Terminal's contracts have already commenced and will contribute to Q4
- Repauno expects to enter into a Phase 2 anchor contract in Q4
- FTAI Infrastructure primarily invests in critical infrastructure with high barriers to entry across the rail, ports and terminals, and power and gas sectors that, on a combined basis, generate strong and stable cash flows with the potential for earnings growth and asset appreciation.
Headwinds
- These statements are based on management's current expectations and beliefs and are subject to a number of trends and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements, many of which are beyond the Company’s control.
- The Company can give no assurance that its expectations will be attained and such differences may be material.
- Accordingly, you should not place undue reliance on any forward-looking statements contained in this press release.
- New risks and uncertainties emerge from time to time, and it is not possible for the Company to predict or assess the impact of every factor that may cause its actual results to differ from those contained in any forward-looking statements.
- The Company expressly disclaims any obligation to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with regard thereto or change in events, conditions or circumstances on which any statement is based.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 15 quarterly earnings reports · overlaid with Q3 2023
-0.3%
Avg return
Earnings day
+0.9%
Avg return
5 days after
+3.5%
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 | -5.3% | -13.3% | — | |
| 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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