NASDAQ$FIP

FTAI Infrastructure LLC · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Reported third quarter results and declared a dividend of $0.03 per share of common stock.

FTAI Infrastructure Inc. reported financial results for the third quarter 2024. The company's Board of Directors declared a cash dividend on its common stock of $0.03 per share for the quarter ended September 30, 2024.

  • Signed long-term contract and additional LOI at Repauno and commenced construction for phase 2 transloading system.
  • Construction projects at Jefferson progressing on schedule, on budget for contracts commencing in 2025.
  • Long Ridge power plant operated at a 99% capacity factor.
  • New capacity pricing for 2025-26 season represents $16 million of incremental annual Adj. EBITDA and expected to continue for foreseeable future.

Headline financials

Total Revenue

$83.3M

Previous: $80.7M+3.2%
EPS

-$0.45

Previous: -$0.55+18.2%
Net Loss to Stockholders

-$50M

No prior period
Basic LPS

-$0.45

No prior period
Diluted LPS

-$0.45

No prior period
Adjusted EBITDA

$36.9M

Previous: $24.7M+49.8%
Capital Expenditures

-$53.3M

Previous: -$78.7M+32.3%
Free Cash Flow

-$96.3M

Previous: -$129M+25.2%
Net Income

-$43M

Previous: -$50M+14.2%
Operating Income

-$94.6M

Previous: -$101M+6.4%
Gross Profit

-$5.4M

Previous: -$5.3M-1.9%
Cash & Equivalents

$20.3M

Previous: $24.4M-17.0%
Total Assets

$2.44B

Previous: $2.39B+2.2%

Revenue & EPS history

FTAI Infrastructure · Revenue · Quarterly

$83.3M

Q3 2024+3.2%vs Q3 2023
Beat estimate in 2 of 12 quarters(17%)
ActualEstimate

Forward guidance

Certain statements in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, Transtar’s continued momentum, and Long Ridge’s potential ability to add substantial EBITDA for mid-2025 to mid-2026 period.

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 2024

Historical avgQ3 2024

-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

Earnings price reactions
QuarterReport dateReaction (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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