NASDAQ$FIP

FTAI Infrastructure LLC · Q3 2025 earnings

Q3 2025 earnings · · After market close · Investor relations

Briefing

FTAI Infrastructure reported its financial results for the third quarter of 2025, including a significant increase in Adjusted EBITDA and the completion of a key acquisition.

FTAI Infrastructure Inc. reported a net loss attributable to stockholders of $118.35 million for the third quarter of 2025, with a basic and diluted loss per share of $1.38. Despite the net loss, the company achieved a substantial increase in Adjusted EBITDA, reaching $70.93 million, up 54% from the previous quarter. Key business highlights included the acquisition of the Wheeling & Lake Erie Railway and the commencement of West Virginia gas production.

  • Net loss attributable to stockholders was $118.35 million for Q3 2025.
  • Basic and diluted loss per share of common stock was $1.38.
  • Adjusted EBITDA significantly increased to $70.93 million, a 54% rise from Q2 2025.
  • The company completed the acquisition of the Wheeling & Lake Erie Railway and commenced West Virginia gas production.

Headline financials

Total Revenue

$141M

Previous: $83.3M+68.7%
EPS (adj)

-$1.38

Previous: -$0.45-206.7%
Capital Expenditures

-$215M

Previous: -$53.3M-302.5%
Net Income

-$105M

Previous: -$43M-143.4%
Operating Income

$20.6M

Previous: -$94.6M+121.7%

Revenue & EPS history

FTAI Infrastructure · Revenue · Quarterly

$141M

Q3 2025+68.7%vs Q3 2024
Beat estimate in 2 of 12 quarters(17%)
ActualEstimate

Forward guidance

The company is evaluating strategic alternatives for Long Ridge, including a potential sale, and has declared a cash dividend of $0.03 per share for the quarter.

Tailwinds

  • Evaluating strategic alternatives for Long Ridge could unlock value.
  • Declared a cash dividend of $0.03 per share for common stock.
  • West Virginia gas production commenced, leading to excess gas sales at Long Ridge.
  • The acquisition of Wheeling & Lake Erie Railway is expected to contribute to future performance.
  • Focus on critical infrastructure with high barriers to entry across rail, ports, terminals, power, and gas sectors.

Headwinds

  • Potential sale of Long Ridge indicates uncertainty for that segment.
  • No specific financial guidance provided for future quarters.
  • The company's forward-looking statements are subject to risks and uncertainties.
  • No explicit mention of plans to address the net loss.
  • Reliance on external management by an affiliate of Fortress Investment Group LLC.

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 2025

Historical avgQ3 2025

-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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