NASDAQ$FIP

FTAI Infrastructure LLC · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

Reported financial results for the fourth quarter and full year 2023.

FTAI Infrastructure Inc. reported record Q4 core segment Adjusted EBITDA of $42.4 million and consolidated Adjusted EBITDA of $33.3 million. Transtar and Jefferson Terminal generated record Adjusted EBITDA, with increases in carload volume and throughput, respectively.

  • Q4 core segment Adj. EBITDA of $42.4 million, and consolidated Adj. EBITDA of $33.3 million – both quarterly records.
  • Transtar generated Adj. EBITDA of $23.6 million in Q4, a record, with increases in both carload volume and average rate per carload versus Q3.
  • Jefferson Terminal generated Adj. EBITDA of $14.3 million in Q4, averaging an all-time high of 185,000 barrels per day of throughput at the terminal.
  • Declared a cash dividend on its common stock of $0.03 per share for the quarter ended December 31, 2023.

Headline financials

Total Revenue

$81.4M

Previous: $71.4M+14.1%
EPS (adj)

-$0.47

Previous: -$0.59+20.3%
Net Loss to Stockholders

-$48.2K

No prior period
Basic LPS

-$0.47

No prior period
Diluted LPS

-$0.47

No prior period
Adjusted EBITDA

$33.3K

Previous: $1.81M-98.2%
Capital Expenditures

-$20.3M

Previous: $44.9M-145.2%
Net Income

-$39.9M

Previous: -$56.1M+28.8%
Operating Income

-$5.5M

Previous: -$8.5M+35.3%
Gross Profit

$543K

Previous: $54.5M-99.0%

Revenue & EPS history

FTAI Infrastructure · Revenue · Quarterly

$81.4M

Q4 2023+14.1%vs Q4 2022
Beat estimate in 2 of 12 quarters(17%)
ActualEstimate

Forward guidance

No forward guidance was given in the earnings report.

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 Q4 2023

Historical avgQ4 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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