NASDAQ$FIP
FTAI Infrastructure LLC · Q4 2025 earnings
Q4 2025 earnings · · After market close · Investor relations
Briefing
FTAI Infrastructure reported its fourth quarter and full year 2025 financial results, highlighting significant Adjusted EBITDA growth and the integration of the Wheeling & Lake Erie Railroad.
FTAI Infrastructure saw a substantial increase in revenue and Adjusted EBITDA for Q4 2025 compared to the prior year, despite reporting a net loss. The company successfully refinanced its bridge facility with a new $1.315 billion term loan and is actively pursuing M&A opportunities in its railroad segment.
- Reported Q4 Adjusted EBITDA of $80.2 million, representing a $320.8 million annual run rate.
- Total revenues for Q4 2025 increased to $143.5 million from $80.8 million in Q4 2024.
- Closed a $1.315 billion term loan to refinance the 2025 bridge facility for the Wheeling & Lake Erie Railroad acquisition.
- Railroad segment contributed $41.3 million to Q4 Adjusted EBITDA as integration efforts continue.
Headline financials
Revenue & EPS history
FTAI Infrastructure · Revenue · Quarterly
$144M
Forward guidance
The company highlighted a year-end Adjusted EBITDA run rate of $320.8 million and is focused on integrating recent acquisitions and pursuing new M&A.
Tailwinds
- Annual Adjusted EBITDA run rate of $320.8 million at year-end.
- Integration of Wheeling & Lake Erie Railroad is underway.
- Multiple new M&A opportunities being pursued in the Railroad segment.
- Refinanced bridge facility with long-term debt.
- Declared a $0.03 per share dividend for the quarter.
Headwinds
- Reported a net loss for both the quarter and the full year.
- Interest expense increased significantly to $90.3 million in Q4.
- Repauno segment reported negative Adjusted EBITDA for the quarter.
- Operating expenses rose by approximately 40% year-over-year in Q4.
- Accumulated deficit increased to $513 million.
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 Q4 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
| 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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