FTAI Infrastructure to Divest Long Ridge Energy Assets

FTAI Infrastructure Incorporation ( (FIP) ) has provided an update.

On April 29, 2026, FTAI Infrastructure Inc. agreed to sell all of the membership interests in Long Ridge Energy & Power LLC and certain related assets to a subsidiary of MARA Holdings in a transaction valued at about $1.52 billion, subject to customary adjustments. The deal structure includes an escrow for post-closing price adjustments, detailed covenants on business conduct and employee matters, and standard regulatory and contractual closing conditions, with closing targeted for the third quarter of 2026.

Under the agreement, MARA’s financing is supported by a Barclays-arranged bridge facility of up to $785 million to refinance Long Ridge’s existing credit facilities and repurchase its senior secured notes, while buyer obligations are not contingent on financing. FTAI expects the sale to eliminate roughly $1.16 billion of Long Ridge debt and enable repayment of about $300 million of corporate-level debt, freeing capital to reinvest in growth, particularly in its freight rail and terminals segments, and service providers’ equity-based awards in Long Ridge will cash-settle or convert into FIP stock at closing.

The transaction includes a framework for separate railroad-related agreements involving East Ohio Valley Railway assets, with the parties aiming to close those arrangements concurrently, and is subject to approvals from the Federal Energy Regulatory Commission, antitrust clearance and, for the rail assets, Surface Transportation Board authorization. The contract features customary termination rights, including an outside date of November 30, 2026 with a potential extension for outstanding approvals, a $75 million reverse termination fee payable by the buyer if specified financing failures occur, and indemnification by FTAI and its affiliates for certain regulatory, legal and maintenance matters affecting the acquired business.

The most recent analyst rating on (FIP) stock is a Buy with a $10.00 price target. To see the full list of analyst forecasts on FTAI Infrastructure Incorporation stock, see the FIP Stock Forecast page.

Spark’s Take on FIP Stock

According to Spark, TipRanks’ AI Analyst, FIP is a Neutral.

The score is held down primarily by weak financial performance (ongoing losses, negative free cash flow, and negative equity). Offsetting this, the latest earnings call pointed to improving operational momentum and a credible deleveraging plan, while technicals are only moderately supportive and valuation remains constrained by unprofitability.

To see Spark’s full report on FIP stock, click here.

More about FTAI Infrastructure Incorporation

FTAI Infrastructure Inc. is an infrastructure investment company that focuses on critical assets with high barriers to entry across the rail, ports and terminals, and power and gas sectors. The business aims to generate strong, stable cash flows with potential for earnings growth and asset appreciation, and is externally managed by an affiliate of Fortress Investment Group LLC.

Long Ridge Energy & Power, based in Pittsburgh, operates a vertically integrated power and gas platform built around a 485-megawatt combined cycle gas plant, working interests in natural gas production wells, and roughly 1,600 acres of land along the Ohio River in southeastern Ohio. The asset has evolved from a brownfield development into a mature operating business within FTAI Infrastructure’s portfolio.

MARA Holdings, Inc., whose subsidiary is buying Long Ridge, deploys digital energy technologies to improve global energy systems and converts excess energy into digital capital. It focuses on reducing the energy demands of high-performance computing, including AI and edge applications, and is positioning itself at the intersection of energy infrastructure and advanced computing demands.

Average Trading Volume: 926,188

Technical Sentiment Signal: Buy

Current Market Cap: $670M

For a thorough assessment of FIP stock, go to TipRanks’ Stock Analysis page.