FTAI Infrastructure Incorporation (FIP)
NASDAQ:FIP
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Earnings Data
Report Date
Jul 28, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
-0.38Last Year’s EPS
-0.73Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call communicated a strong operational and financial performance for the quarter, highlighted by substantial adjusted EBITDA growth, an accretive sale of Long Ridge that materially deleverages the balance sheet and significant growth opportunities across rail, Jefferson and Repauno. Key execution risks discussed include the 25-day Long Ridge outage impact on Q1 results, the need for FERC approval to close the sale (timing uncertainty), near-term high parent-level interest until prepayment, and remaining execution/timing risk around Repauno Phase 2/Phase 3 and monetization timelines. On balance, the favorable results, planned deleveraging, demonstrated cost savings and sizeable future EBITDA opportunities outweigh the execution and timing risks presented.Company Guidance
Long Ridge Sale Agreed
Signed agreement to sell Long Ridge to Mara Holdings for $1.52 billion aggregate; expected net proceeds to FTAI in excess of $300 million. Transaction expected to close in mid-3Q 2026 subject to FERC approval.
Material Deleveraging and Interest Savings
Plan to reduce parent debt by at least $300 million using sale proceeds, which is expected to lower parent interest expense by approximately $30 million per year.
Strong Consolidated Adjusted EBITDA Growth
Q1 adjusted EBITDA of $70.6 million versus $35.2 million in Q1 2025 (approximately +101% year-over-year). Management estimates consolidated Q1 EBITDA would have exceeded $80 million (record) excluding a planned Long Ridge outage.
Rail Segment Outperformance
Rail revenue $85.0 million and adjusted EBITDA $40.2 million in Q1 vs. pro forma Q1 2025 revenue $79.3 million and EBITDA $30.6 million; rail EBITDA up ~31% year-over-year (pro forma).
Jefferson Terminal Rapid Ramp
Jefferson revenue of $27.3 million and adjusted EBITDA of $14.4 million in Q1 vs. $19.5 million revenue and $8.0 million EBITDA in Q1 last year (revenue +40%, EBITDA +80%). Volumes averaged 275,000 barrels per day and ammonia transloading contract contributed a full quarter.
Long Ridge Operational Strength Outside Outage
Long Ridge Q1 adjusted EBITDA $26.4 million vs. $18.1 million year-ago (+~45.9%). Gas production averaged >86,000 MMBtu/day versus ~70,000 required by the plant, enabling excess gas sales. Q2 running at ~100% capacity factor so far.
Repauno Growth Opportunity
Phase 2 construction progressing to plan, expected to enable >80,000 barrels per day handling across Phase 1+2 and generate approximately $80 million of annual EBITDA when fully operational (revenue service expected early 2027).
Balance Sheet Actions Completed
Closed new term loan of approximately $1.35 billion in Q1 to refinance prior wheeling loan; new term loan is the only parent-level debt and is prepayable at reduced premium with Long Ridge sale proceeds.
Targeted Cost Savings & M&A Pipeline
Targeting $23 million of annual run-rate cost savings from Transtar/Wheeling integration, with $10 million enacted in Q1 (producing ~$2.5 million of EBITDA in the quarter). Management estimates >$50 million of incremental annual EBITDA potential from new rail revenue opportunities and is actively evaluating multiple acquisition targets.
FIP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
FIP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 07, 2026 | $5.10 | $4.83 | -5.26% |
Feb 26, 2026 | $6.36 | $5.73 | -9.86% |
Oct 30, 2025 | $5.01 | $5.24 | +4.51% |
Aug 07, 2025 | $6.09 | $4.86 | -20.19% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does FTAI Infrastructure Incorporation (FIP) report earnings?
FTAI Infrastructure Incorporation (FIP) is schdueled to report earning on Jul 28, 2026, After Close (Confirmed).
What is FTAI Infrastructure Incorporation (FIP) earnings time?
FTAI Infrastructure Incorporation (FIP) earnings time is at Jul 28, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What is FIP EPS forecast?
FIP EPS forecast for the fiscal quarter 2026 (Q2) is -0.38.