Ftai Infrastructure Inc

NASDAQ:FIPUnited States

May 7, 2024

Show headlines and story abstract

• -- Earnings Flash (FIP) FTAI INFRASTRUCTURE Posts Q1 Revenue $82.5M, vs. Street Est of $93.7M, from 4:43PM ET on Tuesday May 07, 2024 by MT Newswires

  4:43PM ET on Tuesday May 07, 2024 by MT Newswires
  Companies Mentioned: FIP
  04:43 PM EDT, 05/07/2024 (MT Newswires) -- ...

• FTAI Infrastructure Inc. Reports First Quarter 2024 Results, Declares Dividend of $0.03 per Share of Common Stock, from 4:15PM ET on Tuesday May 07, 2024 by GlobeNewswire

  4:15PM ET on Tuesday May 07, 2024 by GlobeNewswire
  Companies Mentioned: FIP

• Press Release: FTAI Infrastructure Inc. Reports First Quarter 2024 Results, Declares Dividend of $0.03 per Share of Common Stock, from 4:15PM ET on Tuesday May 07, 2024 by Dow Jones

  4:15PM ET on Tuesday May 07, 2024 by Dow Jones
  Companies Mentioned: FIP
  (3) -- 1,288 Less: Equity in losses (earnings) of unconsolidated entities 11,902 (4,366) Less: Non-controlling share of Adjusted EBITDA (4) (5,682) (5,221) --------------- --------------- Adjusted EBITDA (non-GAAP) $ 27,231 $ 21,896 =============== =============== _______________________________ (1) Includes the following items for the three months ended March 31, 2024 and 2023: (i) depreciation and amortization expense of $20,521 and $20,135 and (ii) capitalized contract costs amortization of $576 and $--. (2) Includes the following items for the three months ended March 31, 2024 and 2023: (i) net (loss) income of $(11,942) and $4,318, (ii) interest expense of $10,893 and $8,032, (iii) depreciation and amortization expense of $5,130 and $5,666, (iv) acquisition and transaction expenses of $19 and $20, (v) changes in fair value of non-hedge derivative instruments of $2,053 and $(9,847), (vi) equity-based compensation of $1 and $1, (vii) asset impairment of $87 and $-- and (viii) equity method basis adjustments of $16 and $--, respectively. (3) Includes the following item for the three months ended March 31, 2023: Railroad severance expense of $1,288. (4) Includes the following items for the three months ended March 31, 2024 and 2023: (i) equity-based compensation of $431 and $110, (ii) (benefit from) provision for income taxes of $(134) and $53, (iii) interest expense of $2,189 and $1,857, (iv) depreciation and amortization expense of $3,194 and $3,136, (v) changes in fair value of non-hedge derivative instruments of $-- and $61, (vi) interest and other costs on pension and OPEB liabilities of $2 and $1 and (vii) other non-recurring items of $-- and $3, respectively.
  

• FTAI Infrastructure Inc. Reports First Quarter 2024 Results, Declares Dividend of $0.03 per Share of Common Stock, from 4:15PM ET on Tuesday May 07, 2024 by Dow Jones

  4:15PM ET on Tuesday May 07, 2024 by Dow Jones
  Companies Mentioned: FIP
  (3) -- 1,288 Less: Equity in losses (earnings) of unconsolidated entities 11,902 (4,366) Less: Non-controlling share of Adjusted EBITDA (4) (5,682) (5,221) --------------- --------------- Adjusted EBITDA (non-GAAP) $ 27,231 $ 21,896 =============== =============== _______________________________ (1) Includes the following items for the three months ended March 31, 2024 and 2023: (i) depreciation and amortization expense of $20,521 and $20,135 and (ii) capitalized contract costs amortization of $576 and $--. (2) Includes the following items for the three months ended March 31, 2024 and 2023: (i) net (loss) income of $(11,942) and $4,318, (ii) interest expense of $10,893 and $8,032, (iii) depreciation and amortization expense of $5,130 and $5,666, (iv) acquisition and transaction expenses of $19 and $20, (v) changes in fair value of non-hedge derivative instruments of $2,053 and $(9,847), (vi) equity-based compensation of $1 and $1, (vii) asset impairment of $87 and $-- and (viii) equity method basis adjustments of $16 and $--, respectively. (3) Includes the following item for the three months ended March 31, 2023: Railroad severance expense of $1,288. (4) Includes the following items for the three months ended March 31, 2024 and 2023: (i) equity-based compensation of $431 and $110, (ii) (benefit from) provision for income taxes of $(134) and $53, (iii) interest expense of $2,189 and $1,857, (iv) depreciation and amortization expense of $3,194 and $3,136, (v) changes in fair value of non-hedge derivative instruments of $-- and $61, (vi) interest and other costs on pension and OPEB liabilities of $2 and $1 and (vii) other non-recurring items of $-- and $3, respectively.