FTAI Infrastructure Inc. Shows Resilience with 2024 Results

FTAI Infrastructure Inc. Financial Results Overview

FTAI Infrastructure Inc. (NASDAQ:FIP) has recently disclosed its financial performance for the fourth quarter and the full year of 2024. This report showcases a blend of challenges and achievements for the company, reflecting its dedication to growth in the infrastructure sector.

Financial Performance Highlights

For the year 2024, FTAI Infrastructure reported a net loss attributable to stockholders of $137.2 million, with a basic loss per share of $1.24. This represents a slight increase in loss compared to the previous year's $298.1 million net loss.

Despite the losses, the company delivered an impressive Adjusted EBITDA of $29.2 million for the fourth quarter and $127.6 million for the full year. This demonstrates operational efficiency and a focused strategy in enhancing profitability.

Dividend Declaration

On February 27, 2025, FTAI Infrastructure’s Board of Directors announced a cash dividend of $0.03 per share for the quarter ending December 31, 2024. This payment reflects the Company’s commitment to returning value to its shareholders, with payment scheduled for March 26, 2025.

Focus Areas for Growth

As part of its growth strategy, FTAI Infrastructure is actively pursuing several initiatives, which include:

• Successfully closing debt refinancing and acquiring a 49.9% stake in Long Ridge, which is projected to generate approximately $160 million in annual Adjusted EBITDA.
• Signing a second contract for phase two NGL exports at Repauno, expected to secure about $50 million in annual Adjusted EBITDA.
• Engaging in three long-term revenue contracts at Jefferson, set to begin this spring and summer, estimated to contribute around $25 million in annual Adjusted EBITDA.
• Exploring multiple merger and acquisition opportunities in an active market at Transtar.

Insights on Market Position and Future Strategies

FTAI Infrastructure primarily invests in essential infrastructures across the rail, ports, and terminals, as well as power and gas sectors. This strategic focus on high-barrier areas enables the Company to maintain robust and stable cash flows, providing a foundation for potential earnings growth and asset appreciation.

In addition to its dividend declaration, the upcoming management conference call on February 28, 2025, is anticipated to shed further light on the Company’s future directions and growth plans. During this call, management will discuss financials in detail, provide insights on operational performance, and highlight strategic initiatives that are expected to bolster the company’s fortitude in facing market challenges.

In Conclusion

Despite the financial loss recorded in 2024, FTAI Infrastructure remains determined to enhance its market position and drive growth through strategic acquisitions and expansions across its focus areas. Their resilience is a testament to their adaptive strategies in a post-pandemic economy.

Frequently Asked Questions

What were FTAI Infrastructure's net losses in 2024?

FTAI Infrastructure reported a net loss of $137.2 million attributable to stockholders in 2024.

What is the declared dividend per share for FTAI Infrastructure?

The Company declared a cash dividend of $0.03 per share for the quarter ending December 31, 2024.

What strategies is FTAI Infrastructure pursuing for growth?

FTAI Infrastructure is focused on acquisitions, including a significant stake in Long Ridge, and plans to enhance revenues through long-term contracts in key operational areas.

When is the management conference call planned?

The management conference call is scheduled for February 28, 2025.

What industry sectors does FTAI Infrastructure invest in?

FTAI Infrastructure primarily invests in rail, ports, terminals, and the power and gas sectors.

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