NEW YORK, April 14, 2025 (GLOBE NEWSWIRE) -- FTAI Infrastructure Inc. (NASDAQ:FIP; the "Company" or “FTAI Infrastructure”) plans to announce its financial results for the first quarter 2025 after the closing of Nasdaq on Thursday, May 8, 2025. A copy of the press release and an earnings supplement will be posted to the Investor Relations section of the Company's website, https://www.fipinc.com/. In addition, management will host a conference call on Friday, May 9, 2025, at 8:00 A.M. Eastern Time. The confer ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (Exact name of registrant as specified in its charter) | Delaware | | | 87-4407005 | | --- | --- | --- | --- | | (State or other jurisdiction of incorporation or organization) | | | (I.R.S. Employer Identification No.) | | 1345 Avenue of the Americas, 45th Floor | New York | NY 10105 | | | (Address of principal executive offices) | | | (Zip ...

FTAI Infrastructure Inc. (NASDAQ:FIP) Q4 2024 Earnings Conference Call February 28, 2025 8:00 AM ET Company Participants Alan Andreini - Head, Investor Relations Ken Nicholson - Chief Executive Officer Conference Call Participants Giuliano Bologna - Compass Point Brian McKenna - Citizens Greg Lewis - BTIG Operator Good day, and thank you for standing by. Welcome to the FTAI Infrastructure Fourth Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speake ...

Supplemental Information Fourth Quarter 2024 2024 Financial Results and Outlook | | Financial Summary | | | | Path to $400 million of Annual Adj. EBITDA(2) | | | | --- | --- | --- | --- | --- | --- | --- | --- | | ($ millions) | 2022 | 2023 | ($ 2024 | millions) | | | | | | | | | Contracted | | $400+ | | | Net loss | $(177.2) | $(183.7) | $(298.1) | New business in advanced stages | | | | | Adj. EBITDA | | | | $323 | | $80+ | | | Transtar | $64.3 | $78.5 | $84.3 | | | | | | | | | | | 50 | 50 | Repauno(3) | ...

Financial Performance - FTAI Infrastructure reported a net loss attributable to stockholders of $137,236,000 for Q4 2024, compared to a loss of $48,193,000 in Q4 2023[2]. - The basic and diluted loss per share for Q4 2024 was $1.24, while for the full year 2024, it was $2.75[2]. - Net loss attributable to stockholders for the year ended December 31, 2024, was $(298,139) thousand, compared to $(183,736) thousand in 2023, representing a 62.5% increase in losses[23]. - Power and Gas reported a net loss of $(37,211,000) for the year, alongside interest expenses of $37,600,000[28]. Revenue and EBITDA - Total revenues for Q4 2024 were $80,764,000, slightly down from $81,440,000 in Q4 2023; full year revenues increased to $331,497,000 from $320,472,000[14]. - Adjusted EBITDA for Q4 2024 was $29,173,000, and for the full year, it was $127,588,000[2]. - Adjusted EBITDA (Non-GAAP) for the year was $161,281,000, with contributions from Jefferson Terminal ($84,254,000), Power and Gas ($41,967,000), Railroad ($40,246,000), and Repauno ($(5,186,000))[27]. Cash Flow and Liquidity - Cash flows from operating activities resulted in a net cash used of $(15,278) thousand for 2024, a significant decline from net cash provided of $5,513 thousand in 2023[20]. - Total cash and cash equivalents at the end of the period increased to $147,296 thousand in 2024 from $87,479 thousand in 2023, marking a 68.5% increase[20]. - The company reported a net cash provided by financing activities of $193,232 thousand in 2024, compared to $79,447 thousand in 2023, representing a 143.5% increase[20]. Assets and Liabilities - Total assets as of December 31, 2024, were $2,374,388,000, a slight decrease from $2,379,609,000 in 2023[17]. - Total liabilities increased to $1,921,712,000 as of December 31, 2024, compared to $1,641,518,000 in 2023[17]. Dividends and Shareholder Returns - The company declared a cash dividend of $0.03 per share for Q4 2024, payable on March 26, 2025[4]. - The company’s cash dividends for common stock increased to $(13,124) thousand in 2024 from $(12,372) thousand in 2023, reflecting a 6.1% increase[20]. Expenses and Depreciation - Depreciation and amortization expense for the year was $83,885 thousand, slightly higher than $81,541 thousand in 2023[23]. - The total depreciation and amortization expense for the year was $82,461,000, with Jefferson Terminal accounting for $52,347,000[27]. - Equity-based compensation expense for the year totaled $8,142,000, with significant contributions from Jefferson Terminal and Power and Gas[27]. Investments and Financing - Proceeds from debt in financing activities increased significantly to $498,426 thousand in 2024, compared to $181,350 thousand in 2023, reflecting a 175.5% increase[20]. - Net cash used in investing activities decreased to $(118,137) thousand in 2024 from $(147,123) thousand in 2023, indicating a 19.7% improvement[20]. Other Financial Metrics - Equity in losses of unconsolidated entities for the year was $55,496 thousand, up from $24,707 thousand in 2023, indicating a 124.5% increase[23]. - The total provision for (benefit from) income taxes across segments was $6,274,000[27]. - The company recorded a loss on modification or extinguishment of debt amounting to $2,086,000 in Jefferson Terminal for the year[30]. - Jefferson Terminal incurred acquisition and transaction expenses totaling $5,000 for the year[30].

Core Viewpoint - FTAI Infrastructure Inc. is set to announce its financial results for Q4 and full year 2024 on February 27, 2025, after Nasdaq closes [1] Financial Results Announcement - The financial results will be available in a press release and an earnings supplement posted on the company's Investor Relations website [1] - A conference call to discuss the results will take place on February 28, 2025, at 8:00 A.M. Eastern Time, accessible through a registration link [2] - A simultaneous webcast of the conference call will be available for public listening, with a replay accessible from February 28, 2025, after 11:30 A.M. until March 7, 2025 [3] Company Overview - FTAI Infrastructure primarily invests in critical infrastructure sectors such as rail, ports and terminals, and power and gas, focusing on areas with high barriers to entry [5] - The company aims to generate strong and stable cash flows, with potential for earnings growth and asset appreciation [5] - FTAI Infrastructure is externally managed by an affiliate of Fortress Investment Group LLC, a diversified global investment firm [5]

Financial Data and Key Metrics Changes - The company recorded adjusted EBITDA of $36.9 million in Q3 2024, an increase of 8% from Q2 2024 and up 50% year-over-year from Q3 2023 [7] - The total company annual EBITDA is projected to be approximately $220 million, with potential to exceed $300 million if new business opportunities are successfully converted into contracts [8][9] Business Line Data and Key Metrics Changes - **Transtar**: Achieved adjusted EBITDA of $21.1 million in Q3 2024, with stable carloads and rates. Revenue was $44.8 million, down from $45.6 million in Q2 2024 [10][19] - **Jefferson**: Generated $11.8 million in adjusted EBITDA, with revenue of $19.7 million, down from $21.2 million in Q2 2024. New contracts expected to contribute $20 million of annual EBITDA starting in 2025 [11][21] - **Repauno**: Executed its first long-term contract for Phase 2 transloading system, with potential annual EBITDA contribution of $60 million to $70 million once complete [12][23] - **Long Ridge**: Generated $11.1 million in EBITDA, reflecting a capacity factor of 99%. Anticipated increase in annual revenue and EBITDA by $32 million due to capacity auction results [13][25] Market Data and Key Metrics Changes - The company has a strong pipeline of new business opportunities, with a focus on maintaining organic EBITDA growth of 15% annually across its segments [10][20] - The construction of projects at Jefferson is on budget and on time, with expected revenue service commencing in 2025 [11] Company Strategy and Development Direction - The company is focused on pursuing accretive investments and acquisitions, particularly in the Transtar segment, to enhance growth and value creation [10][42] - Financing plans include issuing $300 million of low-cost tax-exempt debt for Repauno and refinancing existing debt at Long Ridge to reduce fixed charges and enhance cash flow [15][16][18] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the growth potential in the upcoming quarters, driven by new contracts and favorable market conditions [26] - The company is actively pursuing multiple new business opportunities, indicating a robust growth outlook for 2025 and beyond [8][26] Other Important Information - The Board has authorized a quarterly dividend of $0.03 per share, to be paid on November 19, 2024 [6] - Total debt as of September 30, 2024, was $1.5 billion, with significant portions allocated to specific business units [14] Q&A Session Summary Question: Expansion on Long Ridge financing and potential contract pricing - Management indicated that refinancing would be highly accretive, with potential incremental EBITDA of approximately $50 million annually from new swaps at higher market prices [30][32] Question: Update on U.S. Steel transaction and implications for Transtar - Management noted that approval for the Nippon transaction is expected in December, with potential positive implications for Transtar if approved [36][38] Question: Status of M&A opportunities for Transtar - Management confirmed ongoing negotiations for three potential acquisitions, with significant value creation expected from successful transactions [40][42] Question: Details on new contracts at Jefferson - Management provided specifics on two contracts expected to generate $20 million of annual EBITDA, both fully funded and on track for completion [44][45] Question: Role of GE in Long Ridge operations - Management clarified that no mechanical changes are needed for the turbine at Long Ridge, only a software update to increase power generation capacity [47]

Financial Performance - Total revenues for the three months ended September 30, 2024, increased to $83.3 million, up from $80.7 million in the same period of 2023, representing a change of $2.6 million [144]. - Lease income for the three months ended September 30, 2024, was $1.3 million, compared to $737,000 in 2023, an increase of $576,000 [144]. - Rail revenues rose to $44.3 million for the three months ended September 30, 2024, from $41.5 million in 2023, a growth of $2.8 million [144]. - Terminal services revenues increased to $22.8 million in Q3 2024, up from $20.4 million in Q3 2023, reflecting a rise of $2.5 million [144]. - Roadside services revenues decreased to $14.9 million in Q3 2024, down from $18.1 million in Q3 2023, a decline of $3.2 million [144]. - Net loss attributable to stockholders for the three months ended September 30, 2024, was $49.9 million, compared to a net loss of $56.1 million in 2023, an improvement of $6.1 million [144]. - Adjusted EBITDA for the three months ended September 30, 2024, was $36.9 million, an increase of $12.3 million compared to $24.7 million in the same period of 2023 [146]. - Total revenues increased by $11.7 million for the nine months ended September 30, 2024, primarily due to higher revenues in the Railroad segment ($11.3 million) and Jefferson Terminal segment ($6.7 million) [150]. - Net loss attributable to stockholders improved to $(49.97) million for the three months ended September 30, 2024, compared to $(56.10) million in the same period of 2023, a change of $6.13 million [146]. - Net loss attributable to stockholders was $40.3 million for the three months ended September 30, 2024, compared to $41.2 million for the same period in 2023, reflecting a decrease of $0.9 million (2.2%) [197]. Operating Expenses - Operating expenses for the three months ended September 30, 2024, were $62.8 million, a decrease from $68.4 million in the same period of 2023, down by $5.7 million [144]. - Total expenses decreased by $4.4 million for the three months ended September 30, 2024, primarily due to a $5.7 million decrease in operating expenses [151]. - Operating expenses decreased by $7.8 million for the nine months ended September 30, 2024, reflecting a decrease of $14.2 million in roadside services at FYX [151]. - Total expenses decreased by $5.1 million (19.7%) during the three months ended September 30, 2024, reflecting a decrease in operating expenses of $4.8 million (25.3%) and depreciation and amortization expense of $0.7 million (88.5%) [200]. - Operating expenses for the three months ended September 30, 2024, were $17.138 million, a decrease of $0.410 million (2.3%) compared to the previous year [170]. Cash Flow and Investments - Cash used for investments was $62.2 million during the nine months ended September 30, 2024, compared to $89.2 million in the same period of 2023 [204]. - Cash flows used in operating activities were $7.2 million for the nine months ended September 30, 2024, compared to $2.2 million in 2023 [204]. - Net cash used in operating activities increased by $5.0 million to $(7,223) thousand in the nine months ended September 30, 2024, compared to $(2,214) thousand in 2023 [206]. - Net cash used in investing activities decreased by $49.4 million to $(89,638) thousand, primarily due to a $25.4 million decrease in property, plant, and equipment acquisition [206]. - Net cash provided by financing activities increased by $84.5 million to $154,015 thousand, driven by a $287.6 million increase in proceeds from debt [206]. Debt and Interest Expense - Interest expense increased by $5.5 million for the three months ended September 30, 2024, primarily due to an increase in average outstanding debt of approximately $216.2 million [153]. - Interest expense for the three months ended September 30, 2024, was $13.107 million, an increase of $4.827 million (58.3%) compared to the previous year [167]. - A hypothetical 100-basis point increase in variable interest rates would result in an increase of approximately $0.4 million in interest expense over the next 12 months [215]. - The company has dividend payments of $58.2 million due on redeemable preferred stock within the next twelve months [208]. Asset Management - Total consolidated assets as of September 30, 2024, were $2.4 billion, with redeemable preferred stock and equity amounting to $0.6 billion [138]. - The Jefferson Terminal reporting unit had a carrying amount of goodwill of $122.7 million as of December 31, 2023, with an estimated fair value exceeding its carrying value by more than 10% but less than 20% [209]. - The company continues to focus on acquiring diverse long-lived assets in critical infrastructure sectors, aiming for high margins and stable cash flows [138]. Other Income and Expenses - Total other expense increased by $39.4 million during the nine months ended September 30, 2024, primarily due to an increase in equity in losses of unconsolidated entities [153]. - Total other income increased by $2.5 million for the three months and $5.3 million for the nine months ended September 30, 2024, reflecting a decrease in interest expense and loss on extinguishment of debt [162]. - Total other expense increased by $0.5 million (6.1%) during the three months ended September 30, 2024, primarily due to a $4.8 million increase in interest expense related to additional borrowings [172]. - Total other expense increased by $10.1 million (29.0%) during the nine months ended September 30, 2024, primarily due to an $8.4 million loss on modification or extinguishment of debt [172]. Adjusted EBITDA - Adjusted EBITDA is utilized as a key performance measure, providing insights into operational performance and resource allocation decisions [142]. - Adjusted EBITDA increased by $12.3 million for the three months and $24.2 million for the nine months ended September 30, 2024 [154]. - Adjusted EBITDA for the three months ended September 30, 2024, was $21.080 million, an increase of $3.646 million compared to the prior year [158]. - Adjusted EBITDA for the three months ended September 30, 2024, increased by $3,135 thousand to $11,105 thousand, compared to $7,970 thousand in the same period of 2023 [184]. - Adjusted EBITDA for the nine months ended September 30, 2024, was $(5,316) thousand, a decrease of $(1,153) thousand compared to $(4,163) thousand in the same period of 2023 [192].

FTAI INFRASTRUCTURE Supplemental Information Third Quarter 2024 1 IN GENERAL. This disclaimer applies to this document and the verbal or written comments of any person presenting it. This document, taken together with any such verbal or written comments, is referred to herein as the "Presentation." The information contained on, or accessible through, any websites included in this Presentation is not incorporated by reference into, and should not be considered a part of, this Presentation. FORWARD-LOOKING ST ...

Exhibit 99.1 PRESS RELEASE FTAI Infrastructure Inc. Reports Third Quarter 2024 Results, Declares Dividend of $0.03 per Share of Common Stock NEW YORK, October 30, 2024 (GLOBE NEWSWIRE) -- FTAI Infrastructure Inc. (NASDAQ:FIP) (the "Company" or "FTAI Infrastructure") today reported financial results for the third quarter 2024. The Company's consolidated comparative financial statements and key performance measures are attached as an exhibit to this press release. Financial Overview (in thousands, except per ...