Financial Data and Key Metrics - Adjusted EBITDA before corporate expenses for Q2 2024 was $41.8 million, up 15% YoY and 12% sequentially [4] - The company forecasts generating over $200 million of run-rate annual EBITDA by the end of 2024 and expects to exceed this in 2025 [6] - Total debt as of June 30 was $1.6 billion, with $564 million at the corporate level and the rest at business units [9] Business Segment Performance Transtar - Adjusted EBITDA for Transtar was $22.1 million in Q2, with steady carload volumes and record average rates of $667 per carload [6][10] - The company added new third-party customers and expects to add more in H2 2024, diversifying its revenue base [11] - Transtar is debt-free and has potential for acquisitions of short-line and regional rail assets [9][12] Jefferson - Jefferson generated $12.3 million in adjusted EBITDA in Q2, handling record volumes of 215,000 barrels per day [7] - Two long-term contracts commencing in 2025 are expected to contribute $20 million in annual EBITDA [14] - The company is negotiating additional contracts that could generate $60 million in annual revenue [14] Repauno - Phase 2 construction is set to begin in Q3 2024, with expected capacity for 75,000 barrels per day of natural gas liquids [15] - Phase 2 is projected to contribute $75 million in annual EBITDA upon completion, up from initial expectations of $40 million [15] Long Ridge - Long Ridge generated $8.8 million in EBITDA in Q2, impacted by scheduled maintenance in May [16] - Capacity auction results for 2025-2026 indicate a 10x increase in pricing, potentially adding $32 million in incremental EBITDA [16][17] - The company is engaging with multiple parties for on-site data center projects, leveraging its power generation capabilities [18] Market and Strategic Direction - The company is focused on owning core infrastructure in major markets with long-term contracted cash flows and growth opportunities [5] - Strategic initiatives include expanding third-party customer bases, developing new facilities, and pursuing accretive acquisitions [6][12][34] - The company is well-positioned to benefit from macro trends such as AI-driven power demand and energy transitions [5][17] Management Commentary on Operating Environment and Outlook - Management expects continued momentum in H2 2024, driven by new business wins and strategic initiatives [4] - The company is optimistic about the growth potential across all segments, particularly Transtar and Long Ridge [34] - The favorable commercial landscape and strong demand for power and infrastructure support the company's growth trajectory [17][18] Other Key Information - The company declared a $0.03 per share quarterly dividend, payable on August 20 [4] - Transtar's new railcar repair facility handled 816 railcars in Q2, with plans to introduce a second shift to increase capacity [11] - Jefferson completed a new financing in Q2, refinancing near-term maturities and funding construction projects [7][9] Q&A Session Summary Question: Transtar's third-party revenue growth - When acquired, Transtar's revenue was 95% from U.S. Steel, now below 85%, with a goal to reduce it to the mid-60s [20] Question: Transtar acquisition strategy - The company is focusing on short-line railroads with regional overlap and industrial switching lines, aiming to diversify revenue [22] Question: Repauno cavern approvals - Cavern permits are expected in H2 2024, with construction starting in 2025, adding significant value to Repauno [24] Question: Long Ridge capacity auction impact - The capacity auction results have increased negotiating leverage with behind-the-meter customers, including data centers [26] Question: Jefferson's new contracts - Two contracts commencing in 2025 will contribute $20 million in annual EBITDA, with no ramp-up period [28][29] Question: Balance sheet refinancing - The company is planning a refinancing in H2 2024 to reduce borrowing costs and increase flexibility, potentially leveraging Transtar [30][31] Question: Management's priorities - Top priorities include accretive acquisitions at Transtar and development opportunities at Long Ridge [34] Question: Long Ridge swaps and merchant power - Swaps have 3-5 years remaining, and the plant is technically a merchant plant, free to provide power to any customer [36] Question: Long Ridge data center backup power - Backup power costs are likely borne by the company, with flexibility in power management being a key advantage [38][39]

NEW YORK, Aug. 02, 2024 (GLOBE NEWSWIRE) -- FTAI Infrastructure Inc. (NASDAQ:FIP) (the "Company" or "FTAI Infrastructure") today reported financial results for the second 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 share data) | | | Selected Financial Results | Q2' ...

NEW YORK, July 09, 2024 (GLOBE NEWSWIRE) -- FTAI Infrastructure Inc. (NASDAQ:FIP; the "Company" or "FTAI Infrastructure") plans to announce its financial results for the second quarter 2024 after the closing of Nasdaq on Thursday, August 1, 2024. 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, August 2, 2024, at 8:00 A.M. Eastern Time. The ...

GUELPH, ON, June 17, 2024 /PRNewswire/ -- Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ) announced today that its first portfolio of Japan's feed-in premium (FIP) PV projects began commercial operation on June 1, 2024. The projects that have reached commercial operation include a 1.2 MWp project in Tsukuba City, Ibaraki Prefecture and a 1.9 MWp project in Daisen Town, Tottori Prefecture. Both projects are powered by CS7N660W bifacial modules. Initially awarded a feed-in tariff (FIT) ...

Jefferson Energy's Main Terminal is a 6.2 MMbbl storage terminal and multi-modal transloading facility situated on a 250-acre site on the Neches River, handling crude oil and refined products with pipeline connectivity to the 630,000 bbl/day Motiva Port Arthur Refinery and the 630,000 bbl/day ExxonMobil Beaumont Refinery. Jefferson Energy's Main Terminal has three docks capable of handling barges, Aframax, and Suezmax vessels for inbound/outbound product movements, and over 23 miles of rail track, with four ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____ to ____ Commission file number 001-41370 FTAI INFRASTRUCTURE INC. (Exact name of registrant as specified in its charter) | Delaware | | 87-4407005 | | | --- | --- | ...

1) This is a Non-GAAP measure. See Reconciliation of Non-GAAP Measures section in Appendix for a reconciliation to the most comparable GAAP measure. 17 Jefferson Terminal (unaudited) Three Months Ended | --- | --- | --- | --- | --- | --- | --- | --- | --- | |---------------------------------------------------------------------------------------|-------|-------------|-----------|-------------|--------------|------------|-------|-----------| | ($s in thousands) \nRevenues | | | 3/31/2023 | 6/30/2023 | 9/30/20 ...

Exhibit 99.1 PRESS RELEASE FTAI Infrastructure Inc. Reports First Quarter 2024 Results, Declares Dividend of $0.03 per Share of Common Stock NEW YORK, May 7, 2024 (GLOBE NEWSWIRE) -- FTAI Infrastructure Inc. (NASDAQ:FIP) (the "Company" or "FTAI Infrastructure") today reported financial results for the first 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 sha ...

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 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____ to ____ Commission file number 001-37386 FTAI INFRASTRUCTURE INC. (Exact name of registrant as specified in its charter) Delaware 87-4407005 (State or other jurisdiction ...

FTAI Infrastructure Inc. (NASDAQ:FIP) Q4 2023 Earnings Conference Call March 1, 2024 8:00 AM ET Company Participants Alan Andreini - Investor Relations Ken Nicholson - Chief Executive Officer Conference Call Participants Giuliano Bologna - Compass Point Operator Good day and welcome to the Q4 2023 FTAI Infrastructure Earnings Conference Call. At this time all participants are in listen-only mode. Later, we will conduct a question-and-answer session, and instructions will be given at that time. As a reminder ...