Derivative Financial Instruments Electricity Derivatives—Our equity method investee, Long Ridge, enters into derivative contracts as part of a risk management program to mitigate price risk associated with certain electricity price exposures. Long Ridge primarily uses swap derivative contracts, which are agreements to buy or sell a quantity of electricity at a predetermined future date and at a predetermined price. Cash Flow Hedges Certain of these derivative instruments are designated and qualify as cash f ...

Financial Data and Key Metrics Changes - Adjusted EBITDA for Q2 2023 was $36.2 million, up 20% sequentially from $30.1 million in Q1 2023, marking a record result for the company [31] - The company ended Q2 with $42.5 million in cash and $1.3 billion in debt, with a slight increase in total debt post a $100 million issuance [22][53] - Revenue for Transtar in Q2 was $42.5 million, with adjusted EBITDA of $20.3 million, up from $41 million and $17.2 million in Q1 respectively [33][52] Business Line Data and Key Metrics Changes - Transtar's adjusted EBITDA increased by 18% from Q1 to Q2, driven by higher carload volumes and average rates [52] - Repauno experienced an adjusted EBITDA loss in Q2 due to startup costs but is now generating positive adjusted EBITDA [32][36] - Long Ridge reported $10.4 million in adjusted EBITDA for Q2, down from $11.3 million in Q1, as gas production was limited due to lower prices [57] Market Data and Key Metrics Changes - The market prices for gas in the region are between $1.30 to $1.50 per MMBtu, with the company targeting production increases when prices exceed $2 [12] - The company is seeing increased interest from behind-the-meter customers, including data center developers and companies focused on energy transition opportunities [1] Company Strategy and Development Direction - The company aims to reach a run rate of $200 million in annual adjusted EBITDA by the end of 2023 without additional capital investment [21] - There is a focus on securing long-term contracts for clean fuels, with a new 15-year contract for hydrogen-based clean fuels at Jefferson South [35][65] - The M&A market is becoming more active, with the company reviewing numerous investment opportunities [14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving $30 million of incremental EBITDA opportunities at Transtar, with $15 million to $20 million already in a good place [7] - The company anticipates continued growth in the second half of 2023, driven by new contracts and operational improvements [21][27] - Management noted that the completion of the new ship dock at Jefferson will significantly enhance operational capacity and EBITDA growth [64] Other Important Information - The company declared a quarterly dividend of $0.03 per share to be paid on August 15 [51] - The completion of the second ship dock at Jefferson is expected to facilitate substantial increases in volumes entering the second half of the year [24] Q&A Session Summary Question: What is the expected EBITDA growth for the remainder of 2023? - Management expects to maintain 20% EBITDA growth from segments and closer to 25% after corporate expenses [59] Question: What is the contribution of third-party EBITDA to Transtar's reported figures? - Approximately 10% of Transtar's EBITDA is attributable to third parties, with plans to increase this contribution [60] Question: What is the anticipated EBITDA from Jefferson in the near term? - Jefferson is expected to reach a quarterly EBITDA run rate of over $10 million starting in Q3, driven by the completion of the new dock and new contracts [64] Question: What is the current M&A environment? - The M&A market is becoming more active, with the company reviewing many investment opportunities and expecting to see results in the coming quarters [14][68]

Segment Review Average gas production during Q1 reached a record high of 81k MMBtu per day 10 Refinery catalyst and lithium battery recycling Appendix Appendix Appendix: 14 Appendix 16 Consolidated (unaudited) 18 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. Jefferson Terminal (unaudited) Appendix Repauno (unaudited) | --- | --- | --- | --- | --- | --- | --- | --- | |--------------------------------------- ...

| --- | --- | --- | |--------------------------------------------|--------------------|-----------------------| | | March 31, 2023 | December 31, 2022 | | Land, site improvements and rights | $ 183,526 | $ 183,640 | | Construction in progress | 145,544 | 127,941 | | Buildings and improvements | 19,356 | 19,356 | | Bridges and Tunnels | 173,868 | 173,868 | | Terminal machinery and equipment | 1,152,592 | 1,141,505 | | Track and track related assets | 100,068 | 100,068 | | Railroad equipment | 9,007 | 8,463 | ...

65 Total other expense increased $26.8 million due to an increase in interest expense of $26.6 million which reflects an increase in the average outstanding debt from the 2027 Notes issued in July 2022. Dividends and accretion of redeemable preferred stock Dividends and accretion of redeemable preferred stock increased $23.7 million due to the redeemable preferred stock raise completed in August 2022. Adjusted EBITDA (non-GAAP) Adjusted EBITDA decreased $0.3 million primarily due to the changes noted above. ...

FTAI Infrastructure Inc. (NASDAQ:FIP) Q4 2022 Results Conference Call March 2, 2022 8:00 AM ET Company Participants Alan Andreini - Head, IR Ken Nicholson - CEO Scott Christopher - CFO Conference Call Participants Giuliano Bologna - Compass Point Operator Good day, and welcome to the Fourth Quarter 2022 FTAI Infrastructure Earnings Conference call. At this time, all participants are in listen-only mode. After the speaker's presentation, there'll be a question-and-answer session. Instructions will be given a ...

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 September 30, 2022 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 (State or other jur ...

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 June 30, 2022 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 (State or other jurisdic ...