FTAI Infrastructure Inc. Reports First Quarter 2025 Results, Declares Dividend of $0.03 per Share of Common Stock

Financial Overview - FTAI Infrastructure reported a net income attributable to stockholders of $109.724 million for Q1 2025, compared to a net loss of $56.582 million in Q1 2024, marking a significant turnaround [2][14] - Basic earnings per share (EPS) for common stock was $0.95, while diluted EPS was $0.89 [2][14] - Adjusted EBITDA for the quarter was $155.219 million, with the four core segments contributing $164.512 million [2][21] Revenue and Expenses - Total revenues for Q1 2025 were $96.161 million, an increase from $82.535 million in Q1 2024 [13] - Operating expenses rose to $67.045 million from $64.575 million year-over-year [13] - Total expenses increased to $104.602 million from $93.884 million in the previous year [13] Dividends - The Board of Directors declared a cash dividend of $0.03 per share for the quarter ended March 31, 2025, payable on May 27, 2025 [4] Business Highlights - The company completed refinancing and increased ownership at Long Ridge, executed new contracts and letters of intent at Repauno, and commenced the first of three contracts at Jefferson on April 1, 2025 [9][10] Cash Flow - The net cash used in operating activities was $85.651 million, while net cash provided by investing activities was $164.299 million [19] - The company reported a net increase in cash and cash equivalents and restricted cash of $76.111 million, ending the period with $223.407 million [19] Balance Sheet - Total assets as of March 31, 2025, were $4.142 billion, up from $2.374 billion at the end of 2024 [16][17] - Total liabilities increased to $3.275 billion from $1.918 billion [17] Key Performance Measures - Adjusted EBITDA is utilized as a key performance measure, providing insights into operational performance and resource allocation decisions [21][22]