FTAI Infrastructure (US:FIP)2023-07-26 12:48Financial Performance - The company generated a record $36.2 million of Adjusted EBITDA before corporate expenses in Q2 2023, a 20% increase from $30.1 million in Q1 2023[12] - The Railroad segment generated revenue of $42.5 million and Adjusted EBITDA of $20.3 million in Q2 2023, up from $41.0 million and $17.2 million respectively in Q1 2023[15] - Jefferson Terminal generated Adjusted EBITDA of $7.1 million in Q2 2023, up from $6.5 million in Q1 2023[18] - The Power and Gas segment generated Adjusted EBITDA of $10.4 million in Q2 2023[18] Operational Highlights - Railroad carloads increased 4% from Q1 2023[21] - Refined products throughput volume at Jefferson Terminal was up 30% from Q1 2023[18] - Repauno commenced a new multi-year, minimum volume throughput contract on April 1[18] - The Power and Gas segment had a steady power revenue with a capacity factor at 97%[18] Capital Structure - The company's total debt, net was $1,300.7 million as of June 30, 2023[14] - The company's total equity was $531.4 million as of June 30, 2023[14] - The company's cash and cash equivalents were $42.5 million as of June 30, 2023[14]