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FIP — FTAI Infrastructure News Story

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FTAI Infrastructure Q2 adjusted EBITDA misses estimates

Overview

FTAI Infrastructure reports Q2 net loss of $79.8 mln

Q2 adjusted EBITDA misses estimates

Company to acquire Wheeling & Lake Erie Railway for $1.05 bln

Closed $300 mln tax-exempt debt financing at Repauno

Result Drivers

ACQUISITION COSTS - Significant acquisition and transaction expenses impacted financial results

RAILWAY ACQUISITION - Agreed to acquire Wheeling & Lake Erie Railway for $1.05 bln

DEBT FINANCING - Closed $300 mln tax-exempt debt financing at Repauno

Key Details

MetricBeat/MissActualConsensus Estimate
Q2 Revenue$122.29 mln
Q2 Net Income-$79.82 mln
Q2 Adjusted EBITDAMiss$45.92 mln$58.50 mln (3 Analysts)
Q2 Operating Expenses$74.44 mln
Q2 Pretax Profit-$69.01 mln
Analyst Coverage The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell" The average consensus recommendation for the ground freight & logistics peer group is "buy." Wall Street's median 12-month price target for Ftai Infrastructure Inc is $12.00, about 40.3% above its August 6 closing price of $7.17 Press Release: ID:nGNX979dc5 (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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