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
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
$122.29 mln
Q2 Net Income
-$79.82 mln
Q2 Adjusted EBITDA
Miss
$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.)