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FIP — FTAI Infrastructure News Story

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FTAI Infrastructure Q3 Adjusted EBITDA beats estimates

Overview

FTAI Infrastructure Q3 Adjusted EBITDA of $70.9 mln beats analyst expectations

Company reports Q3 net loss of $104.5 mln

FTAI Infrastructure closed acquisition of Wheeling & Lake Erie Railway

Outlook

Company evaluating strategic alternatives for Long Ridge, including potential sale

West Virginia gas production commenced in August, impacting future gas sales at Long Ridge

Result Drivers

GAS PRODUCTION - Commenced West Virginia gas production in August, resulting in excess gas sales at Long Ridge

Key Details

MetricBeat/MissActualConsensus Estimate
Q3 Revenue$140.55 mln
Q3 Net Income-$104.54 mln
Q3 Adjusted EBITDABeat$70.93 mln$63.70 mln (3 Analysts)
Q3 Operating Expenses$74.98 mln
Q3 Pretax Profit-$99.45 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 56.1% above its October 29 closing price of $5.27 Press Release: ID:nGNX86FrJ8 For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com. (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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