| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 188.36 | 95.9% |
| Total Income | 188.36 | 95.9% |
| Expenditure | 185.55 | 77.4% |
| PBT | -123.69 | 257.3% |
| Net Profit | -150.17 | 236.9% |
| OPM | — | |
| NPM | -79.72% | 179.72pp |
| EPS | -1.32 | 238.9% |
FTAI Infrastructure Reports Q1 2026 Results, Declares $0.03 Dividend
08 May 2026 · 8 May, 2:06 am
Summary
FTAI Infrastructure Inc. reported financial results for the first quarter 2026. The company announced an agreement to sell Long Ridge to MARA Holdings, Inc. for $1.52 billion, which will eliminate $1.16 billion of Long Ridge debt and allow repayment of approximately $300 million of debt at the FIP parent level. Adjusted EBITDA for the first quarter was $70.6 million, but would have exceeded $80 million excluding a planned outage. The company's Board of Directors declared a cash dividend of $0.03 per share for the quarter ended March 31, 2026.
Key Highlights
- 1
FTAI Infrastructure announced an agreement on April 30, 2026, to sell Long Ridge to MARA Holdings, Inc. for $1.52 billion.
- 2
The sale of Long Ridge will allow FIP to immediately eliminate $1.16 billion of Long Ridge debt.
- 3
Net proceeds from the Long Ridge sale will be used to repay approximately $300 million of debt at the FIP parent level.
- 4
Adjusted EBITDA for the first quarter of 2026 was reported at $70.6 million.
- 5
Excluding the impact of a planned outage, Adjusted EBITDA for FIP would have exceeded $80 million for Q1.
- 6
The Board of Directors declared a cash dividend of $0.03 per share for the quarter ended March 31, 2026.
Informational and educational content only. Not investment advice.