FTAI Infrastructure Inc.

FTAI Infrastructure Inc. announced the proposed sale of Long Ridge Energy & Power LLC for a base purchase price of $1.52 billion, with the asset now classified as held-for-sale. The company reported a net loss attributable to common stockholders of $(166.5) million for Q2 2026 and $(321.0) million for the first half of 2026, despite a 52.7% increase in Q2 revenues to $186.8 million. Management expects the Long Ridge sale to improve liquidity and reduce debt, but noted that current liquidity is insufficient to satisfy the Jefferson Bridge Loan Credit Agreement, requiring refinancing.

FTAI Infrastructure Inc. reported its second quarter 2026 financial results, with Adjusted EBITDA increasing to $76.1 million, up from $45.9 million in Q2 2025. The company, however, posted a net loss attributable to common stockholders of $(166.5) million, or $(1.41) per share. Highlights include strong performance from the rail segment with record revenues and Adjusted EBITDA, progress on the Jefferson and Repauno projects, and an anticipated sale of Long Ridge to reduce debt. The Board of Directors also declared a cash dividend of $0.03 per share.

FTAI Infrastructure Inc. announced its plan to release financial results for the second quarter of 2026 after the Nasdaq closing on Wednesday, August 5, 2026. The company will host a conference call on Thursday, August 6, 2026, at 8:00 A.M. Eastern Time to discuss the results. A press release, earnings supplement, and webcast details will be available on the investor relations section of its website.

FTAI Infrastructure Inc.'s subsidiary, Jefferson 2020 Bond Borrower LLC, secured a $230.0 million bridge loan facility on July 1, 2026. The loan, maturing on June 30, 2027, carries an interest rate of Adjusted Term SOFR plus 5.50%, with periodic step-ups. The proceeds were primarily used to repay $217.87 million of outstanding Taxable Series 2024B Bonds and fund a debt service reserve account. The agreement includes customary covenants, mandatory prepayment provisions, and a minimum liquidity requirement.

FTAI Infrastructure Inc. announced the completion of its acquisition of Tidewater Logistics, a barge and rail transloading company, for approximately $45 million in cash. The acquisition was funded by upsizing FIP's existing term loan. Tidewater Logistics is expected to contribute $9 million in Adjusted EBITDA over the next twelve months and is considered a natural fit that complements FIP's existing railroad assets, offering opportunities for expanded customer relationships and increased throughput volumes.

FTAI Infrastructure Inc. reported a net loss attributable to common stockholders of $(154.5) million, or $(1.32) per basic share, for the first quarter of 2026, a significant decline from net income of $108.3 million, or $0.95 per basic share, in Q1 2025. Total revenues increased to $188.4 million from $96.2 million year-over-year. The company incurred a $(45.9) million loss on debt extinguishment and saw interest expense rise to $(82.5) million. FTAI Infrastructure refinanced its Bridge Loan with a $1.35 billion Term Loan and entered a $255.0 million Backstop Agreement to manage debt, with a planned sale of Long Ridge to further improve liquidity.

FTAI Infrastructure Inc. reported Q1 2026 financial results, highlighted by an agreement to sell Long Ridge for $1.52 billion. This divestment is expected to eliminate $1.16 billion of Long Ridge debt and repay approximately $300 million of parent-level debt, enhancing free cash flow. The company reported Adjusted EBITDA of $70.6 million for the quarter, which would have exceeded $80 million excluding a planned outage. Total revenues significantly increased to $188.36 million, though the company recorded a net loss of $(150.17) million. The Board also declared a cash dividend of $0.03 per share.

FTAI Infrastructure Inc. announced an agreement to sell its indirect wholly-owned subsidiary, Long Ridge Energy & Power LLC, to MARA USA Corporation, a subsidiary of MARA Holdings, Inc., for approximately $1.52 billion. The transaction includes a $20 million escrow for post-closing adjustments and is expected to close in Q3 2026, subject to regulatory approvals. FIP plans to use the net proceeds to eliminate $1.16 billion of Long Ridge debt and repay approximately $300 million of its corporate debt, while also reinvesting in growth opportunities within its freight rail and terminals segments.

FTAI Infrastructure Inc. (FIP) announced a definitive agreement to sell Long Ridge Energy & Power LLC and related assets to a subsidiary of MARA Holdings, Inc. for approximately $1.52 billion. The sale is a key strategic step for FIP, aiming to unlock shareholder value and deleverage the company. FIP plans to use the net proceeds to repay $1.16 billion of asset-level debt and approximately $300 million of corporate debt, with remaining funds for reinvestment in growth opportunities. The transaction is expected to close in the third quarter of 2026, pending regulatory approvals.

FTAI Infrastructure Inc. announced the appointment of KPMG LLP as its independent registered public accounting firm for the fiscal year ending December 31, 2026, effective April 15, 2026. Concurrently, the company dismissed Ernst & Young LLP, which had served as its auditor since 2021. The company confirmed there were no disagreements with either firm on accounting principles or audit opinions, and EY's previous audit reports were unqualified.