FTAI Infrastructure Q4 Earnings Call Highlights

4 weeks ago 20

MarketBeat

Fri, February 27, 2026 astatine 9:24 AM CST 8 min read

FTAI Infrastructure logo

FTAI Infrastructure logo
  • FTAI reported a Q4 adjusted EBITDA grounds of $80.2 million and full‑year 2025 adjusted EBITDA of $232.3 million, and absorption said the institution exited 2025 astatine an EBITDA tally complaint conscionable implicit $320 million; results exclude a one‑time $9 cardinal write‑up related to Clean Planet Energy.

  • The obstruction conception benefitted from its archetypal afloat 4th of Wheeling & Lake Erie ownership—rail Q4 adjusted EBITDA roseate to $41.3 million—with a $20 million yearly cost‑synergy people much than fractional implemented and an estimated > $50 million of incremental EBITDA imaginable from caller gross opportunities.

  • Long Ridge posted grounds Q4 EBITDA of $36.2 million contempt outages and is successful a merchantability process that absorption says could make “hundreds of millions” successful nett proceeds to deleverage (targeting an H1 announcement); separately, Jefferson’s ammonia declaration is ramping and Repauno Phase 2 is expected to present astir $80 million of yearly EBITDA erstwhile operational (early 2027).

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FTAI Infrastructure (NASDAQ:FIP) reported a fourth-quarter 2025 adjusted EBITDA grounds of $80.2 million, up from $70.9 cardinal successful the 3rd 4th and $29.2 cardinal successful the year-ago period, arsenic the institution benefited from the archetypal full-quarter publication from the Wheeling & Lake Erie Railway and continued spot astatine its Long Ridge powerfulness and state asset.

CEO Ken Nicholson said the quarter’s adjusted EBITDA excluded a $9 cardinal summation tied to a write-up of a non-core concern successful Clean Planet Energy, which absorption characterized arsenic a one-time point not expected to repeat. For the afloat twelvemonth 2025, adjusted EBITDA totaled $232.3 million, up from $127.6 cardinal successful fiscal 2024.

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Nicholson said respective 2025 transactions and declaration commencements were timed specified that full-year results reflected lone partial contributions. Those included the February acquisition of the remaining 49% of Long Ridge, the August acquisition of the Wheeling & Lake Erie Railway, and the late-November commencement of enactment nether a caller 15-year ammonia export declaration astatine the Jefferson terminal.

Based connected these events, Nicholson said the institution exited 2025 astatine an “EBITDA tally complaint of conscionable implicit $320 cardinal annually,” which helium noted was meaningfully higher than reported figures for the year.

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