FTAI Infrastructure Reports 44% Revenue Growth to $122.3 Million, Net Loss of $79.8 Million in Q2 2025

FTAI Infrastructure Inc. reported significant financial developments in its latest 10-Q filing for the quarter ending June 30, 2025. The company achieved total revenues of $122.3 million for the quarter, a 44% increase from $84.9 million in the same period last year. For the first half of 2025, revenues reached $218.4 million, up from $167.4 million in the prior year, reflecting a growth of 30%. This increase was primarily driven by the Power and Gas segment, which benefited from the acquisition of Long Ridge Energy & Power LLC in February 2025, contributing $38 million in power revenues during the quarter.

Despite the revenue growth, FTAI Infrastructure reported a net loss attributable to stockholders of $79.8 million for the second quarter, compared to a loss of $54.4 million in the same quarter of 2024. The loss for the first half of 2025 was $29.9 million, a notable improvement from a loss of $110.9 million in the prior year. The increase in losses was attributed to higher operating expenses, which rose to $74.4 million from $61.2 million year-over-year, driven by increased costs associated with the Long Ridge acquisition, legal fees, and depreciation.

Operationally, FTAI Infrastructure has made strategic moves, including the acquisition of Long Ridge, which has expanded its asset base significantly. The company’s total assets increased to $4.4 billion as of June 30, 2025, up from $2.4 billion at the end of 2024. The acquisition also led to a rise in the company’s debt, which reached $3.1 billion, reflecting a substantial increase from $1.6 billion at the end of the previous fiscal year. The company is actively managing its liquidity, with plans to refinance existing debt and secure new financing to support its operations and growth initiatives.

In terms of operational metrics, FTAI Infrastructure's Railroad segment experienced a decline in revenues, primarily due to decreased carloads and rates per car, which fell by $3 million in the second quarter. Conversely, the Jefferson Terminal segment saw a slight increase in terminal services revenues, while the Power and Gas segment reported significant gains due to the new power plant operations. The company’s Adjusted EBITDA, a key performance metric, increased to $45.9 million for the quarter, up from $34.3 million in the prior year, indicating improved operational efficiency despite the net losses.

Looking ahead, FTAI Infrastructure is focused on enhancing its liquidity position and operational performance. The company is implementing a plan to refinance its debt and has initiated discussions for potential acquisitions to further strengthen its market position. Management remains optimistic about future growth opportunities in the infrastructure sector, particularly in energy and sustainability, as it continues to leverage its strategic assets and operational capabilities.