FTAI Infrastructure Inc. Reports 16.5% Revenue Growth and Net Income Turnaround in Q1 2025

FTAI Infrastructure Inc. reported significant financial performance improvements for the first quarter of 2025, with total revenues reaching $96.2 million, a 16.5% increase from $82.5 million in the same period of 2024. The company achieved a net income of $120.2 million, a substantial turnaround from a net loss of $50.3 million in the prior year. This positive shift was largely driven by a $15.8 million increase in power revenues following the acquisition of Long Ridge Energy & Power LLC, alongside a $0.8 million rise in terminal services revenues.

The company's total expenses also rose, increasing by 11.4% to $104.6 million from $93.9 million year-over-year. This increase was attributed to higher operating expenses, which grew by $2.5 million, and a notable rise in acquisition and transaction expenses, which surged by $2.6 million due to legal fees associated with the Long Ridge acquisition. Additionally, depreciation and amortization expenses increased by $4.5 million, reflecting the addition of new assets from the acquisition.

In terms of operational metrics, FTAI Infrastructure's Railroad segment saw a decline in rail revenues, which fell by $3.7 million due to decreased carloads and rates per car. Conversely, the Jefferson Terminal segment reported a slight increase in revenues, while the Power and Gas segment's revenues surged due to the newly acquired Long Ridge operations. The company also noted a significant gain on the sale of assets amounting to $119.8 million, further bolstering its financial results.

Strategically, FTAI Infrastructure completed the acquisition of Long Ridge Energy & Power LLC on February 26, 2025, which has been a pivotal development for the company. This acquisition not only expanded its operational footprint but also contributed significantly to its revenue growth. The company is focused on leveraging its expanded capabilities in the power and gas sector, alongside its existing infrastructure operations, to drive future growth.

Looking ahead, FTAI Infrastructure expressed confidence in its liquidity position, with total consolidated assets of $4.1 billion as of March 31, 2025. The company has executed plans to manage its liquidity effectively, including accruing paid-in-kind dividends on its Series A Preferred Stock. Management anticipates that the ongoing integration of Long Ridge will enhance operational efficiencies and contribute positively to future earnings, positioning the company for continued growth in the infrastructure sector.