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FTAI Infrastructure Incorporation
(NASDAQ:FIP)
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Rating:52Neutral
Price Target:
$2.50
â–¼(-33.69% Downside)
Action:Reiterated
Date:09/28/26
The score is held down primarily by weak financial performance (persistent losses and consistently negative free cash flow) and a bearish technical setup (price below all key moving averages with negative MACD). Offsetting these are a notably constructive earnings call centered on a near-term deleveraging catalyst (Long Ridge sale) and improving EBITDA trajectory, plus a positive, potentially accretive corporate event; valuation is only modestly supportive due to losses despite a 3.84% dividend yield.
Positive Factors
Operating EBITDA Growth
Adjusted EBITDA growth and a record result excluding Long Ridge indicate improving performance from the continuing platform. If sustained, stronger earnings from rail and terminals can support reinvestment, improve operating leverage, and strengthen the company’s ability to fund future growth.
Negative Factors
Persistent Net Losses
Persistent losses and negative operating income show that revenue expansion has not yet translated into sustainable profitability. This limits internally generated capital, makes results more sensitive to execution and financing conditions, and weakens the durability of current earnings power.
Read all positive and negative factors
Positive Factors
Negative Factors
Operating EBITDA Growth
Adjusted EBITDA growth and a record result excluding Long Ridge indicate improving performance from the continuing platform. If sustained, stronger earnings from rail and terminals can support reinvestment, improve operating leverage, and strengthen the company’s ability to fund future growth.
Read all positive factors
FTAI Infrastructure Incorporation (FIP) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$300.18M
Dividend Yield4.72%
Average Volume (3M)1.52M
Price to Earnings (P/E)―
Beta (1Y)1.46
Revenue Growth73.46%
EPS Growth-259.87%
CountryUS
Employees1,110
SectorIndustrials
Sector Strength72
IndustryConglomerates
Share Statistics
EPS (TTM)-5.19
Shares Outstanding118,181,740
10 Day Avg. Volume1,533,236
30 Day Avg. Volume1,519,510
Financial Highlights & Ratios
PEG Ratio0.12
Price to Book (P/B)0.48
Price to Sales (P/S)1.06
P/FCF Ratio-1.33
Enterprise Value/Market Cap14.11
Enterprise Value/Revenue6.43
Enterprise Value/Gross Profit23.35
Enterprise Value/Ebitda57.91
Forecast
1Y Price Target
$9.00Price Target Upside138.73% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-3.53
Revenue Forecast (FY)$711.01M
FTAI Infrastructure Incorporation Business Overview & Revenue Model
Company Description
FTAI Infrastructure Inc. specializes in acquiring, developing, and managing essential infrastructure assets and businesses that serve clients in the transportation and energy industries. Its operational portfolio includes a multi-modal terminal de...
FTAI Infrastructure Incorporation Earnings Call Summary
Earnings Call Date:Aug 05, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 05, 2026
Earnings Call Sentiment Positive
The call presents a broadly positive picture: multiple record operating results (company-level adjusted EBITDA, rail segment metrics, Jefferson), an accretive acquisition (Tidewater), clear progress on asset monetization and high-impact projects (Repauno Phase 2), and a near-term deleveraging event (Long Ridge sale) that should materially improve the balance sheet. The principal negatives are temporary volume disruptions at Jefferson and Transtar (driven by Middle East volatility and a U.S. Steel outage), a planned outage at Long Ridge that reduced Q2 capacity, and modest remaining integration/timing risks (IT completion and sale closing). Overall, the positive operational momentum, sizable deleveraging opportunity, and evidence of accretion from M&A outweigh the near-term headwinds.Positive Updates
Significant Adjusted EBITDA Improvement
Adjusted EBITDA for Q2 2026 was $76.1M, up from $45.9M in Q2 2025 (~+65.8%). Excluding Long Ridge (now held for sale), Q2 adjusted EBITDA was a new quarterly record of $48.7M (just under $200M on an annualized basis).
Negative Updates
Jefferson Q2 Ship Volume Disruption
Crude inbound ship volumes at Jefferson were temporarily reduced in Q2 due to volatility in the Middle East, negatively impacting crude throughput. Management expects ship volumes to recover in Q3 but the disruption created near-term variability in terminal throughput.
Read all updates
Q2-2026 Updates
Positive
Negative
Significant Adjusted EBITDA Improvement
Adjusted EBITDA for Q2 2026 was $76.1M, up from $45.9M in Q2 2025 (~+65.8%). Excluding Long Ridge (now held for sale), Q2 adjusted EBITDA was a new quarterly record of $48.7M (just under $200M on an annualized basis).
Read all positive updates
Company Guidance
Management guided that they expect to close the Long Ridge sale by the end of Q3, which should eliminate roughly $1.4 billion of total debt (a little over $1.1B at Long Ridge and ~ $300M other) and cut parent-level debt service by about $25M annually, materially lowering interest expense; Q2 adjusted EBITDA was $76.1M (excluding Long Ridge $48.7M, roughly $200M annualized) with rail revenue of $92.2M and rail adjusted EBITDA of $42.4M (pro forma Q2 ’25: rev $81.2M / EBITDA $37.6M), and management expects rail and terminal revenues and adjusted EBITDA to grow as Wheeling integration (targeting $20M of cost synergies, ~80% complete with IT consolidation finishing in Q3) and new business ramp; they see in excess of $50M of incremental annual EBITDA potential from new rail revenues, acquired Tidewater (paid $45M) should add ~ $9M of annual EBITDA while handling >20,000 carloads/year, Jefferson delivered Q2 revenue $24.3M / EBITDA $13.0M (vs $21.6M / $11.1M prior), Repauno Phase 1+2 capacity is ~100,000 bpd (≈$80M annual EBITDA) with Phase 2 on track for year-end completion and revenue early 2027, and Long Ridge EBITDA was $27.4M in Q2 with a Q2 capacity factor of 85% (nearly 100% in Q3) and gas production >73,000 MMBtu/day versus ~70,000 required.FTAI Infrastructure Incorporation Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
38
Negative
Cash Flow
22
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 659.21M | 502.52M | 331.50M | 320.47M | 261.97M | 120.22M |
| Gross Profit | 181.40M | 55.73M | 331.50M | -26.66M | -29.90M | 120.22M |
| EBITDA | 73.15M | 243.03M | -61.23M | 23.32M | -59.06M | -39.94M |
| Net Income | -420.90M | -107.17M | -223.65M | -121.34M | -153.58M | -79.87M |
Balance Sheet | ||||||
| Total Assets | 5.75B | 5.75B | 2.37B | 2.38B | 2.48B | 2.44B |
| Cash, Cash Equivalents and Short-Term Investments | 172.57M | 325.95M | 27.79M | 29.37M | 36.49M | 49.87M |
| Total Debt | 2.87B | 3.93B | 1.66B | 1.41B | 1.30B | 789.03M |
| Total Liabilities | 5.11B | 4.80B | 1.92B | 1.64B | 1.69B | 980.25M |
| Stockholders Equity | 826.09M | 1.11B | 583.87M | 809.52M | 816.21M | 1.46B |
Cash Flow | ||||||
| Free Cash Flow | -318.88M | -399.26M | -98.10M | -95.23M | -259.83M | -202.61M |
| Operating Cash Flow | -57.48M | -118.01M | -15.28M | 5.51M | -42.69M | -61.72M |
| Investing Cash Flow | -1.40B | -1.14B | -118.14M | -147.12M | -267.27M | -828.72M |
| Financing Cash Flow | 1.21B | 1.44B | 193.23M | 79.45M | 157.74M | 1.14B |
FTAI Infrastructure Incorporation Technical Analysis
Negative
3.77
Price Trends
3.10
Negative
3.72
Negative
4.52
Negative
Market Momentum
-0.19
Negative
43.25
Neutral
64.22
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FIP, the sentiment is Negative. The current price of 3.77 is above the 20-day moving average (MA) of 2.58, above the 50-day MA of 3.10, and below the 200-day MA of 4.52, indicating a bearish trend. The MACD of -0.19 indicates Negative momentum. The RSI at 43.25 is Neutral, neither overbought nor oversold. The STOCH value of 64.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FIP.
FTAI Infrastructure Incorporation Risk Analysis
FTAI Infrastructure Incorporation disclosed 62 risk factors in its most recent earnings report. FTAI Infrastructure Incorporation reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
FTAI Infrastructure Incorporation Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | $70.18B | 10.00 | 36.19% | 2.01% | -17.35% | 23.22% | |
70 Outperform | $8.40B | 16.35 | 30.42% | 0.69% | 4.55% | 131.74% | |
66 Neutral | $3.80B | 19.42 | 10.43% | 2.49% | 0.27% | -31.92% | |
66 Neutral | $128.50M | 180.41 | 0.29% | 3.42% | -57.96% | 75.86% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
52 Neutral | $300.18M | -0.49 | -51.47% | 4.72% | 73.46% | -259.87% | |
47 Neutral | $5.71B | -4.02 | -18.05% | 0.90% | 97.51% | 34.53% |
* Industrials Sector Average
FIP
FTAI Infrastructure Incorporation
2.54
-2.79
-52.37%
HON
Honeywell International
221.15
12.83
6.16%
OTTR
Otter Tail
90.49
14.78
19.52%
VMI
Valmont
435.01
22.64
5.49%
TUSK
Mammoth Energy Services
2.67
0.54
25.35%
BBUC
Brookfield Business Corp. Class A
27.81
-8.36
-23.11%
FTAI Infrastructure Incorporation Corporate Events
Business Operations and StrategyM&A TransactionsPrivate Placements and Financing
FTAI Infrastructure Expands Midstream Footprint With Port Arthur Deal
Positive
Sep 28, 2026
On September 28, 2026, FTAI Infrastructure’s subsidiary FTAI Energy Partners LLC, known as Jefferson, announced a definitive agreement for its Drub LLC unit to acquire the Port Arthur Terminal in Port Arthur, Texas, and a 50% stake in the Di...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.