Want to see FIP full AI Analyst Report?
Top Page
FTAI Infrastructure Incorporation
(NASDAQ:FIP)
Select Model
Select Model
Rating:49Neutral
Price Target:
$3.50
▼(-17.26% Downside)
Action:Reiterated
Date:08/06/26
The score is held down primarily by weak financial performance—persistent losses and deeply negative free cash flow—alongside a bearish technical trend (below major moving averages and negative MACD). Offsetting these are constructive earnings-call catalysts centered on the expected Long Ridge sale and deleveraging, plus a modest valuation/income support from the ~3.2% dividend yield despite a negative P/E.
Positive Factors
Revenue Growth Trend
Sustained revenue expansion demonstrates the business’s ability to grow leased and usage-based cash flows across cycles. For an asset-ownership model, multi-year top-line growth supports scale economics, improves coverage of fixed costs, and creates the potential for durable margin improvement and reinvestment capacity over months.
Negative Factors
Weak Cash Generation
Persistent negative operating and free cash flow indicate the core asset base is not self-funding and requires external financing. Over a 2–6 month horizon this limits the company’s ability to fund capex, complete projects without new capital, and reduces resilience to shocks, increasing refinancing and dilution risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth Trend
Sustained revenue expansion demonstrates the business’s ability to grow leased and usage-based cash flows across cycles. For an asset-ownership model, multi-year top-line growth supports scale economics, improves coverage of fixed costs, and creates the potential for durable margin improvement and reinvestment capacity over months.
Read all positive factors
FTAI Infrastructure Incorporation (FIP) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$440.75M
Dividend Yield3.22%
Average Volume (3M)1.87M
Price to Earnings (P/E)―
Beta (1Y)1.44
Revenue Growth72.20%
EPS Growth-267.01%
CountryUS
Employees1,110
SectorIndustrials
Sector Strength72
IndustryConglomerates
Share Statistics
EPS (TTM)-5.19
Shares Outstanding118,163,550
10 Day Avg. Volume1,506,186
30 Day Avg. Volume1,872,350
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 Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$9.25Price Target Upside118.68% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)-2.79
Revenue Forecast (FY)$700.51M
FTAI Infrastructure Incorporation Business Overview & Revenue Model
Company Description
FTAI Infrastructure Inc. (FIP) is an infrastructure company focused on owning and operating assets in the transportation and energy infrastructure sectors. Its portfolio has included rail-related assets and equipment, and it seeks to generate cash...
How the Company Makes Money
FIP makes money primarily by (1) collecting lease and rental income from infrastructure and equipment it owns (for example, railcars or other rail-related equipment) under long-term or medium-term customer contracts, and (2) generating service and...
FTAI Infrastructure Incorporation Earnings Call Summary
Earnings Call Date:Aug 05, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 04, 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 | 73.32M | 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 | 102.46M | 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 | -434.73M | -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
Neutral
4.23
Price Trends
4.38
Negative
4.74
Negative
4.98
Negative
Market Momentum
-0.18
Negative
53.17
Neutral
59.14
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FIP, the sentiment is Neutral. The current price of 4.23 is above the 20-day moving average (MA) of 4.08, below the 50-day MA of 4.38, and below the 200-day MA of 4.98, indicating a neutral trend. The MACD of -0.18 indicates Negative momentum. The RSI at 53.17 is Neutral, neither overbought nor oversold. The STOCH value of 59.14 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for FIP.
FTAI Infrastructure Incorporation Risk Analysis
FTAI Infrastructure Incorporation disclosed 61 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 |
|---|---|---|---|---|---|---|---|
66 Neutral | $127.65M | -1.80 | -27.50% | ― | -69.74% | 63.94% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
60 Neutral | $255.15M | -3.31 | -20.17% | ― | -3.08% | -9.56% | |
53 Neutral | $457.18M | 270.02 | 0.36% | ― | 19.20% | -21.40% | |
49 Neutral | $440.75M | -0.83 | -41.74% | 2.84% | 72.20% | -267.01% | |
47 Neutral | $758.38M | -2.65 | -46.27% | 2.49% | 7.52% | -1.67% | |
46 Neutral | $865.87M | 86.72 | -5.81% | 3.61% | -28.90% | ― |
* Industrials Sector Average
FIP
FTAI Infrastructure Incorporation
4.27
-0.47
-9.92%
CODI
Compass Diversified Holdings
11.00
4.34
65.17%
MATW
Matthews International
23.70
0.98
4.31%
NNBR
NN
3.77
1.61
74.54%
TRC
Tejon Ranch Company
16.69
-0.83
-4.74%
TUSK
Mammoth Energy Services
3.39
1.19
54.09%
FTAI Infrastructure Incorporation Corporate Events
Business Operations and StrategyPrivate Placements and Financing
FTAI Infrastructure Secures Bridge Loan, Refinances Jefferson Bonds
Neutral
Jul 2, 2026
On July 1, 2026, Jefferson 2020 Bond Borrower LLC entered into a secured bridge loan credit agreement for $230 million with Jefferies Finance LLC and other lenders, maturing June 30, 2027. The facility carries interest at Adjusted Term SOFR plus a...
Executive/Board ChangesShareholder Meetings
FTAI Infrastructure Shareholders Back Director and Auditor Choices
Positive
May 29, 2026
At FTAI Infrastructure Inc.’s 2026 Annual Meeting of Shareholders held on May 29, 2026, investors elected Class I director James L. Hamilton to serve until the 2029 annual meeting, with his term extending until a successor is duly chosen and...
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.