FTAI Infrastructure Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 26, 2023 at 04:15 pm EDT
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FTAI Infrastructure Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 80.71 million compared to USD 78.56 million a year ago. Net loss was USD 56.1 million compared to USD 44.08 million a year ago. Basic loss per share from continuing operations was USD 0.55 compared to USD 0.43 a year ago. Diluted loss per share from continuing operations was USD 0.55 compared to USD 0.43 a year ago.
For the nine months, sales was USD 239.03 million compared to USD 190.58 million a year ago. Net loss was USD 135.54 million compared to USD 116.38 million a year ago. Basic loss per share from continuing operations was USD 1.32 compared to USD 1.13 a year ago. Diluted loss per share from continuing operations was USD 1.32 compared to USD 1.13 a year ago.
FTAI Infrastructure Inc. is in the business of acquiring, developing and operating assets and businesses that represent critical infrastructure for customers in the transportation, energy and industrial products industries. Its Railroad segment is comprised of over six freight railroads and one switching company that provide rail service to certain manufacturing and production facilities; Jefferson Terminal segment consists of a multi-modal crude oil and refined products terminal and other related assets; Repauno segment consists of deep-water port located along the Delaware River with an underground storage cavern, a multipurpose dock, and a rail-to-ship transloading system; Power and Gas segment is comprised of an equity method investment in Long Ridge, which is a multi-modal port located along the Ohio River with rail, dock and multiple industrial development opportunities, and Sustainability and Energy Transition segment is comprised of Aleon/Gladieux, Clean Planet and CarbonFree.
FTAI INFRASTRUCTURE INC. 
