- FTAI Infrastructure (FIP, Financial) reports net income of $109.7 million for Q1 2025.
- A significant $120 million gain recorded from Long Ridge Transaction.
- Declared quarterly dividend of $0.03 per share.
FTAI Infrastructure Inc. (FIP) announced robust financial results for the first quarter of 2025, with net income attributable to stockholders reaching $109.7 million, translating to a basic earnings per share of $0.95. A noteworthy achievement for the company was the $120 million gain resulting from the Long Ridge Transaction, which played a significant role in the quarter's financial performance.
The company's Adjusted EBITDA stood at $155.2 million, supported by contributions from its four core business segments, which collectively generated $164.5 million. This indicates strong operational efficiency, although the company pointed out a $9.3 million difference due to non-core segments, such as Sustainability and Energy Transition, impacting overall results.
In a show of confidence regarding cash generation, the company declared a quarterly cash dividend of $0.03 per share, payable on May 27, 2025, to shareholders registered as of May 19, 2025. This modest payout allows FTAI Infrastructure to retain capital for future growth initiatives.
FTAI Infrastructure also reported key business developments, including the completion of refinancing and an increase in ownership at Long Ridge, which resulted in the aforementioned gains. Additionally, new contracts and Letters of Intent (LOIs) have been secured at Repauno, and the company commenced the first of three contracts at Jefferson on April 1st. These activities highlight FTAI Infrastructure's strategic expansion efforts and operational enhancements within its infrastructure portfolio.
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