Quick answer: latest quarter results, by ticker or company name

Reported Q: Q3 2024 Rev YoY: +3.2% EPS YoY: +16.4% Move: +0.70%

FTAI Infrastructure Inc

FIP

$5.07 0.70%

Exchange NASDAQ Sector Industrials Industry Conglomerates

Q3 2024

Published: Oct 31, 2024

Company Status Snapshot

Fast view of the latest quarter outcome for FIP

Reported

Report Date

Oct 31, 2024

Quarter Q3 2024

Revenue

83.31M

YoY: +3.2%

EPS

-0.46

YoY: +16.4%

Market Move

+0.70%

Previous quarter: Q2 2024

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Earnings Highlights

Revenue of $83.31M up 3.2% year-over-year
EPS of $-0.46 increased by 16.4% from previous year
Gross margin of 97.0%
Net income of -32.99M
"Assuming we enter into new swaps at that $42 per megawatt hour level, the incremental EBITDA at Long Ridge is approximately $50 million annually pretty significant." - Ken Nicholson, CEO

FIP

Company FIP

Period Q3 2024

Currency USD

Report Type Quarterly Earnings

Generated Mar 26, 2026

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Executive Summary

FTAI Infrastructure posted a materially mixed Q3 2024, reflecting the company’s multi-asset, project-financed structure. On a GAAP basis, quarterly EBITDA was $7.96 million with an operating loss of $4.74 million and a net loss of $32.99 million, driven largely by a large negative

Key Performance Indicators

Revenue

Increasing

83.31M

QoQ: -1.86% | YoY: 3.23%

Gross Profit

Increasing

80.79M

96.97% margin

QoQ: 11 073.58% | YoY: 0.91%

Operating Income

Increasing

-4.74M

QoQ: -124.04% | YoY: 65.08%

Net Income

Increasing

-32.99M

QoQ: 10.20% | YoY: 17.76%

EPS

Increasing

-0.46

QoQ: 11.54% | YoY: 16.36%

Revenue Trend

Margin Analysis

Financial Highlights

Revenue: $83.31 million (+3.23% YoY; -1.86% QoQ). Gross Profit: $80.785 million; Gross Margin: ~97.0%. EBITDA: GAAP $7.96 million; Adjusted EBITDA (management) $36.9 million (quarterly record per management call). Operating Income: -$4.74 million; Operating Margin: -5.69%. Net Income: -$32.99 million; Net Margin: -39.60%. EPS: -$0.46 basic and diluted. Free Cash Flow: -$12.08 million; Operating Cash Flow: $14.25 million; Capital Expenditures: -$26.33 million; Free Cash Flow to Equity: negative. Balance sheet strength indicators include Total Assets: $2.438 billion; Total Debt: $1.605 billion; Net Debt: $1.584 billion; Cash and Cash Equivalents: $20.3 million at period end; Equity: $737.7 million.

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	83.31M	3.23%	-1.86%
Gross Profit	80.79M	0.91%	11 073.58%
Operating Income	-4.74M	65.08%	-124.04%
Net Income	-32.99M	17.76%	10.20%
EPS	-0.46	16.36%	11.54%

Key Financial Ratios

Gross Profit Margin

Excellent

97.00%

Gross profit margin is exceptional, indicating strong pricing power and operational efficiency

Operating Profit Margin

Weak

-0.06%

Operating margin is below industry norms, profitability concerns

Net Profit Margin

Weak

-0.40%

Net profit margin is below industry norms, profitability concerns

Return on Assets

Weak

-0.01%

Return on assets suggests inefficient capital allocation

Return on Equity

Weak

-0.04%

Return on equity suggests inefficient capital allocation

Current Ratio

Adequate

1.42

Current ratio meets minimum requirements but limited cushion

Debt to Equity

High Risk

2.18

Debt-to-equity indicates high leverage and elevated financial risk

P/E Ratio

Negative

-7.78x

Negative earnings make P/E ratio not meaningful

Price to Book

Fair Value

1.39x

Price-to-book ratio reasonable for profitable companies

Historical Earnings Comparison

Period	Revenue ($M)	EPS ($)	YoY Growth	Report
Q1 2025	96.16	0.89	+16.5%	View
Q4 2024	80.76	-0.83	-0.8%	View
Q3 2024	83.31	-0.46	+3.2%	View
Q2 2024	84.89	-0.52	+3.7%	View
Q1 2024	82.54	-0.38	+7.9%	View

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FTAI Infrastructure Inc (FIP) Q3 2024 Earnings Report

Company Status Snapshot

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue Trend

Margin Analysis

Historical Earnings Comparison

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