FTAI Infrastructure Inc.
For the period ended Mar 31, 2025. Filed May 16, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 16, 2025
FIP$3.47+18.0%Stored close · as of Nov 6, 2026
Contents
Item 1. Consolidated Statements of Operations for the three months ended March 31, 2025 and 2024
CONSOLIDATED STATEMENTS OF OPERATIONS(unaudited)
(Dollars in thousands, except share and per share data)
| Three Months Ended March 31, | |||
|---|---|---|---|
| Notes | 2025 | 2024 | |
| Revenues | |||
| Total revenues | 11 | $96,161 | $82,535 |
| Expenses | |||
| Operating expenses | 67,045 | 64,575 | |
| General and administrative | 5,113 | 4,861 | |
| Acquisition and transaction expenses | 3,515 | 926 | |
| Management fees and incentive allocation to affiliate | 15 | 2,542 | 3,001 |
| Depreciation and amortization | 4, 7 | 25,012 | 20,521 |
| Asset impairment | 1,375 | — | |
| Total expenses | 104,602 | 93,884 | |
| Other income (expense) | |||
| Equity in earnings (losses) of unconsolidated entities | 6 | 6,689 | (11,902) |
| Gain (loss) on sale of assets, net | 119,828 | (13) | |
| Loss on modification or extinguishment of debt | 8 | (7) | — |
| Interest expense | (43,112) | (27,593) | |
| Other income | 3,693 | 2,365 | |
| Total other income (expense) | 87,091 | (37,143) | |
| Income (loss) before income taxes | 78,650 | (48,492) | |
| (Benefit from) provision for income taxes | 14 | (41,514) | 1,805 |
| Net income (loss) | 120,164 | (50,297) | |
| Less: Net loss attributable to non-controlling interests in consolidated subsidiaries | (11,401) | (10,690) | |
| Less: Dividends and accretion of redeemable preferred stock | 21,841 | 16,975 | |
| Net income (loss) attributable to stockholders | $109,724 | $(56,582) | |
| Net income (loss) attributable to common stockholders | 18 | $108,257 | $(56,582) |
| Earnings (loss) per share: | 18 | ||
| Basic | $0.95 | $(0.54) | |
| Diluted | $0.89 | $(0.54) | |
| Weighted average shares outstanding: | |||
| Basic | 114,101,860 | 104,189,287 | |
| Diluted | 122,758,859 | 104,189,287 | |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.