FTAI Infrastructure Inc.
For the period ended Mar 31, 2026. Filed May 8, 2026.
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, 2026 · Filed May 8, 2026
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, 2026 and 2025
CONSOLIDATED STATEMENTS OF OPERATIONS(unaudited)
(Dollars in thousands, except share and per share data)
| Three Months Ended March 31, | |||
|---|---|---|---|
| Notes | 2026 | 2025 | |
| Revenues | |||
| Total revenues | 10 | $188,364 | $96,161 |
| Expenses | |||
| Operating expenses | 120,394 | 67,045 | |
| General and administrative | 3,554 | 5,113 | |
| Acquisition and transaction expenses | 6,820 | 3,515 | |
| Management fees and incentive allocation to affiliate | 13 | 4,092 | 2,542 |
| Depreciation and amortization | 3, 6 | 50,691 | 25,012 |
| Total expenses | 185,551 | 103,227 | |
| Other income (expense) | |||
| Equity in (losses) earnings of unconsolidated entities | 5 | (518) | 5,314 |
| (Loss) gain on sale of assets, net | (566) | 119,828 | |
| Loss on modification or extinguishment of debt | 7 | (45,914) | (7) |
| Interest expense | (82,487) | (43,112) | |
| Other income | 2,984 | 3,693 | |
| Total other (expense) income | (126,501) | 85,716 | |
| (Loss) income before income taxes | (123,688) | 78,650 | |
| Provision for (benefit from) income taxes | 12 | 3,523 | (41,514) |
| Net (loss) income | (127,211) | 120,164 | |
| Less: Net loss attributable to non-controlling interests in consolidated subsidiaries - common stockholders | (14,260) | (11,401) | |
| Less: Preferred dividends and accretion on redeemable non-controlling interests | 37,221 | — | |
| Less: Dividends and accretion of redeemable preferred stock | — | 21,841 | |
| Net (loss) income attributable to stockholders, before series B preferred stock dividend and loss on extinguishment of preferred stock | $(150,172) | $109,724 | |
| Net (loss) income attributable to common stockholders | 16 | $(154,525) | $108,257 |
| (Loss) earnings per share: | 16 | ||
| Basic | $(1.32) | $0.95 | |
| Diluted | $(1.32) | $0.89 | |
| Weighted average shares outstanding: | |||
| Basic | 116,689,474 | 114,101,860 | |
| Diluted | 116,689,474 | 122,758,859 | |
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