FTAI Infrastructure Inc.
For the period ended Jun 30, 2026. Filed Aug 10, 2026.
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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.
Jun 30, 2026 · Filed Aug 10, 2026
FIP$3.47+18.0%Stored close · as of Nov 6, 2026
Contents
Item 1. Consolidated Statements of Operations for the three and six months ended June 30, 2026 and 2025
CONSOLIDATED STATEMENTS OF OPERATIONS(unaudited)
(Dollars in thousands, except share and per share data)
| Three Months Ended June 30, · Six Months Ended June 30, | |||||
|---|---|---|---|---|---|
| Notes | 2026 | 2025 | 2026 | 2025 | |
| Revenues | |||||
| Total revenues | 10 | $186,768 | $122,286 | $375,132 | $218,447 |
| Expenses | |||||
| Operating expenses | 117,333 | 74,435 | 237,727 | 141,480 | |
| General and administrative | 3,674 | 3,862 | 7,228 | 8,975 | |
| Acquisition and transaction expenses | 6,021 | 8,704 | 12,841 | 12,219 | |
| Management fees and incentive allocation to affiliate | 13 | 3,677 | 3,680 | 7,769 | 6,222 |
| Depreciation and amortization | 3, 4, 6 | 39,511 | 33,998 | 90,202 | 59,010 |
| Asset impairment | 63,188 | 4,401 | 63,188 | 4,401 | |
| Total expenses | 233,404 | 129,080 | 418,955 | 232,307 | |
| Other (expense) income | |||||
| Equity in (losses) earnings of unconsolidated entities | 5 | (560) | (1,995) | (1,078) | 3,319 |
| (Loss) gain on sale of assets, net | (16) | — | (582) | 119,828 | |
| Loss on modification or extinguishment of debt | 7 | (1,602) | (4,066) | (47,516) | (4,073) |
| Interest expense | (105,492) | (59,204) | (187,979) | (102,316) | |
| Other income | 3,287 | 3,052 | 6,271 | 6,745 | |
| Total other (expense) income | (104,383) | (62,213) | (230,884) | 23,503 | |
| (Loss) income before income taxes | (151,019) | (69,007) | (274,707) | 9,643 | |
| (Benefit from) provision for income taxes | 12 | (11,576) | 952 | (8,053) | (40,562) |
| Net (loss) income | (139,443) | (69,959) | (266,654) | 50,205 | |
| Less: Net loss attributable to non-controlling interests in consolidated subsidiaries - common stockholders | (11,377) | (11,100) | (25,637) | (22,501) | |
| Less: Preferred dividends and accretion on redeemable non-controlling interests | 33,230 | — | 70,451 | — | |
| Less: Dividends and accretion of redeemable preferred stock | 657 | 20,957 | 657 | 42,798 | |
| Less: Convertible preferred stock dividend | 4,511 | 4,082 | 8,864 | 5,549 | |
| Net (loss) income attributable to common stockholders | 16 | $(166,464) | $(83,898) | $(320,989) | $24,359 |
| (Loss) earnings per share: | 16 | ||||
| Basic | $(1.41) | $(0.73) | $(2.73) | $0.21 | |
| Diluted | $(1.41) | $(0.73) | $(2.73) | $0.21 | |
| Weighted average shares outstanding: | |||||
| Basic | 118,163,955 | 114,880,817 | 117,430,787 | 114,491,338 | |
| Diluted | 118,163,955 | 114,880,817 | 117,430,787 | 115,260,452 | |
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