FTAI Infrastructure Inc.
For the period ended Sep 30, 2026. Filed Nov 6, 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.
Sep 30, 2026 · Filed Nov 6, 2026
FIP$3.47+18.0%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 1. Consolidated Statements of Operations for the three and nine months ended September 30, 2026 and 2025
CONSOLIDATED STATEMENTS OF OPERATIONS(unaudited)
(Dollars in thousands, except share and per share data)
| Three Months Ended September 30, · Nine Months Ended September 30, | |||||
|---|---|---|---|---|---|
| Notes | 2026 | 2025 | 2026 | 2025 | |
| Revenues | |||||
| Total revenues | 10 | $218,973 | $140,556 | $594,105 | $359,003 |
| Expenses | |||||
| Operating expenses | 120,602 | 74,985 | 358,329 | 216,465 | |
| General and administrative | 4,180 | 3,202 | 11,408 | 12,177 | |
| Acquisition and transaction expenses | 7,487 | 3,221 | 20,328 | 15,440 | |
| Management fees and incentive allocation to affiliate | 13 | 3,113 | 3,782 | 10,882 | 10,004 |
| Depreciation and amortization | 3, 4, 6 | 35,328 | 34,813 | 125,530 | 93,823 |
| Asset impairment | 28,587 | — | 91,775 | 4,401 | |
| Total expenses | 199,297 | 120,003 | 618,252 | 352,310 | |
| Other (expense) income | |||||
| Equity in (losses) earnings of unconsolidated entities | 5 | (590) | 2,928 | (1,668) | 6,247 |
| Gain (loss) on sale of assets, net | 37 | 28 | (545) | 119,856 | |
| Interest expense | (116,524) | (128,520) | (352,019) | (234,909) | |
| Other (expense) income | (23,487) | 5,554 | (17,216) | 12,299 | |
| Total other expense | (140,564) | (120,010) | (371,448) | (96,507) | |
| Loss before income taxes | (120,888) | (99,457) | (395,595) | (89,814) | |
| Provision for (benefit from) income taxes | 12 | 2,246 | 5,081 | (5,807) | (35,481) |
| Net loss | (123,134) | (104,538) | (389,788) | (54,333) | |
| Less: Net loss attributable to non-controlling interests in consolidated subsidiaries - common stockholders | (13,372) | (11,497) | (39,009) | (33,998) | |
| Less: Preferred dividends and accretion on redeemable non-controlling interests | 34,284 | 12,487 | 104,735 | 12,487 | |
| Less: Dividends and accretion of redeemable preferred stock | 1,511 | 12,824 | 2,168 | 55,622 | |
| Less: Convertible preferred stock dividend | 4,677 | 4,231 | 13,541 | 9,780 | |
| Less: Loss on extinguishment of preferred stock | — | 36,646 | — | 36,646 | |
| Net loss attributable to common stockholders | 16 | $(150,234) | $(159,229) | $(471,223) | $(134,870) |
| Loss per share: | 16 | ||||
| Basic | $(1.27) | $(1.38) | $(4.00) | $(1.17) | |
| Diluted | $(1.27) | $(1.38) | $(4.00) | $(1.18) | |
| Weighted average shares outstanding: | |||||
| Basic | 118,181,737 | 115,555,973 | 117,683,855 | 114,851,106 | |
| Diluted | 118,181,737 | 115,555,973 | 117,683,855 | 114,851,106 | |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.