FTAI Infrastructure Inc. reported its financial results for the first quarter of 2025, with total revenues increasing to $96.2 million from $82.5 million in Q1 2024, a 16.5% year-over-year rise. Despite this growth, the revenue figure missed Wall Street’s expectations for the quarter.
The company posted a GAAP profit of $0.89 per share, which significantly exceeded analysts’ consensus estimates. Adjusted EBITDA for Q1 2025 was $35.2 million, marking a notable 29% increase compared to $27.2 million in Q1 2024, primarily driven by the Power and Gas segment.
The Power and Gas segment, following the Long Ridge acquisition, contributed $17.3 million in revenue and $138.1 million in Adjusted EBITDA during the quarter. However, Rail revenues decreased by $3.7 million, while Jefferson Terminal saw a modest revenue increase of $0.8 million, and Repauno's revenue slightly decreased by $0.3 million.
Operating expenses increased by $2.5 million, partly due to higher drilling and legal costs in the Power and Gas segment post-acquisition, and depreciation and amortization rose by $4.5 million. Cash used in operating activities increased to $85.7 million, while cash provided by investing activities surged to $164.3 million, reflecting the net impact of the Long Ridge business acquisition.
As of March 31, 2025, total consolidated debt stood at $2.8 billion, reflecting the impact of the Long Ridge acquisition. The company's Board of Directors also declared a cash dividend of $0.03 per share on its common stock for the quarter ended March 31, 2025, payable on May 27, 2025.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.