Overview
FTAI Infrastructure Q3 Adjusted EBITDA of $70.9 mln beats analyst expectations
Company reports Q3 net loss of $104.5 mln
FTAI Infrastructure closed acquisition of Wheeling & Lake Erie Railway
Outlook
Company evaluating strategic alternatives for Long Ridge, including potential sale
West Virginia gas production commenced in August, impacting future gas sales at Long Ridge
Result Drivers
GAS PRODUCTION - Commenced West Virginia gas production in August, resulting in excess gas sales at Long Ridge
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | $140.55 mln | ||
Q3 Net Income | -$104.54 mln | ||
Q3 Adjusted EBITDA | Beat | $70.93 mln | $63.70 mln (3 Analysts) |
Q3 Operating Expenses | $74.98 mln | ||
Q3 Pretax Profit | -$99.45 mln |
Analyst Coverage
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the ground freight & logistics peer group is "buy."
Wall Street's median 12-month price target for Ftai Infrastructure Inc is $12.00, about 56.1% above its October 29 closing price of $5.27
Press Release: ID:nGNX86FrJ8
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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