FTAI Infrastructure Q3 Adjusted EBITDA beats estimates

Reuters10-31
<a href="https://laohu8.com/S/FIP">FTAI Infrastructure</a> Q3 Adjusted EBITDA beats estimates

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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