FTAI Infrastructure
Owns freight railroads, energy terminals, and power/gas assets across North American infrastructure markets.
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Profile
Owns and operates North American infrastructure assets across freight rail, energy terminals, and power/gas, with development-stage sustainability investments. The portfolio is being reshaped by the Wheeling railroad acquisition and a pending Long Ridge sale that would shift focus toward rail and terminals.
Owns and operates North American infrastructure businesses across Railroad, Jefferson Terminal, Repauno, Power and Gas, and Sustainability and Energy Transition. Railroad includes freight railroads and switching operations; Jefferson and Repauno handle crude, refined products, clean fuels, storage, dock, and rail-to-ship activity.
Geography is concentrated in North America, with assets tied to industrial corridors, river terminals, ports, and customer facilities. The company is externally managed by a Fortress affiliate, so strategy and services come through an outside manager under board oversight.
Recent portfolio movement is central to the business. Wheeling expanded the rail platform after regulatory approval, while Long Ridge remains current but sale-pending under an agreement covering the power plant, gas interests, and Ohio River acreage. Revenue also depends on concentrated Railroad and Jefferson Terminal customers.
Company facts
Key statistics
Year to date −26.9% · Average volume (30d) 1.4M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior target | Target |
|---|---|---|---|---|
| Jun 30, 2026 | Compass Point | Target | $13 | $12 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 5, 2026Q2 FY26 | −$0.60 | −$1.41 | −137.0% | $186.1M | $186.8M | +0.4% | +19.06% |
| May 7, 2026Q1 FY26 | −$0.42 | −$1.32 | −214.3% | $182.4M | $188.4M | +3.3% | −5.26% |
| Feb 26, 2026Q4 FY25 | −$0.43 | −$1.08 | −153.1% | $169.2M | $143.5M | −15.2% | −9.78% |
| Oct 30, 2025Q3 FY25 | −$0.59 | −$1.38 | −133.9% | $169.2M | $140.6M | −16.9% | +4.50% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $96.2M | $122.3M | $140.6M | $143.5M | $188.4M | $186.8M | |
| Gross profit | $1.6M | $10.2M | $27.0M | $17.0M | $68.0M | $69.4M | |
| Operating income | −$3.6M | $6.3M | $23.8M | $13.0M | $2.8M | −$46.6M | |
| Net income | $131.6M | −$58.9M | −$93.0M | −$86.8M | −$113.0M | −$128.1M | |
| Diluted EPS | $0.89 | −$0.69 | −$1.38 | −$1.08 | −$1.32 | −$1.41 | |
| Gross margin | 1.6% | 8.3% | 19.2% | 11.9% | 36.1% | 37.2% | |
| Operating margin | -3.7% | 5.2% | 16.9% | 9.0% | 1.5% | -25.0% |
Fiscal years (4-quarter sums)FY21 $120.2M · FY22 $262.0M · FY23 $320.5M · FY24 $331.5M · FY25 $502.5M
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $172.6M · Total debt $2.87B · Total assets $5.75B · Shareholders' equity $826.1M
Dividends
Raised for 2 straight years. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 24, 2026 | Aug 24 | Sep 8 | $0.03 | |
| May 18, 2026 | May 18 | Jun 12 | $0.03 | |
| Mar 13, 2026 | Mar 13 | Apr 1 | $0.03 | |
| Nov 14, 2025 | Nov 14 | Nov 28 | $0.03 | |
| Aug 25, 2025 | Aug 25 | Sep 8 | $0.03 | |
| May 19, 2025 | May 19 | May 27 | $0.03 | |
| Mar 14, 2025 | Mar 14 | Mar 26 | $0.03 | |
| Nov 12, 2024 | Nov 12 | Nov 19 | $0.03 |
Ownership
Shares outstanding 118.16M · Float 108.39M · 91.7% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| GCM Investments GP, LLC | 22.24M | 15.84% | 13D | Jul 2, 2026 |
| Wellington Management Group LLP | 13.49M | 11.42% | 13F | Aug 14, 2026 |
| Washington State Investment Board | 11.79M | 9.97% | 13F | Aug 3, 2026 |
| BlackRock, Inc. | 8.95M | 7.57% | 13F | Aug 7, 2026 |
| Frontier Capital Management Co LLC | 8.26M | 6.99% | 13F | Aug 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 28, 2026 | Carl Russell IV Fletcher | officer: CFO and CAO | +10,000 | $4.58 |
Peers
- CSX
Eastern rail and terminal network overlap.
- Norfolk Southern
Eastern rail, intermodal, and port-access alternative.
- Kinder Morgan
Large-scale liquids terminals and energy storage peer.
- Enterprise Products Partners
NGL, crude, refined-products storage and marine terminal rival.
- Energy Transfer
Diversified crude, NGL, refined-products terminal operator.
- Vistra
Competitive power generator relevant to sale-pending Long Ridge.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| FTAI Infrastructure | $3.57 | +0.14% | $421.8M | — | — | 0.6 | +52.7% |
| CSX | $51.59 | +0.60% | $95.00B | 29.6 | 23.9 | 6.5 | +10.1% |
| Norfolk Southern | $348.68 | +0.03% | $78.32B | 29.8 | 25.5 | 6.2 | +12.5% |
| Kinder Morgan | $31.50 | −0.16% | $70.28B | 20.2 | 21.2 | 3.9 | +10.8% |
| Enterprise Products Partners | $39.00 | −0.04% | $84.42B | 13.5 | 12.8 | 1.4 | +60.8% |
| Energy Transfer | $21.34 | +0.12% | $73.33B | 13.2 | 12.9 | 0.7 | +78.4% |
| Vistra | $138.00 | +0.67% | $46.22B | 23.1 | 14.6 | 2.9 | −5.5% |
| Median | 21.7 | 17.9 | 3.4 | +11.6% |