FTAI Infrastructure Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 29, 2024 at 04:26 pm EST
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FTAI Infrastructure Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 81.44 million compared to USD 71.39 million a year ago. Net loss was USD 48.19 million compared to USD 60.86 million a year ago. Basic loss per share from continuing operations was USD 0.47 compared to USD 0.59 a year ago. Diluted loss per share from continuing operations was USD 0.47 compared to USD 0.59 a year ago.
For the full year, sales was USD 320.47 million compared to USD 261.97 million a year ago. Net loss was USD 183.74 million compared to USD 177.24 million a year ago. Basic loss per share from continuing operations was USD 1.78 compared to USD 1.73 a year ago. Diluted loss per share from continuing operations was USD 1.79 compared to USD 1.73 a year ago.
FTAI Infrastructure Inc. is in the business of acquiring, developing and operating assets and businesses that represent critical infrastructure for customers in the transportation, energy and industrial products industries. Its Railroad segment is comprised of over six freight railroads and one switching company that provide rail service to certain manufacturing and production facilities; Jefferson Terminal segment consists of a multi-modal crude oil and refined products terminal and other related assets; Repauno segment consists of deep-water port located along the Delaware River with an underground storage cavern, a multipurpose dock, and a rail-to-ship transloading system; Power and Gas segment is comprised of an equity method investment in Long Ridge, which is a multi-modal port located along the Ohio River with rail, dock and multiple industrial development opportunities, and Sustainability and Energy Transition segment is comprised of Aleon/Gladieux, Clean Planet and CarbonFree.
FTAI INFRASTRUCTURE INC. 
