FTAI Infrastructure Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 25, 2023 at 04:15 pm EDT
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FTAI Infrastructure Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 81.83 million compared to USD 65.87 million a year ago. Net loss was USD 38.85 million compared to USD 29.48 million a year ago. Basic loss per share from continuing operations was USD 0.38 compared to USD 0.3 a year ago. Diluted loss per share from continuing operations was USD 0.38 compared to USD 0.3 a year ago.
For the six months, sales was USD 158.33 million compared to USD 112.02 million a year ago. Net loss was USD 79.44 million compared to USD 72.3 million a year ago. Basic loss per share from continuing operations was USD 0.77 compared to USD 0.73 a year ago. Diluted loss per share from continuing operations was USD 0.77 compared to USD 0.73 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. 
