FTAI Infrastructure Reports Record Adjusted EBITDA and Strategic Debt Reduction via Long Ridge Sale
FTAI Infrastructure (FIP) reported record quarterly results for Q3 2026, highlighted by an adjusted EBITDA of $95.3 million. The company's railroad segment saw significant growth, generating $104 million in revenue following the acquisition of the Wheeling and Lake Erie Railroad. This performance was bolstered by higher volumes and a strong pricing environment. A major strategic shift is underway as management prepares to close the $1.5 billion sale of Long Ridge by late November. The proceeds are earmarked for massive debt reduction, with plans to eliminate approximately $1.4 billion in total debt, which is expected to yield $25 million in annual interest savings. To fuel future growth, FIP acquired USD Group energy logistics assets for $255 million and is benefiting from increased crude volumes at the Jefferson Terminal. Despite a net loss attributable to common stockholders of $150.2 million due to transaction-related items, the company's core operational segments show strong momentum and expansion in rail carload forecasts.