FTAI Infrastructure Q1 adjusted EBITDA misses estimates

Overview

• US infrastructure investor's Q1 revenue nearly doubled yr/yr

• Q1 adjusted EBITDA missed analyst expectations, impacted by planned Long Ridge outage

Outlook

• Company expects lower interest expense and higher free cash flow after Long Ridge sale closes

• Repauno phase two expansion remains on plan for early 2027 operational commencement

Result Drivers

• RAIL AND TERMINAL PERFORMANCE - Company said strong results from rail segment and Jefferson Terminal supported Q1 performance

• LONG RIDGE OUTAGE - Planned 25-day maintenance outage at Long Ridge power plant weighed on Q1 results

Company press release: ID:nGNX84dRlB

Key Details

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 116.6% above its May 6 closing price of $5.54

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