Revenue: As of FY2026 Q2, the actual value is USD 186.77 M, missing the estimate of USD 191.83 M.

EPS: As of FY2026 Q2, the actual value is USD -1.41, missing the estimate of USD -0.5625.

EBIT: As of FY2026 Q2, the actual value is USD -45.53 M.

Net Loss Attributable to Common Stockholders

• For the second quarter of 2026, the net loss attributable to common stockholders was - $166,464 thousand, compared to - $83,898 thousand for the second quarter of 2025.
• For the six months ended June 30, 2026, the net loss attributable to common stockholders was - $320,989 thousand, compared to $24,359 thousand for the six months ended June 30, 2025.

Adjusted EBITDA

• Adjusted EBITDA for the second quarter of 2026 was $76,113 thousand, an increase from $45,916 thousand in the second quarter of 2025.
• Adjusted EBITDA for the four core segments was $83,031 thousand for the second quarter of 2026.
• For the six months ended June 30, 2026, Adjusted EBITDA was $146,705 thousand, a decrease from $201,135 thousand for the six months ended June 30, 2025.

Total Expenses

• Total expenses for the second quarter of 2026 were $233,404 thousand, significantly higher than $129,080 thousand in the second quarter of 2025.
• For the six months ended June 30, 2026, total expenses were $418,955 thousand, compared to $232,307 thousand for the six months ended June 30, 2025.

Key Expense Categories

• Operating expenses were $117,333 thousand for Q2 2026, up from $74,435 thousand in Q2 2025.
• Operating expenses for the six months ended June 30, 2026, were $237,727 thousand, compared to $141,480 thousand for the same period in 2025.
• Depreciation and amortization was $39,511 thousand for Q2 2026, compared to $33,998 thousand in Q2 2025.
• Depreciation and amortization for the six months ended June 30, 2026, was $90,202 thousand, compared to $59,010 thousand for the same period in 2025.
• Asset impairment was $63,188 thousand for Q2 2026, compared to $4,401 thousand in Q2 2025.
• Asset impairment for the six months ended June 30, 2026, was $63,188 thousand, compared to $4,401 thousand for the same period in 2025.
• Interest expense was - $105,492 thousand for Q2 2026, compared to - $59,204 thousand in Q2 2025.
• Interest expense for the six months ended June 30, 2026, was - $187,979 thousand, compared to - $102,316 thousand for the same period in 2025.

Cash and Debt Position (as of June 30, 2026)

• Cash and cash equivalents stood at $32,628 thousand, a decrease from $57,351 thousand as of December 31, 2025.
• Total current debt, net was $476,768 thousand, and non-current debt, net was $2,286,949 thousand.
• Net cash used in operating activities for the six months ended June 30, 2026, was - $30,340 thousand, an improvement from - $90,872 thousand for the same period in 2025.

Dividends

• FTAI Infrastructure Inc. declared a cash dividend of $0.03 per share of common stock for the quarter ended June 30, 2026.

Operational Metrics by Segment (Q2 2026 Adjusted EBITDA)

• Railroad segment Adjusted EBITDA was $42,356 thousand.
• Jefferson Terminal Adjusted EBITDA was $13,014 thousand.
• Repauno Adjusted EBITDA was $232 thousand.
• Power and Gas segment Adjusted EBITDA was $27,429 thousand.

Outlook

• The rail segment achieved record revenues and Adjusted EBITDA for Q2 2026, and FTAI Infrastructure Inc. announced the acquisition of Tidewater Logistics.
• The anticipated sale of Long Ridge is pending regulatory approval, expected to eliminate $1.16 billion of debt and allow for repayment of approximately $300 million of other debt.
• Jefferson Terminal completed its SSP bi-directional pipeline project, and Repauno phase two is progressing towards an expected operational commencement in early 2027.