FTAI Infrastructure Sells Long Ridge Energy for $1.52 Billion
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 30 2026
0mins
FTAI Infrastructure (FIP) announced that it has entered into a definitive agreement to sell Long Ridge Energy & Power LLC and certain related assets to a subsidiary of MARA Holdings (MARA) with the transaction valued at approximately $1.52B before closing adjustments. "The sale of Long Ridge is a key step in our strategic plan at FIP, unlocking value to our shareholders and deleveraging our company," said Ken Nicholson, CEO of FIP. "Long Ridge has grown from a brownfield development project we commenced nearly a decade ago into an exceptional operating platform. As a result of the sale, we will immediately eliminate $1.16 billion of Long Ridge debt and expect to use the net proceeds to repay approximately $300 million of debt at our parent level. By reducing leverage and increasing free cash flow going forward, we plan to advance our strategic priorities in our existing freight rail and terminals segments. We look forward to updating investors with additional details regarding the transaction during our first quarter earnings call on May 8."
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Analyst Views on FIP
Wall Street analysts forecast FIP stock price to rise
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 4.440
Low
13.00
Averages
13.00
High
13.00
Current: 4.440
Low
13.00
Averages
13.00
High
13.00
About FIP
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 provides 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.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
FTAI Infrastructure Acquires Tidewater Logistics for $45M
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- Integration Benefits: Tidewater's transloading platform is highly complementary to FTAI's existing asset network, particularly enhancing synergies with the Wheeling & Lake Erie Railway, which will strengthen the company's competitive position in the critical shale markets of the Appalachian Basin and Gulf Coast.
- Financial Upside Expected: FTAI anticipates that the acquisition will generate $9 million in Adjusted EBITDA over the next 12 months, indicating a positive impact on profitability, while management expects additional financial benefits through expanded customer relationships and increased throughput volumes.
- Debt Management Strategy: Following the $1.52 billion sale of Long Ridge Energy, FTAI plans to reduce at least $300 million in parent debt, targeting annual interest savings of $30 million, thereby further optimizing its financial structure to support future growth.
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- Positive Financial Outlook: Tidewater is expected to generate $9 million of Adjusted EBITDA over the next twelve months, indicating that this acquisition will provide FTAI with stable cash flows and significant growth potential.
- Integration Advantages: Tidewater's barge and rail transloading capabilities are highly complementary to FTAI's existing Wheeling & Lake Erie Railway assets, with expectations to enhance overall operational efficiency through expanded customer relationships and increased throughput volumes.
- Strategic Development Focus: FTAI continues to pursue high-quality infrastructure businesses, and Tidewater's market position and growth prospects align with the company's long-term strategic goals, further solidifying its presence in the Appalachian Basin and Gulf Coast markets.
See More
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- Call Announcement: Long Ridge Energy LLC has announced its Q1 2026 investor call scheduled for June 11, 2026, at 3:00 PM ET, aimed at providing investors with the latest financial updates and business insights.
- Financial Statements Release: Prior to the call, Long Ridge Energy will post its Q1 2026 financial statements and an investor presentation on its website, ensuring that investors have access to the most current financial data.
- Webcast Availability: The conference call will be available to the public via a webcast, requiring investors to register in advance to receive dial-in information and a unique PIN for smooth participation.
- Replay Schedule: A replay of the conference call will be available starting at 3:00 PM on June 11, 2026, and will last until 3:00 PM on June 25, 2026, allowing investors who cannot attend live to catch up on the discussion.
See More
FIP Q1 2026 Earnings Call Transcript
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FTAI Infrastructure Inc. Q1 2026 Earnings Call Insights
- Long Ridge Sale Agreement: FTAI signed an agreement to sell Long Ridge to Mara Holdings for an aggregate transaction value of $1.52 billion, expected to close in Q3 2026, which will provide FTAI with over $300 million in net proceeds, significantly improving the company's balance sheet.
- Debt Reduction Strategy: The transaction is projected to reduce parent-level debt by at least $300 million and lower annual interest expenses by approximately $30 million, thereby enhancing the company's leverage metrics and future financing capabilities.
- Financial Performance Growth: FTAI reported an adjusted EBITDA of $70.6 million for Q1, a substantial increase from $35.2 million in Q1 2025, despite a 25-day outage at Long Ridge impacting revenues; excluding this outage, EBITDA would have exceeded $80 million, indicating a strong recovery in profitability.
- Future Growth Opportunities: FTAI is actively pursuing new business at its Jefferson and Repauno terminals, representing over $50 million of additional annual EBITDA, while construction on Repauno Phase 2 is proceeding as planned, with revenue expected to commence by early 2027.
See More
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- Quarterly Dividend Announcement: FTAI Infrastructure has declared a quarterly dividend of $0.03 per share, consistent with previous distributions, demonstrating the company's ongoing ability to maintain stable cash flow, which is likely to attract income-focused investors.
- Dividend Yield: The forward yield of 2.34% reflects the company's attractiveness in the current market environment, potentially increasing investor interest in its stock as a reliable income source.
- Payment Schedule: The dividend is payable on June 12, with a record date of May 18 and an ex-dividend date also on May 18, providing investors with a clear timeline to make informed investment decisions regarding their holdings.
- Market Reaction Expectations: FTAI Infrastructure's dividend policy is expected to generate a positive response in the market, especially in the current economic climate where stable dividend payments are viewed as a sign of financial health, potentially enhancing the stock's market performance.
See More
FTAI Infrastructure Acquires Tidewater Logistics for $45M
- Acquisition Completed: FTAI Infrastructure has successfully acquired Tidewater Logistics for approximately $45 million, fully funded through an upsizing of its existing term loan facility, demonstrating the company's flexibility and commitment in capital management.
- Integration Benefits: Tidewater's transloading platform is highly complementary to FTAI's existing asset network, particularly enhancing synergies with the Wheeling & Lake Erie Railway, which will strengthen the company's competitive position in the critical shale markets of the Appalachian Basin and Gulf Coast.
- Financial Upside Expected: FTAI anticipates that the acquisition will generate $9 million in Adjusted EBITDA over the next 12 months, indicating a positive impact on profitability, while management expects additional financial benefits through expanded customer relationships and increased throughput volumes.
- Debt Management Strategy: Following the $1.52 billion sale of Long Ridge Energy, FTAI plans to reduce at least $300 million in parent debt, targeting annual interest savings of $30 million, thereby further optimizing its financial structure to support future growth.
See More
FTAI Infrastructure Acquires Tidewater Logistics for $45 Million
- Acquisition Completed: FTAI Infrastructure has successfully acquired Tidewater Logistics for approximately $45 million in cash, funded through an upsizing of its existing term loan, demonstrating the company's commitment to expanding its infrastructure portfolio.
- Positive Financial Outlook: Tidewater is expected to generate $9 million of Adjusted EBITDA over the next twelve months, indicating that this acquisition will provide FTAI with stable cash flows and significant growth potential.
- Integration Advantages: Tidewater's barge and rail transloading capabilities are highly complementary to FTAI's existing Wheeling & Lake Erie Railway assets, with expectations to enhance overall operational efficiency through expanded customer relationships and increased throughput volumes.
- Strategic Development Focus: FTAI continues to pursue high-quality infrastructure businesses, and Tidewater's market position and growth prospects align with the company's long-term strategic goals, further solidifying its presence in the Appalachian Basin and Gulf Coast markets.
See More
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- Call Announcement: Long Ridge Energy LLC has announced its Q1 2026 investor call scheduled for June 11, 2026, at 3:00 PM ET, aimed at providing investors with the latest financial updates and business insights.
- Financial Statements Release: Prior to the call, Long Ridge Energy will post its Q1 2026 financial statements and an investor presentation on its website, ensuring that investors have access to the most current financial data.
- Webcast Availability: The conference call will be available to the public via a webcast, requiring investors to register in advance to receive dial-in information and a unique PIN for smooth participation.
- Replay Schedule: A replay of the conference call will be available starting at 3:00 PM on June 11, 2026, and will last until 3:00 PM on June 25, 2026, allowing investors who cannot attend live to catch up on the discussion.
See More
FIP Q1 2026 Earnings Call Transcript
See More
FTAI Infrastructure Inc. Q1 2026 Earnings Call Insights
- Long Ridge Sale Agreement: FTAI signed an agreement to sell Long Ridge to Mara Holdings for an aggregate transaction value of $1.52 billion, expected to close in Q3 2026, which will provide FTAI with over $300 million in net proceeds, significantly improving the company's balance sheet.
- Debt Reduction Strategy: The transaction is projected to reduce parent-level debt by at least $300 million and lower annual interest expenses by approximately $30 million, thereby enhancing the company's leverage metrics and future financing capabilities.
- Financial Performance Growth: FTAI reported an adjusted EBITDA of $70.6 million for Q1, a substantial increase from $35.2 million in Q1 2025, despite a 25-day outage at Long Ridge impacting revenues; excluding this outage, EBITDA would have exceeded $80 million, indicating a strong recovery in profitability.
- Future Growth Opportunities: FTAI is actively pursuing new business at its Jefferson and Repauno terminals, representing over $50 million of additional annual EBITDA, while construction on Repauno Phase 2 is proceeding as planned, with revenue expected to commence by early 2027.
See More
FTAI Infrastructure Declares Quarterly Dividend of $0.03 per Share
- Quarterly Dividend Announcement: FTAI Infrastructure has declared a quarterly dividend of $0.03 per share, consistent with previous distributions, demonstrating the company's ongoing ability to maintain stable cash flow, which is likely to attract income-focused investors.
- Dividend Yield: The forward yield of 2.34% reflects the company's attractiveness in the current market environment, potentially increasing investor interest in its stock as a reliable income source.
- Payment Schedule: The dividend is payable on June 12, with a record date of May 18 and an ex-dividend date also on May 18, providing investors with a clear timeline to make informed investment decisions regarding their holdings.
- Market Reaction Expectations: FTAI Infrastructure's dividend policy is expected to generate a positive response in the market, especially in the current economic climate where stable dividend payments are viewed as a sign of financial health, potentially enhancing the stock's market performance.
See More
