FTAI Infrastructure Sells Long Ridge Energy for $1.52 Billion
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 30 2026
0mins
Should l Buy FIP?
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."
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy FIP?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
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: 5.540
Low
13.00
Averages
13.00
High
13.00
Current: 5.540
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.
Long Ridge Energy Announces Q4 2025 Investor Call on May 8, 2026
- Call Schedule: Long Ridge Energy LLC will hold its Q4 2025 investor call on May 8, 2026, at 3:30 PM ET, aimed at providing investors with the latest financial updates and business developments.
- Financial Report Release: Prior to the call, Long Ridge will post its Q4 2025 financial statements and investor presentation on its website, ensuring investors have access to key information ahead of the meeting.
- Webcast Availability: The conference call will be available to the public via a webcast, allowing broader participation and transparency as investors can register to receive dial-in details.
- Company Background: Long Ridge Energy & Power LLC, a wholly owned subsidiary of FTAI Infrastructure, Inc., operates a 485-megawatt combined cycle gas power plant and holds interests in natural gas production wells, showcasing its strong position in the power and gas sectors.
See More
Long Ridge Energy Announces Q4 2025 Investor Call on May 8, 2026
- Call Announcement: Long Ridge Energy LLC is set to hold its Q4 2025 investor call on May 8, 2026, at 3:30 PM ET, aimed at providing investors with the latest financial updates and business developments.
- Financial Report Release: Prior to the call, Long Ridge will post its Q4 2025 financial statements and an investor presentation on its website, ensuring investors have access to key information in advance, thereby enhancing transparency.
- Webcast Availability: The conference call will be available to the public via a webcast, requiring investors to register beforehand to obtain dial-in details, reflecting the company's commitment to effective investor communication.
- Company Overview: Long Ridge Energy & Power LLC is a vertically integrated power and gas company with a 485-megawatt combined cycle gas power plant and interests in natural gas production wells, showcasing its strong capabilities and growth potential in the energy sector.
See More
Long Ridge Energy Announces Q4 2025 Investor Call on May 8, 2026
- Call Announcement: Long Ridge Energy LLC has scheduled its Q4 2025 investor call for May 8, 2026, at 3:30 PM ET, aimed at providing investors with the latest financial updates and business insights.
- Financial Report Release: Prior to the call, Long Ridge will post its Q4 2025 financial statements and an investor presentation on its website, ensuring that investors have access to critical information ahead of the meeting.
- Webcast Availability: The conference call will be available to the public via a webcast, requiring investors to register in advance to receive dial-in details, thereby facilitating smooth participation and real-time updates.
- Company Background: Long Ridge Energy & Power LLC, a wholly owned subsidiary of FTAI Infrastructure, Inc., operates a highly efficient 485-megawatt combined cycle gas power plant and owns approximately 1,600 acres of land in Ohio and West Virginia, showcasing its strong foundation and growth potential in the energy sector.
See More
FTAI Infrastructure and MARA Holdings Finalize $1.52B Acquisition Deal
- Transaction Size: FTAI Infrastructure has agreed to sell Long Ridge Energy & Power to MARA Holdings in a deal valued at approximately $1.52 billion, including $785 million in existing debt, highlighting the strategic collaboration potential in the energy and digital infrastructure sectors.
- Debt Reduction: The sale will immediately eliminate $1.16 billion of Long Ridge's debt, with FTAI expecting to use the net proceeds to repay around $300 million of parent-level debt, significantly improving its financial position and enhancing capital structure flexibility.
- EBITDA Contribution: MARA anticipates that the acquisition will contribute approximately $144 million in annualized adjusted EBITDA based on Long Ridge's performance in the second half of 2025, providing stable cash flows that support the company's broader development objectives.
- Facility Advantages: The 485 MW combined cycle gas power plant at Long Ridge, completed in 2021, is highly efficient, and the land is already permitted for industrial use, reducing major hurdles for data center development, aligning with MARA's needs for an ideal data center campus.
See More
MARA HOLDINGS STOCK RISES BY 6.8%
- Stock Performance: Maraholdings shares increased by 6.8%.
- Market Reaction: The rise in shares indicates positive investor sentiment towards the company.
See More
MARA Acquires Long Ridge Energy for $1.5 Billion
- Strategic Shift: MARA Holdings' acquisition of Long Ridge Energy & Power for $1.5 billion signifies a major transition from a bitcoin mining company to a digital infrastructure and energy provider, aimed at addressing the rising demand for AI and energy generation.
- Ideal Asset: Long Ridge owns a 505-megawatt natural gas combined cycle power plant and over 1,600 acres of land, where MARA plans to build a data center powered by the plant, leveraging its efficiency to support future data center development.
- Cash Flow Assurance: The transaction includes the assumption of approximately $785 million in existing debt, with Long Ridge's assets expected to generate around $144 million in annualized adjusted earnings, providing MARA with stable cash flow to support the data center project.
- Tenant Attraction: MARA has already garnered interest from several potential tenants, including hyperscalers, and expects to have a tenant signed around the deal's closing, further enhancing its competitive position in the data center market.
See More
Long Ridge Energy Announces Q4 2025 Investor Call on May 8, 2026
- Call Schedule: Long Ridge Energy LLC will hold its Q4 2025 investor call on May 8, 2026, at 3:30 PM ET, aimed at providing investors with the latest financial updates and business developments.
- Financial Report Release: Prior to the call, Long Ridge will post its Q4 2025 financial statements and investor presentation on its website, ensuring investors have access to key information ahead of the meeting.
- Webcast Availability: The conference call will be available to the public via a webcast, allowing broader participation and transparency as investors can register to receive dial-in details.
- Company Background: Long Ridge Energy & Power LLC, a wholly owned subsidiary of FTAI Infrastructure, Inc., operates a 485-megawatt combined cycle gas power plant and holds interests in natural gas production wells, showcasing its strong position in the power and gas sectors.
See More
Long Ridge Energy Announces Q4 2025 Investor Call on May 8, 2026
- Call Announcement: Long Ridge Energy LLC is set to hold its Q4 2025 investor call on May 8, 2026, at 3:30 PM ET, aimed at providing investors with the latest financial updates and business developments.
- Financial Report Release: Prior to the call, Long Ridge will post its Q4 2025 financial statements and an investor presentation on its website, ensuring investors have access to key information in advance, thereby enhancing transparency.
- Webcast Availability: The conference call will be available to the public via a webcast, requiring investors to register beforehand to obtain dial-in details, reflecting the company's commitment to effective investor communication.
- Company Overview: Long Ridge Energy & Power LLC is a vertically integrated power and gas company with a 485-megawatt combined cycle gas power plant and interests in natural gas production wells, showcasing its strong capabilities and growth potential in the energy sector.
See More
Long Ridge Energy Announces Q4 2025 Investor Call on May 8, 2026
- Call Announcement: Long Ridge Energy LLC has scheduled its Q4 2025 investor call for May 8, 2026, at 3:30 PM ET, aimed at providing investors with the latest financial updates and business insights.
- Financial Report Release: Prior to the call, Long Ridge will post its Q4 2025 financial statements and an investor presentation on its website, ensuring that investors have access to critical information ahead of the meeting.
- Webcast Availability: The conference call will be available to the public via a webcast, requiring investors to register in advance to receive dial-in details, thereby facilitating smooth participation and real-time updates.
- Company Background: Long Ridge Energy & Power LLC, a wholly owned subsidiary of FTAI Infrastructure, Inc., operates a highly efficient 485-megawatt combined cycle gas power plant and owns approximately 1,600 acres of land in Ohio and West Virginia, showcasing its strong foundation and growth potential in the energy sector.
See More
FTAI Infrastructure and MARA Holdings Finalize $1.52B Acquisition Deal
- Transaction Size: FTAI Infrastructure has agreed to sell Long Ridge Energy & Power to MARA Holdings in a deal valued at approximately $1.52 billion, including $785 million in existing debt, highlighting the strategic collaboration potential in the energy and digital infrastructure sectors.
- Debt Reduction: The sale will immediately eliminate $1.16 billion of Long Ridge's debt, with FTAI expecting to use the net proceeds to repay around $300 million of parent-level debt, significantly improving its financial position and enhancing capital structure flexibility.
- EBITDA Contribution: MARA anticipates that the acquisition will contribute approximately $144 million in annualized adjusted EBITDA based on Long Ridge's performance in the second half of 2025, providing stable cash flows that support the company's broader development objectives.
- Facility Advantages: The 485 MW combined cycle gas power plant at Long Ridge, completed in 2021, is highly efficient, and the land is already permitted for industrial use, reducing major hurdles for data center development, aligning with MARA's needs for an ideal data center campus.
See More
MARA HOLDINGS STOCK RISES BY 6.8%
- Stock Performance: Maraholdings shares increased by 6.8%.
- Market Reaction: The rise in shares indicates positive investor sentiment towards the company.
See More
MARA Acquires Long Ridge Energy for $1.5 Billion
- Strategic Shift: MARA Holdings' acquisition of Long Ridge Energy & Power for $1.5 billion signifies a major transition from a bitcoin mining company to a digital infrastructure and energy provider, aimed at addressing the rising demand for AI and energy generation.
- Ideal Asset: Long Ridge owns a 505-megawatt natural gas combined cycle power plant and over 1,600 acres of land, where MARA plans to build a data center powered by the plant, leveraging its efficiency to support future data center development.
- Cash Flow Assurance: The transaction includes the assumption of approximately $785 million in existing debt, with Long Ridge's assets expected to generate around $144 million in annualized adjusted earnings, providing MARA with stable cash flow to support the data center project.
- Tenant Attraction: MARA has already garnered interest from several potential tenants, including hyperscalers, and expects to have a tenant signed around the deal's closing, further enhancing its competitive position in the data center market.
See More
