FIP Earnings Prediction
The chart below shows how FIP performed 10 days before and after its earnings report, based on data from the past quarters. Typically, FIP sees a +5.08% change in stock price 10 days leading up to the earnings, and a +3.24% change 10 days following the report. On the earnings day itself, the stock moves by -0.82%. This data can give you a slight idea of what to expect for the next quarter's release.
FIP Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
83.31M
3.23%
-1.86%
Gross Margin
--
--
--
Operating Margin
-5.69%
-63.12%
128.51%
Net Margin
-51.56%
-16.85%
-9.08%
EPS
-0.46
-16.36%
-11.54%
No Data Available
FIP Earnings Analysis
FTAI Infrastructure Inc. Common Stock Corporation (FIP.O) Earnings Conference Call
Positive
Record Adjusted EBITDA Growth: We recorded adjusted EBITDA of $36.9 million in the third quarter, a new quarterly record, up 8% from the second quarter of 2024 and up 50% year-over-year from the third quarter of 2023.
EBITDA Growth Projection: We now have line of sight under executed contracts and commitments, representing approximately $70 million of incremental annual EBITDA, which when combined with our current run rate, represents total company annual EBITDA of approximately $220 million.
Strong Quarter EBITDA Performance: At Transstar, we posted another strong quarter posting $21.1 million of adjusted EBITDA.
Quarterly EBITDA Performance: At Jefferson, EBITDA was $11.8 million for the quarter.
EBITDA Performance Highlights: At Long Ridge, we generated $11.1 million of EBITDA for the quarter reflecting an early perfect capacity factor of 99%.
Negative
Record Adjusted EBITDA Growth: We recorded adjusted EBITDA of $36.9 million in the third quarter, a new quarterly record, up 8% from the second quarter of 2024 and up 50% year-over-year from the third quarter of 2023.
Total Debt Breakdown: We had total debt of $1.5 billion at September 30, 560 million of debt was at the corporate level, while the rest of our debt was at our business units.
Accretive Debt Financings: We are planning a number of accretive debt financings in the coming months and I'm going to briefly talk about each.
Accretive Financing Expectations: We expect that financing to be very accretive.
Fourth Quarter EBITDA Expectations: We are currently expecting fourth quarter EBITDA to come in higher than the third quarter EBITDA and anticipating maintaining a roughly 15% organic growth rate next year with incremental growth, driven by opportunities as they arise.
FIP FAQs
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FIP Earning Call Sentiment
FTAI Infrastructure Inc. (FIP) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
FIP.O
0.14%Positive
The earnings call indicates strong financial performance with a 50% increase in adjusted EBITDA year-over-year and optimistic future projections, particularly for Long Ridge and Repauno. Despite some competitive pressures and supply chain challenges, the company is actively pursuing new business opportunities and refinancing options to improve cash flow. The Q&A section supports a positive sentiment with potential EBITDA growth from new contracts and attractive refinancing terms. The quarterly dividend also supports shareholder returns, contributing to a positive outlook.