10-Q quarterly report · filed May 8, 2026

FTAI Infrastructure Inc. (FIP) Q1 2026 10-Q Quarterly Report

Short answer

FTAI Infrastructure Inc. (FIP) filed its Q1 2026 10-Q quarterly report on May 8, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $188M (up 95.9% year over year) with net income of −$150M.

Q1 2026 key financials · XBRL

Revenue
$188M
+95.9% YoY
Net income
−$150M
−236.9% YoY
EPS (diluted)
−$1.32
−248.3% YoY

Source: XBRL data from the FTAI Infrastructure Inc. (FIP) Q1 2026 10-Q on SEC EDGAR. USD.

FTAI Infrastructure Inc. Q1 2026 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Revenue $188.4M, up $92.2M YoY from $96.2M
  • Net loss $127.2M vs $120.2M net income; Adjusted EBITDA $70.6M vs $155.2M
  • Best segment Power and Gas revenue $62.0M, up $44.7M YoY
  • Worst segment Repauno revenue $1.2M, down $2.6M YoY; Adjusted EBITDA loss $2.3M
  • Debt extinguishment loss $45.9M and interest expense $82.5M, up $39.4M YoY

Risk Factors

  • New rail-compliance risk triggered by 2023 East Palestine derailment: legacy CPC-1232 cars largely prohibited from crude and ethanol service as of May 2025
  • Most material regulatory update: final DOT-117 transition deadline of May 1, 2029 for remaining flammable-liquid service
  • Environmental liability risk at terminals and facilities, including remediation costs for previously unidentified contamination
  • Near-term operational risk from railroad disruptions caused by labor disputes, mechanical failures, or extreme weather
  • Liquidity risk from insufficient free cash flow to repay debt and preferred stock obligations, potentially requiring refinancing or asset sales

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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