FTAI Infrastructure's second quarter revenue of $186.8M missed estimates, driving a wider loss despite strong Adjusted EBITDA growth.

FTAI Infrastructure reported second quarter 2026 revenue of $186.8 million, down from analyst expectations of $192.8 million. The company posted a net loss of $1.41 per share, significantly wider than the consensus estimate for a loss of $0.47, largely due to a substantial asset impairment charge. Despite the GAAP loss, Adjusted EBITDA increased to $76.1 million from $45.9 million in the prior-year period.

Key Highlights

• The company recorded a significant $63.2 million asset impairment charge during the quarter, which was a primary driver of the large net loss.
• Adjusted EBITDA grew to $76.1 million, up from $45.9 million year-over-year, supported by record revenue and Adjusted EBITDA in the rail segment.
• The anticipated sale of the Long Ridge energy terminal remains pending regulatory approval; upon closing, the deal is expected to eliminate $1.16 billion in associated debt and allow for the repayment of an additional $300 million of other debt.