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FTAI Infrastructure Inc. FIP Railroad — Operating Expenses

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Other financials

Income statement

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Revenue$186.8M+52.7%
Net income-$139.4M-99.3%
EPS (diluted)-$1.41-93.2%

Balance sheet

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Cash & equivalents$32.6M-3.0%
Total debt$2.9B-9.0%
Total equity-$329.8M-188%
Total assets$5.7B+30.4%

Cash flow

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Operating cash flow-$69.4M+19.0%
CapEx$82.6M+0.9%
Free cash flow-$43.5M+50.0%

Valuation

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Market cap$504.56M-9.8%
Enterprise value$3.34B-9.2%
P/S0.8×-0.7×

Profitability

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Net margin-71.1%-295pp
FCF margin-48.3%-12.6pp

Returns & leverage

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Return on equity-135.8%+413pp
Debt / equity180.7×+173×
Current ratio0.3×-1.2×

Where this comes from

Reported directly by FTAI Infrastructure Inc. in its filing.

Tagged under the XBRL concept us-gaap:OtherCostAndExpenseOperating.

The source filing: FTAI Infrastructure Inc.’s 10-Q, filed August 10, 2026.

Filed
Aug 10, 2026, 4:03 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001899883-26-000036
Line itemRailroadPorts and Terminals / Jefferson TerminalPorts and Terminals / RepaunoPower and GasSustainability and Energy TransitionCorporate and OtherTotal
Revenues
Total revenues$92,154$24,316$5,537$48,844$15,917$186,768
Expenses
Operating expenses51,33418,7406,37724,923215,957117,333
General and administrative3,6743,674
Acquisition and transaction expenses2,4912,2451151,1706,021
Management fees and incentive allocation to affiliate3,6773,677
Depreciation and amortization19,51211,9972,6555,10923839,511

Item 1. Unaudited Consolidated Financial Statements of FTAI Infrastructure Inc.:

FAQ

What is FTAI Infrastructure Inc.'s railroad — operating expenses?
FTAI Infrastructure Inc. (FIP) reported railroad — operating expenses of $51.33M in Q2 2026.
How has FTAI Infrastructure Inc.'s railroad — operating expenses changed year-over-year?
FTAI Infrastructure Inc.'s railroad — operating expenses increased by 132.0% year-over-year, from $22.13M to $51.33M.
What is the long-term trend for FTAI Infrastructure Inc.'s railroad — operating expenses?
Over 3 years (2022 to 2025), FTAI Infrastructure Inc.'s railroad — operating expenses has grown at a 4.5% compound annual growth rate (CAGR), from $105.79M to $120.87M.
What does railroad — operating expenses mean?
The total costs incurred to maintain and operate the railroad infrastructure, including labor, fuel, maintenance, and equipment costs. Monitoring these expenses is essential for evaluating the segment's operational efficiency and margin health.

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