FTAI Infrastructure primarily invests in critical infrastructure with high barriers to entry across the rail, ports and terminals, and power and gas sectors that, on a combined basis, generate strong and stable cash flows with the potential for earnings growth and asset appreciation. FTAI Infrastructure is externally managed by an affiliate of Fortress Investment Group LLC, a leading, diversified global investment firm.
Company profile
Ticker
FIP
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
FTAI Infrastructure LLC
SEC CIK
Corporate docs
Subsidiaries
ARM Investment LLC • Birmingham Southern Railroad Company • CFC Investment LLC • CL Lender LLC • Clean Planet Energy USA LLC • Clean Planet Energy AL LLC • Clean Planet Energy SC LLC • CPE Investor LLC • CPE Repauno LLC • Delaware River Partners Holdco LLC ...
Latest filings (excl ownership)
10-K
2023 FY
Annual report
26 Mar 24
NT 10-K
Notice of late annual filing
18 Mar 24
8-K
FTAI Infrastructure Inc. Reports Fourth Quarter and Full Year 2023 Results, Declares Dividend of $0.03 per Share of Common Stock
29 Feb 24
10-Q
2023 Q3
Quarterly report
27 Oct 23
8-K
FTAI Infrastructure Inc. Reports Third Quarter 2023 Results, Declares Dividend of $0.03 per Share of Common Stock
26 Oct 23
10-Q
2023 Q2
Quarterly report
27 Jul 23
8-K
FTAI Infrastructure Inc. Reports Second Quarter 2023 Results, Declares Dividend of $0.03 per Share of Common Stock
25 Jul 23
8-K
Entry into a Material Definitive Agreement
5 Jul 23
8-K
Other Events
29 Jun 23
8-K
Regulation FD Disclosure
29 Jun 23
Latest ownership filings
SC 13G
Luxor Capital Group, LP
20 Feb 24
SC 13G
VANGUARD GROUP INC
13 Feb 24
SC 13G/A
Fortress Investment Group LLC
9 Feb 24
SC 13G
BlackRock Inc.
26 Jan 24
4
RAY M ROBINSON
27 Dec 23
4
JUDITH A HANNAWAY
27 Dec 23
4
James L. Hamilton
27 Dec 23
4
Kenneth J. Nicholson
24 Aug 23
4
Joseph P. Jr. Adams
24 Aug 23
4
RAY M ROBINSON
30 May 23
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | |
---|---|---|
Revenue | ||
Cost of revenue | ||
Operating income | ||
Operating margin | ||
Net income | ||
Net profit margin | ||
Cash on hand | ||
Change in cash | ||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 77.92 mm | 77.92 mm | 77.92 mm | 77.92 mm | 77.92 mm | |
Cash burn (monthly) | 6.52 mm | 9.89 mm | 16.68 mm | 14.50 mm | 3.57 mm | |
Cash used (since last report) | 38.80 mm | 58.87 mm | 99.27 mm | 86.28 mm | 21.23 mm | |
Cash remaining | 39.12 mm | 19.05 mm | -21.35 mm | -8.36 mm | 56.69 mm | |
Runway (months of cash) | 6.0 | 1.9 | -1.3 | -0.6 | 15.9 |
Institutional ownership, Q3 2023
73.1% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 116 |
Opened positions | 12 |
Closed positions | 16 |
Increased positions | 31 |
Reduced positions | 30 |
13F shares | Current |
---|---|
Total value | 233.75 bn |
Total shares | 72.74 mm |
Total puts | 5.80 k |
Total calls | 20.00 k |
Total put/call ratio | 0.3 |
Largest owners | Shares | Value |
---|---|---|
Washington State Investment Board | 11.79 mm | $37.95 bn |
BLK Blackrock | 8.10 mm | $26.07 bn |
Vanguard | 5.30 mm | $17.06 bn |
American Assets Capital Advisers | 4.48 mm | $14.44 bn |
MS Morgan Stanley | 4.20 mm | $13.52 bn |
Hood River Capital Management | 3.32 mm | $10.68 bn |
Rubric Capital Management | 3.19 mm | $10.28 bn |
Long Focus Capital Management | 3.09 mm | $9.96 bn |
Luxor Capital | 2.87 mm | $9.23 bn |
Empyrean Capital Partners | 2.74 mm | $8.83 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
27 Dec 23 | Judith A Hannaway | Common Stock, par value $0.01 per share | Grant | Acquire A | No | No | 0 | 2,337 | 0.00 | 2,337 |
27 Dec 23 | James L. Hamilton | Common Stock, par value $0.01 per share | Grant | Acquire A | No | No | 0 | 1,169 | 0.00 | 4,762 |
27 Dec 23 | Robinson Ray M | Common Stock, par value $0.01 per share | Grant | Acquire A | No | No | 0 | 17,524 | 0.00 | 88,107 |
22 Aug 23 | Joseph P. Jr. Adams | Common Stock, par value $0.01 per share | Option exercise | Acquire M | No | No | 2.13 | 11,272 | 24.01 k | 292,245 |
22 Aug 23 | Joseph P. Jr. Adams | Common Stock, par value $0.01 per share | Option exercise | Acquire M | No | No | 1.85 | 1,727 | 3.19 k | 280,973 |
22 Aug 23 | Joseph P. Jr. Adams | Stock Option Ordinary Shares | Option exercise | Acquire M | No | No | 2.13 | 11,272 | 24.01 k | 0 |
22 Aug 23 | Joseph P. Jr. Adams | Stock Option Ordinary Shares | Option exercise | Acquire M | No | No | 1.85 | 1,727 | 3.19 k | 0 |
22 Aug 23 | Kenneth J. Nicholson | Common Stock, par value $0.01 per share | Payment of exercise | Dispose F | No | No | 3.37 | 8,095 | 27.28 k | 420,151 |
22 Aug 23 | Kenneth J. Nicholson | Common Stock, par value $0.01 per share | Option exercise | Acquire M | No | No | 2.13 | 11,272 | 24.01 k | 428,246 |
22 Aug 23 | Kenneth J. Nicholson | Common Stock, par value $0.01 per share | Option exercise | Acquire M | No | No | 1.85 | 1,727 | 3.19 k | 416,974 |