Overview

* FTAI Infrastructure ( FIP ) Q3 Adjusted EBITDA of $70.9 mln beats analyst expectations

* Company reports Q3 net loss of $104.5 mln

* FTAI Infrastructure ( FIP ) closed acquisition of Wheeling & Lake Erie Railway

Outlook

* Company evaluating strategic alternatives for Long Ridge, including potential sale

* West Virginia gas production commenced in August, impacting future gas sales at Long Ridge

Result Drivers

* GAS PRODUCTION - Commenced West Virginia gas production in August, resulting in excess gas sales at Long Ridge

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 $140.55

Revenue mln

Q3 Net -$104.54

Income mln

Q3 Beat $70.93 $63.70

Adjusted mln mln (3

EBITDA Analysts

)

Q3 $74.98

Operatin mln

g

Expenses

Q3 -$99.45

Pretax mln

Profit

Analyst Coverage

* The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the ground freight & logistics peer group is "buy."

* Wall Street's median 12-month price target for Ftai Infrastructure Inc ( FIP ) is $12.00, about 56.1% above its October 29 closing price of $5.27

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)