FTAI Infrastructure (FIP) investor relations material

Executive summary

• Achieved significant progress on strategic goals, including the announced $1.52 billion sale of Long Ridge, growth in the rail portfolio, and positioning terminals for monetization in 2027.

• Record quarterly Adjusted EBITDA of $76.1 million, with strong rail and terminal performance and successful integration of acquisitions like Tidewater Logistics.

• Jefferson Terminal and Repauno positioned for volume growth and future sales, with Repauno Phase 2 on track for early 2027.

• Strong operational and financial momentum expected to continue into the second half of 2026.

Financial highlights

• Q2 2026 total revenues were $186.8 million, up from $122.3 million in Q2 2025.

• Adjusted EBITDA for Q2 2026 was $76.1 million, up from $45.9 million in Q2 2025; excluding Long Ridge, Adjusted EBITDA was $48.7 million, a new quarterly record.

• Rail segment posted record revenue of $92.2 million and Adjusted EBITDA of $42.4 million, up from $81.2 million and $37.6 million pro forma in Q2 2025.

• Jefferson Terminal Adjusted EBITDA increased to $13.0 million in Q2 2026 from $11.1 million in Q2 2025.

• Net loss attributable to common stockholders for Q2 2026 was $166.5 million, compared to $83.9 million loss in Q2 2025.

Outlook and guidance

• Long Ridge sale, expected to close by end of Q3 2026, will significantly reduce leverage and cost of capital.

• Revenues and Adjusted EBITDA from rail and terminal segments expected to grow, driven by recent acquisitions and terminal developments.

• Jefferson Terminal expects crude volumes to ramp up over the next 12 months, with new contracts expected to add over $50 million in annual incremental EBITDA.

• Repauno Phase 2 construction progressing, targeting near full capacity at commencement in early 2027.