Financial Overview - FTAI Infrastructure reported a net loss attributable to stockholders of 49.971millionforQ32024,comparedtoalossof56.101 million in Q3 2023, reflecting an improvement of 6.130million[1][21]−ThebasicanddilutedlosspershareforQ32024was0.45, down from 0.55inQ32023[1][21]−AdjustedEBITDAforQ32024was36.928 million, an increase from 24.655millioninQ32023,representingagrowthof12.273 million [1][21] Dividend Declaration - The Board of Directors declared a cash dividend of 0.03pershareforthequarterendedSeptember30,2024,payableonNovember19,2024[2]BusinessHighlights−Thecompanysignedalong−termcontractandadditionalLetterofIntent(LOI)atRepaunoandcommencedconstructionforphase2ofthetransloadingsystem[3]−ConstructionprojectsatJeffersonareprogressingonscheduleandonbudgetforcontractscommencingin2025[3]−TheLongRidgepowerplantoperatedata9916 million in annual Adjusted EBITDA [3] Key Performance Measures - Adjusted EBITDA is utilized as a key performance measure by the Chief Operating Decision Maker (CODM) to assess operational performance and make resource allocation decisions [19][20] - The reconciliation of net loss attributable to stockholders to Adjusted EBITDA for Q3 2024 includes various adjustments such as equity-based compensation, acquisition expenses, and interest expenses [21][22] Financial Statements - Total revenues for Q3 2024 were 83.311million,comparedto80.706 million in Q3 2023, indicating a year-over-year increase [11] - Total expenses for Q3 2024 were 90.580million,downfrom94.938 million in Q3 2023 [12] - The company reported total assets of 2.437billionasofSeptember30,2024,comparedto2.380 billion at the end of 2023 [13][14]
