FTAI Infrastructure Q2 adjusted EBITDA misses estimates
Overview
FTAI Infrastructure reports Q2 net loss of $79.8 mln
Q2 adjusted EBITDA misses estimates
Company to acquire Wheeling & Lake Erie Railway for $1.05 bln
Closed $300 mln tax-exempt debt financing at Repauno
Result Drivers
ACQUISITION COSTS - Significant acquisition and transaction expenses impacted financial results
RAILWAY ACQUISITION - Agreed to acquire Wheeling & Lake Erie Railway for $1.05 bln
DEBT FINANCING - Closed $300 mln tax-exempt debt financing at Repauno
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | $122.29 mln | ||
Q2 Net Income | -$79.82 mln | ||
Q2 Adjusted EBITDA | Miss | $45.92 mln | $58.50 mln (3 Analysts) |
Q2 Operating Expenses | $74.44 mln | ||
Q2 Pretax Profit | -$69.01 mln |
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 is $12.00, about 40.3% above its August 6 closing price of $7.17
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