The following is a summary of the FTAI Infrastructure Inc. (FIP) Q3 2024 Earnings Call Transcript:

Financial Performance:

• FTAI Infrastructure reported adjusted EBITDA of $36.9 million for Q3 2024, marking an 8% increase from Q2 2024 and a 50% year-over-year growth from Q3 2023.

• The company has forecasted significant growth, with potential annual EBITDA surpassing $300 million, driven by new business opportunities.

• The corporate level debt remained at $567 million, while total debt was $1.5 billion.

Business Progress:

• Transtar has a strong quarter with an EBITDA of $21.1 million, and continues to explore accretive acquisitions with a focus on maintaining a 15% annual organic EBITDA growth.

• Jefferson's new projects are on track to contribute $20 million of annual EBITDA once operational in 2025.

• Repauno initiated Phase 2 construction with financial arrangements planned in the tax-exempt debt markets.

• Long Ridge has plans to upgrade power plant capacity to 505 megawatts and engage in data center deals in 2025.

Opportunities:

• There are imminent business opportunities surpassing $300 million in potential annual EBITDA, which could dramatically increase if new business opportunities are successfully contracted.

Risks:

• The sophisticated financing plans involving debt issuance and refinance could pose risks if market conditions shift or if anticipated cost savings are not realized.

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