FTAI Infrastructure (FIP)
Owns freight railroads, energy terminals, and power/gas assets across North American infrastructure markets.
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Owns and operates North American infrastructure assets across freight rail, energy terminals, and power/gas, with development-stage sustainability investments. The portfolio is being reshaped by the Wheeling railroad acquisition and a pending Long Ridge sale that would shift focus toward rail and terminals.
Owns and operates North American infrastructure businesses across Railroad, Jefferson Terminal, Repauno, Power and Gas, and Sustainability and Energy Transition. Railroad includes freight railroads and switching operations; Jefferson and Repauno handle crude, refined products, clean fuels, storage, dock, and rail-to-ship activity.
Geography is concentrated in North America, with assets tied to industrial corridors, river terminals, ports, and customer facilities. The company is externally managed by a Fortress affiliate, so strategy and services come through an outside manager under board oversight.
Recent portfolio movement is central to the business. Wheeling expanded the rail platform after regulatory approval, while Long Ridge remains current but sale-pending under an agreement covering the power plant, gas interests, and Ohio River acreage. Revenue also depends on concentrated Railroad and Jefferson Terminal customers.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jun 30, 2026 | Compass Point | Target | Target: $13 | Target: $12 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $172.6M · Total debt $2.87B · Total assets $5.75B · Shareholders' equity $826.1M
- Revenue
- $186.8M
- Operating income
- −$46.6M
- Net income
- −$128.1M
HistoryDividendAnnual yield
| Institutions | 88.72% | 104.84M shares | |
|---|---|---|---|
| 185 holders · as of Jun 30, 2026 | |||
| Insiders | 6.42% | 7.58M shares | |
| 6 holders · as of Jun 29, 2026 | |||
| Other | 4.86% | 5.74M shares | |
| remainder | |||
118.16M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Wellington Management Group LLPInstitution | 11.42% | 13.49M | as of Jun 30, 2026 |
Washington State Investment BoardInstitution | 9.97% | 11.79M | as of Jun 30, 2026 |
BlackRock, Inc.Institution | 7.57% | 8.95M | as of Jun 30, 2026 |
Frontier Capital Management Co LLCInstitution | 6.99% | 8.26M | as of Jun 30, 2026 |
Steven D. LebowitzInsider | 5.66% | 6.68M | filed Feb 12, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 28, 2026 | Carl Russell IV Fletcher | officer: CFO and CAO | +10,000 | $4.58 |
- CSX
Eastern rail and terminal network overlap.
- Norfolk Southern
Eastern rail, intermodal, and port-access alternative.
- Kinder Morgan
Large-scale liquids terminals and energy storage peer.
- Enterprise Products Partners
NGL, crude, refined-products storage and marine terminal rival.
- Energy Transfer
Diversified crude, NGL, refined-products terminal operator.
- Vistra
Competitive power generator relevant to sale-pending Long Ridge.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| FTAI Infrastructure | $3.20 | +4.07% | $362.8M | — | — | 0.6 | +52.7% |
| CSX | $46.31 | +0.70% | $85.20B | 26.6 | 21.6 | 5.9 | +10.1% |
| Norfolk Southern | $313.10 | +1.30% | $69.42B | 26.4 | 22.9 | 5.5 | +12.5% |
| Kinder Morgan | $31.39 | −1.06% | $70.63B | 20.3 | 21.2 | 3.9 | +10.8% |
| Enterprise Products Partners | $38.43 | −0.12% | $83.23B | 13.4 | 12.6 | 1.4 | +60.8% |
| Energy Transfer | $20.83 | −0.36% | $71.92B | 13.0 | 12.7 | 0.7 | +78.4% |
| Vistra | $141.69 | +0.65% | $47.47B | 23.7 | 15.1 | 3.0 | −5.5% |
| Median | 22.0 | 18.1 | 3.5 | +11.6% |