Filing Flows › FTAI Infrastructure (FIP) › Q2 2026 › vs Q1 2026
FTAI Infrastructure (FIP) Q2 2026 vs Q1 2026 (quarter over quarter)
FTAI Infrastructure's revenue fell $1.6M (-0.8%) from $188M in Q1 2026 to $187M in Q2 2026. The biggest changes: Gas Revenues −$10.1M (-63%); Rail revenues +$6.5M (+8%); Power Revenues −$3.1M (-7%).
FTAI Infrastructure, Q2 2026: revenue $187M (+53% year over year), operating margin -25.0%, net loss $139M, operating cash flow $39.0M. The chart draws each line against Q1 2026, the increases inside each band.
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Rail revenues | $88.8M | $82.3M | $6.5M | +8% |
| Power Revenues | $42.6M | $45.6M | −$3.1M | -7% |
| Terminal services revenues | $29.8M | $28.3M | $1.5M | +5% |
| Roadside services revenues | $15.5M | $12.6M | $2.9M | +23% |
| Gas Revenues | $5.9M | $16.0M | −$10.1M | -63% |
| Lease income | $2.8M | $2.5M | $278K | +11% |
| Other revenue | $1.5M | $1.1M | $359K | +32% |
| Revenue | $187M | $188M | −$1.6M | -0.8% |
| Income tax benefit | $11.6M | −$3.5M | $15.1M | — |
| Net loss | $139M | $127M | $12.2M | +10% |
| Costs & expenses | $338M | $316M | $22.2M | +7% |
| Operating costs | $233M | $186M | $47.9M | +26% |
| Interest & other, net | $104M | $127M | −$22.1M | -17% |
| General & admin | $3.7M | $3.6M | $120K | +3% |
| Other operating costs | $230M | $182M | $47.7M | +26% |
| Operating cash sources | $178M | $57.8M | $121M | +209% |
| Depreciation & amortization | $39.5M | $50.7M | −$11.2M | -22% |
| Share-based compensation | $5.5M | $11.0M | −$5.5M | -50% |
| Working capital & other | $134M | −$3.8M | $137M | — |
| Net loss absorbed | $139M | $127M | $12.2M | +10% |
| Operating cash flow | $39.0M | −$69.4M | $108M | — |
| Capital expenditures | $82.6M | $46.5M | $36.1M | +78% |
| Negative free cash flow (OCF − capex) | $43.5M | $116M | −$72.3M | -62% |
Questions
How much did FTAI Infrastructure's revenue grow quarter over quarter in Q2 2026?
FTAI Infrastructure's revenue fell $1.6M (-0.8%) from $188M in Q1 2026 to $187M in Q2 2026.
What drove FTAI Infrastructure's revenue change in Q2 2026?
Gas Revenues −$10.1M (-63%); Rail revenues +$6.5M (+8%); Power Revenues −$3.1M (-7%).