Filing Flows › FTAI Infrastructure (FIP) › Q2 2026 › vs Q2 2025
FTAI Infrastructure (FIP) Q2 2026 vs Q2 2025 (year over year)
FTAI Infrastructure's revenue rose $64.5M (+53%) from $122M in Q2 2025 to $187M in Q2 2026. The biggest changes: Rail revenues +$46.5M (+110%); Terminal services revenues +$5.5M (+23%); Power Revenues +$4.6M (+12%).
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 Q2 2025, the increases inside each band.
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Rail revenues | $88.8M | $42.3M | $46.5M | +110% |
| Power Revenues | $42.6M | $38.0M | $4.6M | +12% |
| Terminal services revenues | $29.8M | $24.3M | $5.5M | +23% |
| Gas Revenues | $5.9M | $3.0M | $2.9M | +98% |
| Lease income | $2.8M | $1.2M | $1.5M | +123% |
| Other revenue | $1.5M | $279K | $1.2M | +434% |
| Revenue | $187M | $122M | $64.5M | +53% |
| Income tax benefit | $11.6M | −$952K | $12.5M | — |
| Net loss | $139M | $70.0M | $69.5M | +99% |
| Costs & expenses | $338M | $192M | $146M | +76% |
| Operating costs | $233M | $129M | $104M | +81% |
| Interest & other, net | $104M | $62.2M | $42.2M | +68% |
| General & admin | $3.7M | $3.9M | −$188K | -5% |
| Other operating costs | $230M | $125M | $105M | +83% |
| Operating cash sources | $178M | $64.7M | $114M | +176% |
| Depreciation & amortization | $39.5M | $34.0M | $5.5M | +16% |
| Share-based compensation | $5.5M | $910K | $4.5M | +500% |
| Working capital & other | $134M | $29.8M | $104M | +348% |
| Net loss absorbed | $139M | $70.0M | $69.5M | +99% |
| Operating cash flow | $39.0M | −$5.2M | $44.3M | — |
| Capital expenditures | $82.6M | $81.8M | $763K | +0.9% |
| Negative free cash flow (OCF − capex) | $43.5M | $87.0M | −$43.5M | -50% |
Questions
How much did FTAI Infrastructure's revenue grow year over year in Q2 2026?
FTAI Infrastructure's revenue rose $64.5M (+53%) from $122M in Q2 2025 to $187M in Q2 2026.
What drove FTAI Infrastructure's revenue change in Q2 2026?
Rail revenues +$46.5M (+110%); Terminal services revenues +$5.5M (+23%); Power Revenues +$4.6M (+12%).