Filing Flows › FTAI Infrastructure (FIP) › Q3 2026 › vs Q2 2026
FTAI Infrastructure (FIP) Q3 2026 vs Q2 2026 (quarter over quarter)
FTAI Infrastructure's revenue rose $32.2M (+17%) from $187M in Q2 2026 to $219M in Q3 2026. The biggest changes: Power Revenues +$17.7M (+42%); Rail revenues +$6.0M (+7%); Terminal services revenues +$4.8M (+16%).
FTAI Infrastructure, Q3 2026: revenue $219M (+56% year over year), operating margin 9.0%, net loss $123M, operating cash flow $22.0M. The chart draws each line against Q2 2026, the increases inside each band.
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Rail revenues | $94.8M | $88.8M | $6.0M | +7% |
| Power Revenues | $60.3M | $42.6M | $17.7M | +42% |
| Terminal services revenues | $34.6M | $29.8M | $4.8M | +16% |
| Roadside services revenues | $17.3M | $15.5M | $1.8M | +12% |
| Gas Revenues | $8.2M | $5.9M | $2.3M | +39% |
| Lease income | $2.7M | $2.8M | −$31K | -1% |
| Other revenue | $1.0M | $1.5M | −$457K | -31% |
| Revenue | $219M | $187M | $32.2M | +17% |
| Net loss | $123M | $139M | −$16.3M | -12% |
| Costs & expenses | $342M | $338M | $4.3M | +1% |
| Operating costs | $199M | $233M | −$34.1M | -15% |
| Interest & other, net | $141M | $104M | $36.2M | +35% |
| Income tax | $2.2M | −$11.6M | $13.8M | — |
| General & admin | $4.2M | $3.7M | $506K | +14% |
| Other operating costs | $195M | $230M | −$34.6M | -15% |
| Operating cash sources | $145M | $178M | −$33.4M | -19% |
| Depreciation & amortization | $35.3M | $39.5M | −$4.2M | -11% |
| Share-based compensation | $3.7M | $5.5M | −$1.8M | -33% |
| Working capital & other | $106M | $134M | −$27.4M | -21% |
| Net loss absorbed | $123M | $139M | −$16.3M | -12% |
| Operating cash flow | $22.0M | $39.0M | −$17.1M | -44% |
| Capital expenditures | $85.4M | $82.6M | $2.8M | +3% |
| Negative free cash flow (OCF − capex) | $63.4M | $43.5M | $19.9M | +46% |
Questions
How much did FTAI Infrastructure's revenue grow quarter over quarter in Q3 2026?
FTAI Infrastructure's revenue rose $32.2M (+17%) from $187M in Q2 2026 to $219M in Q3 2026.
What drove FTAI Infrastructure's revenue change in Q3 2026?
Power Revenues +$17.7M (+42%); Rail revenues +$6.0M (+7%); Terminal services revenues +$4.8M (+16%).