Filing Flows › FTAI Infrastructure (FIP) › Q3 2026 › vs Q3 2025
FTAI Infrastructure (FIP) Q3 2026 vs Q3 2025 (year over year)
FTAI Infrastructure's revenue rose $78.4M (+56%) from $141M in Q3 2025 to $219M in Q3 2026. The biggest changes: Rail revenues +$51.9M (+121%); Terminal services revenues +$10.9M (+46%); Gas Revenues +$6.4M (+373%).
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 Q3 2025, the increases inside each band.
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Rail revenues | $94.8M | $42.9M | $51.9M | +121% |
| Power Revenues | $60.3M | $56.5M | $3.8M | +7% |
| Terminal services revenues | $34.6M | $23.7M | $10.9M | +46% |
| Gas Revenues | $8.2M | $1.7M | $6.4M | +373% |
| Lease income | $2.7M | $1.2M | $1.5M | +127% |
| Revenue | $219M | $141M | $78.4M | +56% |
| Net loss | $123M | $105M | $18.6M | +18% |
| Costs & expenses | $342M | $245M | $97.0M | +40% |
| Operating costs | $199M | $120M | $79.3M | +66% |
| Interest & other, net | $141M | $120M | $20.6M | +17% |
| Income tax | $2.2M | $5.1M | −$2.8M | -56% |
| General & admin | $4.2M | $3.2M | $978K | +31% |
| Other operating costs | $195M | $117M | $78.3M | +67% |
| Operating cash sources | $145M | $80.2M | $65.0M | +81% |
| Depreciation & amortization | $35.3M | $34.8M | $515K | +1% |
| Share-based compensation | $3.7M | $1.5M | $2.1M | +140% |
| Working capital & other | $106M | $43.8M | $62.3M | +142% |
| Net loss absorbed | $123M | $105M | $18.6M | +18% |
| Operating cash flow | $22.0M | −$24.4M | $46.4M | — |
| Capital expenditures | $85.4M | $66.3M | $19.0M | +29% |
| Negative free cash flow (OCF − capex) | $63.4M | $90.7M | −$27.3M | -30% |
Questions
How much did FTAI Infrastructure's revenue grow year over year in Q3 2026?
FTAI Infrastructure's revenue rose $78.4M (+56%) from $141M in Q3 2025 to $219M in Q3 2026.
What drove FTAI Infrastructure's revenue change in Q3 2026?
Rail revenues +$51.9M (+121%); Terminal services revenues +$10.9M (+46%); Gas Revenues +$6.4M (+373%).