FTAI (FIP) Q4 2025 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Fri, February 27, 2026 astatine 8:25 AM CST 29 min read

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Friday, Feb. 27, 2026 astatine 8 a.m. ET

• Chief Executive Officer — Kenneth Nicholson

• Chief Financial Officer — Buck Fletcher

• Head of Investor Relations — Alan Andreini

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Operator: Good day, and convey you for lasting by. Welcome to the FTAI Infrastructure Inc. Fourth Quarter 2025 Earnings Conference Call. At this time, participants are successful a listen-only mode. After the speakers' presentation, determination volition beryllium a question-and-answer session. To inquire a question during the session, you volition request to property prima 11 connected your telephone. You volition past perceive an automated connection advising your manus is raised. To retreat your question, delight property prima 11 again. Please beryllium advised that today's league is being recorded. I would present similar to manus the league implicit to your talker today, Alan Andreini, Head of Investor Relations. Please spell ahead.

Alan Andreini: Thank you, Shannon. I would similar to invited you each to the FTAI Infrastructure Inc. net telephone for 2025. Joining maine present contiguous are Kenneth Nicholson, the CEO of FTAI Infrastructure Inc., and Buck Fletcher, the company's CFO. We person posted an capitalist presumption and our property merchandise connected our website, which we promote you to download if you person not already done so. Also, delight enactment that this telephone is unfastened to the nationalist successful listen-only mode and is being webcast. In addition, we volition beryllium discussing immoderate non-GAAP fiscal measures during the telephone today, including adjusted EBITDA. The reconciliation of those measures to the astir straight comparable GAAP tin beryllium recovered successful the net supplement.

Before I crook the telephone implicit to Kenneth, I would similar to constituent retired that definite statements made contiguous volition beryllium forward-looking statements, including regarding aboriginal earnings. These statements by their quality are uncertain and whitethorn disagree materially from existent results. We promote you to reappraisal the disclaimers successful our property merchandise and capitalist presumption regarding non-GAAP fiscal measures and forward-looking statements and to reappraisal the hazard factors contained successful our quarterly study filed with the SEC. I volition present crook the telephone implicit to Kenneth.

Kenneth Nicholson: Thank you, Alan, and bully morning, everyone. Welcome to the call. As we typically do, we volition beryllium referring to the net supplement, which you tin find posted connected our website. I americium going to get close into it starting connected leafage three. Adjusted EBITDA for the 4th fourth was a caller quarterly record, coming successful astatine $80,200,000, up from $70,900,000 for 2025, and $29,200,000 for 2024. The $80,200,000 of 4th fourth EBITDA excludes a $9,000,000 summation successful the 4th from a write-up of 1 of our non-core investments successful Clean Planet Energy. Since we bash not needfully expect that summation to proceed successful the periods ahead, we are excluding it for purposes of this discussion.