What Does the USD Group Acquisition Add to FTAI Infrastructure Inc.'s (NASDAQ:FIP) Adjusted EBITDA?

Sonal Goyal

06 November 2026 11:01 PM AEDT

What Does the USD Group Acquisition Add to FTAI Infrastructure Inc.'s (NASDAQ:FIP) Adjusted EBITDA?

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Key Highlights

Adjusted EBITDA reached $95.3 million, a new quarterly record.
Excluding Long Ridge, Adjusted EBITDA was $54.4 million.
A $255 million Acquisition of energy logistics Assets from USD Group is planned to close in November.
The company declared a Dividend of $0.03 per share of common stock.

FTAI Infrastructure Inc. (NASDAQ:FIP) reported third quarter 2026 results and declared a dividend of $0.03 per share of common stock. The company reported Adjusted EBITDA of $95.3 million, described as a new quarterly record. Excluding Long Ridge, Adjusted EBITDA was $54.4 million, also a quarterly record for that measure. The company also agreed to acquire energy logistics assets from USD Group LLC for $255 million.

Record Adjusted EBITDA and Its Components

The comparison with Long Ridge matters for understanding the headline figure. Long Ridge contributed roughly $40.9 million of the $95.3 million total, based on the reported figures, so the continuing Business without that asset produced a smaller but still record quarterly contribution.

Adjusted EBITDA is a non-GAAP measure.

The USD Group Acquisition

The company agreed to acquire energy logistics assets from USD Group LLC for $255 million. Management said the transaction would more than double Jefferson's existing Adjusted EBITDA, with closing planned in November. The deal would substantially expand the Earnings base of the Jefferson business if the projected effect is realized.

Because the acquisition is planned to close shortly after the reporting date, its effect will appear in the company's results beginning with the period after closing.

Sector Context and What to Watch

Infrastructure companies in energy logistics depend on long-term contracts, asset utilization and commodity-related activity. Acquisitions in this area can reshape a company's earnings mix quickly, and the timing of closing and integration affects reported results.

Final Takeaways

FTAI Infrastructure reported a record quarterly Adjusted EBITDA of $95.3 million and a planned $255 million acquisition that management expects to more than double Jefferson's Adjusted EBITDA. The dividend declaration of $0.03 per share continues the company's distribution policy. The closing and first results after the acquisition will show how the transaction affects the company's earnings base.

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