FTAI Infrastructure Inc. 8-K

What Happened
FTAI Infrastructure Inc. (FIP) filed an 8‑K on January 26, 2026 (Item 8.01) disclosing that FIP, its affiliates and certain minority investors have directly or indirectly invested approximately $800 million in Jefferson as of January 2026. Jefferson is targeting annual revenues of up to $186 million and Adjusted EBITDA of up to $109 million assuming full utilization of its terminals. These targets are forward‑looking and based on several specific assumptions; Jefferson did not provide U.S. GAAP guidance or a reconciliation of the non‑GAAP targets because it cannot reasonably predict the outcome of key uncertainties.

Key Details

• Total invested in Jefferson: approximately $800 million (FIP, affiliates and certain minority investors) as of January 2026.
• Jefferson’s target annual revenue: up to $186 million and target Adjusted EBITDA: up to $109 million under full utilization.
• Key operating assumptions: average throughput of 545,000 barrels/day, throughput fees of ~$0.80 per barrel, storage fees of ~$0.37 per barrel/month.
• Cost assumptions: roughly $64 million annual operating expenses and approximately $13 million annual general & administrative expenses. Jefferson did not provide a quantitative GAAP reconciliation for these forward‑looking non‑GAAP measures.

Why It Matters
This filing gives investors more detail on FIP’s exposure to Jefferson and the potential scale of Jefferson’s operations if the terminals reach full capacity—numbers that could affect FIP’s investment value and future cash flows. However, the targets are conditional and forward‑looking: Jefferson explicitly warns there is no assurance it will achieve these levels, and it did not provide GAAP guidance or reconciliations because of material uncertainties (timing, ability to reach full utilization, and expense outcomes). Retail investors should view these figures as illustrative scenarios rather than guaranteed outcomes.