FTAI Infrastructure advances asset sales and debt cuts, eyeing $1.52B Long Ridge sale and 2025 monetizations.

FTAI Infrastructure is making progress in monetizing assets, highlighted by the announced $1.52 billion sale of Long Ridge and ongoing efforts to reduce debt. The company’s Transtar division has achieved $10 million in annual cost synergies with a target of $23 million, while revenue synergies are expected from propane loadings at Repauno. Jefferson division is negotiating contracts to increase throughput to 500,000 barrels per day, potentially boosting EBITDA from $60 million to $100–110 million. Management aims to monetize Repauno and possibly Jefferson in 2025, with improving leverage and simpler business operations enhancing the investment appeal.