FTAI Infrastructure agrees $255 million oil assets deal

• FTAI Infrastructure subsidiary Jefferson agreed to acquire crude oil logistics assets for approximately $255 million in cash.
• The assets include the Port Arthur Terminal in Texas and a 50% interest in a diluent recovery unit in Alberta.
• Jefferson expects the acquired assets to generate approximately $50 million in annual EBITDA over the next 12 months.

FTAI Infrastructure (NASDAQ:FIP) subsidiary Jefferson agreed to acquire crude oil logistics assets from a USD Group subsidiary for approximately $255 million in cash.

The transaction includes the Port Arthur Terminal in Texas and a 50% interest in a diluent recovery unit in Hardisty, Alberta, with the assets supporting crude shipments into the Beaumont refinery hub.

FTAI Infrastructure said the acquisition will be financed through assumed existing debt of the acquired business and a debt facility secured by Jefferson and its subsidiaries, with closing subject to regulatory approvals expected in the fourth quarter of 2026.

Following the announcement the FTAI Infrastructure share price was unchanged at $XX.

FTAI Infrastructure invests in infrastructure assets across energy, transportation, and industrial sectors, including projects linked to energy logistics.

The company said the Port Arthur Terminal can handle approximately 50,000 barrels per day of crude oil delivered by rail and operates under a long-term take-or-pay contract.