FTAI Infrastructure (FIP) 8-K 21 Nov 22 Other Events Financial data

Document and Entity Information

Document and Entity Information	12 Months Ended
	Dec. 31, 2021
Cover [Abstract]
Document Type	8-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2021
Entity File Number	001-41370
Entity Registrant Name	FTAI INFRASTRUCTURE INC.
Entity Central Index Key	0001899883
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	87-4407005
Entity Address, Address Line One	1345 Avenue of the Americas
Entity Address, Address Line Two	45th Floor
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10105
City Area Code	212
Local Phone Number	798-6100
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	FIP
Security Exchange Name	NASDAQ
Entity Emerging Growth Company	false
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false

COMBINED CONSOLIDATED BALANCE S

COMBINED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Current assets:
Cash and cash equivalents	$ 49,872	$ 15,706
Restricted cash	251,983	39,715
Accounts receivable, net	50,301	4,952
Other current assets	60,828	24,142
Total current assets	412,984	84,515
Leasing equipment, net	36,012	37,116
Operating lease right-of-use assets, net	71,547	60,561
Property, plant, and equipment, net	1,517,594	940,258
Investments	54,408	123,794
Intangible assets, net	67,737	13,028
Goodwill	257,137	122,735
Other assets	24,882	17,003
Total assets	2,442,301	1,399,010
Current liabilities:
Accounts payable and accrued liabilities	115,634	52,276
Debt, net	0	25,000
Operating lease liabilities	2,899	892
Other current liabilities	10,934	4,189
Total current liabilities	129,467	82,357
Debt, net	718,624	253,473
Operating lease liabilities	67,505	60,011
Other liabilities	64,659	7,772
Total liabilities	980,255	403,613
Commitments and contingencies
Equity
Net Parent investment	1,617,601	999,291
Accumulated other comprehensive loss	(155,464)	(26,237)
Parent company equity	1,462,137	973,054
Non-controlling interests in equity of consolidated subsidiaries	(91)	22,343
Total equity	1,462,046	995,397
Total liabilities and equity	$ 2,442,301	$ 1,399,010

COMBINED CONSOLIDATED STATEMENT

COMBINED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Revenues
Total revenues	$ 120,219	$ 68,562	$ 229,452
Expenses
Operating expenses	98,541	69,391	260,909
General and administrative	8,737	8,522	7,469
Acquisition and transaction expenses	14,826	1,658	9,134
Management fees and incentive allocation to affiliate	15,638	13,073	16,541
Depreciation and amortization	54,016	31,114	33,128
Asset impairment	0	0	4,726
Total expenses	191,758	123,758	331,907
Other (expense) income
Equity in losses of unconsolidated entities	(13,499)	(3,107)	(546)
Gain (loss) on sale of assets, net	16	(8)	121,296
Loss on extinguishment of debt	0	(4,724)	0
Interest expense	(16,019)	(10,764)	(17,907)
Other (expense) income	(8,930)	92	2,857
Total other (expense) income	(38,432)	(18,511)	105,700
(Loss) income before income taxes	(109,971)	(73,707)	3,245
(Benefit from) provision for income taxes	(3,630)	(1,984)	14,384
Net loss	(106,341)	(71,723)	(11,139)
Less: Net loss attributable to non-controlling interests in consolidated subsidiaries	(26,472)	(16,522)	(17,571)
Net (loss) income attributable to Parent	$ (79,869)	$ (55,201)	$ 6,432

COMBINED CONSOLIDATED STATEME_2

COMBINED CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Statement of Comprehensive Income [Abstract]
Net loss	$ (106,341)	$ (71,723)	$ (11,139)
Other comprehensive (loss) income:
Other comprehensive (loss) income related to equity method investees, net	(128,990)	(26,609)	372
Changes in pension and other employee benefit accounts	(237)	0	0
Total other comprehensive (loss) income	(129,227)	(26,609)	372
Comprehensive loss	(235,568)	(98,332)	(10,767)
Comprehensive loss attributable to non-controlling interest	(26,472)	(16,522)	(17,571)
Comprehensive (loss) income attributable to Parent	$ (209,096)	$ (81,810)	$ 6,804

COMBINED CONSOLIDATED STATEME_3

COMBINED CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Statement of Comprehensive Income [Abstract]
Net of deferred tax (benefit) expense	$ (936)	$ (7,075)	$ 99

COMBINED CONSOLIDATED STATEME_4

COMBINED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($) $ in Thousands	Net Parent Investment	Accumulated Other Comprehensive Income (Loss)	Non-Controlling Interest in Equity of Consolidated Subsidiaries	Total
Beginning balance at Dec. 31, 2018	$ 600,455	$ 0	$ 52,602	$ 653,057
Increase (Decrease) in Partners' Capital [Roll Forward]
Net income (loss)	6,432	0	(17,571)	(11,139)
Other comprehensive income (loss)	0	372	0	372
Net transfers from Parent	122,170	0	0	122,170
Equity-based compensation	0	0	1,509	1,509
Ending balance at Dec. 31, 2019	729,057	372	36,540	765,969
Increase (Decrease) in Partners' Capital [Roll Forward]
Net income (loss)	(55,201)	0	(16,522)	(71,723)
Other comprehensive income (loss)	0	(26,609)	0	(26,609)
Net transfers from Parent	325,435	0	0	325,435
Equity-based compensation	0	0	2,325	2,325
Ending balance at Dec. 31, 2020	999,291	(26,237)	22,343	995,397
Increase (Decrease) in Partners' Capital [Roll Forward]
Net income (loss)	(79,869)	0	(26,472)	(106,341)
Other comprehensive income (loss)	0	(129,227)	0	(129,227)
Net transfers from Parent	698,179	0	0	698,179
Equity-based compensation	0	0	4,038	4,038
Ending balance at Dec. 31, 2021	$ 1,617,601	$ (155,464)	$ (91)	$ 1,462,046

COMBINED CONSOLIDATED STATEME_5

COMBINED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Cash flows from operating activities:
Net loss	$ (106,341)	$ (71,723)	$ (11,139)
Adjustments to reconcile net loss to net cash used in operating activities:
Equity in losses of unconsolidated entities	13,499	3,107	546
(Gain) loss on sale of assets	(16)	8	(121,296)
Loss on extinguishment of debt	0	4,724	0
Equity-based compensation	4,038	2,325	1,509
Depreciation and amortization	54,016	31,114	33,128
Asset impairment	0	0	4,726
Change in deferred income taxes	(3,867)	(2,276)	14,096
Change in fair value of non-hedge derivative	(2,220)	181	4,555
Amortization of deferred financing costs	2,599	1,542	3,690
Bad debt expense (recoveries)	74	(1)	440
Change in:
Accounts receivable	(26,798)	9,998	4,123
Other assets	(18,414)	(12,670)	133
Accounts payable and accrued liabilities	15,494	(14,225)	21,339
Management fees payable to affiliate	(19)	0	0
Other liabilities	6,239	1,036	(8,522)
Net cash used in operating activities	(61,716)	(46,860)	(52,672)
Cash flows from investing activities:
Investment in unconsolidated entities	(55,223)	(4,692)	0
Acquisition of business, net of cash acquired	(627,090)	0	0
Acquisition of property, plant and equipment	(140,897)	(247,524)	(323,037)
Investment in convertible promissory notes	(10,000)	0	0
Acquisition of remaining interest in JV investment	0	0	(28,828)
Proceeds from sale of subsidiary, net of cash transferred	0	0	91,732
Proceeds from sale of property, plant and equipment	4,494	0	0
Return of capital distributions from unconsolidated entities	0	0	1,555
Net cash used in investing activities	(828,716)	(252,216)	(258,578)
Cash flows from financing activities:
Proceeds from debt	451,100	263,980	221,835
Repayment of debt	0	(239,983)	(24,878)
Payment of deferred financing costs	(12,413)	(11,804)	(25,480)
Net transfers from Parent	698,179	325,435	122,170
Net cash provided by financing activities	1,136,866	337,628	293,647
Net increase (decrease) in cash and cash equivalents and restricted cash	246,434	38,552	(17,603)
Cash and cash equivalents and restricted cash, beginning of period	55,421	16,869	34,472
Cash and cash equivalents and restricted cash, end of period	301,855	55,421	16,869
Supplemental cash flow information:
Cash paid for interest, net of capitalized interest	7,302	8,586	13,112
Cash paid for taxes	334	329	162
Supplemental disclosure of non-cash investing and financing activities:
Acquisition of property, plant and equipment	(581)	(10,817)	(47,078)
Investment in Long Ridge JV	0	0	155,589
Change in fair value of pension/OPEB liabilities	(237)	0	0
Non-cash change in equity method investment	$ (128,990)	$ (26,609)	$ 372

BACKGROUND AND BASIS OF PRESENT

BACKGROUND AND BASIS OF PRESENTATION	12 Months Ended
	Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BACKGROUND AND BASIS OF PRESENTATION	1. BACKGROUND AND BASIS OF PRESENTATION Background Fortress Transportation and Infrastructure Investors LLC (the “Parent”) consists of an equipment leasing business that owns and leases aviation and offshore equipment and an infrastructure business that owns and operates multiple infrastructure assets further described below. During the third quarter of 2021, the Parent announced that it was proceeding with a plan to spin off its infrastructure business and separate into two distinct, publicly traded companies (the “Separation”) comprising the infrastructure business (“we”, “us”, “our” or “FTAI Infrastructure”) and the aviation business. As part of the spin off, the Parent has established a new holding company, and the infrastructure business will be contributed to or merged into the new holding company, which will result in the infrastructure business being considered the predecessor of the newly formed FTAI Infrastructure Inc. Under the plan, the Parent will execute a spin-off, of its infrastructure business by way of a pro-rata distribution of common stock of our company to Parent common shareholders of record as of the close of business on the spin-off transaction Record Date. In connection with the spin-off transaction, the Parent is being treated as the accounting spinnor, consistent with the legal form of the transaction. The Separation will be subject to, among other things, the effectiveness of a registration statement on Form 10 filed with the Securities and Exchange Commission (“SEC”) and final approval from Parent’s Board of Directors. Following the Separation, we will be an independent, publicly traded company operating under the name FTAI Infrastructure Inc. FTAI Infrastructure will own and operate (i) a multi-modal crude oil and refined products terminal in Beaumont, Texas (“Jefferson Terminal”), (ii) five freight railroads and one switching company that provide rail service to certain manufacturing and production facilities (“Transtar”) (iii) a deep-water port located along the Delaware River with an underground storage cavern, a multipurpose dock, a rail-to-ship transloading system and multiple industrial development opportunities (“Repauno”), (iv) an equity method investment in a multi-modal terminal located along the Ohio River with multiple industrial development opportunities, including a power plant (“Long Ridge”), and (v) an equity method investment in two ventures developing battery and metal recycling technology (“Aleon” and “Gladieux”). Additionally, we own and lease shipping containers (“Containers”) and operate a railcar cleaning business (“KRS”). We have five reportable segments, (i) Railroad, (ii) Jefferson Terminal, (iii) Repauno (iv) Power and Gas and (v) Sustainability and Energy Transition, which operate in the infrastructure sector (see Note 17). Basis of Presentation The accompanying combined consolidated financial statements were prepared on a standalone basis and have been derived from the consolidated financial statements and accounting records of the Parent. These financial statements reflect the combined consolidated historical results of operations, financial position and cash flows of FTAI Infrastructure in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”). Historically, separate financial statements have not been prepared for FTAI Infrastructure and it has not operated as a standalone business separate from the Parent. The accompanying combined consolidated financial statements have been prepared from Parent’s historical accounting records and are presented on a standalone basis as if the operations had been conducted independently from Parent. Accordingly, Parent’s net investment in our operations (Parent Company Equity) is shown in lieu of stockholders’ equity in the accompanying combined consolidated financial statements, which include the historical operations, assets, and liabilities comprising FTAI Infrastructure. The historical results of operations, financial position, and cash flows of FTAI Infrastructure represented in the combined consolidated financial statements may not be indicative of what they would have been had FTAI Infrastructure actually been a separate standalone entity during such periods, nor are they necessarily indicative of our future results of operations, financial position, and cash flows. The combined consolidated financial statements include certain assets and liabilities that have historically been held by the Parent but are specifically identifiable or otherwise attributable to FTAI Infrastructure. All significant intercompany transactions between Parent and FTAI Infrastructure have been included as components of net parent investment in the combined consolidated financial statements, as they are to be considered effectively settled upon effectiveness of the Separation. The combined consolidated financial statements are presented as if our businesses had been combined for all periods presented. The assets and liabilities in the combined consolidated financial statements have been reflected on a historical cost basis, as immediately prior to the Separation, all of the assets and liabilities presented are owned by the Parent and are being transferred to us at a carry-over basis. Cash and Cash Equivalents The Cash and Cash Equivalents reflected in the financial statements of FTAI Infrastructure are Cash and Cash Equivalents that were legally held by FTAI Infrastructure during the periods presented in the financial statements and are directly attributed to and used in the operations of the Infrastructure business. Debt and the Corresponding Interest Expense The Debt reflected in the financial statements of FTAI Infrastructure is debt that is directly attributable to, and legally incurred by, FTAI Infrastructure’s business. The corresponding interest expense presented in the financial statements is derived solely from the Debt directly attributed to FTAI Infrastructure. Corporate Function The combined consolidated financial statements include all revenues and costs directly attributable to FTAI Infrastructure and an allocation of certain expenses. The Parent is externally managed by Fortress Investment Group LLC (the “Manager”), which performs the Parent’s corporate function (“Corporate”), and incurs a variety of expenses including, but not limited to, information technology, accounting, treasury, tax, legal, corporate finance and communications. For purposes of the Combined Consolidated Statements of Operations, an allocation of these expenses is included to reflect our portion of such corporate overhead from the Parent. The charges reflected have either been specifically identified or allocated based on an estimate of time spent on FTAI Infrastructure’s businesses. These allocated costs are recorded in general and administrative, and acquisition and transaction expenses in the Combined Consolidated Statements of Operations. We believe the assumptions regarding allocations of the Parent’s Corporate expenses are reasonable. Nevertheless, the allocations may not be indicative of the actual expense that would have been incurred had FTAI Infrastructure operated as an independent, standalone public entity, nor are they indicative of FTAI Infrastructure’s future expenses. Actual costs that may have been incurred if we had been a standalone company would depend on a number of factors, including the organizational structure, what functions were outsourced or performed by employees and strategic decisions made in areas such as information technology and infrastructure. We will enter into an arrangement with the Manager in connection with the Separation which is expected to have a term of longer than one year. The Parent funded our operating and investing activities as needed. Cash transfers to and from the Parent are reflected in the Combined Consolidated Statements of Cash Flows as “Net transfers from Parent”. Refer to Note 16 for additional discussion on corporate costs allocated from the Parent that are included in these combined consolidated financial statements.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Principles of Combination Principles of Consolidation All significant intercompany transactions and balances have been eliminated. We use the equity method of accounting for investments in entities in which we exercise significant influence, but which do not meet the requirements for consolidation. Under the equity method, we record our proportionate share of the underlying net income (loss) of these entities as well as the proportionate interest in adjustments to other comprehensive income (loss). Use of Estimates Risks and Uncertainties Variable Interest Entities Delaware River Partners LLC During 2016, through Delaware River Partners LLC (“DRP”), a consolidated subsidiary, we purchased the assets of Repauno, which consisted primarily of land, a storage cavern, and riparian rights for the acquired land, site improvements and rights. Upon acquisition there were no operational processes that could be applied to these assets that would result in outputs without significant green field development. We currently hold an approximately 98% economic interest, and a 100% Cash and Cash Equivalents Restricted Cash Inventory Property, Plant and Equipment, Leasing Equipment and Depreciation Property, plant and equipment and leasing equipment are stated at cost (inclusive of capitalized acquisition costs, where applicable) and depreciated using the straight-line method, over estimated useful lives, to estimated residual values which are summarized as follows: Asset Range of Estimated Useful Lives Residual Value Estimates Railcars and locomotives 40 - 50 years from date of manufacture Scrap value at end of useful life Track and track related assets 15 - 50 years from date of manufacture Scrap value at end of useful life Land, site improvements and rights N/A N/A Bridges and tunnels 15 - 55 years Scrap value at end of useful life Buildings and site improvements 20 - 30 years Scrap value at end of useful life Railroad equipment 3 - 15 years from date of manufacture Scrap value at end of useful life Terminal machinery and equipment 15 - 25 years from date of manufacture Scrap value at end of useful life Vehicles 5 - 7 years from date of manufacture Scrap value at end of useful life Furniture and fixtures 3 - 6 years from date of purchase None Computer hardware and software 2 - 5 years from date of purchase None Construction in progress N/A N/A Major improvements and modifications incurred in connection with the acquisition of property, plant and equipment and leasing equipment that are required to get the asset ready for initial service are capitalized and depreciated over the remaining life of the asset. Project costs of major additions and betterments, including capitalizable engineering costs and other costs directly related to the development or construction of project, are capitalized and depreciation commences once it is placed into service. Interest costs directly related to and incurred during the construction period of property, plant and equipment are capitalized. Significant spare parts are depreciated in conjunction with the underlying property, plant and equipment asset when placed in service. We review our depreciation policies on a regular basis to determine whether changes have taken place that would suggest that a change in our depreciation policies, useful lives of our equipment or the assigned residual values is warranted. We, through our equity method investment in Long Ridge, have a working interest in various natural gas reserves located in southeastern Ohio. Prior to the deconsolidation of Long Ridge in the fourth quarter of 2019, our interest in this natural gas joint venture was consolidated on a proportionate basis in accordance with Accounting Standards Codification (“ASC”) Topic 932 Extractive Activities – Oil and Gas Capitalized Interest Repairs and Maintenance Impairment of Long-Lived Assets Management develops the assumptions used in the recoverability analysis based on its knowledge of active contracts, current and future expectations of the demand for a particular asset and historical experience, as well as information received from third party industry sources. The factors considered in estimating the undiscounted cash flows are impacted by changes in future periods due to changes in contracted lease rates, terminal service, and freight rail rates, residual values, economic conditions, technology, demand for a particular asset type and other factors. Goodwill We review the carrying values of goodwill at least annually to assess impairment since these assets are not amortized. An annual impairment review is conducted as of October 1st of each year. Additionally, we review the carrying value of goodwill whenever events or changes in circumstances indicate that its carrying amount may not be recoverable. The determination of fair value involves significant management judgment. For an annual goodwill impairment assessment, an optional qualitative analysis may be performed. If the option is not elected or if it is more likely than not that the fair value of a reporting unit is less than its carrying amount, then a goodwill impairment test is performed to identify potential goodwill impairment and measure an impairment loss. A qualitative analysis was not elected for the years ended December 31, 2021 or 2020. Beginning in 2020, we adopted new guidance regarding the testing and recognition of a goodwill impairment, which prior to 2020 required two steps. A goodwill impairment assessment compares the fair value of the respective reporting unit with its carrying amount, including goodwill. The estimate of fair value of the respective reporting unit is based on the best information available as of the date of assessment, which primarily incorporates certain factors including our assumptions about operating results, business plans, income projections, anticipated future cash flows and market data. If the estimated fair value of the reporting unit is less than the carrying amount, a goodwill impairment is recorded to the extent that the carrying value of the reporting unit exceeds its fair value. We estimate the fair value of Jefferson Terminal and Transtar using an income approach, specifically a discounted cash flow analysis. This analysis requires us to make significant assumptions and estimates about the forecasted revenue growth rates, EBITDA margins, capital expenditures, the timing of future cash flows, and discount rates. The estimates and assumptions used consider historical performance if indicative of future performance and are consistent with the assumptions used in determining future profit plans for the reporting units. In connection with our impairment analysis, although we believe the estimates of fair value are reasonable, the determination of certain valuation inputs is subject to management’s judgment. Changes in these inputs, including as a result of events beyond our control, could materially affect the results of the impairment review. If the forecasted cash flows or other key inputs are negatively revised in the future, the estimated fair value of the reporting unit could be adversely impacted, potentially leading to an impairment in the future that could materially affect our operating results. Due to the acquisition of Transtar in the current year, the estimated fair value of that reporting unit approximates the book value. The Jefferson reporting unit had an estimated fair value that exceeded its carrying value by more than 10% but less than 20%. The Jefferson Terminal segment forecasted revenue is dependent on the ramp up of volumes under current and expected future contracts for storage and throughput of heavy and light crude and refined products and is subject to obtaining rail capacity for crude, expansion of refined product distribution to Mexico and movements in future oil spreads. At October 1, 2021, approximately 4.3 million barrels of storage was currently operational with 1.9 million barrels currently under construction for new contracts which will complete our storage development for our main terminal. Our discount rate for our 2021 goodwill impairment analysis was 9.0% and our assumed terminal growth rate was 2.0%. If our strategy changes from planned capacity downward due to an inability to source contracts or expand volumes, the fair value of the reporting unit would be negatively affected, which could lead to an impairment. The expansion of refineries in the Beaumont/Port Arthur area, as well as growing crude oil production in the U.S. and Canada, are expected to result in increased demand for storage on the U.S. Gulf Coast. Although we do not have significant direct exposure to volatility of crude oil prices, changes in crude oil pricing that affect long term refining planned output could impact Jefferson Terminal operations. We expect the Jefferson Terminal segment to continue to generate positive Adjusted EBITDA in future years. Although certain of our anticipated contracts or expected volumes from existing contracts for Jefferson Terminal have been delayed, we continue to believe our projected revenues are achievable. Further delays in executing these contracts or achieving our projections could adversely affect the fair value of the reporting unit. The impact of the COVID-19 global pandemic during 2020 and 2021 negatively affected refining volumes and therefore Jefferson Terminal crude throughput but we have seen the activity starting to normalize and are expected to ramp back to normal during 2022. Furthermore, we anticipate strengthening macroeconomic demand for storage and the increasing spread between Western Canadian Crude and Western Texas Intermediate as Canadian crude pipeline apportionment increases. Also, as our pipeline connections became fully operational during 2021, we remain positive for the outlook of Jefferson Terminal’s earnings potential. There were no impairments of goodwill for the years ended December 31, 2021, 2020, and 2019. Intangibles and amortization Customer relationship intangible assets are amortized on a straight-line basis over their useful lives as the pattern in which the asset’s economic benefits are consumed cannot reliably be determined. Customer relationship intangible assets have useful lives ranging from 5 to 15 years, no estimated residual value, and amortization is recorded as a component of Depreciation and amortization in the Combined Consolidated Statements of Operations. The weighted-average remaining amortization period for customer relationships was 154 months as of December 31, 2021. Deferred Financing Costs Amortization expense was $2.6 million, $1.5 million and $3.7 million for the years ended December 31, 2021, 2020 and 2019, respectively, and is included in Interest expense in the Combined Consolidated Statements of Operations. Terminal Services Revenues Rail Revenues Interline revenues are derived from transportation services for railcars that originate or terminate at our railroads and involve one or more other carriers. For interline traffic, one railroad typically invoices a customer on behalf of all railroads participating in the route directed by the customer. The invoicing railroad then pays the other railroads its portion of the total amount invoiced on a monthly basis. We record revenue related to interline traffic for transportation service segments provided by carriers along railroads that are not owned or controlled by us on a net basis. Interline revenues are recognized as the transportation movements occur. Our ancillary services revenue primarily relates to demurrage and storage services. Demurrage represents charges assessed by railroads for the detention of cars by shippers or receivers of freight beyond a specified free time and is recognized on a per day basis. Storage services revenue is earned for the provision of storage of shippers’ railcars and is generally recognized on a per day, per car basis, as the storage services are provided. Lease Income Crude Marketing Revenues Other Revenue Additionally, other revenue includes revenue related to derivative trading activities. See Commodity Derivatives below for additional information. Payment terms for these revenues are generally short term in nature. Leasing Arrangements All lease liabilities are measured at the present value of the unpaid lease payments, discounted using our incremental borrowing rate based on the information available at commencement date of the lease. ROU assets, for both operating and finance leases, are initially measured based on the lease liability, adjusted for prepaid rent and lease incentives. ROU assets are subsequently measured at the carrying amount of the lease liability adjusted for prepaid or accrued lease payments and lease incentives. The finance lease ROU assets are subsequently amortized using the straight-line method. Operating lease expenses are recognized on a straight-line basis over the lease term. With respect to finance leases, amortization of the ROU asset is presented separately from interest expense related to the finance lease liability. Variable lease payments, which are primarily based on usage, are recognized when the associated activity occurs. We have elected to combine lease and non-lease components for all lease contracts where we are the lessee. Additionally, for arrangements with lease terms of 12 months or less, we do not recognize ROU assets, and lease liabilities and lease payments are recognized on a straight-line basis over the lease term with variable lease payments recognized in the period in which the obligation is incurred. Concentration of Credit Risk As of December 31, 2021, accounts receivable from two customers from the Jefferson Terminal and Railroad segments represented 48% of total accounts receivable, net. As of December 31, 2020, accounts receivable from two customers in the Jefferson Terminal segment represented 63% of total accounts receivable, net. We maintain cash and restricted cash balances, which generally exceed federally insured limits, and subject us to credit risk, in high credit quality financial institutions. We monitor the financial condition of these institutions and have not experienced any losses associated with these accounts. Allowance for Doubtful Accounts Expense Recognition Acquisition and Transaction expenses Comprehensive Income (Loss) Derivative Financial Instruments Electricity Derivatives— Cash Flow Hedges Certain of these derivative instruments are designated and qualify as cash flow hedges. Our share of the derivative’s gain or loss is reported as Other comprehensive income related to equity method investees in our Combined Consolidated Statements of Comprehensive (Loss) Income and recorded in Accumulated other comprehensive (loss) income in our Combined Consolidated Balance Sheets. The change in our equity method investment balance related to derivative gains or losses on cash flow hedges is disclosed as a Non-cash change in equity method investment in our Combined Consolidated Statements of Cash Flows. Derivatives Not Designated as Hedging Instruments Certain of these derivative instruments are not designated as hedging instruments for accounting purposes. Our share of change in fair value of these contracts is recognized in Equity in earnings (losses) of unconsolidated entities in the Combined Consolidated Statements of Operations. The cash flow impact of derivative contracts that are not designated as hedging instruments is recognized in Equity in earnings (losses) of unconsolidated entities in our Combined Consolidated Statements of Cash Flows. Commodity Derivatives— These derivatives are not used for speculative purposes. We record all derivative assets and liabilities on a gross basis at fair value and are included in Other current assets and Other current liabilities, respectively, in our Combined Consolidated Balance Sheets. See Note 11 for additional details. Income Taxes We account for these taxes using the asset and liability method under which deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. A valuation allowance is established when management believes it is more likely than not that a deferred tax asset will not be realized. Each of our combined entities files income tax returns in the U.S. federal jurisdiction, various state jurisdictions and in certain foreign jurisdictions. The income tax returns filed by us and our subsidiaries are subject to examination by the U.S. federal, state and foreign tax authorities. We recognize tax benefits for uncertain tax positions only if it is more likely than not that the position is sustainable based on its technical merits. Interest and penalties on uncertain tax positions are included as a component of the provision for income taxes in the Combined Consolidated Statements of Operations. Other Current Assets Other Assets Accounts Payable and Accrued Liabilities Other Current Liabilities Pension and Other Postretirement Benefits Recent Accounting Pronouncements Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting Reference Rate Reform: Scope, In December 2019, the FASB issued ASU 2019-12, Simplifying the Accounting for Income Taxes (Topic 740) In July 2021, the FASB issued ASU 2021-05, Leases (Topic 842): Lessors—Certain Leases with Variable Lease Payments . This ASU requires lessors to classify and account for a lease with variable lease payments that do not depend on a reference index or a rate as an operating lease if (i) the lease would have been classified as a sales-type lease or a direct financing lease under Topic 842 and (ii) the lessor would have otherwise recognized a day-one loss. This standard is effective for all reporting periods beginning after December 15, 2021.

ACQUISITION OF TRANSTAR, LLC.

ACQUISITION OF TRANSTAR, LLC.	12 Months Ended
	Dec. 31, 2021
Business Combinations [Abstract]
ACQUISITION OF TRANSTAR, LLC.	3. ACQUISITION OF TRANSTAR, LLC On July 28, 2021, we completed the acquisition for 100% of the equity interests of Transtar, LLC (“Transtar”) from United States Steel Corporation (“USS”) for total cash consideration of $636 million $9.8 million The Parent funded the transaction with bridge loans in an aggregate principal amount of $650 million In accordance with ASC 805, Business Combinations The following table summarizes the preliminary allocation of the purchase price, as presented in our Combined Consolidated Balance Sheets: Fair value of assets acquired: Cash and cash equivalents $ 8,918 Accounts receivable 18,625 Operating lease right-of-use assets 12,231 Property, plant and equipment 490,561 Intangible assets 60,000 Other assets 15,008 Total assets 605,343 Fair value of liabilities assumed: Accounts payable and accrued liabilities 47,010 Operating lease liabilities 10,689 Pension and other postretirement benefits (1) 37,552 Other liabilities 8,487 Total liabilities 103,738 Goodwill (2) 134,402 Total purchase consideration $ 636,007 (1) Included in Other liabilities in the Combined Consolidated Balance Sheets. (2) Goodwill is primarily attributable to the assembled workforce of Transtar and the synergies expected to be achieved. This goodwill is assigned to the Railroad segment and is tax deductible for income tax purposes. The following table presents the identifiable intangible assets and their estimated useful lives: Estimated useful life in years Fair value Customer relationships 15 60,000 The following table presents the property, plant and equipment and their estimated remaining useful lives: Estimated remaining useful life in years Fair value Railcars 1 - 40 $ 112,981 Track and track related assets 1 - 40 90,904 Land, site improvements and rights N/A 87,450 Bridges and tunnels 15 - 55 174,889 Buildings and improvements 3 - 25 12,448 Railroad equipment 2 - 15 2,725 Terminal machinery and equipment 2 - 15 3,325 Vehicles 2 - 5 3,740 Construction in progress N/A 1,928 Computer hardware and software 2 - 5 171 Total $ 490,561 The unaudited financial information in the table below summarizes the combined results of operations of FTAI Infrastructure and Transtar on a pro forma basis, as though the companies had been combined as of January 1, 2020. These pro forma results were based on estimates and assumptions which we believe are reasonable. The pro forma adjustments are primarily comprised of the following: • The allocation of the purchase price and related adjustments, including adjustments to depreciation and amortization expense related to the fair value of property, plant and equipment and intangible assets acquired; • The exclusion of acquisition-related costs incurred during the year ended December 31, 2021 and allocation of substantially all acquisition-related costs to the year ended December 31, 2020; and • Associated tax-related impacts of adjustments. The unaudited pro forma financial information is presented for informational purposes only and is not indicative of the results of operations that would have been achieved if the acquisition had taken place as of January 1, 2020. Year Ended December 31, 2021 2020 Total revenue $ 199,762 $ 183,744 Net loss attributable to Parent $ (56,717 ) $ (39,349 )

LEASING EQUIPMENT, NET

LEASING EQUIPMENT, NET	12 Months Ended
	Dec. 31, 2021
Leases [Abstract]
LEASING EQUIPMENT, NET	4. LEASING EQUIPMENT, NET Leasing equipment, net is summarized as follows: December 31, 2021 2020 Leasing equipment $ 44,179 $ 44,179 Less: Accumulated depreciation (8,167 ) (7,063 ) Leasing equipment, net $ 36,012 $ 37,116 Depreciation expense for leasing equipment is summarized as follows: Year Ended December 31, 2021 2020 2019 Depreciation expense for leasing equipment $ 1,103 $ 1,106 $ 1,108

PROPERTY, PLANT AND EQUIPMENT,

PROPERTY, PLANT AND EQUIPMENT, NET	12 Months Ended
	Dec. 31, 2021
Property, Plant and Equipment [Abstract]
PROPERTY, PLANT AND EQUIPMENT, NET	5. PROPERTY, PLANT AND EQUIPMENT, NET Property, plant and equipment, net is summarized as follows: December 31, 2021 2020 Land, site improvements and rights $ 149,914 $ 52,047 Construction in progress 118,081 401,729 Buildings and improvements 19,164 4,491 Bridges and tunnels 174,889 — Terminal machinery and equipment 962,552 557,788 Track and track related assets 100,014 2,349 Railroad equipment 8,331 5,560 Railcars and locomotives 111,574 — Computer hardware and software 5,335 5,101 Furniture and fixtures 1,745 1,750 Other 10,016 5,870 1,661,615 1,036,685 Less: Accumulated depreciation (144,021 ) (96,427 ) Property, plant and equipment, net $ 1,517,594 $ 940,258 We added property, plant and equipment of $624.9 million and $239.8 million during the years ended December 31, 2021 and 2020, respectively, which primarily consisted of assets acquired in our acquisition of Transtar and terminal machinery and equipment placed in service or under development at Jefferson Terminal and Repauno. Depreciation expense for property, plant and equipment is $47.6 million, $26.5 million, and $28.5 million during the years ended December 31, 2021, 2020 and 2019, respectively.

INVESTMENTS

INVESTMENTS	12 Months Ended
	Dec. 31, 2021
Equity Method Investments and Joint Ventures [Abstract]
INVESTMENTS	6. INVESTMENTS The following table presents the ownership interests and carrying values of our investments: Carrying Value Investment Ownership Percentage December 31, 2021 December 31, 2020 Long Ridge Terminal LLC (1) Equity method 50% $ — $ 122,539 FYX Trust Holdco LLC Equity 14% 1,255 1,255 GM-FTAI Holdco LLC Equity method See below 52,295 — Clean Planet Energy USA LLC Equity method 50% 858 — $ 54,408 $ 123,794 (1) The carrying value of $17.5 million as of December 31, 2021, is included in Other Liabilities in the Combined Consolidated Balance Sheets We did not recognize any other-than-temporary impairments for the years ended December 31, 2021, 2020, and 2019. The following table presents our proportionate share of equity in (losses) earnings: Year Ended December 31, 2021 2020 2019 JGP Energy Partners LLC $ — $ — $ (292 ) Intermodal Finance I, Ltd. 470 115 (62 ) Long Ridge Terminal LLC (13,597 ) (3,222 ) (192 ) GM-FTAI Holdco LLC (205 ) — — Clean Planet Energy USA LLC (167 ) — — Total $ (13,499 ) $ (3,107 ) $ (546 ) Equity Method Investments Clean Planet Energy USA LLC In November 2021, we acquired 50% of the Class A shares of Clean Planet Energy USA LLC (“CPE” or “Clean Planet USA”) for $1.0 million. CPE intends on building waste plastic-to-fuel plants in the United States. The plants will convert various grades of non-recyclable waste plastic to renewable diesel in the form of jet fuel, diesel, naphtha, and low sulfur fuel oil. We account for our investment in Clean Planet USA as an equity method investment as we have significant influence through our ownership of Class A shares. GM-FTAI Holdco LLC In September 2021, we acquired 1% of the Class A shares and 50% of the Class B shares of GM-FTAI Holdco LLC for $52.5 million. GM-FTAI Holdco LLC owns 100% interest in Gladieux Metals Recycling (“GMR” or “Gladieux”) and Aleon Renewable Metals LLC (“Aleon”). GMR specializes in recycling spent catalyst produced in the petroleum refining industry. Aleon plans to develop a lithium-ion battery recycling business across the United States. Each planned location will collect, discharge and disassemble lithium-ion batteries to extract various metals in high-purity form for resale into the lithium-ion battery production market. Aleon and GMR are governed by separate boards of directors. Our ownership of Class A and B shares in GM-FTAI Holdco LLC provides us with 1% and 50% economic interest in GMR and Aleon, respectively. We account for our investment in GM-FTAI Holdco LLC as an equity method investment as we have significant influence through our ownership of Class A and Class B shares of GM-FTAI Holdco LLC. Long Ridge Terminal LLC On June 16, 2017, we, through Ohio River Partners Shareholders LLC (“ORP”), a consolidated subsidiary, purchased the assets of Long Ridge Energy Terminal (“Long Ridge”), which consisted primarily of land, buildings, railroad track, docks, water rights, site improvements and other rights. Long Ridge was being developed as a 485-megawatt natural gas fired, combined cycle power plant, which was completed and became operational in October 2021. Long Ridge also entered into cash flow hedges related to power generation capacity, as described in Note 2. In December 2019, ORP contributed its equity interests in Long Ridge into Long Ridge Terminal LLC and sold a 49.9% interest (the “Long Ridge Transaction”) for $150 million in cash, plus an earn out. We recognized a gain of $116.7 million in relation to the Long Ridge Transaction. We no longer have a controlling interest in Long Ridge but still maintain significant influence through our retained interest and, therefore, now account for this investment in accordance with the equity method. Following the sale, we deconsolidated ORP, which held the assets of Long Ridge. The initial equity method investment balance of $155.6 million represents the fair value of our 50.1% ownership and the earn out. JGP Energy Partners LLC In 2016, we initiated activities in a 50% non-controlling interest in JGP Energy Partners LLC (“JGP”), a joint venture. JGP was governed by a designated operating committee selected by the members in proportion to their equity interests. JGP was solely reliant on its members to finance its activities and therefore was a VIE. Initially, we concluded that we were not the primary beneficiary of JGP as the members shared equally in the risks and rewards and decision making authority of the entity and, therefore, we did not consolidate JGP and instead accounted for this investment in accordance with the equity method. In December 2019, we purchased the remaining 50% interest in JGP from the joint venture partner for a purchase price of approximately $30 million, consolidated JGP and no longer account for this as an equity method investment. As a result of this transaction, we recorded additional goodwill of $6.6 million and a gain of $4.6 million during the year ended December 31, 2019. Intermodal Finance I, Ltd. In 2012, we acquired a 51% non-controlling interest in Intermodal Finance I, Ltd. (“Intermodal”). Intermodal is governed by a board of directors, and its shareholders have voting rights through their equity interests. As such, Intermodal is not within the scope of ASC 810-20 and should be evaluated for consolidation under the voting interest model. Due to the existence of substantive participating rights of the 49% equity investor, including the joint approval of material operating and capital decisions, such as material contracts and capital expenditures consistent with ASC 810-10-25-11, we do not have unilateral rights over this investment and, therefore, we do not consolidate Intermodal but account for this investment in accordance with the equity method. We do not have a variable interest in this investment as none of the criteria of ASC 810-10-15-14 were met. As of December 31, 2021, Intermodal owns a portfolio of approximately 500 shipping containers subject to multiple operating leases. Equity Investment FYX Trust Holdco LLC In July 2020, we invested $1.3 million for a 14% interest in an operating company that provides roadside assistance services for the intermodal and over-the-road trucking industries. FYX Trust Holdco LLC (“FYX”) has developed a mobile and web-based application that connects fleet managers, owner-operators, and drivers with repair vendors to efficiently and reliably quote, dispatch, monitor, and bill roadside repair services. The tables below present summarized financial information for Long Ridge Terminal LLC: December 31, Balance Sheet 2021 2020 Assets Current assets Cash and cash equivalents $ 2,932 $ 3,057 Restricted cash 32,469 26,920 Accounts receivable, net 17,896 5,711 Other current assets 8,857 787 Total current assets 62,154 36,475 Property, plant, and equipment, net 764,607 612,234 Intangible assets, net 4,940 5,320 Goodwill 89,390 89,390 Other assets 5,584 8,597 Total assets $ 926,675 $ 752,016 Liabilities Current liabilities Accounts payable and accrued liabilities $ 16,121 $ 25,173 Other current liabilities 47,626 253 Total current liabilities 63,747 25,426 Debt, net 604,261 445,733 Other liabilities 293,653 36,262 Total liabilities 961,661 507,421 Equity Total equity (34,986 ) 244,595 Total liabilities and equity $ 926,675 $ 752,016 Year Ended December 31, Statement of Operations 2021 2020 Revenue $ 85,638 $ 24,917 Total revenue 85,638 24,917 Expenses Operating expenses 28,310 16,339 Depreciation and amortization 24,836 11,004 Interest expense 11,005 2,037 Total expenses 64,151 29,380 Other expense (44,302 ) (1,967 ) Loss before income taxes (22,815 ) (6,430 ) Provision for income taxes — — Net Loss $ (22,815 ) $ (6,430 )

INTANGIBLE ASSETS AND LIABILITI

INTANGIBLE ASSETS AND LIABILITIES, NET	12 Months Ended
	Dec. 31, 2021
Intangible Assets and Liabilities Disclosure [Abstract]
INTANGIBLE ASSETS AND LIABILITIES, NET	7. INTANGIBLE ASSETS AND LIABILITIES, NET Our intangible assets and liabilities, net are summarized as follows: December 31, 2021 Jefferson Terminal Railroad Total Intangible assets Customer relationships 35,513 60,000 95,513 Less: Accumulated amortization (26,038 ) (1,738 ) (27,776 ) Acquired customer relationships, net 9,475 58,262 67,737 December 31, 2020 Jefferson Terminal Railroad Total Customer relationships $ 35,513 $ — $ 35,513 Less: Accumulated amortization (22,485 ) — (22,485 ) Total intangible assets, net $ 13,028 $ — $ 13,028 Amortization of intangible assets is recorded as follows: Year Ended December 31, Classification in Combined Consolidated Statements of Operations 2021 2020 2019 Customer relationships Depreciation and amortization 5,292 3,553 3,553 Estimated net annual amortization of intangibles is as follows: December 31, 2021 2022 $ 7,551 2023 7,551 2024 6,373 2025 4,000 2026 4,000 Thereafter 38,262 Total $ 67,737

DEBT, NET

DEBT, NET	12 Months Ended
	Dec. 31, 2021
Debt Disclosure [Abstract]
DEBT, NET	8. DEBT, NET Our debt, net is summarized as follows: December 31, 2021 December 31, 2020 Stated Interest Rate Maturity Date Outstanding Borrowings Outstanding Borrowings Loans payable DRP Revolver (1) (i) Base Rate + 2.75%; or (ii) Base Rate + 3.75% (Eurodollar) 11/5/24 25,000 25,000 EB-5 Loan Agreement 5.75% 1/25/26 26,100 — Total loans payable 51,100 25,000 Bonds payable Series 2020 Bonds (i) Tax Exempt Series 2020A Bonds: 3.625% (ii) Tax Exempt Series 2020A Bonds: 4.00% (iii) Taxable Series 2020B Bonds: 6.00% (i) 1/1/35 (ii) 1/1/50 (iii) 1/1/25 263,980 263,980 Series 2021 Bonds (i) Series 2021A Bonds: 1.875% to 3.00% (ii) Series 2021B Bonds: 4.10% (i) 1/1/26 1/1/50 (ii) 1/1/28 425,000 — Total bonds payable 688,980 263,980 Debt 740,080 288,980 Less: Debt issuance costs (21,456 ) (10,507 ) Total debt, net $ 718,624 $ 278,473 Total debt due within one year $ — $ 25,000 (1) Requires a quarterly commitment fee at a rate of 0.875% on the average daily unused portion, as well as customary letter of credit fees and agency fees. DRP Revolver In the event of a credit agreement default by DRP, including bankruptcy or insolvency, financial covenant default, or the failure to make a capital call under the relevant agreement, the Parent has agreed to contribute capital to satisfy up to 120% of the aggregate outstanding obligations. On November 5, 2021, we entered into an amendment to the DRP Revolver, which extends the maturity date under the DRP Revolver to November 5, 2024. In connection with this extension, the obligations of the Parent to contribute capital in the event of an event of default under the DRP Revolver were terminated. The DRP Revolver includes financial covenants requiring the maintenance of (i) a maximum ratio of debt to total equity of 3.00 to 1.00 per the terms of the credit agreement, (ii) consolidated cash balance of at least $3.0 million at each quarter end date, and (iii) consolidated tangible net worth of at least $180.0 million at each quarter end date in 2022, $190.0 million in 2023, and $200.0 million thereafter. EB-5 Loan Agreement Series 2020 Bonds The Tax Exempt Series 2020A Bonds maturing on January 1, 2035 ($53.5 million aggregate principal amount) bear interest at a fixed rate of 3.625%. The Tax Exempt Series 2020A Bonds maturing on January 1, 2050 ($131.4 million aggregate principal amount) bear interest at a fixed rate of 4.00%. The Taxable Series 2020B Bonds will mature on January 1, 2025 and bear interest at a fixed rate of 6.00%. Jefferson used a portion of the net proceeds from this offering to refund, redeem and defease certain indebtedness, and used a portion of the net proceeds to pay for or reimburse the cost of development, construction and acquisition of certain facilities, to fund certain reserve and funded interest accounts related to the Series 2020 Bonds, and to pay for or reimburse certain costs of issuance of the Series 2020 Bonds. Jefferson recognized a loss on extinguishment of debt of $4.7 million as a result of this transaction. Series 2021 Bonds The Series 2021A Bonds consist of: i) $39.1 million aggregate principal amount of Serial Bonds maturing between January 1, 2026 and January 1, 2031, and bearing interest at specified fixed rates ranging from 1.875% to 2.625% per annum, ii) $38.2 million aggregate principal amount of Term Bonds maturing January 1, 2036, and bearing interest at a fixed rate of 2.750% per annum, iii) $44.9 million aggregate principal amount of Term Bonds maturing January 1, 2041, and bearing interest at a fixed rate of 2.875% per annum, and iv) $102.8 million aggregate principal amount of Term Bonds maturing January 1, 2050, and bearing interest at a fixed rate of 3.00% per annum. The Taxable Series 2021B Bonds will mature on January 1, 2028, and bear interest at a fixed rate of 4.100% per annum. Jefferson intends to use a portion of the net proceeds to pay for or reimburse the cost of development, construction and acquisition of certain facilities. We were in compliance with all debt covenants as of December 31, 2021 and 2020. As of December 31, 2021, scheduled principal repayments under our debt agreements for the next five years and thereafter are summarized as follows: 2022 2023 2024 2025 2026 Thereafter Total DRP Revolver $ — $ — $ 25,000 $ — $ — $ — $ 25,000 EB-5 Loan Agreement — — — — 26,100 — 26,100 Series 2020 Bonds — — — 79,060 — 184,920 263,980 Series 2021 Bonds — — — — 9,025 415,975 425,000 Total principal payments on loans and bonds payable $ — $ — $ 25,000 $ 79,060 $ 35,125 $ 600,895 $ 740,080

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	12 Months Ended
	Dec. 31, 2021
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	9. FAIR VALUE MEASUREMENTS Fair value measurements and disclosures require the use of valuation techniques to measure fair value that maximize the use of observable inputs and minimize use of unobservable inputs. These inputs are prioritized as follows: • Level 1: Observable inputs such as quoted prices in active markets for identical assets or liabilities. • Level 2: Inputs other than quoted prices included within Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities or market corroborated inputs. • Level 3: Unobservable inputs for which there is little or no market data and which require us to develop our own assumptions about how market participants price the asset or liability. The valuation techniques that may be used to measure fair value are as follows: • Market approach—Uses prices and other relevant information generated by market transactions involving identical or comparable assets or liabilities. • Income approach—Uses valuation techniques to convert future amounts to a single present amount based on current market expectations about those future amounts. • Cost approach—Based on the amount that currently would be required to replace the service capacity of an asset (replacement cost). The following tables set forth our financial assets measured at fair value on a recurring basis by level within the fair value hierarchy. Assets measured at fair value are classified in their entirety based on the lowest level of input that is significant to their fair value measurement. Fair Value as of Fair Value Measurements Using Fair Value Hierarchy as of December 31, 2021 December 31, 2021 Total Level 1 Level 2 Level 3 Valuation Technique Assets Cash and cash equivalents $ 49,872 $ 49,872 $ — $ — Market Restricted cash 251,983 251,983 — — Market Derivative assets 2,220 — 2,220 — Income Total assets $ 304,075 $ 301,855 $ 2,220 $ — Fair Value as of Fair Value Measurements Using Fair Value Hierarchy as of December 31, 2020 December 31, 2020 Total Level 1 Level 2 Level 3 Valuation Technique Assets Cash and cash equivalents $ 15,706 $ 15,706 $ — $ — Market Restricted cash 39,715 39,715 — — Market Total assets $ 55,421 $ 55,421 $ — $ — Our cash and cash equivalents and restricted cash consist largely of demand deposit accounts with maturities of 90 days or less when purchased that are considered to be highly liquid. These instruments are valued using inputs observable in active markets for identical instruments and are therefore classified as Level 1 within the fair value hierarchy. The fair value of our commodity derivative assets classified as Level 2 measurements are estimated by applying the income and market approaches, based on quotes of observable market transactions, and adjusted for estimated differential factors based on quality and delivery locations. Except as discussed below, our financial instruments other than cash and cash equivalents and restricted cash consist principally of accounts receivable, notes receivable, accounts payable and accrued liabilities, and loans payable, whose fair value approximates their carrying value based on an evaluation of pricing data, vendor quotes, and historical trading activity or due to their short maturity profiles. The fair value of our bonds and notes payable reported as debt, net in the Combined Consolidated Balance Sheets are presented in the table below: December 31, 2021 2020 Series 2020 A Bonds (1) $ 189,773 $ 186,306 Series 2020 B Bonds (1) 81,637 79,723 Series 2021 A Bonds (1) 222,023 — Series 2021 B Bonds (1) 194,278 — (1) Fair value is based upon market prices for similar municipal securities. The fair value of items reported as debt, net in the Combined Consolidated Balance Sheet approximate their carrying values due to their bearing market rates of interest and are classified as Level 2 within the fair value hierarchy. We measure the fair value of certain assets and liabilities on a non-recurring basis when U.S. GAAP requires the application of fair value, including events or changes in circumstances that indicate that the carrying amounts of assets may not be recoverable. Assets subject to these measurements include goodwill, intangible assets, property, plant and equipment and leasing equipment. We record such assets at fair value when it is determined the carrying value may not be recoverable. Fair value measurements for assets subject to impairment tests are based on an income approach which uses Level 3 inputs, which include our assumptions as to future cash flows from operation of the underlying businesses.

DERIVATIVE FINANCIAL INSTRUMENT

DERIVATIVE FINANCIAL INSTRUMENTS	12 Months Ended
	Dec. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE FINANCIAL INSTRUMENTS	10. DERIVATIVE FINANCIAL INSTRUMENTS Commodity Derivatives Crude Oil Depending on market conditions, we sourced crude oil from producers in Canada, arranging logistics to Jefferson Terminal and marketing crude oil to third parties. We exited this strategy in the fourth quarter of 2019. These crude oil forward purchase and sales contracts were not designated in hedging relationships. Butane Depending on market conditions, Repauno enters into forward purchase and sales contracts for butane. These derivatives are short-term in nature and are used for trading purposes and classified as Level 2 derivatives. The following table presents information related to our butane derivative contracts: December 31, 2021 2020 Notional Amount (Barrel of crude oil or butane (“BBL”) in thousands) 244 N/A Fair Value of Assets (1) $ 2,220 $ — Term 1 to 3 months N/A (1) Included in Other current assets in the Combined Consolidated Balance Sheet as of December 31, 2021. The following table presents a summary of the changes in fair value for all Level 3 derivatives: Year Ended December 31, 2021 2020 2019 Beginning Balance $ — $ 181 $ 6,545 Net losses recognized in earnings — (181 ) (6,364 ) Purchases — — 314 Sales — — (674 ) Settlements — — 360 Ending Balance $ — $ — $ 181 There were no transfers into or out of Level 3 during the periods presented.

REVENUES

REVENUES	12 Months Ended
	Dec. 31, 2021
Revenue from Contract with Customer [Abstract]
REVENUES	11. REVENUES We disaggregate our revenue from contracts with customers by products and services provided for each of our segments, as we believe it best depicts the nature, amount, timing and uncertainty of our revenue. Revenues are within the scope of ASC 606, Revenue from Contracts with Customers Year Ended December 31, 2021 Ports and Terminals Railroad Jefferson Terminal Repauno Power and Gas Sustainability and Energy Transition Corporate and Other Total Lease income $ 736 $ 1,688 $ — $ — $ — $ — $ 2,424 Rail revenues 61,514 — — — — — 61,514 Terminal services revenues — 44,664 374 — — — 45,038 Crude marketing revenues — — — — — — — Other revenue — — 11,243 — — — 11,243 Total revenues $ 62,250 $ 46,352 $ 11,617 $ — $ — $ — $ 120,219 Year Ended December 31, 2020 Ports and Terminals Railroad Jefferson Terminal Repauno Power and Gas Sustainability and Energy Transition Corporate and Other Total Lease income $ — $ 1,186 $ — $ — $ — $ — $ 1,186 Rail revenues 4,424 — — — — — 4,424 Terminal services revenues — 50,887 — — — — 50,887 Crude marketing revenues — 8,210 — — — — 8,210 Other revenue — — 3,855 — — — 3,855 Total revenues $ 4,424 $ 60,283 $ 3,855 $ — $ — $ — $ 68,562 Year Ended December 31, 2019 Ports and Terminals Railroad Jefferson Terminal Repauno Power and Gas Sustainability and Energy Transition Corporate and Other Total Lease income $ — $ 2,306 $ 84 $ 972 $ — $ — $ 3,362 Rail revenues 2,917 — — — — — 2,917 Terminal services revenues — 35,908 — 7,057 — — 42,965 Crude marketing revenues — 166,134 — — — — 166,134 Other revenue — — 7,802 6,272 — — 14,074 Total revenues $ 2,917 $ 204,348 $ 7,886 $ 14,301 $ — $ — $ 229,452 Presented below are the contracted minimum future annual revenues to be received under existing operating leases across several market sectors: December 31, 2021 2022 $ 11,969 2023 4,125 2024 459 2025 459 2026 421 Thereafter — Total $ 17,433

LEASES

LEASES	12 Months Ended
	Dec. 31, 2021
Leases [Abstract]
LEASES	12. LEASES We have commitments as lessees under lease agreements primarily for real estate, equipment and vehicles. Our leases have remaining lease terms ranging from approximately two months to 41 years. The following table presents lease related costs: Year Ended December 31, 2021 2020 2019 Finance leases Amortization of right-of-use assets $ 380 $ — $ — Interest on lease liabilities 27 — — Finance lease expense 407 — — Operating lease expense 5,682 $ 4,587 $ 5,846 Short-term lease expense 587 315 3,088 Variable lease expense 1,590 1,379 3,263 Sublease income — — (1,032 ) Total lease expense 8,266 $ 6,281 $ 11,165 The following table presents December 31, 2021 2020 Right-of-use assets, net $ 71,547 $ 60,561 Lease liabilities $ 70,404 $ 60,903 Weighted average remaining lease term 34.8 years 40.7 years Weighted average incremental borrowing rate 5.7 % 6.2 % Cash paid for amounts included in the measurement of operating lease liabilities $ 5,602 $ 4,591 The following table presents 2022 $ 9,055 2023 7,178 2024 6,176 2025 5,854 2026 5,256 Thereafter 142,878 Total undiscounted lease payments 176,397 Less: Imputed interest 105,993 Total lease liabilities $ 70,404 In July 2021, in connection with our acquisition of Transtar, we assumed ROU assets of approximately $12.2 million with a weighted average remaining term of 5.5 years. During the year ended December 31, 2020, we amended a lease agreement for real estate in connection with the Jefferson Refinancing. The amended lease had a ROU asset value of $59.8 million and a lease term of approximately 43 years at commencement.

EQUITY-BASED COMPENSATION

EQUITY-BASED COMPENSATION	12 Months Ended
	Dec. 31, 2021
Share-based Payment Arrangement [Abstract]
EQUITY-BASED COMPENSATION	13. EQUITY-BASED COMPENSATION Some of our subsidiaries provide an equity-based incentive plan for eligible employees. The following table presents our stock-based compensation expense recognized in the Combined Consolidated Statement of Operations: Year Ended December 31, 2021 2020 2019 Restricted shares $ 3,215 $ 1,676 1,054 Common units 823 649 455 Total $ 4,038 $ 2,325 $ 1,509 Restricted Shares We issued restricted shares of our subsidiary to certain employees during the years ended December 31, 2021, 2020 and 2019, that had grant date fair values of $ 5.6 million $4.0 million $1.5 million Common Units We issued 1,052,632, 1,883,772, and 1,110,000 common units of our subsidiary to certain employees for the years ended December 31, 2021, 2020 and 2019, respectively, that had grant date fair values of $1.2 million $2.1 million $3.4 million

RETIREMENT BENEFIT PLANS

RETIREMENT BENEFIT PLANS	12 Months Ended
	Dec. 31, 2021
Retirement Benefit Plans [Abstract]
RETIREMENT BENEFIT PLANS	14. RETIREMENT BENEFIT PLANS In connection with the acquisition of Transtar (see Note 3), we established a defined benefit pension plan as well as a postretirement benefit plan to assume certain retirement benefit obligations related to eligible Transtar employees. Defined Benefit Pensions Our unfunded pension plan is a tax qualified plan. Our pension plan covers certain eligible Transtar employees. These plans are noncontributory. Pension benefits earned are generally based on years of service and compensation during active employment. The accumulated benefit obligation at December 31, 2021 is $1.4 million. Postretirement Benefits Our unfunded postretirement plan provides healthcare and life insurance benefits for eligible retirees and dependents of Transtar. Depending on retirement date and employee classification, certain healthcare plans contain contribution and cost-sharing features such as deductibles and co-insurance. The remaining healthcare and life insurance plans are non-contributory. The following table summarizes our estimated benefit obligation as of December 31, 2021. Service costs are recorded in Operating expenses, and interest costs are recorded in Other (expense) income in the Combined Consolidated Statements of Operations. Pension Benefits Postretirement Benefits Benefit obligation as of January 1, 2021 $ — $ — Transtar acquisition 9,055 28,488 Service costs 712 864 Interest costs 108 337 Actuarial (gains) losses (20 ) 344 Benefit paid (50 ) — Benefit obligation as of December 31, 2021 $ 9,805 $ 30,033 The pension and postretirement benefits are unfunded and recorded in Other liabilities on the Combined Consolidated Balance Sheets. Our retirement plan costs for the year ended December 31, 2021 were $0.8 million for pension benefits and $1.2 million for post-retirement benefits. Weighted-average assumptions used to determine the estimated benefit obligation and period costs as of and for the year ended December 31, 2021 are as follows: Pension Benefits Postretirement Benefits Weighted-average assumptions used to determine pension benefit obligation: Discount rate 3.02 % 3.00 % Rate of compensation increase 3.50 % N/A Average future working lifetime (years) N/A 11.34 Initial healthcare cost trend rate - Pre-Medicare N/A 10.00 % Initial healthcare cost trend rate - Medicare eligible N/A 3.00 % Ultimate healthcare cost trend rate N/A 3.94 % Year ultimate healthcare cost trend rate is reached N/A 2075 Weighted-average assumptions used to determine net periodic pension and postretirement costs: Discount rate 2.88 % 2.86 % Rate of compensation increases 3.50 % N/A Average future working lifetime (years) 10.93 11.34 Initial healthcare cost trend rate N/A 6.00 % Ultimate healthcare cost trend rate N/A 3.80 % Year ultimate healthcare cost trend rate is reached N/A 2075 The following benefit payments, which reflect expected future service and compensation increases, as appropriate, are expected to be made from the Transtar defined benefit plans: Pension Benefits Postretirement Benefits 2022 $ 51 $ 102 2023 143 173 2024 261 251 2025 390 354 2026 496 451 Years 2027-2031 4,501 3,252

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2021
Income Tax Disclosure [Abstract]
INCOME TAXES	15. INCOME TAXES The current and deferred components of the income tax (benefit) provision included in the Combined Consolidated Statements of Operations are as follows: Year Ended December 31, 2021 2020 2019 Current: Federal $ 13 $ 4 $ (9 ) State and local 224 329 243 Foreign — (41 ) 54 Total current provision 237 292 288 Deferred: Federal (3,820 ) (2,272 ) 14,097 State and local (44 ) — (1 ) Foreign (3 ) (4 ) — Total deferred (benefit) provision (3,867 ) (2,276 ) 14,096 Total $ (3,630 ) $ (1,984 ) $ 14,384 Prior to the spin-off, we are taxed as a flow-through entity for U.S. income tax purposes and our taxable income or loss generated was the responsibility of our Parent, except as related to certain wholly owned corporate subsidiaries of the infrastructure business. Taxable income or loss generated by our corporate subsidiaries is subject to U.S. federal, state and foreign corporate income tax in locations where they conduct business. The difference between our reported total provision for income taxes and the U.S. federal statutory rate of 21% is as follows: Year Ended December 31, 2021 2020 2019 U.S. federal tax at statutory rate 21.00 % 21.00 % 21.00 % Income not subject to tax at statutory rate 4.77 % 4.15 % (212.63 )% State and local taxes (0.22 )% (0.45 )% 7.44 % Foreign taxes — % 0.06 % 1.67 % Other (4.43 )% 0.06 % 10.99 % Change in valuation allowance (17.75 )% (22.13 )% 614.62 % Provision for income taxes 3.37 % 2.69 % 443.09 % Significant components of our deferred tax assets and liabilities are as follows: December 31, 2021 2020 Deferred tax assets: Net operating loss carryforwards $ 112,999 $ 85,174 Accrued expenses 2,275 469 Interest expense 23,483 25,488 Operating lease liabilities 23,503 10,119 Investment in partnerships 15,524 — Other 803 2,619 Total deferred tax assets 178,587 123,869 Less valuation allowance (137,771 ) (94,139 ) Net deferred tax assets 40,816 29,730 Deferred tax liabilities: Investment in partnerships — (14,982 ) Fixed assets and goodwill (16,900 ) (9,550 ) Operating lease right-of-use assets (23,772 ) (10,062 ) Net deferred tax assets (liabilities) $ 144 $ (4,864 ) The net operating losses include the tax benefits from expense allocations from the Parent to certain taxable subsidiaries within the Company, for all periods presented. These tax benefits are not compensated by the Parent and will not be included in the Company’s net operating losses after Separation. Deferred tax assets and liabilities are reported net in Other assets or Other liabilities in the Combined Consolidated Balance Sheets. In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which temporary differences become deductible. We have analyzed our deferred tax assets and have determined, based on the weight of available evidence, that it is more likely than not that a significant portion will not be realized. Accordingly, valuation allowances have been recognized as of December 31, 2021 and 2020 of $137.8 million and $94.1 million, respectively, related to certain deductible temporary differences and net operating loss carryforwards. A summary of the changes in the valuation allowance is as follows: December 31, 2021 2020 Valuation allowance at beginning of period $ 94,139 $ 81,313 Change due to current year losses 43,632 12,826 Valuation allowance at end of period $ 137,771 $ 94,139 As of December 31, 2021, certain of our corporate subsidiaries had U.S. federal net operating loss carryforwards of approximately $520.3 million that are available to offset future taxable income. If not utilized, $169.1 million As of and for the year ended December 31, 2021, we had not established a liability for uncertain tax positions as no such positions existed. In general, our tax returns and the tax returns of our corporate subsidiaries are subject to U.S. federal, state, local and foreign income tax examinations by tax authorities. Generally, we are not subject to examination by taxing authorities for tax years prior to 2018. We do not believe that it is reasonably possible that the total amount of unrecognized tax benefits will significantly change within 12 months of the reporting date.

MANAGEMENT AGREEMENT AND AFFILI

MANAGEMENT AGREEMENT AND AFFILIATE TRANSACTIONS	12 Months Ended
	Dec. 31, 2021
Related Party Transactions [Abstract]
MANAGEMENT AGREEMENT AND AFFILIATE TRANSACTIONS	16. MANAGEMENT AGREEMENT AND AFFILIATE TRANSACTIONS The Parent, and FTAI Infrastructure as a part of the Parent, are externally managed by the Manager. The Manager is paid annual fees in exchange for advising us on various aspects of our business, formulating our investment strategies, arranging for the acquisition and disposition of assets, arranging for financing, monitoring performance, and managing our day-to-day operations, inclusive of all costs incidental thereto. In addition, the Manager may be reimbursed for various expenses incurred by the Manager on our behalf, including the costs of legal, accounting and other administrative activities. In May 2015, in connection with the Parent’s initial public offering (“IPO”), the Parent and the Manager entered into the Management Agreement. Additionally, the Parent has entered into certain incentive allocation arrangements with Fortress Worldwide Transportation and Infrastructure Master GP LLC (the “Master GP”). The Manager is entitled to a management fee, incentive allocations (comprised of Income Incentive Allocation and Capital Gains Incentive Allocation described below) and reimbursement of certain expenses. The management fee is determined by taking the average value of total equity (excluding non-controlling interests) of the Parent determined on a consolidated basis in accordance with U.S. GAAP at the end of the two most recently completed months multiplied by an annual rate of 1.50%, and is payable monthly in arrears in cash. The income incentive allocation is calculated and distributable quarterly in arrears based on the pre-incentive allocation net income for the immediately preceding calendar quarter (the “Income Incentive Allocation”). For this purpose, pre-incentive allocation net income means, with respect to a calendar quarter, net income attributable to shareholders during such quarter calculated in accordance with U.S. GAAP excluding the Parent’s pro rata share of (1) realized or unrealized gains and losses, and (2) certain non-cash or one-time items, and (3) any other adjustments as may be approved by the independent directors. Pre-incentive allocation net income does not include any Income Incentive Allocation or Capital Gains Incentive Allocation (described below) paid to the Master GP during the relevant quarter. The Master GP is entitled to an Income Incentive Allocation with respect to its pre-incentive allocation net income in each calendar quarter as follows: (1) no Income Incentive Allocation in any calendar quarter in which pre-incentive allocation net income, expressed as a rate of return on the average value of the Parent’s net equity capital (excluding non-controlling interests) at the end of the two most recently completed calendar quarters, does not exceed 2% for such quarter (8% annualized); (2) 100% of pre-incentive allocation net income of the Parent with respect to that portion of such pre-incentive allocation net income, if any, that is equal to or exceeds 2% but does not exceed 2.2223% for such quarter; and (3) 10% of the amount of pre-incentive allocation net income of the Parent, if any, that exceeds 2.2223% for such quarter. These calculations will be prorated for any period of less than three months. Capital Gains Incentive Allocation is calculated and distributable in arrears as of the end of each calendar year and is equal to 10% of the Parent’s pro rata share of cumulative realized gains from the date of the Parent’s IPO through the end of the applicable calendar year, net of the Parent’s pro rata share of cumulative realized or unrealized losses, the cumulative non-cash portion of equity-based compensation expenses and all realized gains upon which prior performance-based Capital Gains Incentive Allocation payments were made to the Master GP. A portion of the management fee, income incentive allocation, and capital gains incentive allocation that are attributable to the operations of FTAI Infrastructure is recorded in the Management fees and incentive allocation to affiliate on the Combined Consolidated Statement of Operations. These amounts are allocated on the following basis: Management fee— Income Incentive Allocation and Capital Gains Incentive Allocation The following table summarizes the management fees, income incentive allocation and capital gains incentive allocation included in these combined consolidated financial statements: Year Ended December 31, 2021 2020 2019 Management fees $ 15,638 $ 13,073 $ 10,722 Capital gains incentive allocation — — 5,819 Total $ 15,638 $ 13,073 $ 16,541 The Parent pays all of its operating expenses, except those specifically required to be borne by the Manager under the Management Agreement. The expenses required to be paid by the Parent include, but are not limited to, issuance and transaction costs incident to the acquisition, disposition and financing of its assets, legal and auditing fees and expenses, the compensation and expenses of the Parent’s independent directors, the costs associated with the establishment and maintenance of any credit facilities and other indebtedness of the Parent (including commitment fees, legal fees, closing costs, etc.), expenses associated with other securities offerings of the Parent, costs and expenses incurred in contracting with third parties (including affiliates of the Manager), the costs of printing and mailing proxies and reports to the Parent’s shareholders, costs incurred by the Manager or its affiliates for travel on the Parent’s behalf, costs associated with any computer software or hardware that is used by the Parent, costs to obtain liability insurance to indemnify the Parent’s directors and officers and the compensation and expenses of the Parent’s transfer agent. The Parent will pay or reimburse the Manager and its affiliates for performing certain legal, accounting, due diligence tasks and other services that outside professionals or outside consultants otherwise would perform, provided that such costs and reimbursements are no greater than those which would be paid to outside professionals or consultants. The Manager is responsible for all of its other costs incident to the performance of its duties under the Management Agreement, including compensation of the Manager’s employees, rent for facilities and other “overhead” expenses. A portion of the Parent’s reimbursement to the Manager is allocated to FTAI Infrastructure based on an estimate of time incurred by the Manager’s employees on activities related to our operations. A portion of these reimbursable expenses that the Parent paid to the Manager and are attributable to FTAI Infrastructure are included in the combined consolidated financial statements as follows: Year Ended December 31, 2021 2020 2019 Classification in the Combined Consolidated Statements of Operations: General and administrative expenses $ 3,937 $ 4,053 $ 3,747 Acquisition and transaction expenses 1,105 682 714 Total $ 5,042 $ 4,735 $ 4,461 In addition to the above, the following corporate expenses, which were allocated from the Parent, are also included in the combined consolidated financial statements: Year Ended December 31, 2021 2020 2019 Classification in the Combined Consolidated Statements of Operations: General and administrative expenses $ 4,776 $ 4,469 $ 3,722 Acquisition and transaction expenses 10,880 69 3,412 Total $ 15,656 $ 4,538 $ 7,134 As of December 31, 2021 and 2020, no amounts were recorded as a payable to the Manager or a receivable from the Manager. Other Affiliate Transactions As of December 31, 2021 and 2020 an affiliate of our Manager owns an approximately 20% interest in Jefferson Terminal which has been accounted for as a component of non-controlling interest in consolidated subsidiaries in the accompanying combined consolidated financial statements. The carrying amount of this non-controlling interest as of December 31, 2021 and 2020 was $(9.1) million and $17.2 million, respectively. The following table presents the amount of this non-controlling interest share of net loss: Year Ended December 31, 2021 2020 2019 Non-controlling interest share of net loss $ (26,472 ) $ (16,522 ) $ (17,571 ) In July 2020, we purchased a 14% interest in FYX from an affiliate of our Manager, which retained a non-controlling interest in FYX subsequent to the transaction. Additionally, other investors in FYX are also affiliates of our Manager. See Note 6 for additional information related to FYX. In connection with the Capital Call Agreement related to the Series 2016 Bonds, we entered into a Fee and Support Agreement with an affiliate of our Manager. The Fee and Support Agreement provides that the affiliate of the Manager is compensated for its guarantee of a portion of the obligations under the Standby Bond Purchase Agreement. This affiliate of the Manager received fees of $1.7 million, was amortized as interest expense to the earlier of the redemption date or February 13, 2020. In connection with the amendment to the Jefferson Revolver, on December 20, 2018, our subsidiary and an affiliate of our Manager entered into an amended and restated Fee and Support Agreement, and our subsidiary issued a $0.3 million promissory note to the affiliate of our Manager, as consideration for the fee payable pursuant to the amended and restated Fee and Support Agreement. In February 2020, the Fee and Support Agreement was terminated in connection with the Jefferson Refinancing.

SEGMENT INFORMATION

SEGMENT INFORMATION	12 Months Ended
	Dec. 31, 2021
Segment Reporting [Abstract]
SEGMENT INFORMATION	17. SEGMENT INFORMATION Prior to the third quarter of 2022, we operated as three reportable segments. During the third quarter of 2022, we reorganized our historical operating segments into five operating segments as described below. Additionally, during the third quarter of 2022, we modified our definition of Adjusted EBITDA to exclude the impact of interest costs on pension and other post-employment benefit (“OPEB”) liabilities. All segment data and related disclosures for earlier periods presented herein have been recast to reflect the new segment reporting structure. Our reportable segments represent strategic business units comprised of investments in different types of infrastructure assets. We have five reportable segments which operate in infrastructure businesses across several market sectors, all in North America. Our reportable segments are (i) Railroad, (ii) Jefferson Terminal, (iii) Repauno, (iv) Power and Gas and (v) Sustainability and Energy Transition. The Railroad segment is comprised of five freight railroads and one switching company that provide rail service to certain manufacturing and production facilities, in addition to KRS, a railcar cleaning operation. The Jefferson Terminal segment consists of a multi-modal crude oil and refined products terminal and other related assets. The Repauno segment consists of a 1,630-acre deep-water port located along the Delaware River with an underground storage cavern, a new multipurpose dock, a rail-to-ship transloading system and multiple industrial development opportunities. The Power and Gas segment is comprised of an equity method investment in Long Ridge, which is a 1,660-acre multi-modal port located along the Ohio River with rail, dock, and multiple industrial development opportunities, including a power plant in operation. The Sustainability and Energy Transition segment is comprised of Aleon/Gladieux, Clean Planet, and CarbonFree, and all three investments are development stage businesses focused on sustainability and recycling. Corporate and Other primarily consists of corporate general and administrative expenses, and management fees, all allocated from the Parent. Additionally, Corporate and Other includes an investment in an unconsolidated entity engaged in the acquisition and leasing of shipping containers and an investment in an operating company that provides roadside assistance services for the intermodal and over-the-road trucking industries. The accounting policies of the segments are the same as those described in the summary of significant accounting policies. The chief operating decision maker (“CODM”) evaluates investment performance for each reportable segment primarily based on Adjusted EBITDA. Adjusted EBITDA is defined as net income (loss) attributable to Parent, adjusted (a) to exclude the impact of provision for (benefit from) income taxes, equity-based compensation expense, acquisition and transaction expenses, losses on the modification or extinguishment of debt and capital lease obligations, changes in fair value of non-hedge derivative instruments, asset impairment charges, incentive allocations, depreciation and amortization expense, interest expense and interest costs on pension and OPEB liabilities, (b) to include the impact of our pro-rata share of Adjusted EBITDA from unconsolidated entities, and (c) to exclude the impact of equity in earnings (losses) of unconsolidated entities and the non-controlling share of Adjusted EBITDA. We believe that net income (loss) attributable to Parent, as defined by U.S. GAAP, is the most appropriate earnings measurement with which to reconcile Adjusted EBITDA. Adjusted EBITDA should not be considered as an alternative to net income (loss) attributable to Parent as determined in accordance with U.S. GAAP. The following tables set forth certain information for each reportable segment: I. For the Year Ended December 31, 2021 Year Ended December 31, 2021 Ports and Terminals Railroad Jefferson Terminal Repauno Power and Gas Sustainability and Energy Transition Corporate and Other Total Revenues Total revenues $ 62,250 $ 46,352 $ 11,617 $ — $ — $ — $ 120,219 Expenses Operating expenses 35,824 48,255 14,304 99 — 59 98,541 General and administrative — — — — — 8,737 8,737 Acquisition and transaction expenses 2,841 — — — — 11,985 14,826 Management fees and incentive allocation to affiliate — — — — — 15,638 15,638 Depreciation and amortization 8,951 36,013 9,052 — — — 54,016 Total expenses 47,616 84,268 23,356 99 — 36,419 191,758 Other (expense) income Equity in (losses) earnings of unconsolidated entities — — — (13,597 ) (372 ) 470 (13,499 ) Gain on sale of assets, net — — 16 — — — 16 Interest expense (60 ) (14,812 ) (1,147 ) — — — (16,019 ) Other expense (422 ) (4,726 ) — (3,782 ) — — (8,930 ) Total other (expense) income (482 ) (19,538 ) (1,131 ) (17,379 ) (372 ) 470 (38,432 ) Income (loss) before income taxes 14,152 (57,454 ) (12,870 ) (17,478 ) (372 ) (35,949 ) (109,971 ) Provision for (benefit from) income taxes 64 229 — (3,930 ) — 7 (3,630 ) Net income (loss) 14,088 (57,683 ) (12,870 ) (13,548 ) (372 ) (35,956 ) (106,341 ) Less: Net loss attributable to non-controlling interests in consolidated subsidiaries — (26,250 ) (222 ) — — — (26,472 ) Net income (loss) attributable to Parent $ 14,088 $ (31,433 ) $ (12,648 ) $ (13,548 ) $ (372 ) $ (35,956 ) $ (79,869 ) The Year Ended December 31, 2021 Ports and Terminals Railroad Jefferson Terminal Repauno Power and Gas Sustainability and Energy Transition Corporate and Other Total Adjusted EBITDA $ 26,449 $ 10,631 $ (4,149 ) $ 25,524 $ (372 ) $ (24,372 ) $ 33,711 Add: Non-controlling share of Adjusted EBITDA 12,508 Add: Equity in losses of unconsolidated entities (13,499 ) Less: Interest costs on pension and OPEB liabilities (445 ) Less: Pro-rata share of Adjusted EBITDA from unconsolidated entities (29,095 ) Less: Interest expense (16,019 ) Less: Depreciation and amortization expense (54,016 ) Less: Incentive allocations — Less: Asset impairment charges — Less: Changes in fair value of non-hedge derivative instruments 2,220 Less: Losses on the modification or extinguishment of debt and capital lease obligations — Less: Acquisition and transaction expenses (14,826 ) Less: Equity-based compensation expense (4,038 ) Less: Benefit from income taxes 3,630 Net loss attributable to Parent $ (79,869 ) II. For the Year Ended December 31, 2020 Year Ended December 31, 2020 Ports and Terminals Railroad Jefferson Terminal Repauno Power and Gas Sustainability and Energy Transition Corporate and Other Total Revenues Total revenues $ 4,424 $ 60,283 $ 3,855 $ — $ — $ — $ 68,562 Expenses Operating expenses 5,992 53,072 8,971 1,356 — — 69,391 General and administrative — — — — — 8,522 8,522 Acquisition and transaction expenses — — — 907 — 751 1,658 Management fees and incentive allocation to affiliate — — — — — 13,073 13,073 Depreciation and amortization 583 29,034 1,497 — — — 31,114 Total expenses 6,575 82,106 10,468 2,263 — 22,346 123,758 Other (expense) income Equity in (losses) earnings of unconsolidated entities — — — (3,222 ) — 115 (3,107 ) Loss on sale of assets, net — (8 ) — — — — (8 ) Loss on extinguishment of debt — (4,724 ) — — — — (4,724 ) Interest expense (3 ) (9,426 ) (1,335 ) — — — (10,764 ) Other income — 92 — — — — 92 Total other (expense) income (3 ) (14,066 ) (1,335 ) (3,222 ) — 115 (18,511 ) Loss before income taxes (2,154 ) (35,889 ) (7,948 ) (5,485 ) — (22,231 ) (73,707 ) Provision for (benefit from) income taxes — 278 — (2,265 ) — 3 (1,984 ) Net loss (2,154 ) (36,167 ) (7,948 ) (3,220 ) — (22,234 ) (71,723 ) Less: Net loss attributable to non-controlling interests in consolidated subsidiaries — (16,483 ) (39 ) — — — (16,522 ) Net loss attributable to Parent $ (2,154 ) $ (19,684 ) $ (7,909 ) $ (3,220 ) $ — $ (22,234 ) $ (55,201 ) The Year Ended December 31, 2020 Ports and Terminals Railroad Jefferson Terminal Repauno Power and Gas Sustainability and Energy Transition Corporate and Other Total Adjusted EBITDA $ (1,568 ) $ 16,118 $ (4,548 ) $ 1,948 $ — $ (21,759 ) $ (9,809 ) Add: Non-controlling share of Adjusted EBITDA 9,637 Add: Equity in losses of unconsolidated entities (3,107 ) Less: Interest costs on pension and OPEB liabilities — Less: Pro-rata share of Adjusted EBITDA from unconsolidated entities (3,140 ) Less: Interest expense (10,764 ) Less: Depreciation and amortization expense (31,114 ) Less: Incentive allocations — Less: Asset impairment charges — Less: Changes in fair value of non-hedge derivative instruments (181 ) Less: Losses on the modification or extinguishment of debt and capital lease obligations (4,724 ) Less: Acquisition and transaction expenses (1,658 ) Less: Equity-based compensation expense (2,325 ) Less: Benefit from income taxes 1,984 Net loss attributable to Parent $ (55,201 ) III. For the Year Ended December 31, 2019 Year Ended December 31, 2019 Ports and Terminals Railroad Jefferson Terminal Repauno Power and Gas Sustainability and Energy Transition Corporate and Other Total Revenues Total revenues $ 2,917 $ 204,348 $ 7,886 $ 14,301 $ — $ — $ 229,452 Expenses Operating expenses 4,549 231,506 9,599 15,255 — — 260,909 General and administrative — — — — — 7,469 7,469 Acquisition and transaction expenses — — — 5,008 — 4,126 9,134 Management fees and incentive allocation to affiliate — — — — — 16,541 16,541 Depreciation and amortization 405 22,873 1,480 8,370 — — 33,128 Asset impairment — — — 4,726 — — 4,726 Total expenses 4,954 254,379 11,079 33,359 — 28,136 331,907 Other income (expense) Equity in losses of unconsolidated entities — (292 ) — (192 ) — (62 ) (546 ) Gain on sale of assets, net — 4,636 — 116,660 — — 121,296 Interest expense (6 ) (16,189 ) (1,373 ) (339 ) — — (17,907 ) Other income 6 752 — 2,098 — 1 2,857 Total other (expense) income — (11,093 ) (1,373 ) 118,227 — (61 ) 105,700 (Loss) income before income taxes (2,037 ) (61,124 ) (4,566 ) 99,169 — (28,197 ) 3,245 Provision for (benefit from) income taxes — 284 — 14,106 — (6 ) 14,384 Net (loss) income (2,037 ) (61,408 ) (4,566 ) 85,063 — (28,191 ) (11,139 ) Less: Net loss attributable to non-controlling interests in consolidated subsidiaries — (17,356 ) (215 ) — — — (17,571 ) Net (loss) income attributable to Parent $ (2,037 ) $ (44,052 ) $ (4,351 ) $ 85,063 $ — $ (28,191 ) $ 6,432 The Year Ended December 31, 2019 Ports and Terminals Railroad Jefferson Terminal Repauno Power and Gas Sustainability and Energy Transition Corporate and Other Total Adjusted EBITDA $ (1,626 ) $ (6,160 ) $ (1,082 ) $ 115,842 $ — $ (18,251 ) $ 88,723 Add: Non-controlling share of Adjusted EBITDA 9,859 Add: Equity in losses of unconsolidated entities (546 ) Less: Interest costs on pension and OPEB liabilities — Less: Pro-rata share of Adjusted EBITDA from unconsolidated entities (442 ) Less: Interest expense (17,907 ) Less: Depreciation and amortization expense (33,128 ) Less: Incentive allocations (5,819 ) Less: Asset impairment charges (4,726 ) Less: Changes in fair value of non-hedge derivative instruments (4,555 ) Less: Losses on the modification or extinguishment of debt and capital lease obligations — Less: Acquisition and transaction expenses (9,134 ) Less: Equity-based compensation expense (1,509 ) Less: Provision for income taxes (14,384 ) Net income attributable to Parent $ 6,432 IV. Balance Sheet The following tables sets forth the summarized balance sheet. All property, plant and equipment and leasing equipment are located in North America. December 31, 2021 Ports and Terminals Railroad Jefferson Terminal Repauno Power and Gas Sustainability and Energy Transition Corporate and Other Total Current assets $ 72,965 $ 296,753 $ 34,943 $ 357 $ 7,680 $ 286 $ 412,984 Non-current assets 695,632 987,678 281,599 — 53,152 11,256 2,029,317 Total assets 768,597 1,284,431 316,542 357 60,832 11,542 2,442,301 Debt, net — 693,624 25,000 — — — 718,624 Current liabilities 56,690 67,612 5,135 19 — 11 129,467 Non-current liabilities 52,180 753,113 27,965 17,530 — — 850,788 Total liabilities 108,870 820,725 33,100 17,549 — 11 980,255 Non-controlling interests in equity of consolidated subsidiaries — (2,604 ) 1,888 — — 625 (91 ) Total equity 659,727 463,706 283,442 (17,192 ) 60,832 11,531 1,462,046 Total liabilities and equity $ 768,597 $ 1,284,431 $ 316,542 $ 357 $ 60,832 $ 11,542 $ 2,442,301 December 31, 2020 Ports and Terminals Railroad Jefferson Terminal Repauno Power and Gas Sustainability and Energy Transition Corporate and Other Total Current assets $ 1,293 $ 79,288 $ 2,928 $ 8 $ — $ 998 $ 84,515 Non-current assets 5,320 910,640 270,642 126,639 — 1,254 1,314,495 Total assets 6,613 989,928 273,570 126,647 — 2,252 1,399,010 Debt, net — 253,473 25,000 — — — 278,473 Current liabilities 809 52,242 29,271 32 — 3 82,357 Non-current liabilities — 313,387 3,000 4,869 — — 321,256 Total liabilities 809 365,629 32,271 4,901 — 3 403,613 Non-controlling interests in equity of consolidated subsidiaries — 20,947 1,396 — — 22,343 Total equity 5,804 624,299 241,299 121,746 — 2,249 995,397 Total liabilities and equity $ 6,613 $ 989,928 $ 273,570 $ 126,647 $ — $ 2,252 $ 1,399,010

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	18. COMMITMENTS AND CONTINGENCIES In We have also entered into an arrangement with our non-controlling interest holder of Repauno, as part of the initial acquisition, whereby the non-controlling interest holder may receive additional payments contingent upon the achievement of certain conditions, not to exceed $15.0 million $5.0 million $15.0 million $5.0 million Jefferson entered into a two-year pipeline capacity agreement for a recently completed pipeline. Under the agreement, which took effect in the second quarter of 2021, Jefferson is obligated to pay fixed marketing fees over the two-year agreement, which totals a minimum of $10.2 million

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2021
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	19. SUBSEQUENT EVENTS Subscription Agreements On June 30, 2022, FTAI Infrastructure Inc. (the “Holding Company”) and Transtar, LLC, a subsidiary of our Holding Company, entered into subscription agreements with entities affiliated with Ares Management LLC (collectively, the “Subscriber”). Pursuant to the subscription agreement, the Holding Company agreed to sell to the Subscriber (i) 300,000 shares of newly-created Series A Senior Preferred Stock with a par value of $0.01 $0.01 $10.00 $0.01 $300.0 million $9.0 million Senior Secured Notes Offering On July 7, 2022, the Holding Company closed its private offering of $450.0 million 2027 94.585% On July 25, 2022, the Holding Company closed its private offering of an additional $50.0 million 10.500% 2027 94.585% $450.0 million Conversion of Limited Liability Company to Corporation On July 29, 2022, FTAI Infrastructure LLC was converted to a corporation, FTAI Infrastructure Inc., pursuant to the laws of the State of Delaware. Adoption of Management Agreement On July 31, 2022, the Holding Company entered into a management agreement with the Manager, an affiliate of Fortress (the “Management Agreement”), with substantially the same terms as the previously held management agreement between the Parent and the Manager. FTAI Infrastructure Spin-off On August 1, 2022, FTAI completed the spin-off of FTAI Infrastructure Inc., in which FTAI shareholders received one share of common stock of FTAI Infrastructure Inc., par value $0.01 Manager Options In connection with the spin-off, the Holding Company issued 10.9 million Nonqualified Stock Option and Incentive Award Plan On August 1, 2022, the Board of Directors adopted a Nonqualified Stock Option and Incentive Award Plan which provides for the ability to grant equity compensation awards in the form of stock options, stock appreciation rights, restricted stock, and performance awards to eligible employees, consultants, directors, and other individuals who provide services to us, each as determined by the Compensation Committee of the Board of Directors. As of August 1, 2022, the Plan provides for the issuance of up to 30 million

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Principles of Combination	Principles of Combination
Principles of Consolidation	Principles of Consolidation All significant intercompany transactions and balances have been eliminated. We use the equity method of accounting for investments in entities in which we exercise significant influence, but which do not meet the requirements for consolidation. Under the equity method, we record our proportionate share of the underlying net income (loss) of these entities as well as the proportionate interest in adjustments to other comprehensive income (loss).
Use of Estimates	Use of Estimates
Risks and Uncertainties	Risks and Uncertainties
Variable Interest Entities	Variable Interest Entities Delaware River Partners LLC During 2016, through Delaware River Partners LLC (“DRP”), a consolidated subsidiary, we purchased the assets of Repauno, which consisted primarily of land, a storage cavern, and riparian rights for the acquired land, site improvements and rights. Upon acquisition there were no operational processes that could be applied to these assets that would result in outputs without significant green field development. We currently hold an approximately 98% economic interest, and a 100%
Cash and Cash Equivalents	Cash and Cash Equivalents
Restricted Cash	Restricted Cash
Inventory	Inventory
Property, Plant and Equipment, Leasing Equipment and Depreciation	Property, Plant and Equipment, Leasing Equipment and Depreciation Property, plant and equipment and leasing equipment are stated at cost (inclusive of capitalized acquisition costs, where applicable) and depreciated using the straight-line method, over estimated useful lives, to estimated residual values which are summarized as follows: Asset Range of Estimated Useful Lives Residual Value Estimates Railcars and locomotives 40 - 50 years from date of manufacture Scrap value at end of useful life Track and track related assets 15 - 50 years from date of manufacture Scrap value at end of useful life Land, site improvements and rights N/A N/A Bridges and tunnels 15 - 55 years Scrap value at end of useful life Buildings and site improvements 20 - 30 years Scrap value at end of useful life Railroad equipment 3 - 15 years from date of manufacture Scrap value at end of useful life Terminal machinery and equipment 15 - 25 years from date of manufacture Scrap value at end of useful life Vehicles 5 - 7 years from date of manufacture Scrap value at end of useful life Furniture and fixtures 3 - 6 years from date of purchase None Computer hardware and software 2 - 5 years from date of purchase None Construction in progress N/A N/A Major improvements and modifications incurred in connection with the acquisition of property, plant and equipment and leasing equipment that are required to get the asset ready for initial service are capitalized and depreciated over the remaining life of the asset. Project costs of major additions and betterments, including capitalizable engineering costs and other costs directly related to the development or construction of project, are capitalized and depreciation commences once it is placed into service. Interest costs directly related to and incurred during the construction period of property, plant and equipment are capitalized. Significant spare parts are depreciated in conjunction with the underlying property, plant and equipment asset when placed in service. We review our depreciation policies on a regular basis to determine whether changes have taken place that would suggest that a change in our depreciation policies, useful lives of our equipment or the assigned residual values is warranted. We, through our equity method investment in Long Ridge, have a working interest in various natural gas reserves located in southeastern Ohio. Prior to the deconsolidation of Long Ridge in the fourth quarter of 2019, our interest in this natural gas joint venture was consolidated on a proportionate basis in accordance with Accounting Standards Codification (“ASC”) Topic 932 Extractive Activities – Oil and Gas
Capitalized Interest	Capitalized Interest
Repairs and Maintenance	Repairs and Maintenance
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets Management develops the assumptions used in the recoverability analysis based on its knowledge of active contracts, current and future expectations of the demand for a particular asset and historical experience, as well as information received from third party industry sources. The factors considered in estimating the undiscounted cash flows are impacted by changes in future periods due to changes in contracted lease rates, terminal service, and freight rail rates, residual values, economic conditions, technology, demand for a particular asset type and other factors.
Goodwill	Goodwill We review the carrying values of goodwill at least annually to assess impairment since these assets are not amortized. An annual impairment review is conducted as of October 1st of each year. Additionally, we review the carrying value of goodwill whenever events or changes in circumstances indicate that its carrying amount may not be recoverable. The determination of fair value involves significant management judgment. For an annual goodwill impairment assessment, an optional qualitative analysis may be performed. If the option is not elected or if it is more likely than not that the fair value of a reporting unit is less than its carrying amount, then a goodwill impairment test is performed to identify potential goodwill impairment and measure an impairment loss. A qualitative analysis was not elected for the years ended December 31, 2021 or 2020. Beginning in 2020, we adopted new guidance regarding the testing and recognition of a goodwill impairment, which prior to 2020 required two steps. A goodwill impairment assessment compares the fair value of the respective reporting unit with its carrying amount, including goodwill. The estimate of fair value of the respective reporting unit is based on the best information available as of the date of assessment, which primarily incorporates certain factors including our assumptions about operating results, business plans, income projections, anticipated future cash flows and market data. If the estimated fair value of the reporting unit is less than the carrying amount, a goodwill impairment is recorded to the extent that the carrying value of the reporting unit exceeds its fair value. We estimate the fair value of Jefferson Terminal and Transtar using an income approach, specifically a discounted cash flow analysis. This analysis requires us to make significant assumptions and estimates about the forecasted revenue growth rates, EBITDA margins, capital expenditures, the timing of future cash flows, and discount rates. The estimates and assumptions used consider historical performance if indicative of future performance and are consistent with the assumptions used in determining future profit plans for the reporting units. In connection with our impairment analysis, although we believe the estimates of fair value are reasonable, the determination of certain valuation inputs is subject to management’s judgment. Changes in these inputs, including as a result of events beyond our control, could materially affect the results of the impairment review. If the forecasted cash flows or other key inputs are negatively revised in the future, the estimated fair value of the reporting unit could be adversely impacted, potentially leading to an impairment in the future that could materially affect our operating results. Due to the acquisition of Transtar in the current year, the estimated fair value of that reporting unit approximates the book value. The Jefferson reporting unit had an estimated fair value that exceeded its carrying value by more than 10% but less than 20%. The Jefferson Terminal segment forecasted revenue is dependent on the ramp up of volumes under current and expected future contracts for storage and throughput of heavy and light crude and refined products and is subject to obtaining rail capacity for crude, expansion of refined product distribution to Mexico and movements in future oil spreads. At October 1, 2021, approximately 4.3 million barrels of storage was currently operational with 1.9 million barrels currently under construction for new contracts which will complete our storage development for our main terminal. Our discount rate for our 2021 goodwill impairment analysis was 9.0% and our assumed terminal growth rate was 2.0%. If our strategy changes from planned capacity downward due to an inability to source contracts or expand volumes, the fair value of the reporting unit would be negatively affected, which could lead to an impairment. The expansion of refineries in the Beaumont/Port Arthur area, as well as growing crude oil production in the U.S. and Canada, are expected to result in increased demand for storage on the U.S. Gulf Coast. Although we do not have significant direct exposure to volatility of crude oil prices, changes in crude oil pricing that affect long term refining planned output could impact Jefferson Terminal operations. We expect the Jefferson Terminal segment to continue to generate positive Adjusted EBITDA in future years. Although certain of our anticipated contracts or expected volumes from existing contracts for Jefferson Terminal have been delayed, we continue to believe our projected revenues are achievable. Further delays in executing these contracts or achieving our projections could adversely affect the fair value of the reporting unit. The impact of the COVID-19 global pandemic during 2020 and 2021 negatively affected refining volumes and therefore Jefferson Terminal crude throughput but we have seen the activity starting to normalize and are expected to ramp back to normal during 2022. Furthermore, we anticipate strengthening macroeconomic demand for storage and the increasing spread between Western Canadian Crude and Western Texas Intermediate as Canadian crude pipeline apportionment increases. Also, as our pipeline connections became fully operational during 2021, we remain positive for the outlook of Jefferson Terminal’s earnings potential. There were no impairments of goodwill for the years ended December 31, 2021, 2020, and 2019.
Intangibles and amortization	Intangibles and amortization Customer relationship intangible assets are amortized on a straight-line basis over their useful lives as the pattern in which the asset’s economic benefits are consumed cannot reliably be determined. Customer relationship intangible assets have useful lives ranging from 5 to 15 years, no estimated residual value, and amortization is recorded as a component of Depreciation and amortization in the Combined Consolidated Statements of Operations. The weighted-average remaining amortization period for customer relationships was 154 months as of December 31, 2021.
Deferred Financing Costs	Deferred Financing Costs Amortization expense was $2.6 million, $1.5 million and $3.7 million for the years ended December 31, 2021, 2020 and 2019, respectively, and is included in Interest expense in the Combined Consolidated Statements of Operations.
Revenues	Terminal Services Revenues Rail Revenues Interline revenues are derived from transportation services for railcars that originate or terminate at our railroads and involve one or more other carriers. For interline traffic, one railroad typically invoices a customer on behalf of all railroads participating in the route directed by the customer. The invoicing railroad then pays the other railroads its portion of the total amount invoiced on a monthly basis. We record revenue related to interline traffic for transportation service segments provided by carriers along railroads that are not owned or controlled by us on a net basis. Interline revenues are recognized as the transportation movements occur. Our ancillary services revenue primarily relates to demurrage and storage services. Demurrage represents charges assessed by railroads for the detention of cars by shippers or receivers of freight beyond a specified free time and is recognized on a per day basis. Storage services revenue is earned for the provision of storage of shippers’ railcars and is generally recognized on a per day, per car basis, as the storage services are provided. Lease Income Crude Marketing Revenues Other Revenue Additionally, other revenue includes revenue related to derivative trading activities. See Commodity Derivatives below for additional information. Payment terms for these revenues are generally short term in nature.
Leasing Arrangements	Leasing Arrangements All lease liabilities are measured at the present value of the unpaid lease payments, discounted using our incremental borrowing rate based on the information available at commencement date of the lease. ROU assets, for both operating and finance leases, are initially measured based on the lease liability, adjusted for prepaid rent and lease incentives. ROU assets are subsequently measured at the carrying amount of the lease liability adjusted for prepaid or accrued lease payments and lease incentives. The finance lease ROU assets are subsequently amortized using the straight-line method. Operating lease expenses are recognized on a straight-line basis over the lease term. With respect to finance leases, amortization of the ROU asset is presented separately from interest expense related to the finance lease liability. Variable lease payments, which are primarily based on usage, are recognized when the associated activity occurs. We have elected to combine lease and non-lease components for all lease contracts where we are the lessee. Additionally, for arrangements with lease terms of 12 months or less, we do not recognize ROU assets, and lease liabilities and lease payments are recognized on a straight-line basis over the lease term with variable lease payments recognized in the period in which the obligation is incurred.
Concentration of Credit Risk	Concentration of Credit Risk As of December 31, 2021, accounts receivable from two customers from the Jefferson Terminal and Railroad segments represented 48% of total accounts receivable, net. As of December 31, 2020, accounts receivable from two customers in the Jefferson Terminal segment represented 63% of total accounts receivable, net. We maintain cash and restricted cash balances, which generally exceed federally insured limits, and subject us to credit risk, in high credit quality financial institutions. We monitor the financial condition of these institutions and have not experienced any losses associated with these accounts.
Allowance for Doubtful Accounts	Allowance for Doubtful Accounts
Expense Recognition	Expense Recognition
Acquisition and Transaction expenses	Acquisition and Transaction expenses
Comprehensive Income (Loss)	Comprehensive Income (Loss)
Derivative Financial Instruments	Derivative Financial Instruments Electricity Derivatives— Cash Flow Hedges Certain of these derivative instruments are designated and qualify as cash flow hedges. Our share of the derivative’s gain or loss is reported as Other comprehensive income related to equity method investees in our Combined Consolidated Statements of Comprehensive (Loss) Income and recorded in Accumulated other comprehensive (loss) income in our Combined Consolidated Balance Sheets. The change in our equity method investment balance related to derivative gains or losses on cash flow hedges is disclosed as a Non-cash change in equity method investment in our Combined Consolidated Statements of Cash Flows. Derivatives Not Designated as Hedging Instruments Certain of these derivative instruments are not designated as hedging instruments for accounting purposes. Our share of change in fair value of these contracts is recognized in Equity in earnings (losses) of unconsolidated entities in the Combined Consolidated Statements of Operations. The cash flow impact of derivative contracts that are not designated as hedging instruments is recognized in Equity in earnings (losses) of unconsolidated entities in our Combined Consolidated Statements of Cash Flows. Commodity Derivatives— These derivatives are not used for speculative purposes. We record all derivative assets and liabilities on a gross basis at fair value and are included in Other current assets and Other current liabilities, respectively, in our Combined Consolidated Balance Sheets. See Note 11 for additional details.
Income Taxes	Income Taxes We account for these taxes using the asset and liability method under which deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. A valuation allowance is established when management believes it is more likely than not that a deferred tax asset will not be realized. Each of our combined entities files income tax returns in the U.S. federal jurisdiction, various state jurisdictions and in certain foreign jurisdictions. The income tax returns filed by us and our subsidiaries are subject to examination by the U.S. federal, state and foreign tax authorities. We recognize tax benefits for uncertain tax positions only if it is more likely than not that the position is sustainable based on its technical merits. Interest and penalties on uncertain tax positions are included as a component of the provision for income taxes in the Combined Consolidated Statements of Operations.
Other Current Assets	Other Current Assets
Other Assets	Other Assets
Accounts Payable and Accrued Liabilities	Accounts Payable and Accrued Liabilities
Other Current Liabilities	Other Current Liabilities
Pension and Other Postretirement Benefits	Pension and Other Postretirement Benefits
Recent Accounting Pronouncements	Recent Accounting Pronouncements Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting Reference Rate Reform: Scope, In December 2019, the FASB issued ASU 2019-12, Simplifying the Accounting for Income Taxes (Topic 740) In July 2021, the FASB issued ASU 2021-05, Leases (Topic 842): Lessors—Certain Leases with Variable Lease Payments . This ASU requires lessors to classify and account for a lease with variable lease payments that do not depend on a reference index or a rate as an operating lease if (i) the lease would have been classified as a sales-type lease or a direct financing lease under Topic 842 and (ii) the lessor would have otherwise recognized a day-one loss. This standard is effective for all reporting periods beginning after December 15, 2021.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Property, Plant and Equipment, Leasing Equipment and Depreciation Useful Life	Property, plant and equipment and leasing equipment are stated at cost (inclusive of capitalized acquisition costs, where applicable) and depreciated using the straight-line method, over estimated useful lives, to estimated residual values which are summarized as follows: Asset Range of Estimated Useful Lives Residual Value Estimates Railcars and locomotives 40 - 50 years from date of manufacture Scrap value at end of useful life Track and track related assets 15 - 50 years from date of manufacture Scrap value at end of useful life Land, site improvements and rights N/A N/A Bridges and tunnels 15 - 55 years Scrap value at end of useful life Buildings and site improvements 20 - 30 years Scrap value at end of useful life Railroad equipment 3 - 15 years from date of manufacture Scrap value at end of useful life Terminal machinery and equipment 15 - 25 years from date of manufacture Scrap value at end of useful life Vehicles 5 - 7 years from date of manufacture Scrap value at end of useful life Furniture and fixtures 3 - 6 years from date of purchase None Computer hardware and software 2 - 5 years from date of purchase None Construction in progress N/A N/A

ACQUISITION OF TRANSTAR, LLC. (

ACQUISITION OF TRANSTAR, LLC. (Tables)	12 Months Ended
	Dec. 31, 2021
Business Combinations [Abstract]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	The following table summarizes the preliminary allocation of the purchase price, as presented in our Combined Consolidated Balance Sheets: Fair value of assets acquired: Cash and cash equivalents $ 8,918 Accounts receivable 18,625 Operating lease right-of-use assets 12,231 Property, plant and equipment 490,561 Intangible assets 60,000 Other assets 15,008 Total assets 605,343 Fair value of liabilities assumed: Accounts payable and accrued liabilities 47,010 Operating lease liabilities 10,689 Pension and other postretirement benefits (1) 37,552 Other liabilities 8,487 Total liabilities 103,738 Goodwill (2) 134,402 Total purchase consideration $ 636,007 (1) Included in Other liabilities in the Combined Consolidated Balance Sheets. (2) Goodwill is primarily attributable to the assembled workforce of Transtar and the synergies expected to be achieved. This goodwill is assigned to the Railroad segment and is tax deductible for income tax purposes.
Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination	The following table presents the identifiable intangible assets and their estimated useful lives: Estimated useful life in years Fair value Customer relationships 15 60,000
Schedule of Property Plant And Equipment Acquired as Part of Business Combination	The following table presents the property, plant and equipment and their estimated remaining useful lives: Estimated remaining useful life in years Fair value Railcars 1 - 40 $ 112,981 Track and track related assets 1 - 40 90,904 Land, site improvements and rights N/A 87,450 Bridges and tunnels 15 - 55 174,889 Buildings and improvements 3 - 25 12,448 Railroad equipment 2 - 15 2,725 Terminal machinery and equipment 2 - 15 3,325 Vehicles 2 - 5 3,740 Construction in progress N/A 1,928 Computer hardware and software 2 - 5 171 Total $ 490,561
Business Acquisition, Pro Forma Information	The unaudited pro forma financial information is presented for informational purposes only and is not indicative of the results of operations that would have been achieved if the acquisition had taken place as of January 1, 2020. Year Ended December 31, 2021 2020 Total revenue $ 199,762 $ 183,744 Net loss attributable to Parent $ (56,717 ) $ (39,349 )

LEASING EQUIPMENT, NET (Tables)

LEASING EQUIPMENT, NET (Tables)	12 Months Ended
	Dec. 31, 2021
Leases [Abstract]
Schedule of Lessor, Operating Leases	Leasing equipment, net is summarized as follows: December 31, 2021 2020 Leasing equipment $ 44,179 $ 44,179 Less: Accumulated depreciation (8,167 ) (7,063 ) Leasing equipment, net $ 36,012 $ 37,116
Operating Lease, Lease Income	Depreciation expense for leasing equipment is summarized as follows: Year Ended December 31, 2021 2020 2019 Depreciation expense for leasing equipment $ 1,103 $ 1,106 $ 1,108

PROPERTY, PLANT AND EQUIPMENT_2

PROPERTY, PLANT AND EQUIPMENT, NET (Tables)	12 Months Ended
	Dec. 31, 2021
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	Property, plant and equipment, net is summarized as follows: December 31, 2021 2020 Land, site improvements and rights $ 149,914 $ 52,047 Construction in progress 118,081 401,729 Buildings and improvements 19,164 4,491 Bridges and tunnels 174,889 — Terminal machinery and equipment 962,552 557,788 Track and track related assets 100,014 2,349 Railroad equipment 8,331 5,560 Railcars and locomotives 111,574 — Computer hardware and software 5,335 5,101 Furniture and fixtures 1,745 1,750 Other 10,016 5,870 1,661,615 1,036,685 Less: Accumulated depreciation (144,021 ) (96,427 ) Property, plant and equipment, net $ 1,517,594 $ 940,258

INVESTMENTS (Tables)

INVESTMENTS (Tables)	12 Months Ended
	Dec. 31, 2021
Equity Method Investments and Joint Ventures [Abstract]
Equity Method Investments	The following table presents the ownership interests and carrying values of our investments: Carrying Value Investment Ownership Percentage December 31, 2021 December 31, 2020 Long Ridge Terminal LLC (1) Equity method 50% $ — $ 122,539 FYX Trust Holdco LLC Equity 14% 1,255 1,255 GM-FTAI Holdco LLC Equity method See below 52,295 — Clean Planet Energy USA LLC Equity method 50% 858 — $ 54,408 $ 123,794 (1) The carrying value of $17.5 million as of December 31, 2021, is included in Other Liabilities in the Combined Consolidated Balance Sheets The following table presents our proportionate share of equity in (losses) earnings: Year Ended December 31, 2021 2020 2019 JGP Energy Partners LLC $ — $ — $ (292 ) Intermodal Finance I, Ltd. 470 115 (62 ) Long Ridge Terminal LLC (13,597 ) (3,222 ) (192 ) GM-FTAI Holdco LLC (205 ) — — Clean Planet Energy USA LLC (167 ) — — Total $ (13,499 ) $ (3,107 ) $ (546 )
Equity Method Investments Financial Information	The tables below present summarized financial information for Long Ridge Terminal LLC: December 31, Balance Sheet 2021 2020 Assets Current assets Cash and cash equivalents $ 2,932 $ 3,057 Restricted cash 32,469 26,920 Accounts receivable, net 17,896 5,711 Other current assets 8,857 787 Total current assets 62,154 36,475 Property, plant, and equipment, net 764,607 612,234 Intangible assets, net 4,940 5,320 Goodwill 89,390 89,390 Other assets 5,584 8,597 Total assets $ 926,675 $ 752,016 Liabilities Current liabilities Accounts payable and accrued liabilities $ 16,121 $ 25,173 Other current liabilities 47,626 253 Total current liabilities 63,747 25,426 Debt, net 604,261 445,733 Other liabilities 293,653 36,262 Total liabilities 961,661 507,421 Equity Total equity (34,986 ) 244,595 Total liabilities and equity $ 926,675 $ 752,016 Year Ended December 31, Statement of Operations 2021 2020 Revenue $ 85,638 $ 24,917 Total revenue 85,638 24,917 Expenses Operating expenses 28,310 16,339 Depreciation and amortization 24,836 11,004 Interest expense 11,005 2,037 Total expenses 64,151 29,380 Other expense (44,302 ) (1,967 ) Loss before income taxes (22,815 ) (6,430 ) Provision for income taxes — — Net Loss $ (22,815 ) $ (6,430 )

INTANGIBLE ASSETS AND LIABILI_2

INTANGIBLE ASSETS AND LIABILITIES, NET (Tables)	12 Months Ended
	Dec. 31, 2021
Intangible Assets and Liabilities Disclosure [Abstract]
Schedule of Finite-Lived Intangible Assets and Liabilities	Our intangible assets and liabilities, net are summarized as follows: December 31, 2021 Jefferson Terminal Railroad Total Intangible assets Customer relationships 35,513 60,000 95,513 Less: Accumulated amortization (26,038 ) (1,738 ) (27,776 ) Acquired customer relationships, net 9,475 58,262 67,737 December 31, 2020 Jefferson Terminal Railroad Total Customer relationships $ 35,513 $ — $ 35,513 Less: Accumulated amortization (22,485 ) — (22,485 ) Total intangible assets, net $ 13,028 $ — $ 13,028
Schedule of Intangible Assets and Liabilities	Amortization of intangible assets is recorded as follows: Year Ended December 31, Classification in Combined Consolidated Statements of Operations 2021 2020 2019 Customer relationships Depreciation and amortization 5,292 3,553 3,553
Schedule of Net Annual Amortization of Intangibles	Estimated net annual amortization of intangibles is as follows: December 31, 2021 2022 $ 7,551 2023 7,551 2024 6,373 2025 4,000 2026 4,000 Thereafter 38,262 Total $ 67,737

DEBT, NET (Tables)

DEBT, NET (Tables)	12 Months Ended
	Dec. 31, 2021
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	Our debt, net is summarized as follows: December 31, 2021 December 31, 2020 Stated Interest Rate Maturity Date Outstanding Borrowings Outstanding Borrowings Loans payable DRP Revolver (1) (i) Base Rate + 2.75%; or (ii) Base Rate + 3.75% (Eurodollar) 11/5/24 25,000 25,000 EB-5 Loan Agreement 5.75% 1/25/26 26,100 — Total loans payable 51,100 25,000 Bonds payable Series 2020 Bonds (i) Tax Exempt Series 2020A Bonds: 3.625% (ii) Tax Exempt Series 2020A Bonds: 4.00% (iii) Taxable Series 2020B Bonds: 6.00% (i) 1/1/35 (ii) 1/1/50 (iii) 1/1/25 263,980 263,980 Series 2021 Bonds (i) Series 2021A Bonds: 1.875% to 3.00% (ii) Series 2021B Bonds: 4.10% (i) 1/1/26 1/1/50 (ii) 1/1/28 425,000 — Total bonds payable 688,980 263,980 Debt 740,080 288,980 Less: Debt issuance costs (21,456 ) (10,507 ) Total debt, net $ 718,624 $ 278,473 Total debt due within one year $ — $ 25,000 (1) Requires a quarterly commitment fee at a rate of 0.875% on the average daily unused portion, as well as customary letter of credit fees and agency fees.
Schedule of Principal Repayments Under our Debt Agreements	As of December 31, 2021, scheduled principal repayments under our debt agreements for the next five years and thereafter are summarized as follows: 2022 2023 2024 2025 2026 Thereafter Total DRP Revolver $ — $ — $ 25,000 $ — $ — $ — $ 25,000 EB-5 Loan Agreement — — — — 26,100 — 26,100 Series 2020 Bonds — — — 79,060 — 184,920 263,980 Series 2021 Bonds — — — — 9,025 415,975 425,000 Total principal payments on loans and bonds payable $ — $ — $ 25,000 $ 79,060 $ 35,125 $ 600,895 $ 740,080

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	12 Months Ended
	Dec. 31, 2021
Fair Value Disclosures [Abstract]
Fair Value, Assets Measured on Recurring Basis	The following tables set forth our financial assets measured at fair value on a recurring basis by level within the fair value hierarchy. Assets measured at fair value are classified in their entirety based on the lowest level of input that is significant to their fair value measurement. Fair Value as of Fair Value Measurements Using Fair Value Hierarchy as of December 31, 2021 December 31, 2021 Total Level 1 Level 2 Level 3 Valuation Technique Assets Cash and cash equivalents $ 49,872 $ 49,872 $ — $ — Market Restricted cash 251,983 251,983 — — Market Derivative assets 2,220 — 2,220 — Income Total assets $ 304,075 $ 301,855 $ 2,220 $ — Fair Value as of Fair Value Measurements Using Fair Value Hierarchy as of December 31, 2020 December 31, 2020 Total Level 1 Level 2 Level 3 Valuation Technique Assets Cash and cash equivalents $ 15,706 $ 15,706 $ — $ — Market Restricted cash 39,715 39,715 — — Market Total assets $ 55,421 $ 55,421 $ — $ —
Fair Value, by Balance Sheet Grouping	The fair value of our bonds and notes payable reported as debt, net in the Combined Consolidated Balance Sheets are presented in the table below: December 31, 2021 2020 Series 2020 A Bonds (1) $ 189,773 $ 186,306 Series 2020 B Bonds (1) 81,637 79,723 Series 2021 A Bonds (1) 222,023 — Series 2021 B Bonds (1) 194,278 — (1) Fair value is based upon market prices for similar municipal securities.

DERIVATIVE FINANCIAL INSTRUME_2

DERIVATIVE FINANCIAL INSTRUMENTS (Tables)	12 Months Ended
	Dec. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Assets at Fair Value	The following table presents information related to our butane derivative contracts: December 31, 2021 2020 Notional Amount (Barrel of crude oil or butane (“BBL”) in thousands) 244 N/A Fair Value of Assets (1) $ 2,220 $ — Term 1 to 3 months N/A (1) Included in Other current assets in the Combined Consolidated Balance Sheet as of December 31, 2021.
Changes in Fair Value	The following table presents a summary of the changes in fair value for all Level 3 derivatives: Year Ended December 31, 2021 2020 2019 Beginning Balance $ — $ 181 $ 6,545 Net losses recognized in earnings — (181 ) (6,364 ) Purchases — — 314 Sales — — (674 ) Settlements — — 360 Ending Balance $ — $ — $ 181

REVENUES (Tables)

REVENUES (Tables)	12 Months Ended
	Dec. 31, 2021
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	Year Ended December 31, 2021 Ports and Terminals Railroad Jefferson Terminal Repauno Power and Gas Sustainability and Energy Transition Corporate and Other Total Lease income $ 736 $ 1,688 $ — $ — $ — $ — $ 2,424 Rail revenues 61,514 — — — — — 61,514 Terminal services revenues — 44,664 374 — — — 45,038 Crude marketing revenues — — — — — — — Other revenue — — 11,243 — — — 11,243 Total revenues $ 62,250 $ 46,352 $ 11,617 $ — $ — $ — $ 120,219 Year Ended December 31, 2020 Ports and Terminals Railroad Jefferson Terminal Repauno Power and Gas Sustainability and Energy Transition Corporate and Other Total Lease income $ — $ 1,186 $ — $ — $ — $ — $ 1,186 Rail revenues 4,424 — — — — — 4,424 Terminal services revenues — 50,887 — — — — 50,887 Crude marketing revenues — 8,210 — — — — 8,210 Other revenue — — 3,855 — — — 3,855 Total revenues $ 4,424 $ 60,283 $ 3,855 $ — $ — $ — $ 68,562 Year Ended December 31, 2019 Ports and Terminals Railroad Jefferson Terminal Repauno Power and Gas Sustainability and Energy Transition Corporate and Other Total Lease income $ — $ 2,306 $ 84 $ 972 $ — $ — $ 3,362 Rail revenues 2,917 — — — — — 2,917 Terminal services revenues — 35,908 — 7,057 — — 42,965 Crude marketing revenues — 166,134 — — — — 166,134 Other revenue — — 7,802 6,272 — — 14,074 Total revenues $ 2,917 $ 204,348 $ 7,886 $ 14,301 $ — $ — $ 229,452
Operating Lease, Lease Income	Presented below are the contracted minimum future annual revenues to be received under existing operating leases across several market sectors: December 31, 2021 2022 $ 11,969 2023 4,125 2024 459 2025 459 2026 421 Thereafter — Total $ 17,433

LEASES (Tables)

LEASES (Tables)	12 Months Ended
	Dec. 31, 2021
Leases [Abstract]
Lease, Cost	The following table presents lease related costs: Year Ended December 31, 2021 2020 2019 Finance leases Amortization of right-of-use assets $ 380 $ — $ — Interest on lease liabilities 27 — — Finance lease expense 407 — — Operating lease expense 5,682 $ 4,587 $ 5,846 Short-term lease expense 587 315 3,088 Variable lease expense 1,590 1,379 3,263 Sublease income — — (1,032 ) Total lease expense 8,266 $ 6,281 $ 11,165
Supplemental Information Related to Leases	The following table presents December 31, 2021 2020 Right-of-use assets, net $ 71,547 $ 60,561 Lease liabilities $ 70,404 $ 60,903 Weighted average remaining lease term 34.8 years 40.7 years Weighted average incremental borrowing rate 5.7 % 6.2 % Cash paid for amounts included in the measurement of operating lease liabilities $ 5,602 $ 4,591
Lessee, Operating Lease, Liability, Maturity	The following table presents 2022 $ 9,055 2023 7,178 2024 6,176 2025 5,854 2026 5,256 Thereafter 142,878 Total undiscounted lease payments 176,397 Less: Imputed interest 105,993 Total lease liabilities $ 70,404

EQUITY-BASED COMPENSATION (Tabl

EQUITY-BASED COMPENSATION (Tables)	12 Months Ended
	Dec. 31, 2021
Share-based Payment Arrangement [Abstract]
Schedule of Stock-based Compensation Arrangements	The following table presents our stock-based compensation expense recognized in the Combined Consolidated Statement of Operations: Year Ended December 31, 2021 2020 2019 Restricted shares $ 3,215 $ 1,676 1,054 Common units 823 649 455 Total $ 4,038 $ 2,325 $ 1,509

RETIREMENT BENEFIT PLANS (Table

RETIREMENT BENEFIT PLANS (Tables)	12 Months Ended
	Dec. 31, 2021
Retirement Benefit Plans [Abstract]
Schedule of Costs of Retirement Plans	The following table summarizes our estimated benefit obligation as of December 31, 2021. Service costs are recorded in Operating expenses, and interest costs are recorded in Other (expense) income in the Combined Consolidated Statements of Operations. Pension Benefits Postretirement Benefits Benefit obligation as of January 1, 2021 $ — $ — Transtar acquisition 9,055 28,488 Service costs 712 864 Interest costs 108 337 Actuarial (gains) losses (20 ) 344 Benefit paid (50 ) — Benefit obligation as of December 31, 2021 $ 9,805 $ 30,033
Schedule Of Estimated Benefit Obligation Weighted Average Assumptions	Weighted-average assumptions used to determine the estimated benefit obligation and period costs as of and for the year ended December 31, 2021 are as follows: Pension Benefits Postretirement Benefits Weighted-average assumptions used to determine pension benefit obligation: Discount rate 3.02 % 3.00 % Rate of compensation increase 3.50 % N/A Average future working lifetime (years) N/A 11.34 Initial healthcare cost trend rate - Pre-Medicare N/A 10.00 % Initial healthcare cost trend rate - Medicare eligible N/A 3.00 % Ultimate healthcare cost trend rate N/A 3.94 % Year ultimate healthcare cost trend rate is reached N/A 2075 Weighted-average assumptions used to determine net periodic pension and postretirement costs: Discount rate 2.88 % 2.86 % Rate of compensation increases 3.50 % N/A Average future working lifetime (years) 10.93 11.34 Initial healthcare cost trend rate N/A 6.00 % Ultimate healthcare cost trend rate N/A 3.80 % Year ultimate healthcare cost trend rate is reached N/A 2075
Schedule of Expected Benefit Payments	The following benefit payments, which reflect expected future service and compensation increases, as appropriate, are expected to be made from the Transtar defined benefit plans: Pension Benefits Postretirement Benefits 2022 $ 51 $ 102 2023 143 173 2024 261 251 2025 390 354 2026 496 451 Years 2027-2031 4,501 3,252

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense	The current and deferred components of the income tax (benefit) provision included in the Combined Consolidated Statements of Operations are as follows: Year Ended December 31, 2021 2020 2019 Current: Federal $ 13 $ 4 $ (9 ) State and local 224 329 243 Foreign — (41 ) 54 Total current provision 237 292 288 Deferred: Federal (3,820 ) (2,272 ) 14,097 State and local (44 ) — (1 ) Foreign (3 ) (4 ) — Total deferred (benefit) provision (3,867 ) (2,276 ) 14,096 Total $ (3,630 ) $ (1,984 ) $ 14,384
Schedule of Effective Income Tax Rate Reconciliation	The difference between our reported total provision for income taxes and the U.S. federal statutory rate of 21% is as follows: Year Ended December 31, 2021 2020 2019 U.S. federal tax at statutory rate 21.00 % 21.00 % 21.00 % Income not subject to tax at statutory rate 4.77 % 4.15 % (212.63 )% State and local taxes (0.22 )% (0.45 )% 7.44 % Foreign taxes — % 0.06 % 1.67 % Other (4.43 )% 0.06 % 10.99 % Change in valuation allowance (17.75 )% (22.13 )% 614.62 % Provision for income taxes 3.37 % 2.69 % 443.09 %
Schedule of Deferred Tax Assets and Liabilities	Significant components of our deferred tax assets and liabilities are as follows: December 31, 2021 2020 Deferred tax assets: Net operating loss carryforwards $ 112,999 $ 85,174 Accrued expenses 2,275 469 Interest expense 23,483 25,488 Operating lease liabilities 23,503 10,119 Investment in partnerships 15,524 — Other 803 2,619 Total deferred tax assets 178,587 123,869 Less valuation allowance (137,771 ) (94,139 ) Net deferred tax assets 40,816 29,730 Deferred tax liabilities: Investment in partnerships — (14,982 ) Fixed assets and goodwill (16,900 ) (9,550 ) Operating lease right-of-use assets (23,772 ) (10,062 ) Net deferred tax assets (liabilities) $ 144 $ (4,864 )
Summary of Valuation Allowance	A summary of the changes in the valuation allowance is as follows: December 31, 2021 2020 Valuation allowance at beginning of period $ 94,139 $ 81,313 Change due to current year losses 43,632 12,826 Valuation allowance at end of period $ 137,771 $ 94,139

MANAGEMENT AGREEMENT AND AFFI_2

MANAGEMENT AGREEMENT AND AFFILIATE TRANSACTIONS (Tables)	12 Months Ended
	Dec. 31, 2021
Related Party Transactions [Abstract]
Schedule of Related Party Transactions	The following table summarizes the management fees, income incentive allocation and capital gains incentive allocation included in these combined consolidated financial statements: Year Ended December 31, 2021 2020 2019 Management fees $ 15,638 $ 13,073 $ 10,722 Capital gains incentive allocation — — 5,819 Total $ 15,638 $ 13,073 $ 16,541 A portion of these reimbursable expenses that the Parent paid to the Manager and are attributable to FTAI Infrastructure are included in the combined consolidated financial statements as follows: Year Ended December 31, 2021 2020 2019 Classification in the Combined Consolidated Statements of Operations: General and administrative expenses $ 3,937 $ 4,053 $ 3,747 Acquisition and transaction expenses 1,105 682 714 Total $ 5,042 $ 4,735 $ 4,461 In addition to the above, the following corporate expenses, which were allocated from the Parent, are also included in the combined consolidated financial statements: Year Ended December 31, 2021 2020 2019 Classification in the Combined Consolidated Statements of Operations: General and administrative expenses $ 4,776 $ 4,469 $ 3,722 Acquisition and transaction expenses 10,880 69 3,412 Total $ 15,656 $ 4,538 $ 7,134 The following table presents the amount of this non-controlling interest share of net loss: Year Ended December 31, 2021 2020 2019 Non-controlling interest share of net loss $ (26,472 ) $ (16,522 ) $ (17,571 )

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2021
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	The following tables set forth certain information for each reportable segment: I. For the Year Ended December 31, 2021 Year Ended December 31, 2021 Ports and Terminals Railroad Jefferson Terminal Repauno Power and Gas Sustainability and Energy Transition Corporate and Other Total Revenues Total revenues $ 62,250 $ 46,352 $ 11,617 $ — $ — $ — $ 120,219 Expenses Operating expenses 35,824 48,255 14,304 99 — 59 98,541 General and administrative — — — — — 8,737 8,737 Acquisition and transaction expenses 2,841 — — — — 11,985 14,826 Management fees and incentive allocation to affiliate — — — — — 15,638 15,638 Depreciation and amortization 8,951 36,013 9,052 — — — 54,016 Total expenses 47,616 84,268 23,356 99 — 36,419 191,758 Other (expense) income Equity in (losses) earnings of unconsolidated entities — — — (13,597 ) (372 ) 470 (13,499 ) Gain on sale of assets, net — — 16 — — — 16 Interest expense (60 ) (14,812 ) (1,147 ) — — — (16,019 ) Other expense (422 ) (4,726 ) — (3,782 ) — — (8,930 ) Total other (expense) income (482 ) (19,538 ) (1,131 ) (17,379 ) (372 ) 470 (38,432 ) Income (loss) before income taxes 14,152 (57,454 ) (12,870 ) (17,478 ) (372 ) (35,949 ) (109,971 ) Provision for (benefit from) income taxes 64 229 — (3,930 ) — 7 (3,630 ) Net income (loss) 14,088 (57,683 ) (12,870 ) (13,548 ) (372 ) (35,956 ) (106,341 ) Less: Net loss attributable to non-controlling interests in consolidated subsidiaries — (26,250 ) (222 ) — — — (26,472 ) Net income (loss) attributable to Parent $ 14,088 $ (31,433 ) $ (12,648 ) $ (13,548 ) $ (372 ) $ (35,956 ) $ (79,869 ) II. For the Year Ended December 31, 2020 Year Ended December 31, 2020 Ports and Terminals Railroad Jefferson Terminal Repauno Power and Gas Sustainability and Energy Transition Corporate and Other Total Revenues Total revenues $ 4,424 $ 60,283 $ 3,855 $ — $ — $ — $ 68,562 Expenses Operating expenses 5,992 53,072 8,971 1,356 — — 69,391 General and administrative — — — — — 8,522 8,522 Acquisition and transaction expenses — — — 907 — 751 1,658 Management fees and incentive allocation to affiliate — — — — — 13,073 13,073 Depreciation and amortization 583 29,034 1,497 — — — 31,114 Total expenses 6,575 82,106 10,468 2,263 — 22,346 123,758 Other (expense) income Equity in (losses) earnings of unconsolidated entities — — — (3,222 ) — 115 (3,107 ) Loss on sale of assets, net — (8 ) — — — — (8 ) Loss on extinguishment of debt — (4,724 ) — — — — (4,724 ) Interest expense (3 ) (9,426 ) (1,335 ) — — — (10,764 ) Other income — 92 — — — — 92 Total other (expense) income (3 ) (14,066 ) (1,335 ) (3,222 ) — 115 (18,511 ) Loss before income taxes (2,154 ) (35,889 ) (7,948 ) (5,485 ) — (22,231 ) (73,707 ) Provision for (benefit from) income taxes — 278 — (2,265 ) — 3 (1,984 ) Net loss (2,154 ) (36,167 ) (7,948 ) (3,220 ) — (22,234 ) (71,723 ) Less: Net loss attributable to non-controlling interests in consolidated subsidiaries — (16,483 ) (39 ) — — — (16,522 ) Net loss attributable to Parent $ (2,154 ) $ (19,684 ) $ (7,909 ) $ (3,220 ) $ — $ (22,234 ) $ (55,201 ) III. For the Year Ended December 31, 2019 Year Ended December 31, 2019 Ports and Terminals Railroad Jefferson Terminal Repauno Power and Gas Sustainability and Energy Transition Corporate and Other Total Revenues Total revenues $ 2,917 $ 204,348 $ 7,886 $ 14,301 $ — $ — $ 229,452 Expenses Operating expenses 4,549 231,506 9,599 15,255 — — 260,909 General and administrative — — — — — 7,469 7,469 Acquisition and transaction expenses — — — 5,008 — 4,126 9,134 Management fees and incentive allocation to affiliate — — — — — 16,541 16,541 Depreciation and amortization 405 22,873 1,480 8,370 — — 33,128 Asset impairment — — — 4,726 — — 4,726 Total expenses 4,954 254,379 11,079 33,359 — 28,136 331,907 Other income (expense) Equity in losses of unconsolidated entities — (292 ) — (192 ) — (62 ) (546 ) Gain on sale of assets, net — 4,636 — 116,660 — — 121,296 Interest expense (6 ) (16,189 ) (1,373 ) (339 ) — — (17,907 ) Other income 6 752 — 2,098 — 1 2,857 Total other (expense) income — (11,093 ) (1,373 ) 118,227 — (61 ) 105,700 (Loss) income before income taxes (2,037 ) (61,124 ) (4,566 ) 99,169 — (28,197 ) 3,245 Provision for (benefit from) income taxes — 284 — 14,106 — (6 ) 14,384 Net (loss) income (2,037 ) (61,408 ) (4,566 ) 85,063 — (28,191 ) (11,139 ) Less: Net loss attributable to non-controlling interests in consolidated subsidiaries — (17,356 ) (215 ) — — — (17,571 ) Net (loss) income attributable to Parent $ (2,037 ) $ (44,052 ) $ (4,351 ) $ 85,063 $ — $ (28,191 ) $ 6,432
Reconciliation of Operating Profit (Loss) from Segments to Consolidated	The Year Ended December 31, 2021 Ports and Terminals Railroad Jefferson Terminal Repauno Power and Gas Sustainability and Energy Transition Corporate and Other Total Adjusted EBITDA $ 26,449 $ 10,631 $ (4,149 ) $ 25,524 $ (372 ) $ (24,372 ) $ 33,711 Add: Non-controlling share of Adjusted EBITDA 12,508 Add: Equity in losses of unconsolidated entities (13,499 ) Less: Interest costs on pension and OPEB liabilities (445 ) Less: Pro-rata share of Adjusted EBITDA from unconsolidated entities (29,095 ) Less: Interest expense (16,019 ) Less: Depreciation and amortization expense (54,016 ) Less: Incentive allocations — Less: Asset impairment charges — Less: Changes in fair value of non-hedge derivative instruments 2,220 Less: Losses on the modification or extinguishment of debt and capital lease obligations — Less: Acquisition and transaction expenses (14,826 ) Less: Equity-based compensation expense (4,038 ) Less: Benefit from income taxes 3,630 Net loss attributable to Parent $ (79,869 ) The Year Ended December 31, 2020 Ports and Terminals Railroad Jefferson Terminal Repauno Power and Gas Sustainability and Energy Transition Corporate and Other Total Adjusted EBITDA $ (1,568 ) $ 16,118 $ (4,548 ) $ 1,948 $ — $ (21,759 ) $ (9,809 ) Add: Non-controlling share of Adjusted EBITDA 9,637 Add: Equity in losses of unconsolidated entities (3,107 ) Less: Interest costs on pension and OPEB liabilities — Less: Pro-rata share of Adjusted EBITDA from unconsolidated entities (3,140 ) Less: Interest expense (10,764 ) Less: Depreciation and amortization expense (31,114 ) Less: Incentive allocations — Less: Asset impairment charges — Less: Changes in fair value of non-hedge derivative instruments (181 ) Less: Losses on the modification or extinguishment of debt and capital lease obligations (4,724 ) Less: Acquisition and transaction expenses (1,658 ) Less: Equity-based compensation expense (2,325 ) Less: Benefit from income taxes 1,984 Net loss attributable to Parent $ (55,201 ) The Year Ended December 31, 2019 Ports and Terminals Railroad Jefferson Terminal Repauno Power and Gas Sustainability and Energy Transition Corporate and Other Total Adjusted EBITDA $ (1,626 ) $ (6,160 ) $ (1,082 ) $ 115,842 $ — $ (18,251 ) $ 88,723 Add: Non-controlling share of Adjusted EBITDA 9,859 Add: Equity in losses of unconsolidated entities (546 ) Less: Interest costs on pension and OPEB liabilities — Less: Pro-rata share of Adjusted EBITDA from unconsolidated entities (442 ) Less: Interest expense (17,907 ) Less: Depreciation and amortization expense (33,128 ) Less: Incentive allocations (5,819 ) Less: Asset impairment charges (4,726 ) Less: Changes in fair value of non-hedge derivative instruments (4,555 ) Less: Losses on the modification or extinguishment of debt and capital lease obligations — Less: Acquisition and transaction expenses (9,134 ) Less: Equity-based compensation expense (1,509 ) Less: Provision for income taxes (14,384 ) Net income attributable to Parent $ 6,432
Reconciliation of Other Significant Reconciling Items from Segments to Consolidated	The following tables sets forth the summarized balance sheet. All property, plant and equipment and leasing equipment are located in North America. December 31, 2021 Ports and Terminals Railroad Jefferson Terminal Repauno Power and Gas Sustainability and Energy Transition Corporate and Other Total Current assets $ 72,965 $ 296,753 $ 34,943 $ 357 $ 7,680 $ 286 $ 412,984 Non-current assets 695,632 987,678 281,599 — 53,152 11,256 2,029,317 Total assets 768,597 1,284,431 316,542 357 60,832 11,542 2,442,301 Debt, net — 693,624 25,000 — — — 718,624 Current liabilities 56,690 67,612 5,135 19 — 11 129,467 Non-current liabilities 52,180 753,113 27,965 17,530 — — 850,788 Total liabilities 108,870 820,725 33,100 17,549 — 11 980,255 Non-controlling interests in equity of consolidated subsidiaries — (2,604 ) 1,888 — — 625 (91 ) Total equity 659,727 463,706 283,442 (17,192 ) 60,832 11,531 1,462,046 Total liabilities and equity $ 768,597 $ 1,284,431 $ 316,542 $ 357 $ 60,832 $ 11,542 $ 2,442,301 December 31, 2020 Ports and Terminals Railroad Jefferson Terminal Repauno Power and Gas Sustainability and Energy Transition Corporate and Other Total Current assets $ 1,293 $ 79,288 $ 2,928 $ 8 $ — $ 998 $ 84,515 Non-current assets 5,320 910,640 270,642 126,639 — 1,254 1,314,495 Total assets 6,613 989,928 273,570 126,647 — 2,252 1,399,010 Debt, net — 253,473 25,000 — — — 278,473 Current liabilities 809 52,242 29,271 32 — 3 82,357 Non-current liabilities — 313,387 3,000 4,869 — — 321,256 Total liabilities 809 365,629 32,271 4,901 — 3 403,613 Non-controlling interests in equity of consolidated subsidiaries — 20,947 1,396 — — 22,343 Total equity 5,804 624,299 241,299 121,746 — 2,249 995,397 Total liabilities and equity $ 6,613 $ 989,928 $ 273,570 $ 126,647 $ — $ 2,252 $ 1,399,010

BACKGROUND AND BASIS OF PRESE_2

BACKGROUND AND BASIS OF PRESENTATION (Details) - 12 months ended Dec. 31, 2021	freightRailroad	switchingCompany	Venture	segment
Segment Reporting Information [Line Items]
Number of ventures in developing battery and metal recycling technology | Venture			2
Number of reportable segments | segment				5
Railroad
Segment Reporting Information [Line Items]
Number of segment components	5	1

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES- Narrative (Details) $ in Thousands, bbl in Millions	12 Months Ended
	Dec. 31, 2021 USD ($) Customer	Dec. 31, 2020 USD ($) Customer	Dec. 31, 2019 USD ($) Customer	Oct. 31, 2021 bbl
Accounting Policies [Line Items]
Total assets	$ 2,442,301	$ 1,399,010
Liabilities	980,255	403,613
Other current assets	60,828	24,142
Capitalized interest	8,200	20,000	$ 11,800
Repairs and maintenance costs	5,900	2,900	4,800
Goodwill	257,137	122,735
Barrels for storage capacity in operation | bbl				4.3
Number of barrels for storage, under construction | bbl				1.9
Goodwill, impairment	$ 0	0	0
Intangible asset, weighted average remaining amortization period	154 months
Unamortized deferred financing costs	$ 21,456	10,507
Amortization of deferred financing costs	2,599	1,542	3,690
Revenues	120,219	68,562	$ 229,452
Other assets	24,882	17,003
Environmental liabilities	4,100	0
Insurance premium liabilities	$ 1,700	1,500
Percentage of unrecognized actuarial net gains or losses	10%
Measurement Input, Discount Rate | Goodwill
Accounting Policies [Line Items]
Alternative investment, measurement input	0.09
Measurement Input, Growth Rate | Goodwill
Accounting Policies [Line Items]
Alternative investment, measurement input	0.02
Minimum
Accounting Policies [Line Items]
Intangible assets, estimated useful life	5 years
Minimum | Jefferson Terminal
Accounting Policies [Line Items]
Percentage of fair value exceeding carrying value	10%
Maximum
Accounting Policies [Line Items]
Intangible assets, estimated useful life	15 years
Maximum | Jefferson Terminal
Accounting Policies [Line Items]
Percentage of fair value exceeding carrying value	20%
CarbonFree
Accounting Policies [Line Items]
Other assets	$ 10,000
Other Assets
Accounting Policies [Line Items]
Commodities inventory	6,800	100
Purchase deposits	17,200	18,200
Notes receivable	7,500	700
Prepaid expense	17,400	4,200
Other current assets	$ 11,900	$ 900
Customer Concentration Risk | Sales Revenue, Segment | Jefferson Terminal
Accounting Policies [Line Items]
Number of customers | Customer	1	1	1
Customer Concentration Risk | Sales Revenue, Segment | Railroad
Accounting Policies [Line Items]
Number of customers | Customer	1
Customer Concentration Risk | Accounts Receivable | Jefferson Terminal
Accounting Policies [Line Items]
Number of customers | Customer	2	2
Customer Concentration Risk | Accounts Receivable | Railroad
Accounting Policies [Line Items]
Number of customers | Customer	2
Customer One | Customer Concentration Risk | Sales Revenue, Segment | Jefferson Terminal
Accounting Policies [Line Items]
Concentration risk	15%	40%	48%
Customer One | Customer Concentration Risk | Sales Revenue, Segment | Railroad
Accounting Policies [Line Items]
Concentration risk	45%
Two Customers | Customer Concentration Risk | Accounts Receivable
Accounting Policies [Line Items]
Concentration risk	48%	63%
Crude marketing revenues
Accounting Policies [Line Items]
Revenues		$ 8,200	$ 166,100
Cost of sales		8,200	$ 173,000
Delaware River Partners LLC | Variable Interest Entity, Primary Beneficiary
Accounting Policies [Line Items]
Interest held in VIE, as a percentage	100%
Total assets	$ 316,500	273,600
Liabilities	$ 32,600	$ 32,200

SUMMARY OF SIGNIFICANT ACCOUN_5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES- Useful Life (Details) - Variable Interest Entity, Primary Beneficiary - Delaware River Partners LLC	12 Months Ended
	Dec. 31, 2021
Property, Plant and Equipment [Line Items]
Ownership Percentage	98%
Railcars and locomotives | Minimum
Property, Plant and Equipment [Line Items]
Estimated remaining useful life in years	40 years
Railcars and locomotives | Maximum
Property, Plant and Equipment [Line Items]
Estimated remaining useful life in years	50 years
Track and track related assets | Minimum
Property, Plant and Equipment [Line Items]
Estimated remaining useful life in years	15 years
Track and track related assets | Maximum
Property, Plant and Equipment [Line Items]
Estimated remaining useful life in years	50 years
Bridges and Tunnels | Minimum
Property, Plant and Equipment [Line Items]
Estimated remaining useful life in years	15 years
Bridges and Tunnels | Maximum
Property, Plant and Equipment [Line Items]
Estimated remaining useful life in years	55 years
Buildings and site improvements | Minimum
Property, Plant and Equipment [Line Items]
Estimated remaining useful life in years	20 years
Buildings and site improvements | Maximum
Property, Plant and Equipment [Line Items]
Estimated remaining useful life in years	30 years
Railroad equipment | Minimum
Property, Plant and Equipment [Line Items]
Estimated remaining useful life in years	3 years
Railroad equipment | Maximum
Property, Plant and Equipment [Line Items]
Estimated remaining useful life in years	15 years
Terminal machinery and equipment | Minimum
Property, Plant and Equipment [Line Items]
Estimated remaining useful life in years	15 years
Terminal machinery and equipment | Maximum
Property, Plant and Equipment [Line Items]
Estimated remaining useful life in years	25 years
Vehicles | Minimum
Property, Plant and Equipment [Line Items]
Estimated remaining useful life in years	5 years
Vehicles | Maximum
Property, Plant and Equipment [Line Items]
Estimated remaining useful life in years	7 years
Furniture and fixtures | Minimum
Property, Plant and Equipment [Line Items]
Estimated remaining useful life in years	3 years
Furniture and fixtures | Maximum
Property, Plant and Equipment [Line Items]
Estimated remaining useful life in years	6 years
Computer hardware and software | Minimum
Property, Plant and Equipment [Line Items]
Estimated remaining useful life in years	2 years
Computer hardware and software | Maximum
Property, Plant and Equipment [Line Items]
Estimated remaining useful life in years	5 years

ACQUISITION OF TRANSTAR, LLC. -

ACQUISITION OF TRANSTAR, LLC. - Narrative (Details) $ in Thousands					12 Months Ended
	Jul. 28, 2021 USD ($)	Jul. 28, 2021 USD ($)	Jul. 28, 2021 USD ($) freightRailroad	Jul. 28, 2021 USD ($) switchingCompany	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 USD ($)
Business Acquisition [Line Items]
Cash consideration					$ 627,090	$ 0	$ 0
Transaction related costs					14,826	1,658	$ 9,134
Debt, net					$ 718,624	$ 278,473
Bridge Loans
Business Acquisition [Line Items]
Debt, net	$ 650,000	$ 650,000	$ 650,000	$ 650,000
Maximum
Business Acquisition [Line Items]
Period for closing of business combination					12 months
Railroad
Business Acquisition [Line Items]
Percent interest acquired	100%	100%	100%	100%
Cash consideration		$ 636,000
Number of segment components			5	1
Consideration term	15 years
Consideration, minimum volume commitments term	5 years
Transaction related costs					$ 9,800

ACQUISITION OF TRANSTAR, LLC._2

ACQUISITION OF TRANSTAR, LLC. - Schedule of Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Jul. 28, 2021	Dec. 31, 2020
Business Acquisition [Line Items]
Goodwill	$ 257,137		$ 122,735
Railroad
Business Acquisition [Line Items]
Cash and cash equivalents		$ 8,918
Accounts receivable		18,625
Operating lease right-of-use assets		12,231
Property, plant and equipment		490,561
Intangible assets		60,000
Other assets		15,008
Total assets		605,343
Accounts payable and accrued liabilities		47,010
Operating lease liabilities		10,689
Pension and other postretirement benefits		37,552
Other liabilities		8,487
Total liabilities		103,738
Goodwill		134,402
Total purchase consideration		$ 636,007

ACQUISITION OF TRANSTAR, LLC._3

ACQUISITION OF TRANSTAR, LLC. - Intangible Assets Acquired (Details) - USD ($) $ in Thousands	Jul. 28, 2021	Dec. 31, 2021	Dec. 31, 2020
Business Acquisition [Line Items]
Fair value		$ 67,737	$ 13,028
Railroad
Business Acquisition [Line Items]
Estimated useful life in years	15 years
Fair value	$ 60,000

ACQUISITION OF TRANSTAR, LLC._4

ACQUISITION OF TRANSTAR, LLC. - Property, Plant, and Equipment Acquired (Details) - USD ($) $ in Thousands	Jul. 28, 2021	Dec. 31, 2021	Dec. 31, 2020
Business Acquisition [Line Items]
Property, plant, and equipment, net		$ 1,517,594	$ 940,258
Railroad
Business Acquisition [Line Items]
Property, plant, and equipment, net	$ 490,561
Railroad | Railcars
Business Acquisition [Line Items]
Property, plant, and equipment, net	112,981
Railroad | Track and track related assets
Business Acquisition [Line Items]
Property, plant, and equipment, net	90,904
Railroad | Land, site improvements and rights
Business Acquisition [Line Items]
Property, plant, and equipment, net	87,450
Railroad | Bridges and tunnels
Business Acquisition [Line Items]
Property, plant, and equipment, net	174,889
Railroad | Buildings and improvements
Business Acquisition [Line Items]
Property, plant, and equipment, net	12,448
Railroad | Railroad equipment
Business Acquisition [Line Items]
Property, plant, and equipment, net	2,725
Railroad | Terminal machinery and equipment
Business Acquisition [Line Items]
Property, plant, and equipment, net	3,325
Railroad | Vehicles
Business Acquisition [Line Items]
Property, plant, and equipment, net	3,740
Railroad | Construction in progress
Business Acquisition [Line Items]
Property, plant, and equipment, net	1,928
Railroad | Computer hardware and software
Business Acquisition [Line Items]
Property, plant, and equipment, net	$ 171
Minimum | Railroad | Railcars
Business Acquisition [Line Items]
Estimated remaining useful life in years	1 year
Minimum | Railroad | Track and track related assets
Business Acquisition [Line Items]
Estimated remaining useful life in years	1 year
Minimum | Railroad | Bridges and tunnels
Business Acquisition [Line Items]
Estimated remaining useful life in years	15 years
Minimum | Railroad | Buildings and improvements
Business Acquisition [Line Items]
Estimated remaining useful life in years	3 years
Minimum | Railroad | Railroad equipment
Business Acquisition [Line Items]
Estimated remaining useful life in years	2 years
Minimum | Railroad | Terminal machinery and equipment
Business Acquisition [Line Items]
Estimated remaining useful life in years	2 years
Minimum | Railroad | Vehicles
Business Acquisition [Line Items]
Estimated remaining useful life in years	2 years
Minimum | Railroad | Computer hardware and software
Business Acquisition [Line Items]
Estimated remaining useful life in years	2 years
Maximum | Railroad | Railcars
Business Acquisition [Line Items]
Estimated remaining useful life in years	40 years
Maximum | Railroad | Track and track related assets
Business Acquisition [Line Items]
Estimated remaining useful life in years	40 years
Maximum | Railroad | Bridges and tunnels
Business Acquisition [Line Items]
Estimated remaining useful life in years	55 years
Maximum | Railroad | Buildings and improvements
Business Acquisition [Line Items]
Estimated remaining useful life in years	25 years
Maximum | Railroad | Railroad equipment
Business Acquisition [Line Items]
Estimated remaining useful life in years	15 years
Maximum | Railroad | Terminal machinery and equipment
Business Acquisition [Line Items]
Estimated remaining useful life in years	15 years
Maximum | Railroad | Vehicles
Business Acquisition [Line Items]
Estimated remaining useful life in years	5 years
Maximum | Railroad | Computer hardware and software
Business Acquisition [Line Items]
Estimated remaining useful life in years	5 years

ACQUISITION OF TRANSTAR, LLC._5

ACQUISITION OF TRANSTAR, LLC. - Pro Forma Information (Details) - Railroad - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Business Acquisition [Line Items]
Total revenue	$ 199,762	$ 183,744
Net loss attributable to Parent	$ (56,717)	$ (39,349)

LEASING EQUIPMENT, NET (Details

LEASING EQUIPMENT, NET (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Leases [Line Items]
Leasing equipment, net	$ 36,012	$ 37,116
Leasing Equipment
Leases [Line Items]
Leasing equipment	44,179	44,179
Less: Accumulated depreciation	(8,167)	(7,063)
Leasing equipment, net	36,012	37,116
Depreciation expense for leasing equipment	$ 1,103	$ 1,106	$ 1,108

PROPERTY, PLANT AND EQUIPMENT_3

PROPERTY, PLANT AND EQUIPMENT, NET (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 1,661,615	$ 1,036,685
Less: Accumulated depreciation	(144,021)	(96,427)
Property, plant and equipment, net	1,517,594	940,258
Land, site improvements and rights
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	149,914	52,047
Construction in progress
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	118,081	401,729
Buildings and improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	19,164	4,491
Bridges and Tunnels
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	174,889	0
Terminal machinery and equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	962,552	557,788
Track and track related assets
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	100,014	2,349
Railroad equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	8,331	5,560
Railcars and locomotives
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	111,574	0
Computer hardware and software
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	5,335	5,101
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	1,745	1,750
Other
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 10,016	$ 5,870

PROPERTY, PLANT AND EQUIPMENT_4

PROPERTY, PLANT AND EQUIPMENT, NET - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Property, Plant and Equipment [Abstract]
Property, plant and equipment acquired	$ 624.9	$ 239.8
Depreciation expense	$ 47.6	$ 26.5	$ 28.5

INVESTMENTS - Ownership Carryin

INVESTMENTS - Ownership Carrying Values (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Nov. 30, 2021	Jul. 31, 2020
Schedule of Equity Method Investments [Line Items]
Carrying Value	$ 54,408	$ 123,794
Other-than-temporary impairments	$ 0	0	$ 0
Long Ridge Terminal LLC
Schedule of Equity Method Investments [Line Items]
Ownership Percentage	50%		50.10%
Carrying Value	$ 0	122,539
Long Ridge Terminal LLC | Other Liabilities
Schedule of Equity Method Investments [Line Items]
Carrying Value	$ 17,500
FYX Trust Holdco LLC
Schedule of Equity Method Investments [Line Items]
Ownership Percentage	14%				14%
Carrying Value	$ 1,255	1,255			$ 1,300
GM-FTAI Holdco LLC
Schedule of Equity Method Investments [Line Items]
Carrying Value	$ 52,295	0
Clean Planet Energy USA LLC
Schedule of Equity Method Investments [Line Items]
Ownership Percentage	50%			50%
Carrying Value	$ 858	$ 0		$ 1,000

INVESTMENTS - Share of Equity o

INVESTMENTS - Share of Equity of Income (Loss) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Schedule of Equity Method Investments [Line Items]
Equity in losses of unconsolidated entities	$ (13,499)	$ (3,107)	$ (546)
JGP Energy Partners LLC
Schedule of Equity Method Investments [Line Items]
Equity in losses of unconsolidated entities	0	0	(292)
Intermodal Finance I, Ltd.
Schedule of Equity Method Investments [Line Items]
Equity in losses of unconsolidated entities	470	115	(62)
Long Ridge Terminal LLC
Schedule of Equity Method Investments [Line Items]
Equity in losses of unconsolidated entities	(13,597)	(3,222)	(192)
GM-FTAI Holdco LLC
Schedule of Equity Method Investments [Line Items]
Equity in losses of unconsolidated entities	(205)	0	0
Clean Planet Energy USA LLC
Schedule of Equity Method Investments [Line Items]
Equity in losses of unconsolidated entities	$ (167)	$ 0	$ 0

INVESTMENTS - Narrative (Detail

INVESTMENTS - Narrative (Details) $ in Thousands	1 Months Ended		12 Months Ended
	Sep. 30, 2021 USD ($)	Dec. 31, 2019 USD ($)	Dec. 31, 2019 USD ($)	Dec. 31, 2012	Dec. 31, 2021 USD ($) ShippingContainer	Nov. 30, 2021 USD ($)	Dec. 31, 2020 USD ($)	Jul. 31, 2020 USD ($)	Dec. 30, 2016
Schedule of Equity Method Investments [Line Items]
Carrying value					$ 54,408		$ 123,794
Intermodal Finance I, Ltd.
Schedule of Equity Method Investments [Line Items]
Ownership Percentage				51%
Existing substantive participation rights percentage				49%
Number of components owned in portfolio | ShippingContainer					500
Long Ridge Terminal LLC
Schedule of Equity Method Investments [Line Items]
Carrying value					$ 0		122,539
Ownership Percentage		50.10%	50.10%		50%
Ownership percentage sold		49.90%
Proceeds from sale of equity method investments		$ 150,000
Gain related to Long Ridge transaction		116,700
Equity method investment contribution amount		$ 155,600
GM-FTAI Holdco LLC
Schedule of Equity Method Investments [Line Items]
Carrying value					$ 52,295		0
Payments to acquire equity method investments	$ 52,500
GM-FTAI Holdco LLC | Class A
Schedule of Equity Method Investments [Line Items]
Ownership Percentage	1%
GM-FTAI Holdco LLC | Class B
Schedule of Equity Method Investments [Line Items]
Ownership Percentage	50%
Gladieux Metals Recycling ("GMR") | Class A | GM-FTAI Holdco LLC
Schedule of Equity Method Investments [Line Items]
Ownership Percentage					1%
JGP Energy Partners LLC
Schedule of Equity Method Investments [Line Items]
Ownership Percentage									50%
Gain related to Long Ridge transaction			$ 4,600
Remaining ownership amount purchased		50%
Payments to acquire equity method investments		$ 30,000
Additional goodwill recorded			$ 6,600
Aleon Renewable Metals LLC ("Aleon") | GM-FTAI Holdco LLC
Schedule of Equity Method Investments [Line Items]
Ownership Percentage	100%
Aleon Renewable Metals LLC ("Aleon") | Class B | GM-FTAI Holdco LLC
Schedule of Equity Method Investments [Line Items]
Ownership Percentage					50%
Clean Planet Energy USA LLC
Schedule of Equity Method Investments [Line Items]
Carrying value					$ 858	$ 1,000	0
Ownership Percentage					50%	50%
FYX Trust Holdco LLC
Schedule of Equity Method Investments [Line Items]
Carrying value					$ 1,255		$ 1,255	$ 1,300
Ownership Percentage					14%			14%

INVESTMENTS - Equity Method Inv

INVESTMENTS - Equity Method Investment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Assets
Cash and cash equivalents	$ 49,872	$ 15,706
Restricted cash	251,983	39,715
Accounts receivable, net	50,301	4,952
Other current assets	60,828	24,142
Total current assets	412,984	84,515
Property, plant, and equipment, net	1,517,594	940,258
Intangible assets, net	67,737	13,028
Goodwill	257,137	122,735
Other assets	24,882	17,003
Total assets	2,442,301	1,399,010
Liabilities
Accounts payable and accrued liabilities	115,634	52,276
Other current liabilities	10,934	4,189
Total current liabilities	129,467	82,357
Debt, net	718,624	253,473
Total liabilities	980,255	403,613
Equity
Total liabilities and equity	2,442,301	1,399,010
Income Statement [Abstract]
Total revenues	120,219	68,562	$ 229,452
Operating expenses	98,541	69,391	260,909
Depreciation and amortization	54,016	31,114	33,128
Interest expense	16,019	10,764	17,907
Total expenses	191,758	123,758	331,907
Other expense	(38,432)	(18,511)	105,700
Loss before income taxes	(109,971)	(73,707)	3,245
Less: Provision for income taxes	3,630	1,984	(14,384)
Net loss	(106,341)	(71,723)	$ (11,139)
Long Ridge Terminal LLC
Assets
Cash and cash equivalents	2,932	3,057
Restricted cash	32,469	26,920
Accounts receivable, net	17,896	5,711
Other current assets	8,857	787
Total current assets	62,154	36,475
Property, plant, and equipment, net	764,607	612,234
Intangible assets, net	4,940	5,320
Goodwill	89,390	89,390
Other assets	5,584	8,597
Total assets	926,675	752,016
Liabilities
Accounts payable and accrued liabilities	16,121	25,173
Other current liabilities	47,626	253
Total current liabilities	63,747	25,426
Debt, net	604,261	445,733
Other liabilities	293,653	36,262
Total liabilities	961,661	507,421
Equity
Total equity	(34,986)	244,595
Total liabilities and equity	926,675	752,016
Income Statement [Abstract]
Total revenues	85,638	24,917
Operating expenses	28,310	16,339
Depreciation and amortization	24,836	11,004
Interest expense	11,005	2,037
Total expenses	64,151	29,380
Other expense	(44,302)	(1,967)
Loss before income taxes	(22,815)	(6,430)
Less: Provision for income taxes	0	0
Net loss	$ (22,815)	$ (6,430)

INTANGIBLE ASSETS AND LIABILI_3

INTANGIBLE ASSETS AND LIABILITIES, NET- Summarized Intangible Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Intangible assets:
Intangible assets	$ 95,513	$ 35,513
Less: Accumulated amortization	(27,776)	(22,485)
Intangible assets, net	67,737	13,028
Jefferson Terminal
Intangible assets:
Intangible assets	35,513	35,513
Less: Accumulated amortization	(26,038)	(22,485)
Intangible assets, net	9,475	13,028
Railroad
Intangible assets:
Intangible assets	60,000	0
Less: Accumulated amortization	(1,738)	0
Intangible assets, net	$ 58,262	$ 0

INTANGIBLE ASSETS AND LIABILI_4

INTANGIBLE ASSETS AND LIABILITIES, NET- Intangible Liabilities Amortization (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Depreciation and amortization
Finite-Lived Intangible Assets [Line Items]
Depreciation and amortization	$ 5,292	$ 3,553	$ 3,553

INTANGIBLE ASSETS AND LIABILI_5

INTANGIBLE ASSETS AND LIABILITIES, NET- Schedule of Future Amortization Expense (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
2022	$ 7,551
2023	7,551
2024	6,373
2025	4,000
2026	4,000
Thereafter	38,262
Intangible assets, net	$ 67,737	$ 13,028

DEBT, NET - Schedule of Debt (D

DEBT, NET - Schedule of Debt (Details) - USD ($) $ in Thousands		12 Months Ended
	Feb. 11, 2020	Dec. 31, 2021	Dec. 31, 2020	Dec. 20, 2018	Nov. 05, 2018
Debt Instrument [Line Items]
Debt		$ 740,080	$ 288,980
Less: Debt issuance costs		(21,456)	(10,507)
Total debt, net		718,624	278,473
Total debt due within one year		$ 0	25,000
Quarterly commitment fee rate		0.875%
DRP Revolver
Debt Instrument [Line Items]
Debt		$ 25,000			$ 25,000
Maturity Date		Nov. 05, 2024
EB-5 Loan Agreement
Debt Instrument [Line Items]
Debt		$ 26,100
Series 2020 Bonds
Debt Instrument [Line Items]
Debt		263,980
Series 2020 Bonds Due 2025
Debt Instrument [Line Items]
Stated Interest Rate	6%
Maturity Date	Jan. 01, 2025
Series 2021 Bonds
Debt Instrument [Line Items]
Debt		425,000
Total debt, net		425,000
Series 2021A Bonds Due 2050
Debt Instrument [Line Items]
Total debt, net		102,800
Series 2021B Bonds
Debt Instrument [Line Items]
Total debt, net		200,000
Loans payable
Debt Instrument [Line Items]
Debt		51,100	25,000
Total debt, net				$ 300
Loans payable | DRP Revolver
Debt Instrument [Line Items]
Debt		$ 25,000	25,000
Basis spread		2.75%
Maturity Date		Nov. 05, 2024
Loans payable | EB-5 Loan Agreement
Debt Instrument [Line Items]
Debt		$ 26,100	0
Stated Interest Rate		5.75%
Maturity Date		Jan. 25, 2026
Bonds payable
Debt Instrument [Line Items]
Debt		$ 688,980	263,980
Bonds payable | EB-5 Loan Agreement
Debt Instrument [Line Items]
Stated Interest Rate		5.75%
Bonds payable | Series 2020 Bonds
Debt Instrument [Line Items]
Debt		$ 263,980	263,980
Bonds payable | Series 2020 Bonds Due 2035
Debt Instrument [Line Items]
Stated Interest Rate		3.625%
Maturity Date		Jan. 01, 2035
Bonds payable | Series 2020 Bonds Due 2050
Debt Instrument [Line Items]
Stated Interest Rate		4%
Maturity Date		Jan. 01, 1950
Bonds payable | Series 2020 Bonds Due 2025
Debt Instrument [Line Items]
Stated Interest Rate		6%
Maturity Date		Jan. 01, 2025
Bonds payable | Series 2021 Bonds
Debt Instrument [Line Items]
Debt		$ 425,000	$ 0
Bonds payable | Series 2021A Bonds Due 2026 Through 2041
Debt Instrument [Line Items]
Stated Interest Rate		1.875%
Maturity Date		Jan. 01, 2026
Bonds payable | Series 2021A Bonds Due 2050
Debt Instrument [Line Items]
Stated Interest Rate		3%
Maturity Date		Jan. 01, 1950
Bonds payable | Series 2021B Bonds
Debt Instrument [Line Items]
Stated Interest Rate		4.10%
Maturity Date		Jan. 01, 2028
Eurodollar | Loans payable | DRP Revolver
Debt Instrument [Line Items]
Basis spread		3.75%

DEBT, NET - Narrative (Details)

DEBT, NET - Narrative (Details) $ in Thousands		12 Months Ended
	Feb. 11, 2020 USD ($)	Dec. 31, 2021 USD ($) Extension	Dec. 31, 2020 USD ($)	Dec. 31, 2019 USD ($)	Dec. 20, 2018 USD ($)	Nov. 05, 2018 USD ($)
Debt Instrument [Line Items]
Aggregate amount		$ 740,080	$ 288,980
Debt, net		$ 718,624	278,473
Number of term extensions | Extension		2
Loss on extinguishment of debt		$ 0	(4,724)	$ 0
Loans payable
Debt Instrument [Line Items]
Aggregate amount		51,100	25,000
Debt, net					$ 300
Bonds payable
Debt Instrument [Line Items]
Aggregate amount		688,980	263,980
DRP Revolver
Debt Instrument [Line Items]
Aggregate amount		$ 25,000				$ 25,000
Percentage of aggregate outstanding obligations		120%
Maturity date		Nov. 05, 2024
Maximum ratio of debt equity		3
Minimum consolidated cash balance		$ 3,000
2022		180,000
2023		190,000
Thereafter		200,000
DRP Revolver | Loans payable
Debt Instrument [Line Items]
Aggregate amount		$ 25,000	25,000
Maturity date		Nov. 05, 2024
EB-5 Loan Agreement
Debt Instrument [Line Items]
Aggregate amount		$ 26,100
Maturity term of loan		5 years
EB-5 Loan Agreement | Loans payable
Debt Instrument [Line Items]
Aggregate amount		$ 26,100	0
Maturity date		Jan. 25, 2026
Debt, face amount		$ 61,200
Stated rate		5.75%
EB-5 Loan Agreement | Bonds payable
Debt Instrument [Line Items]
Stated rate		5.75%
Debt instrument, interest rate percentage if maturity is extended		6.25%
EB-5 Loan Agreement Tranche One
Debt Instrument [Line Items]
Maturity term of loan		1 year
EB-5 Loan Agreement Tranche One | Loans payable
Debt Instrument [Line Items]
Debt, net		$ 26,100
EB-5 Loan Agreement Tranche Two
Debt Instrument [Line Items]
Maturity term of loan		1 year
EB-5 Loan Agreement Tranche Two | Loans payable
Debt Instrument [Line Items]
Debt, net		$ 35,100
Series 2020 Bonds
Debt Instrument [Line Items]
Aggregate amount		263,980
Debt, face amount	$ 264,000
Loss on extinguishment of debt	4,700
Series 2020 Bonds | Bonds payable
Debt Instrument [Line Items]
Aggregate amount		$ 263,980	263,980
Series 2020 A Dock And Wharf Facility Revenue Bonds
Debt Instrument [Line Items]
Debt, face amount	$ 184,900
Series 2020 A Maturing In 2035
Debt Instrument [Line Items]
Maturity date	Jan. 01, 2035
Debt, face amount	$ 53,500
Stated rate	3.625%
Series 2020 A Maturing in 2050
Debt Instrument [Line Items]
Maturity date	Jan. 01, 2050
Debt, face amount	$ 131,400
Stated rate	4%
Series 2020 Bonds Due 2025
Debt Instrument [Line Items]
Maturity date	Jan. 01, 2025
Stated rate	6%
Series 2020 Bonds Due 2025 | Bonds payable
Debt Instrument [Line Items]
Maturity date		Jan. 01, 2025
Stated rate		6%
Series 2020 B Taxable Facility Revenue Bonds
Debt Instrument [Line Items]
Debt, face amount	$ 79,100
Series 2021 Bonds
Debt Instrument [Line Items]
Aggregate amount		$ 425,000
Debt, net		425,000
Series 2021 Bonds | Bonds payable
Debt Instrument [Line Items]
Aggregate amount		425,000	$ 0
Series 2021 A Bonds
Debt Instrument [Line Items]
Debt, net		225,000
Series 2021B Bonds
Debt Instrument [Line Items]
Debt, net		$ 200,000
Series 2021B Bonds | Bonds payable
Debt Instrument [Line Items]
Maturity date		Jan. 01, 2028
Stated rate		4.10%
Series 2021 A Bonds Due 2026 Through 2031
Debt Instrument [Line Items]
Debt, net		$ 39,100
Series 2021 A Bonds Due 2026 | Bonds payable
Debt Instrument [Line Items]
Stated rate		1.875%
Series 2021 A Bonds Due 2031 | Bonds payable
Debt Instrument [Line Items]
Stated rate		2.625%
Series 2021 A Bonds Due 2036
Debt Instrument [Line Items]
Debt, net		$ 38,200
Series 2021 A Bonds Due 2036 | Bonds payable
Debt Instrument [Line Items]
Stated rate		2.75%
Series 2021 A Bonds Due 2041
Debt Instrument [Line Items]
Debt, net		$ 44,900
Series 2021 A Bonds Due 2041 | Bonds payable
Debt Instrument [Line Items]
Stated rate		2.875%
Series 2021A Bonds Due 2050
Debt Instrument [Line Items]
Debt, net		$ 102,800
Series 2021A Bonds Due 2050 | Bonds payable
Debt Instrument [Line Items]
Maturity date		Jan. 01, 1950
Stated rate		3%

DEBT, NET - Debt Maturities (De

DEBT, NET - Debt Maturities (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Nov. 05, 2018
Debt Instrument [Line Items]
Total debt, net	$ 740,080	$ 288,980
DRP Revolver
Debt Instrument [Line Items]
2022	0
2023	0
2024	25,000
2025	0
2026	0
Thereafter	0
Total debt, net	25,000		$ 25,000
EB-5 Loan Agreement
Debt Instrument [Line Items]
2022	0
2023	0
2024	0
2025	0
2026	26,100
Thereafter	0
Total debt, net	26,100
Series 2020 Bonds
Debt Instrument [Line Items]
2022	0
2023	0
2024	0
2025	79,060
2026	0
Thereafter	184,920
Total debt, net	263,980
Series 2021 Bonds
Debt Instrument [Line Items]
2022	0
2023	0
2024	0
2025	0
2026	9,025
Thereafter	415,975
Total debt, net	425,000
Loans and Bonds Payable
Debt Instrument [Line Items]
2022	0
2023	0
2024	25,000
2025	79,060
2026	35,125
Thereafter	600,895
Total debt, net	$ 740,080

FAIR VALUE MEASUREMENTS - Finan

FAIR VALUE MEASUREMENTS - Financial Assets Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Assets
Total assets	$ 304,075	$ 55,421
Level 1
Assets
Total assets	301,855	55,421
Level 2
Assets
Total assets	2,220	0
Level 3
Assets
Total assets	0	0
Market
Assets
Cash and cash equivalents	49,872	15,706
Restricted cash	251,983	39,715
Market | Level 1
Assets
Cash and cash equivalents	49,872	15,706
Restricted cash	251,983	39,715
Market | Level 2
Assets
Cash and cash equivalents	0	0
Restricted cash	0	0
Market | Level 3
Assets
Cash and cash equivalents	0	0
Restricted cash	0	$ 0
Income
Assets
Derivative assets	2,220
Income | Level 1
Assets
Derivative assets	0
Income | Level 2
Assets
Derivative assets	2,220
Income | Level 3
Assets
Derivative assets	$ 0

FAIR VALUE MEASUREMENTS (Fair V

FAIR VALUE MEASUREMENTS (Fair Value by Balance Sheet Grouping) (Details) - Estimate of Fair Value Measurement - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Series A 2020 Bonds
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable, fair value disclosure	$ 189,773	$ 186,306
Series B 2020 Bonds
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable, fair value disclosure	81,637	79,723
Series A 2021 Bonds
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable, fair value disclosure	222,023	0
Series B 2021 Bonds
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable, fair value disclosure	$ 194,278	$ 0

DERIVATIVE FINANCIAL INSTRUME_3

DERIVATIVE FINANCIAL INSTRUMENTS - Schedule of Derivative Instruments (Details) bbl in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021 USD ($) bbl	Dec. 31, 2020 USD ($)
Derivatives, Fair Value [Line Items]
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Other Assets, Current
Natural Gas Liquids
Derivatives, Fair Value [Line Items]
Notional Amount (BBL in thousands) | bbl	244
Fair Value of Assets | $	$ 2,220	$ 0
Minimum | Natural Gas Liquids
Derivatives, Fair Value [Line Items]
Remaining term	1 month
Maximum | Natural Gas Liquids
Derivatives, Fair Value [Line Items]
Remaining term	3 months

DERIVATIVE FINANCIAL INSTRUME_4

DERIVATIVE FINANCIAL INSTRUMENTS - Changes in Fair Value (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]		Gain (Loss) on sale of assets, net	Gain (Loss) on sale of assets, net
Transfers into of Level 3	$ 0	$ 0	$ 0
Transfers out of Level 3	0	0	0
Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance	0	181	6,545
Net losses recognized in earnings	0	(181)	(6,364)
Purchases	0	0	314
Sales	0	0	(674)
Settlements	0	0	360
Ending Balance	$ 0	$ 0	$ 181

REVENUES - Components of Revenu

REVENUES - Components of Revenue (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disaggregation of Revenue [Line Items]
Total revenues	$ 120,219	$ 68,562	$ 229,452
Corporate and Other
Disaggregation of Revenue [Line Items]
Total revenues	0	0	0
Lease income
Disaggregation of Revenue [Line Items]
Total revenues	2,424	1,186	3,362
Lease income | Corporate and Other
Disaggregation of Revenue [Line Items]
Total revenues	0	0	0
Rail revenues
Disaggregation of Revenue [Line Items]
Total revenues	61,514	4,424	2,917
Rail revenues | Corporate and Other
Disaggregation of Revenue [Line Items]
Total revenues	0	0	0
Terminal services revenues
Disaggregation of Revenue [Line Items]
Total revenues	45,038	50,887	42,965
Terminal services revenues | Corporate and Other
Disaggregation of Revenue [Line Items]
Total revenues	0	0	0
Crude marketing revenues
Disaggregation of Revenue [Line Items]
Total revenues	0	8,210	166,134
Crude marketing revenues | Corporate and Other
Disaggregation of Revenue [Line Items]
Total revenues	0	0	0
Other revenue
Disaggregation of Revenue [Line Items]
Total revenues	11,243	3,855	14,074
Other revenue | Corporate and Other
Disaggregation of Revenue [Line Items]
Total revenues	0	0	0
Railroad | Operating Segments
Disaggregation of Revenue [Line Items]
Total revenues	62,250	4,424	2,917
Railroad | Lease income | Operating Segments
Disaggregation of Revenue [Line Items]
Total revenues	736	0	0
Railroad | Rail revenues | Operating Segments
Disaggregation of Revenue [Line Items]
Total revenues	61,514	4,424	2,917
Railroad | Terminal services revenues | Operating Segments
Disaggregation of Revenue [Line Items]
Total revenues	0	0	0
Railroad | Crude marketing revenues | Operating Segments
Disaggregation of Revenue [Line Items]
Total revenues	0	0	0
Railroad | Other revenue | Operating Segments
Disaggregation of Revenue [Line Items]
Total revenues	0	0	0
Jefferson Terminal | Operating Segments
Disaggregation of Revenue [Line Items]
Total revenues	46,352	60,283	204,348
Jefferson Terminal | Lease income | Operating Segments
Disaggregation of Revenue [Line Items]
Total revenues	1,688	1,186	2,306
Jefferson Terminal | Rail revenues | Operating Segments
Disaggregation of Revenue [Line Items]
Total revenues	0	0	0
Jefferson Terminal | Terminal services revenues | Operating Segments
Disaggregation of Revenue [Line Items]
Total revenues	44,664	50,887	35,908
Jefferson Terminal | Crude marketing revenues | Operating Segments
Disaggregation of Revenue [Line Items]
Total revenues	0	8,210	166,134
Jefferson Terminal | Other revenue | Operating Segments
Disaggregation of Revenue [Line Items]
Total revenues	0	0	0
Repauno | Operating Segments
Disaggregation of Revenue [Line Items]
Total revenues	11,617	3,855	7,886
Repauno | Lease income | Operating Segments
Disaggregation of Revenue [Line Items]
Total revenues	0	0	84
Repauno | Rail revenues | Operating Segments
Disaggregation of Revenue [Line Items]
Total revenues	0	0	0
Repauno | Terminal services revenues | Operating Segments
Disaggregation of Revenue [Line Items]
Total revenues	374	0	0
Repauno | Crude marketing revenues | Operating Segments
Disaggregation of Revenue [Line Items]
Total revenues	0	0	0
Repauno | Other revenue | Operating Segments
Disaggregation of Revenue [Line Items]
Total revenues	11,243	3,855	7,802
Power and Gas | Operating Segments
Disaggregation of Revenue [Line Items]
Total revenues	0	0	14,301
Power and Gas | Lease income | Operating Segments
Disaggregation of Revenue [Line Items]
Total revenues	0	0	972
Power and Gas | Rail revenues | Operating Segments
Disaggregation of Revenue [Line Items]
Total revenues	0	0	0
Power and Gas | Terminal services revenues | Operating Segments
Disaggregation of Revenue [Line Items]
Total revenues	0	0	7,057
Power and Gas | Crude marketing revenues | Operating Segments
Disaggregation of Revenue [Line Items]
Total revenues	0	0	0
Power and Gas | Other revenue | Operating Segments
Disaggregation of Revenue [Line Items]
Total revenues	0	0	6,272
Sustainability and Energy Transition | Operating Segments
Disaggregation of Revenue [Line Items]
Total revenues	0	0	0
Sustainability and Energy Transition | Lease income | Operating Segments
Disaggregation of Revenue [Line Items]
Total revenues	0	0	0
Sustainability and Energy Transition | Rail revenues | Operating Segments
Disaggregation of Revenue [Line Items]
Total revenues	0	0	0
Sustainability and Energy Transition | Terminal services revenues | Operating Segments
Disaggregation of Revenue [Line Items]
Total revenues	0	0	0
Sustainability and Energy Transition | Crude marketing revenues | Operating Segments
Disaggregation of Revenue [Line Items]
Total revenues	0	0	0
Sustainability and Energy Transition | Other revenue | Operating Segments
Disaggregation of Revenue [Line Items]
Total revenues	$ 0	$ 0	$ 0

REVENUES - Minimum Future Annua

REVENUES - Minimum Future Annual Revenues (Details) $ in Thousands	Dec. 31, 2021 USD ($)
Operating Leases
2022	$ 11,969
2023	4,125
2024	459
2025	459
2026	421
Thereafter	0
Total	$ 17,433

LEASES - Narrative (Details)

LEASES - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Jul. 31, 2021	Dec. 31, 2020
Lessee, Lease, Description [Line Items]
Right-of-use assets	$ 71,547		$ 60,561
Weighted average remaining lease term	34 years 9 months 18 days		40 years 8 months 12 days
Real Estate
Lessee, Lease, Description [Line Items]
Right-of-use assets			$ 59,800
Transtar
Lessee, Lease, Description [Line Items]
Right-of-use assets		$ 12,200
Weighted average remaining lease term	5 years 6 months
Transtar | Real Estate
Lessee, Lease, Description [Line Items]
Lease term	43 years
Minimum
Lessee, Lease, Description [Line Items]
Remaining lease term	2 months
Maximum
Lessee, Lease, Description [Line Items]
Remaining lease term	41 years

LEASES - Lease Cost (Details)

LEASES - Lease Cost (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Leases [Abstract]
Amortization of right-of-use assets	$ 380	$ 0	$ 0
Interest on lease liabilities	27	0	0
Finance lease expense	407	0	0
Operating lease expense	5,682	4,587	5,846
Short-term lease expense	587	315	3,088
Variable lease expense	1,590	1,379	3,263
Sublease income	0	0	(1,032)
Total lease expense	$ 8,266	$ 6,281	$ 11,165

LEASES - Supplemental Informati

LEASES - Supplemental Information Related to Leases (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Leases [Abstract]
Right-of-use assets, net	$ 71,547	$ 60,561
Lease liabilities	$ 70,404	$ 60,903
Weighted average remaining lease term	34 years 9 months 18 days	40 years 8 months 12 days
Weighted average incremental borrowing rate	5.70%	6.20%
Cash paid for amounts included in the measurement of operating lease liabilities	$ 5,602	$ 4,591

LEASES - Future Payments (Detai

LEASES - Future Payments (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Operating leases
2022	$ 9,055
2023	7,178
2024	6,176
2025	5,854
2026	5,256
Thereafter	142,878
Total undiscounted lease payments	176,397
Less: Imputed interest	105,993
Total lease liabilities	$ 70,404	$ 60,903

EQUITY-BASED COMPENSATION - Exp

EQUITY-BASED COMPENSATION - Expenses Related to Stock-Based Compensation Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity-based compensation	$ 4,038	$ 2,325	$ 1,509
Restricted Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity-based compensation	3,215	1,676	1,054
Common Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity-based compensation	$ 823	$ 649	$ 455

EQUITY-BASED COMPENSATION (Narr

EQUITY-BASED COMPENSATION (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Restricted Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grant date fair value	$ 5.6	$ 4	$ 1.5
Vesting period	3 years
Common Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares other than options granted in period (in shares)	1,052,632	1,883,772	1,110,000
Grant date fair value of share issued	$ 1.2	$ 2.1	$ 3.4
Vesting period	3 years

RETIREMENT BENEFIT PLANS- Narra

RETIREMENT BENEFIT PLANS- Narrative (Details) $ in Millions	Dec. 31, 2021 USD ($)
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Accumulated benefit obligation	$ 1.4
Pension Benefits
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Unfunded liabilities	(0.8)
Postretirement Benefits
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Unfunded liabilities	$ (1.2)

RETIREMENT BENEFIT PLANS- Sched

RETIREMENT BENEFIT PLANS- Schedule of Costs of Retirement Plans (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021 USD ($)
Pension Benefits
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]
Benefit obligation, beginning balance	$ 0
Transtar acquisition	9,055
Service costs	712
Interest costs	108
Actuarial (gains) losses	(20)
Benefit paid	(50)
Benefit obligation, ending balance	9,805
Postretirement Benefits
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]
Benefit obligation, beginning balance	0
Transtar acquisition	28,488
Service costs	864
Interest costs	337
Actuarial (gains) losses	344
Benefit paid	0
Benefit obligation, ending balance	$ 30,033

RETIREMENT BENEFIT PLANS - Weig

RETIREMENT BENEFIT PLANS - Weighted Average Assumptions (Details)	12 Months Ended
	Dec. 31, 2021
Pension Benefits
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Weighted-average assumptions used to determine pension benefit obligation. discount rate	3.02%
Weighted-average assumptions used to determine pension benefit obligation, rate of compensation increase	3.50%
Weighted-average assumptions used to determine net periodic pension and postretirement costs, discount rate	2.88%
Weighted-average assumptions used to determine net periodic pension and postretirement costs, rate of compensation increases	3.50%
Weighted-average assumptions used to determine net periodic pension and postretirement costs, average future working lifetime (years)	10 years 11 months 4 days
Postretirement Benefits
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Weighted-average assumptions used to determine pension benefit obligation. discount rate	3%
Weighted-average assumptions used to determine pension benefit obligation,, average future working lifetime	11 years 4 months 2 days
Weighted-average assumptions used to determine pension benefit obligation, initial healthcare cost trend rate, pre-medicare	10%
Weighted-average assumptions used to determine pension benefit obligation, initial healthcare cost rate, medicare eligible	3%
Weighted-average assumptions used to determine pension benefit obligation ultimate healthcare cost trend rate	3.94%
Weighted-average assumptions used to determine pension benefit obligation, year ultimate trend rate is reached	2075
Weighted-average assumptions used to determine net periodic pension and postretirement costs, discount rate	2.86%
Weighted-average assumptions used to determine net periodic pension and postretirement costs, average future working lifetime (years)	11 years 4 months 2 days
Weighted-average assumptions used to determine net periodic pension and postretirement costs, initial healthcare cost trend rate	6%
Weighted-average assumptions used to determine net periodic pension and postretirement costs, ultimate healthcare cost trend rate	3.80%
Weighted-average assumptions used to determine net periodic pension and postretirement costs, year ultimate healthcare cost trend rate is reached	2075

RETIREMENT BENEFIT PLANS - Expe

RETIREMENT BENEFIT PLANS - Expected Future Service and Compensation Increases (Details) $ in Thousands	Dec. 31, 2021 USD ($)
Pension Benefits
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
2022	$ 51
2023	143
2024	261
2025	390
2026	496
Years 2027-2031	4,501
Postretirement Benefits
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
2022	102
2023	173
2024	251
2025	354
2026	451
Years 2027-2031	$ 3,252

INCOME TAXES - Components of In

INCOME TAXES - Components of Income Tax Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Current:
Federal	$ 13	$ 4	$ (9)
State and local	224	329	243
Foreign	0	(41)	54
Total current provision	237	292	288
Deferred:
Federal	(3,820)	(2,272)	14,097
State and local	(44)	0	(1)
Foreign	(3)	(4)	0
Total deferred (benefit) provision	(3,867)	(2,276)	14,096
Provision for income taxes	$ (3,630)	$ (1,984)	$ 14,384

INCOME TAXES - Difference Betwe

INCOME TAXES - Difference Between Provision for Income Taxes and U.S. Federal Statutory Rate (Details)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Effective Income Tax Rate Reconciliation, Percent [Abstract]
U.S. federal tax at statutory rate	21%	21%	21%
Income not subject to tax at statutory rate	4.77%	4.15%	(212.63%)
State and local taxes	(0.22%)	(0.45%)	7.44%
Foreign taxes	0%	0.06%	1.67%
Other	(4.43%)	0.06%	10.99%
Change in valuation allowance	(17.75%)	(22.13%)	614.62%
Provision for income taxes	3.37%	2.69%	443.09%

INCOME TAXES - Components of De

INCOME TAXES - Components of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Deferred tax assets [Abstract]
Net operating loss carryforwards	$ 112,999	$ 85,174
Accrued expenses	2,275	469
Interest expense	23,483	25,488
Operating lease liabilities	23,503	10,119
Investment in partnerships	15,524	0
Other	803	2,619
Total deferred tax assets	178,587	123,869
Less valuation allowance	(137,771)	(94,139)	$ (81,313)
Net deferred tax assets	40,816	29,730
Deferred tax liabilities [Abstract]
Investment in partnerships	0	(14,982)
Fixed assets and goodwill	(16,900)	(9,550)
Operating lease right-of-use assets	(23,772)	(10,062)
Net deferred tax assets	$ 144
Net deferred tax liabilities		$ (4,864)

INCOME TAXES - Changes in Valua

INCOME TAXES - Changes in Valuation Allowance (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Valuation Allowance [Roll Forward]
Valuation allowance at beginning of period	$ 94,139	$ 81,313
Change due to current year losses	43,632	12,826
Valuation allowance at end of period	$ 137,771	$ 94,139

INCOME TAXES - Narrative (Detai

INCOME TAXES - Narrative (Details) $ in Millions	Dec. 31, 2021 USD ($)
Tax Year 2034
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	$ 169.1
No Expiration Date
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	351.2
U.S Federal | Subsidiaries
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	$ 520.3

MANAGEMENT AGREEMENT AND AFFI_3

MANAGEMENT AGREEMENT AND AFFILIATE TRANSACTIONS - Schedule of Related Party Transactions (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Related Party Transaction [Line Items]
Management fees and incentive allocation to affiliate	$ 15,638	$ 13,073	$ 16,541
Non-controlling interest share of net loss	(26,472)	(16,522)	(17,571)
Jefferson Terminal
Related Party Transaction [Line Items]
Non-controlling interest share of net loss	(26,472)	(16,522)	(17,571)
Management fees
Related Party Transaction [Line Items]
Management fees and incentive allocation to affiliate	15,638	13,073	10,722
Capital Gains Incentive Fee
Related Party Transaction [Line Items]
Management fees and incentive allocation to affiliate	0	0	5,819
Reimbursable Expenses [Member]
Related Party Transaction [Line Items]
Management fees and incentive allocation to affiliate	5,042	4,735	4,461
Reimbursable Expenses [Member] | General and administrative
Related Party Transaction [Line Items]
Management fees and incentive allocation to affiliate	3,937	4,053	3,747
Reimbursable Expenses [Member] | Acquisition and transaction expenses
Related Party Transaction [Line Items]
Management fees and incentive allocation to affiliate	1,105	682	714
Corporate Expenses [Member]
Related Party Transaction [Line Items]
Management fees and incentive allocation to affiliate	15,656	4,538	7,134
Corporate Expenses [Member] | General and administrative
Related Party Transaction [Line Items]
Management fees and incentive allocation to affiliate	4,776	4,469	3,722
Corporate Expenses [Member] | Acquisition and transaction expenses
Related Party Transaction [Line Items]
Management fees and incentive allocation to affiliate	$ 10,880	$ 69	$ 3,412

MANAGEMENT AGREEMENT AND AFFI_4

MANAGEMENT AGREEMENT AND AFFILIATE TRANSACTIONS - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 20, 2018
Related Party Transaction [Line Items]
Non-controlling interest	$ (91)	$ 22,343
Debt amount	$ 718,624	278,473
Promissory Note [Member]
Related Party Transaction [Line Items]
Debt amount			$ 300
Jefferson Terminal
Related Party Transaction [Line Items]
Remaining non-controlling interest	20%
Non-controlling interest	$ (9,100)	17,200
Manager
Related Party Transaction [Line Items]
Management fee percentage rate	1.50%
Fees paid	$ 1,700
Manager | Management fees
Related Party Transaction [Line Items]
Due from related party	0	0
Due to related party	$ 0	$ 0
Fortress Worldwide Transportation and Infrastructure Master GP LLP
Related Party Transaction [Line Items]
Capital gains allocation percentage	10%
Threshold 1 | Fortress Worldwide Transportation and Infrastructure Master GP LLP | Income Incentive Fee
Related Party Transaction [Line Items]
Pre-incentive income allocation	0%
Annual percent threshold of pre-incentive allocation net income	8%
Threshold 2 | Fortress Worldwide Transportation and Infrastructure Master GP LLP | Income Incentive Fee
Related Party Transaction [Line Items]
Pre-incentive income allocation	100%
Threshold 2 | Fortress Worldwide Transportation and Infrastructure Master GP LLP | Minimum | Income Incentive Fee
Related Party Transaction [Line Items]
Quarterly percent threshold of pre-incentive allocation net income	2%
Threshold 2 | Fortress Worldwide Transportation and Infrastructure Master GP LLP | Maximum | Income Incentive Fee
Related Party Transaction [Line Items]
Quarterly percent threshold of pre-incentive allocation net income	2.2223%
Threshold 3 | Fortress Worldwide Transportation and Infrastructure Master GP LLP | Income Incentive Fee
Related Party Transaction [Line Items]
Pre-incentive income allocation	10%

SEGMENT INFORMATION - Narrative

SEGMENT INFORMATION - Narrative (Details)	3 Months Ended		12 Months Ended
	Sep. 30, 2022 segment	Jun. 30, 2022 segment	Dec. 31, 2021 a freightRailroad	Dec. 31, 2021 a switchingCompany	Dec. 31, 2021 a segment
Segment Reporting Information [Line Items]
Number of reportable segments					5
Plan [Member]
Segment Reporting Information [Line Items]
Number of operating segments	5
Number of reportable segments		3
Railroad
Segment Reporting Information [Line Items]
Number of segment components			5	1
Repauno
Segment Reporting Information [Line Items]
Area of real estate | a			1,630	1,630	1,630
Long Ridge Terminal LLC
Segment Reporting Information [Line Items]
Area of real estate | a			1,660	1,660	1,660

SEGMENT INFORMATION - Statement

SEGMENT INFORMATION - Statement of Income by Segment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Revenues
Total revenues	$ 120,219	$ 68,562	$ 229,452
Expenses
Operating expenses	98,541	69,391	260,909
General and administrative	8,737	8,522	7,469
Acquisition and transaction expenses	14,826	1,658	9,134
Management fees and incentive allocation to affiliate	15,638	13,073	16,541
Depreciation and amortization	54,016	31,114	33,128
Asset impairment	0	0	4,726
Total expenses	191,758	123,758	331,907
Other (expense) income
Equity in (losses) earnings of unconsolidated entities	(13,499)	(3,107)	(546)
Gain (Loss) on sale of assets, net	16	(8)	121,296
Loss on extinguishment of debt	0	(4,724)	0
Interest expense	(16,019)	(10,764)	(17,907)
Other expense	(8,930)	92	2,857
Total other (expense) income	(38,432)	(18,511)	105,700
Income (loss) before income taxes	(109,971)	(73,707)	3,245
Provision for (benefit from) income taxes	(3,630)	(1,984)	14,384
Net income (loss)	(106,341)	(71,723)	(11,139)
Less: Net loss attributable to non-controlling interests in consolidated subsidiaries	(26,472)	(16,522)	(17,571)
Net income (loss) attributable to Parent	(79,869)	(55,201)	6,432
Corporate and Other
Revenues
Total revenues	0	0	0
Expenses
Operating expenses	59	0	0
General and administrative	8,737	8,522	7,469
Acquisition and transaction expenses	11,985	751	4,126
Management fees and incentive allocation to affiliate	15,638	13,073	16,541
Depreciation and amortization	0	0	0
Asset impairment			0
Total expenses	36,419	22,346	28,136
Other (expense) income
Equity in (losses) earnings of unconsolidated entities	470	115	(62)
Gain (Loss) on sale of assets, net	0	0	0
Loss on extinguishment of debt		0
Interest expense	0	0	0
Other expense	0	0	1
Total other (expense) income	470	115	(61)
Income (loss) before income taxes	(35,949)	(22,231)	(28,197)
Provision for (benefit from) income taxes	7	3	(6)
Net income (loss)	(35,956)	(22,234)	(28,191)
Less: Net loss attributable to non-controlling interests in consolidated subsidiaries	0	0	0
Net income (loss) attributable to Parent	(35,956)	(22,234)	(28,191)
Railroad | Operating Segments
Revenues
Total revenues	62,250	4,424	2,917
Expenses
Operating expenses	35,824	5,992	4,549
General and administrative	0	0	0
Acquisition and transaction expenses	2,841	0	0
Management fees and incentive allocation to affiliate	0	0	0
Depreciation and amortization	8,951	583	405
Asset impairment			0
Total expenses	47,616	6,575	4,954
Other (expense) income
Equity in (losses) earnings of unconsolidated entities	0	0	0
Gain (Loss) on sale of assets, net	0	0	0
Loss on extinguishment of debt		0
Interest expense	(60)	(3)	(6)
Other expense	(422)	0	6
Total other (expense) income	(482)	(3)	0
Income (loss) before income taxes	14,152	(2,154)	(2,037)
Provision for (benefit from) income taxes	64	0	0
Net income (loss)	14,088	(2,154)	(2,037)
Less: Net loss attributable to non-controlling interests in consolidated subsidiaries	0	0	0
Net income (loss) attributable to Parent	14,088	(2,154)	(2,037)
Jefferson Terminal | Operating Segments
Revenues
Total revenues	46,352	60,283	204,348
Expenses
Operating expenses	48,255	53,072	231,506
General and administrative	0	0	0
Acquisition and transaction expenses	0	0	0
Management fees and incentive allocation to affiliate	0	0	0
Depreciation and amortization	36,013	29,034	22,873
Asset impairment			0
Total expenses	84,268	82,106	254,379
Other (expense) income
Equity in (losses) earnings of unconsolidated entities	0	0	(292)
Gain (Loss) on sale of assets, net	0	(8)	4,636
Loss on extinguishment of debt		(4,724)
Interest expense	(14,812)	(9,426)	(16,189)
Other expense	(4,726)	92	752
Total other (expense) income	(19,538)	(14,066)	(11,093)
Income (loss) before income taxes	(57,454)	(35,889)	(61,124)
Provision for (benefit from) income taxes	229	278	284
Net income (loss)	(57,683)	(36,167)	(61,408)
Less: Net loss attributable to non-controlling interests in consolidated subsidiaries	(26,250)	(16,483)	(17,356)
Net income (loss) attributable to Parent	(31,433)	(19,684)	(44,052)
Repauno | Operating Segments
Revenues
Total revenues	11,617	3,855	7,886
Expenses
Operating expenses	14,304	8,971	9,599
General and administrative	0	0	0
Acquisition and transaction expenses	0	0	0
Management fees and incentive allocation to affiliate	0	0	0
Depreciation and amortization	9,052	1,497	1,480
Asset impairment			0
Total expenses	23,356	10,468	11,079
Other (expense) income
Equity in (losses) earnings of unconsolidated entities	0	0	0
Gain (Loss) on sale of assets, net	16	0	0
Loss on extinguishment of debt		0
Interest expense	(1,147)	(1,335)	(1,373)
Other expense	0	0	0
Total other (expense) income	(1,131)	(1,335)	(1,373)
Income (loss) before income taxes	(12,870)	(7,948)	(4,566)
Provision for (benefit from) income taxes	0	0	0
Net income (loss)	(12,870)	(7,948)	(4,566)
Less: Net loss attributable to non-controlling interests in consolidated subsidiaries	(222)	(39)	(215)
Net income (loss) attributable to Parent	(12,648)	(7,909)	(4,351)
Power and Gas | Operating Segments
Revenues
Total revenues	0	0	14,301
Expenses
Operating expenses	99	1,356	15,255
General and administrative	0	0	0
Acquisition and transaction expenses	0	907	5,008
Management fees and incentive allocation to affiliate	0	0	0
Depreciation and amortization	0	0	8,370
Asset impairment			4,726
Total expenses	99	2,263	33,359
Other (expense) income
Equity in (losses) earnings of unconsolidated entities	(13,597)	(3,222)	(192)
Gain (Loss) on sale of assets, net	0	0	116,660
Loss on extinguishment of debt		0
Interest expense	0	0	(339)
Other expense	(3,782)	0	2,098
Total other (expense) income	(17,379)	(3,222)	118,227
Income (loss) before income taxes	(17,478)	(5,485)	99,169
Provision for (benefit from) income taxes	(3,930)	(2,265)	14,106
Net income (loss)	(13,548)	(3,220)	85,063
Less: Net loss attributable to non-controlling interests in consolidated subsidiaries	0	0	0
Net income (loss) attributable to Parent	(13,548)	(3,220)	85,063
Sustainability and Energy Transition | Operating Segments
Revenues
Total revenues	0	0	0
Expenses
Operating expenses	0	0	0
General and administrative	0	0	0
Acquisition and transaction expenses	0	0	0
Management fees and incentive allocation to affiliate	0	0	0
Depreciation and amortization	0	0	0
Asset impairment			0
Total expenses	0	0	0
Other (expense) income
Equity in (losses) earnings of unconsolidated entities	(372)	0	0
Gain (Loss) on sale of assets, net	0	0	0
Loss on extinguishment of debt		0
Interest expense	0	0	0
Other expense	0	0	0
Total other (expense) income	(372)	0	0
Income (loss) before income taxes	(372)	0	0
Provision for (benefit from) income taxes	0	0	0
Net income (loss)	(372)	0	0
Less: Net loss attributable to non-controlling interests in consolidated subsidiaries	0	0	0
Net income (loss) attributable to Parent	$ (372)	$ 0	$ 0

SEGMENT INFORMATION - Reconcili

SEGMENT INFORMATION - Reconciliation of Adjusted EBITDA to Net Loss (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Segment Reporting Information [Line Items]
Adjusted EBITDA	$ 33,711	$ (9,809)	$ 88,723
Add: Non-controlling share of Adjusted EBITDA	12,508	9,637	9,859
Add: Equity in losses of unconsolidated entities	(13,499)	(3,107)	(546)
Less: Interest costs on pension and OPEB liabilities	(445)	0	0
Less: Pro-rata share of Adjusted EBITDA from unconsolidated entities	(29,095)	(3,140)	(442)
Less: Interest expense	(16,019)	(10,764)	(17,907)
Less: Depreciation and amortization expense	(54,016)	(31,114)	(33,128)
Less: Incentive allocations	0	0	(5,819)
Less: Asset impairment charges	0	0	(4,726)
Less: Changes in fair value of non-hedge derivative instruments	2,220	(181)	(4,555)
Less: Losses on the modification or extinguishment of debt and capital lease obligations	0	(4,724)	0
Less: Acquisition and transaction expenses	(14,826)	(1,658)	(9,134)
Less: Equity-based compensation expense	(4,038)	(2,325)	(1,509)
Less: Provision for (benefit from) income taxes	3,630	1,984	(14,384)
Net income (loss) attributable to Parent	(79,869)	(55,201)	6,432
Corporate and Other
Segment Reporting Information [Line Items]
Adjusted EBITDA	(24,372)	(21,759)	(18,251)
Add: Equity in losses of unconsolidated entities	470	115	(62)
Less: Asset impairment charges			0
Less: Acquisition and transaction expenses	(11,985)	(751)	(4,126)
Less: Provision for (benefit from) income taxes	(7)	(3)	6
Net income (loss) attributable to Parent	(35,956)	(22,234)	(28,191)
Railroad | Operating Segments
Segment Reporting Information [Line Items]
Adjusted EBITDA	26,449	(1,568)	(1,626)
Add: Equity in losses of unconsolidated entities	0	0	0
Less: Asset impairment charges			0
Less: Acquisition and transaction expenses	(2,841)	0	0
Less: Provision for (benefit from) income taxes	(64)	0	0
Net income (loss) attributable to Parent	14,088	(2,154)	(2,037)
Jefferson Terminal | Operating Segments
Segment Reporting Information [Line Items]
Adjusted EBITDA	10,631	16,118	(6,160)
Add: Equity in losses of unconsolidated entities	0	0	(292)
Less: Asset impairment charges			0
Less: Acquisition and transaction expenses	0	0	0
Less: Provision for (benefit from) income taxes	(229)	(278)	(284)
Net income (loss) attributable to Parent	(31,433)	(19,684)	(44,052)
Repauno | Operating Segments
Segment Reporting Information [Line Items]
Adjusted EBITDA	(4,149)	(4,548)	(1,082)
Add: Equity in losses of unconsolidated entities	0	0	0
Less: Asset impairment charges			0
Less: Acquisition and transaction expenses	0	0	0
Less: Provision for (benefit from) income taxes	0	0	0
Net income (loss) attributable to Parent	(12,648)	(7,909)	(4,351)
Power and Gas | Operating Segments
Segment Reporting Information [Line Items]
Adjusted EBITDA	25,524	1,948	115,842
Add: Equity in losses of unconsolidated entities	(13,597)	(3,222)	(192)
Less: Asset impairment charges			(4,726)
Less: Acquisition and transaction expenses	0	(907)	(5,008)
Less: Provision for (benefit from) income taxes	3,930	2,265	(14,106)
Net income (loss) attributable to Parent	(13,548)	(3,220)	85,063
Sustainability and Energy Transition | Operating Segments
Segment Reporting Information [Line Items]
Adjusted EBITDA	(372)	0	0
Add: Equity in losses of unconsolidated entities	(372)	0	0
Less: Asset impairment charges			0
Less: Acquisition and transaction expenses	0	0	0
Less: Provision for (benefit from) income taxes	0	0	0
Net income (loss) attributable to Parent	$ (372)	$ 0	$ 0

SEGMENT INFORMATION - Balance S

SEGMENT INFORMATION - Balance Sheet (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Segment Reporting Information [Line Items]
Current assets	$ 412,984	$ 84,515
Non-current assets	2,029,317	1,314,495
Total assets	2,442,301	1,399,010
Debt, net	718,624	278,473
Current liabilities	129,467	82,357
Non-current liabilities	850,788	321,256
Total liabilities	980,255	403,613
Equity
Non-controlling interest in equity of consolidated subsidiaries	(91)	22,343
Total equity	1,462,046	995,397
Total liabilities and equity	2,442,301	1,399,010
Corporate and Other
Segment Reporting Information [Line Items]
Current assets	286	998
Non-current assets	11,256	1,254
Total assets	11,542	2,252
Debt, net	0	0
Current liabilities	11	3
Non-current liabilities	0	0
Total liabilities	11	3
Equity
Non-controlling interest in equity of consolidated subsidiaries	625
Total equity	11,531	2,249
Total liabilities and equity	11,542	2,252
Railroad | Operating Segments
Segment Reporting Information [Line Items]
Current assets	72,965	1,293
Non-current assets	695,632	5,320
Total assets	768,597	6,613
Debt, net	0	0
Current liabilities	56,690	809
Non-current liabilities	52,180	0
Total liabilities	108,870	809
Equity
Non-controlling interest in equity of consolidated subsidiaries	0	0
Total equity	659,727	5,804
Total liabilities and equity	768,597	6,613
Jefferson Terminal | Operating Segments
Segment Reporting Information [Line Items]
Current assets	296,753	79,288
Non-current assets	987,678	910,640
Total assets	1,284,431	989,928
Debt, net	693,624	253,473
Current liabilities	67,612	52,242
Non-current liabilities	753,113	313,387
Total liabilities	820,725	365,629
Equity
Non-controlling interest in equity of consolidated subsidiaries	(2,604)	20,947
Total equity	463,706	624,299
Total liabilities and equity	1,284,431	989,928
Repauno | Operating Segments
Segment Reporting Information [Line Items]
Current assets	34,943	2,928
Non-current assets	281,599	270,642
Total assets	316,542	273,570
Debt, net	25,000	25,000
Current liabilities	5,135	29,271
Non-current liabilities	27,965	3,000
Total liabilities	33,100	32,271
Equity
Non-controlling interest in equity of consolidated subsidiaries	1,888	1,396
Total equity	283,442	241,299
Total liabilities and equity	316,542	273,570
Power and Gas | Operating Segments
Segment Reporting Information [Line Items]
Current assets	357	8
Non-current assets	0	126,639
Total assets	357	126,647
Debt, net	0	0
Current liabilities	19	32
Non-current liabilities	17,530	4,869
Total liabilities	17,549	4,901
Equity
Non-controlling interest in equity of consolidated subsidiaries	0	0
Total equity	(17,192)	121,746
Total liabilities and equity	357	126,647
Sustainability and Energy Transition | Operating Segments
Segment Reporting Information [Line Items]
Current assets	7,680	0
Non-current assets	53,152	0
Total assets	60,832	0
Debt, net	0	0
Current liabilities	0	0
Non-current liabilities	0	0
Total liabilities	0	0
Equity
Non-controlling interest in equity of consolidated subsidiaries	0	0
Total equity	60,832	0
Total liabilities and equity	$ 60,832	$ 0

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Additional Information (Details) $ in Millions	12 Months Ended
	Dec. 31, 2021 USD ($)
Loss Contingencies [Line Items]
Agreement term	2 years
Minimum
Loss Contingencies [Line Items]
Minimum annual purchase obligation	$ 10.2
Repauno
Loss Contingencies [Line Items]
Potential milestone payment	15
Loss contingency accrual, payments	$ 5

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) $ / shares in Units, $ in Thousands	Aug. 01, 2022 $ / shares shares	Jul. 25, 2022 USD ($)	Jul. 21, 2022 shares	Jul. 07, 2022 USD ($)	Jun. 30, 2022 USD ($) $ / shares shares	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Subsequent Event [Line Items]
Debt | $						$ 740,080	$ 288,980
Bonds payable
Subsequent Event [Line Items]
Debt | $						$ 688,980	$ 263,980
Subsequent Event
Subsequent Event [Line Items]
Common stock, convertible, conversion ratio	1
Common stock, par value (in dollars per share) | $ / shares	$ 0.01
Shares distributed (in shares) | shares			99,387,467
Subsequent Event | Nonqualified Stock Option and Incentive Award Plan
Subsequent Event [Line Items]
Shares authorized (in shares) | shares	30,000,000
Subsequent Event | Common Unit, Options
Subsequent Event [Line Items]
Granted (in shares) | shares	10,900,000
Subsequent Event | Bonds payable | Senior Notes Due 2027
Subsequent Event [Line Items]
Debt | $		$ 50,000		$ 450,000
Stated Interest Rate		10.50%		10.50%
Maturity date		Dec. 31, 2027		Dec. 31, 2027
Debt instrument, issue price percentage		94.585%		94.585%
Subsequent Event | Series A Senior Preferred Shares
Subsequent Event [Line Items]
Shares issued (in shares) | shares					300,000
Par value (dollars per share) | $ / shares					$ 0.01
Aggregate purchase price | $					$ 300,000
Discount price | $					$ 9,000
Subsequent Event | Series A Senior Preferred Shares | Series I Warrant
Subsequent Event [Line Items]
Par value (dollars per share) | $ / shares					$ 0.01
Number of common shares called by warrants (in shares) | shares					3,342,566
Exercise price (in dollars per share) | $ / shares					$ 10
Subsequent Event | Series A Senior Preferred Shares | Series II Warrant
Subsequent Event [Line Items]
Par value (dollars per share) | $ / shares					$ 0.01
Number of common shares called by warrants (in shares) | shares					3,342,566
Exercise price (in dollars per share) | $ / shares					$ 10