each year discussing for good our Today, expectations morning, at you, financials Thank and X Alan, quarter our we the will business and the and FTAI and of everyone. the also developments of latest be Infrastructure fourth segments for year full ahead. providing details
a share month. to dividend our that dividend company to second paid with Board before stand-alone to Briefly, this I'm $X.XX quarterly later will we as we get per paying be be financials, authorizing report to shareholders the a pleased our
that posted I'll quarter supplemental call, our were the fourth website. this be to For recently to referring materials
infrastructure year in XXXX. completed with spin-off from FTAI million our Slide at for in the from infrastructure our adjusted of from the million We year up an us. came X August, X, FTAI establishing in a business. productive Financially, as pure-play EBITDA segments, Aviation Starting company extremely for growth-focused was XXXX $XX.X $XX.X
year, is business stage developments that a during the and of years believe firmly in that importantly, for completed we XXXX set achieving material target the the number in, More to we ahead. target. required $XXX rate this should continue of strong us a capital that EBITDA growth segments All XXXX additional and substantial annual position projects a for and to with of year adjusted from our million no meet run
EBITDA quarter our Focusing on the the for quarter, segments fourth X million. $X.X from adjusted fourth was
reported the at by financials the of and quarter quarter. status what has an Ridge an made repairs as isolated details Long repair year, of impacted at on believe been I'll was to January been power have provide All by near end maintenance damage the X operating As the was we And quarter of full previously for were date. suffice capacity this it operating some and XXX% our to happened say, this continuously plant but of the event. at extended outage disclosed, our Ridge, Long plant.
for October our our have early Ridge quarter The substantially loss quarter. QX variance year. an revenue resulted prior damage The intake inspection of our Long caused damage team during as This costs the the last resulted to out bulk all the the Ridge. adjusted be recorded at discovered Long the Ridge to of in construction but operating power gas compared was loss of of process happened what All in last covered plants plant. by and of process. being for to air repair left a in commissioning warranty, of of terms In in debris under outage maintenance are service part to that turbine's Long the lost repair accounted EBITDA fourth in quarter year, planned turbine at been the
we're from we event of are Jefferson, positioned quarter. for for a very accomplishments XXXX their well our Repauno Each believe Long and solid plans, the Ridge, happy respective with at ahead. we business Away and the Transtar progressed
on the balance briefly X, Slide sheet.
on at and have if projects We million be to which place the was during In quarter, XX, had also a credit Jefferson to the the working Transtar nonrecourse $XX ample $XXX at December of million approximately and at at the desired. facility we $XXX fund company Transtar shown liquidity we Borrowings million revolving issued today, our sheet into the new holding a in put facility billion capital $X.X issued aggregate, is company on basis. and Transtar. provide used debt growth of balance may at holding
we each continue we X adjusted EBITDA continue the In as for provide well of expectation achieved respective be excess that our our we in flexibility generating That of Jefferson to commenced, Jefferson pay targets supplement, EBITDA dividends flow year see this anticipate low on segment cash said in Beaumont.
On run will $XXX that with become cost, down increasingly in we in as EBITDA than targets. cash represent past, view annual The new not each As and liability excess as adjusted the the the of our more for an we has sale. for and a interest to to ahead, maturity Slide relevant momentum business. contract shown as reported debt of million. asset have XXXX the the for a slide in Exxon annual the years Jefferson event the XX in average rate flow we earnings aggregate, annual meaningful extremely callable years, now of with segments, target XXXX our the from to
specific will case Repauno. or ramp-up Like the the timing for projects, date of vary business for the given of of the in example, achieving each commencement targets infrastructure Jefferson, of all likely case specific contracts developments in the of
slides. following details these the Importantly, capital. I'll achieving targets on no additional requires more report
is recently expect X.X on a target initiatives highlights of expect not we utilization and its acre come. in acquisition several new for result highly impact to give of kick terminal. in of we in our barrel third-party So this to cash new to capacity XXXX. new Jefferson million included in hundred the We million revenue some in increase years continued of additional closed number you Jefferson in a Transtar developments are The to now an flow that to producer in Beaumont EBITDA accretive just us, the for South, site, starting of now, quick Jefferson. $XX for site great
EBITDA upside remain the and X generated part terms for smaller Phase its entering cusp term into near is has be income incremental our long-term in will of any contribution, of targets. tremendous system. the on which portfolio a in will of Repauno, So to transloading contracts our
at is Finally, generating achieving Long with near cash factor from gas excess and us, repair capacity plant XXX% the behind sales. flow Ridge our
core acquiring Transtar asset I'll capital million of our first business $XX.X million posted for on in year Cash the our noncore since EBITDA of than expenditures. Slide flow Starting of million now in turn $XXX revenue of more with proceeds fiscal each XXXX. to August X the from in offset supplement. and adjusted more as X of businesses. of sales $XX.X XXXX, details on Transtar the EBITDA full adjusted excess year was
The blast equipment. the volumes of was EBITDA back of Valley of slightly approximately included noncash furnaces quarter, Works the the facility. excess furnace the by January. lower online Steel blast $X.X Mon of idling temporary result million in connection also at U.S. in the were carload with for fourth came the X For one of quarter losses sale
for loss and furnace impact Excluding those reported results of the Transtar's in XXXX. the idle on been of blast the would third the quarter have asset line with sales,
multiple supplement, detailed Slide represent We're making good These incremental approximately to of the at additional very revenue investment. initiatives EBITDA. drive $XX opportunities EBITDA progress with million Transtar and which X programs, to on no annually little are on of incremental
over Michigan facilities are locomotive transload that of -- The real railroad, XX XXX development promote Our serving today open system. first and our estate year, freight now our as own Last leasing customers. locomotive third-party ever as land of of acres we our number as our our opened we and at facility and railcar we stands rail to railcar pipeline customers and growing. maintenance and actively is adjacent on sale strong
progressing the year We to come. of expect reporting a to in big XXXX look these quarters forward our and progress each initiatives for to be
of Now in quarter. EBITDA transpired on to in Jefferson. fiscal of revenue million compared of Two EBITDA of XXXX revenue to material the Jefferson in $XX.X million $XX.X generated fourth and $XX.X million million $XX.X fiscal and events XXXX.
terminal quarter, billion Beaumont capacity the completed per increase day. we commenced contract by and XX-year under expansion construction Exxon's First, $X with our in end barrels refinery Exxon's Exxon. will new operations at XXX,XXX BLADE approximately of the
throughput volume ramp line generate incremental BLADE to We EBITDA as of the annually we up $XX approximately up. expect million ramp contract expansion with our in
We're in we the Secondly, acquired to business. hydrogen-based ideal multiple real our for extension Beaumont provide and of Jefferson property during additional the site growth. export for nearing with opportunities estate products. storage full seeing and transloading renewable fuels quarter, this build-out, And is for an additional an expansion
We refer million to opportunity Jefferson contribute expect to this new and South, EBITDA this early $XX as up incrementally. as represent to addition, ultimately we of which to incremental as year
reach revenue leverage to at bottom we capacity, as continue a we our drops terminal as portion focused the of main ramp the to in costs capacity to incremental we're utilization Back meaningful Jefferson. up targets, line on fixed
the from estimate Exxon that volume these including we revenue. new capacity we place will X, Slide on and in contract, than shown to commitments only after have minimum double our more As
minimums expect over taken the business products up in in contracted by the multiple and are capacity remaining customers expansion represented portion we as of discussions next excess several Exxon from this with. active of BLADE months, the We and up ramps a rest the be to
the we April. to By BLADE both in and early the ramp-up Exxon expect way, we expect the of occur approximately --
Phase in world's The Slide which one QX with is and to focus this X volume contract transloading multiyear of XX Repauno. commences our companies, year trading flows system. Phase contract on at positioned business natural Repauno X with is a hand, we in stable With cash a executed our while minimum commitments. leading generate of for larger using the securing to to X this gas April We Shifting multiyear system. liquids has on transload contract, term
we couple Slide expected Phase of million represent our and annual aggregate, storage when throughput Phase X once increase to expect a an years. X supplement, to online In in is on EBITDA system of excess capacity materially comes it detailed the $XX of complete. As XX the of our
multiple multiple months. and to with our have goal offtakers enter into long-term international coming We is agreements parties the in demand for
XXXX, Finally, moving connection the in Ridge EBITDA $XX fiscal on to Long of inclusive losses the generated Ridge. million fourth incurred outage. quarter with Long in in
pace power sales. gas lost the of we of outage, continue During production the impact did the mitigated partially which
to the the future As we Long enthusiastic and look about XXXX ahead, we're of Ridge. years
assets in our year. total can Ridge. Virginia monthly gas gas ultimately additional of newly commencing supply with day, currently Our of West essentially to $X up Long that acquired This lower new per at acres to XX,XXX provide first gas EBITDA for incremental this equates gas supply. prices, doubles MMBtu XXX,XXX million Even approximately production
the expect additional with expenditures production gas multiple and capital discussions Long at We are required to to with in develop finance lenders. Ridge currently debt
Newlight which Newlight, Ridge property gas long-term its expect as carbon sell commence land construction lease. We the as biodegradable to built and a months new under in on natural provide coming will Long and gas. products Long negative Technologies will from facility Ridge natural produce plastic well to power on
certain investor expect In be we if met. the in project addition, conditions to an are
applicant national be to to has to hydrogen the we in the been key initially, Long Energy's finally, Ridge efforts hydrogen updated And use with applications progress submitting named hubs shortlisted applications production in X and under to clean of as one program XX the Of markets. to parties stimulate of April. advance encouraged Department round next an continue due
billion longer-term a Up of hydrogen selected significant available developments tremendous. to process, be recipients, grant hub a the made at it's ultimate $X funds could believe will new bringing of being While Long as Ridge. potentially be outcome we to
grant funding believe and Our behind-the-meter hydrogen to plan are well is start we to receive access and hydrogen positioned to benefit fuel, designation develop from as hub additional to we federal customers. first blend in America
over Alan. With the me that, call back to let turn
