FTAI Infrastructure to Acquire Crude Oil Logistics Assets for $255M

Key Facts

1FTAI Infrastructure subsidiary Jefferson agreed to acquire Port Arthur Terminal and a 50% interest in a Diluent Recovery Unit in Alberta.

2The acquisition is valued at approximately $255 million in cash and is expected to generate $50 million in annual EBITDA.

FTAI Infrastructure subsidiary Jefferson agreed to acquire the Port Arthur Terminal and a 50% interest in a Diluent Recovery Unit in Alberta from USD Group. GlobeNewswire reported that the acquisition is valued at approximately $255 million in cash, as the company seeks to expand its energy logistics footprint across Texas and Alberta.

The acquired assets are expected to generate approximately $50 million in annual EBITDA, with financing planned through the assumption of existing indebtedness and a new debt facility. Regarding equity performance, FIP closed at $3.13 on September 25, 2026, having reached a day high of $3.17 and a low of $3.04 during that session.