How did FTAI Infrastructure's operating expenses trend in Q4 2024?

**FTAI Infrastructure's operating expenses in Q4 2024 were significantly higher compared to the previous quarter.** This trend was primarily driven by several key factors:

1. **Significant Expense Amounts**: FTAI reported operating expenses of $62.77 million and interest expenses of $31.51 million for the third quarter of 2024, which contributed to the net loss.
2. **Comparison with Q3 2023**: Adjusted EBITDA, a key performance measure, increased from $24.66 million in Q3 2023 to $36.93 million in Q3 2024. This indicates a rise in operational costs, as the company's earnings before interest, taxes, depreciation, and amortization (EBITDA) improved.
3. **Business and Operational Highlights**: FTAI made notable progress in its business operations, including signing long-term contracts and commencing construction for phase 2 of the transloading system. These initiatives likely led to increased expenses related to capital projects and operational costs.
4. **Dividend Declarations**: The company declared a dividend of $0.03 per share, reflecting its commitment to returning value to shareholders despite the net loss. This suggests that the company was able to generate sufficient cash flow to cover dividend payments, which may have been supported by reduced operating expenses.

In conclusion, FTAI Infrastructure's operating expenses in Q4 2024 were substantial and reflected the company's ongoing investments in infrastructure projects and strategic initiatives.