FTAI Infrastructure unit agrees to buy USD Group crude oil logistics assets for USD 255 million

Bitget2026/09/28 10:30

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FTAI Infrastructure unit FTAI Energy Partners agreed to buy USD Group’s Port Arthur Terminal in Texas, plus a 50% stake in Hardisty, Alberta DRU.
Total consideration about $255 million cash, financed through assumed debt and an acquisition debt facility secured by Jefferson.
Acquired assets expected to generate about $50 million of annual EBITDA over the next 12 months.
Deal targets regulatory approvals in Q4 2026; assets support a long-term take-or-pay crude logistics contract with minimum volume commitments.
Port Arthur Terminal handles about 50,000 barrels per day by rail; connected to Phillips 66 Beaumont via a 12-mile pipeline.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. FTAI Infrastructure Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202609280630PRIMZONEFULLFEED9834688) on September 28, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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FTAI Infrastructure unit agrees to buy USD Group crude oil logistics assets for USD 255 million

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