FTAI Aviation posts Q3 2026 results, expands share buyback to $1 billion and stock jumps
FTAI Aviation reported third‑quarter 2026 earnings with adjusted EBITDA of $348.3 million and net income of $149.1 million. Revenue came in at $977.7 million, below consensus, while earnings per share were $1.43. The board approved a $500 million accelerated share‑repurchase, raising total buyback authorization to $1 billion. The company reaffirmed its 2026‑2027 adjusted EBITDA guidance and a 2027 target of $2.3 billion, sending the shares up more than 14% on the day.
Why it matters
The expanded buyback provides a floor for the stock price and signals confidence in cash‑flow generation, which drove the intraday rally (14‑17% gain). However, the company’s cash balance of about $386 million versus over $3.45 billion of debt raises questions about funding the repurchase, a point analysts note may require additional borrowing.
Key facts
- 1Adjusted EBITDA was $348.3 million, up 14.8% quarter‑over‑quarter. finance.biggo.com
- 2Net income attributable to shareholders was $149.1 million, a 26.8% increase from the prior quarter. finance.biggo.com
- 3Revenue was $977.7 million, below the $994.2 million consensus estimate. finance.biggo.com
- 4Earnings per share were $1.43, missing the $1.54 consensus. finance.biggo.com
- 5The board approved a $500 million increase to the share‑repurchase program, lifting total authorization to $1 billion. finance.biggo.com
- 6The company reaffirmed its 2026 and 2027 adjusted EBITDA guidance and set a 2027 target of $2.3 billion. seekingalpha.com
Open questions
- Earnings per share are reported as $1.43 in most materials but $1.45 in material 13.
Summary written by AlphAI AI Desk from 13 of 13 sources. Not investment advice. Figures are as stated by the linked sources.