[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  Frank [@justfactstruth](/creator/twitter/justfactstruth) on x 2576 followers Created: 2025-07-14 15:23:49 UTC $FIP Color from NYC investor meeting/dinner July 10th Adding risk at these levels s/ be rewarded Transtar- Nippon Steel's acquisition of US Steel is very positive w/ them committed to invest $XX billion in US production, including $X billion in Pittsburgh and $X billion in Gary, Indiana (both Transtar-connected sites) . The CEO now expects $30-40 million incremental EBITDA from Nippon's plans ***A new greenfield steel plant is expected to be built on an existing US Steel site. If a Transtar-connected site is selected, this could provide an additional $30-50 million in incremental EBITDA with no capex required from FIP. Long Ridge Energy- Long Ridge is in active conversations with three hyperscalers for potential data center deals. They hope to enter a contract with one of them this year, expecting $XX million in incremental annual EBITDA from a deal. Long Ridge is well-suited due to ample land, access to the Ohio River (for cooling), and adjacent grid connection. Another key advantage is FIP produces its own natural gas fuel-stock at a significantly lower cost, effectively ~ $X USD per unit, compared to the market price of above $X USD. Gas production in West Virginia is ramping up in July and excess gas will be sold into spot market. Repauno- Phase X with its X core contracts (Two 5-year contracts & one 7-year) is fully booked, completed construction and contracted and expected to contribute $XX million EBITDA. Phase X (Underground Caverns) permitting s/ be considered a "done deal" with a formal DEP approval & announcement expected any day after the official comment period ended on June 16th. FROM NGL INSIDER- *****A new player on the Delaware River is eyeing Energy Transfer’s (ET) stranglehold on the Northeast LPG market. The Repauno Port & Rail Terminal, located in Gibbstown, NJ, is planning an expansion that would challenge $ET Energy Transfer's Marcus Hook facility as the default outlet for Appalachian LPG exports. Repauno wisely hired and is led by Hank Alexander, former President of Commercial Operations at $ET. I expect $ET to make an offer to acquire Repauno. Jefferson- Management emphasized that material contracts for Jefferson are anticipated in the second half of the year. This reinforces their confidence in progressing towards the $100-120 million contracted annual EBITDA target by year-end. Ramp-up has been slower than originally expected but Jefferson has the"most robust pipeline of business" across NGL, oil, and ammonia. Corporate- Current debt structure includes $XXX million of preferred stock and $XXX million of high-yield debt resulting in a combined XX% cost of capital. Mgmt believes they are well-positioned to refinance aiming to reduce the cost of capital down to 8-8/5%. The CEO emphasized that while there is "zero pressure" to refinance due to no impending maturities, it represents a significant opportunity that they are keen to execute "soon" Mgmt does not plan to issue common equity as part of the corporate recap. XXXXX engagements  **Related Topics** [acquisition](/topic/acquisition) [investment](/topic/investment) [$fip](/topic/$fip) [Post Link](https://x.com/justfactstruth/status/1944779875207741725)
[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]
Frank @justfactstruth on x 2576 followers
Created: 2025-07-14 15:23:49 UTC
$FIP Color from NYC investor meeting/dinner July 10th Adding risk at these levels s/ be rewarded
Transtar- Nippon Steel's acquisition of US Steel is very positive w/ them committed to invest $XX billion in US production, including $X billion in Pittsburgh and $X billion in Gary, Indiana (both Transtar-connected sites) . The CEO now expects $30-40 million incremental EBITDA from Nippon's plans ***A new greenfield steel plant is expected to be built on an existing US Steel site. If a Transtar-connected site is selected, this could provide an additional $30-50 million in incremental EBITDA with no capex required from FIP.
Long Ridge Energy- Long Ridge is in active conversations with three hyperscalers for potential data center deals. They hope to enter a contract with one of them this year, expecting $XX million in incremental annual EBITDA from a deal. Long Ridge is well-suited due to ample land, access to the Ohio River (for cooling), and adjacent grid connection. Another key advantage is FIP produces its own natural gas fuel-stock at a significantly lower cost, effectively ~ $X USD per unit, compared to the market price of above $X USD. Gas production in West Virginia is ramping up in July and excess gas will be sold into spot market.
Repauno- Phase X with its X core contracts (Two 5-year contracts & one 7-year) is fully booked, completed construction and contracted and expected to contribute $XX million EBITDA. Phase X (Underground Caverns) permitting s/ be considered a "done deal" with a formal DEP approval & announcement expected any day after the official comment period ended on June 16th. FROM NGL INSIDER- *****A new player on the Delaware River is eyeing Energy Transfer’s (ET) stranglehold on the Northeast LPG market. The Repauno Port & Rail Terminal, located in Gibbstown, NJ, is planning an expansion that would challenge $ET Energy Transfer's Marcus Hook facility as the default outlet for Appalachian LPG exports. Repauno wisely hired and is led by Hank Alexander, former President of Commercial Operations at $ET. I expect $ET to make an offer to acquire Repauno.
Jefferson- Management emphasized that material contracts for Jefferson are anticipated in the second half of the year. This reinforces their confidence in progressing towards the $100-120 million contracted annual EBITDA target by year-end. Ramp-up has been slower than originally expected but Jefferson has the"most robust pipeline of business" across NGL, oil, and ammonia.
Corporate- Current debt structure includes $XXX million of preferred stock and $XXX million of high-yield debt resulting in a combined XX% cost of capital. Mgmt believes they are well-positioned to refinance aiming to reduce the cost of capital down to 8-8/5%. The CEO emphasized that while there is "zero pressure" to refinance due to no impending maturities, it represents a significant opportunity that they are keen to execute "soon" Mgmt does not plan to issue common equity as part of the corporate recap.
XXXXX engagements
Related Topics acquisition investment $fip