Research Reports

Summary

FTAI Infrastructure Inc. changed its independent registered public accounting firm from Ernst & Young LLP to KPMG LLP effective April 15, 2026, following Audit Committee approval and Board ratification, with no disagreements or reportable events disclosed for the prior two fiscal years or subsequent interim period.

Key takeaways

KPMG LLP was appointed as the new independent registered public accounting firm effective April 15, 2026, for the fiscal year ending December 31, 2026.

Ernst & Young LLP was dismissed on April 15, 2026, after serving as the Company’s auditor since 2021.

EY’s audit reports for fiscal years ended December 31, 2025 and 2024 contained no adverse opinions, disclaimers, or qualifications.

No disagreements or reportable consultations with KPMG occurred during the fiscal years 2024–2025 or through April 15, 2026.

Full analysis

This auditor change reflects a routine governance decision by FTAI Infrastructure Inc.’s Audit Committee and Board, with no indications of audit-related disputes, financial restatements, or regulatory concerns. EY’s unqualified audit opinions for 2024 and 2025 confirm the reliability of previously issued financial statements, and the absence of disagreements or reportable consultations with KPMG prior to engagement further supports procedural continuity. While auditor changes are not inherently negative, investors may monitor the transition for potential delays in future filings or shifts in accounting judgments—particularly given the timing (mid-year, ahead of the 2026 year-end audit cycle). The filing includes EY’s concurrence letter (Exhibit 16.1), satisfying SEC requirements under Item 4.01 and reinforcing transparency. No disclosure suggests cost, scope, or independence issues motivated the change; it appears to be a strategic selection aligned with the Company’s current scale and reporting needs.