The company has not filed an annual or quarterly report since its Q2 FY2021 10-Q, filed Aug 3, 2021. Its latest SEC filing is a 25-NSE/A from Jul 22, 2022.
10-Q for Q2 FY2021, filed Aug 3, 2021
The sections below describe the company as of the FY2020 annual report.
Sells aviation fuel and airport services to aviation customers, and distributes gas to households and organizations in Hawaii.
10-K for FY2020, filed Feb 17, 2021
Atlantic Aviation sells fuel at a contracted price or a price negotiated at purchase, while customers rent hangar space month to month or under longer-term contracts. Hawaii Gas bills monthly for delivered gas based on consumption; renewable projects sell electricity at a fixed price under long-term agreements, with income tied to delivery.
10-K for FY2020, filed Feb 17, 2021Atlantic Aviation buys fuel at a wholesale price and sells fuel to customers either at a contracted price, or at a price negotiated at the…View ↗
Hangar. Hangar rentals includes both month-to-month rentals and rentals from longer term contracts. Hangar rental revenue excludes…View ↗
Revenue from the Hawaii Gas business is generated from the distribution and sales of synthetic natural gas (SNG), LPG, liquefied natural…View ↗
Revenue from Hawaii Gas is recorded in product revenue. Hawaii Gas recognizes revenue when products are delivered. Sales of gas to…View ↗
The renewables projects within MIC Hawaii sell substantially all of the electricity generated at a fixed price to primarily electric…View ↗
10-K for FY2020, filed Feb 17, 2021
FY2020 revenue by product or service ↗$847M
10-K for FY2020, filed Feb 17, 2021
$847M ↗| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Fuel
Sold outright
10-K for FY2020, filed Feb 17, 2021 |
50%
FY2017: 37%
|
Fuel, FY2020
$424M Sources
|
Sold outright |
|
Hangar
Recurring
10-K for FY2020, filed Feb 17, 2021 |
12%
FY2017: 4.7%
|
Hangar, FY2020
$99M Sources
|
Recurring |
|
Other
|
17%
FY2017: 11%
|
Other, FY2020
$144M Sources
|
|
|
Lease
Recurring
|
0.4%
FY2017: 0.2%
|
Lease, FY2020
$3M Sources
|
Recurring |
|
Gas
Usage-based
10-K for FY2020, filed Feb 17, 2021 |
19%
FY2017: 13%
|
Gas, FY2020
$163M Sources
|
Usage-based |
|
Other Product
|
1.7%
FY2017: 0.7%
|
Other Product, FY2020
$14M Sources
|
Atlantic Aviation serves aircraft owners and operators, corporate flight departments, and charter and fractional-aircraft managers. Hawaii Gas distributes gas to industrial, commercial, residential, and government customers through utility pipelines, truck deliveries, and cylinders.
10-K for FY2020, filed Feb 17, 2021Atlantic Aviation operates FBOs at 69 airports in the U.S that provide fuel, terminal, aircraft hangaring, and other services primarily to…View ↗
Atlantic Aviation's customers include individual owner/operators of GA jet aircraft, corporate flight departments, charter operators, and…View ↗
Hawaii Gas’ utility business includes the processing, distribution, and sale of synthetic natural gas (SNG) and renewable natural gas (RNG)…View ↗
Hawaii Gas processes and distributes SNG from a plant located on the west side of Oahu. A 22-mile transmission pipeline links the SNG plant…View ↗
The non-utility business of Hawaii Gas provides LPG to customers that are not connected to Hawaii Gas’ utility pipeline system on each of…View ↗
No. It lost $928M in FY2020.
10-K for FY2020, filed Feb 17, 2021
10-Q for Q2 FY2021, filed Aug 3, 2021
$7.3MView ↗
10-Q for Q2 FY2021, filed Aug 3, 2021
Open tableView ↗
8-K, filed Sep 22, 2021
On September 22, 2021, the Predecessor completed the Merger in accordance with the agreement and plan of merger, dated March 30, 2021 (the…View ↗
8-K, filed Jun 15, 2021
On June 14, 2021, Macquarie Infrastructure Corporation (the “Company”) and its subsidiary Macquarie Infrastructure Holdings, LLC (“MIH”)…View ↗
8-K, filed Jun 7, 2021
On June 7, 2021, Macquarie Infrastructure Corporation (the “Company”) and its subsidiaries Macquarie Infrastructure Holdings, LLC…View ↗
Shrank. Revenue fell 44% in 4 years, from $1.5B in FY2016 to $847M in FY2020, about 13% a year.
Bulk liquid terminals
Bulk liquid terminaling is no longer among the operating businesses: the older report lists IMTT as a segment, while the latest report says its sale was completed.
10-K for FY2017, filed Feb 21, 2018 10-K for FY2020, filed Feb 17, 2021International-Matex Tank Terminals (IMTT): a business providing bulk liquid terminalling to third parties at 17 terminals in the U.S. and…View ↗
In October 2019, along with actively managing our existing portfolio of businesses, our Board resolved to pursue strategic alternatives…View ↗
Contracted power
Contracted electricity generation left the portfolio: the older report lists gas-fired, wind and solar assets, while the latest says the segment was eliminated after those assets became discontinued operations.
10-K for FY2017, filed Feb 21, 2018 10-K for FY2020, filed Feb 17, 2021Contracted Power (CP): comprising electricity generating assets including a gas-fired facility and controlling interests in wind and solar…View ↗
Effective October 1, 2018, the Bayonne Energy Center (BEC) and substantially all of our portfolio of solar and wind power generation…View ↗
Competes with Signature Aviation, Jet Aviation, Million Air, Sheltair Aviation, TAC Air, and Ross Aviation
10-K for FY2020, filed Feb 17, 2021Atlantic Aviation’s main competitors are Signature Aviation, Jet Aviation, Million Air (network of franchisees), Sheltair Aviation, TAC…View ↗
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