Quarterly ResultApr 30, 2026, 05:22 PM
CABO Q1 Net Income $35.8M, EPS $6.29; MBI Acquisition Pending
AI Summary
Cable One, Inc. reported a significant increase in net income and EPS for Q1 2026, despite a decline in total revenues. The company's net income rose to $35.8 million, with diluted EPS reaching $6.12. This improvement was partly driven by a gain on the sale of fiber-to-the-tower contract rights and reduced equity method investment losses. Additionally, Cable One is proceeding with the acquisition of the remaining equity interests in MBI, expected to close in Q4 2026, and plans to divest its Clearwave Fiber equity.
Key Highlights
- MBI investors exercised Put Option; CABO to acquire remaining ~55% equity, closing expected Oct 1, 2026.
- CABO to contribute Clearwave Fiber equity to Point Broadband for additional equity in Point, closing Q2 2026.
- Q1 2026 Net Income $35.8M, up from $2.6M in Q1 2025.
- Q1 2026 Diluted EPS $6.12, up from $0.46 in Q1 2025.
- Q1 2026 Total Revenues $353.0M, down from $380.6M in Q1 2025.
- Residential Data Revenue $213.6M, Residential Video Revenue $40.8M.
- Sold fiber-to-the-tower contract rights for $42.0M cash, recognizing a $26.6M gain.
- Net cash provided by operating activities $118.2M, up from $116.3M YoY.
Price Impact
More from CABO