Quarterly UpdatesJul 9, 2026, 06:08 AM
Cable One Q2 2026 Preliminary Revenue $346M-$352M; Updates MBI Offer
AI Summary
Cable One disclosed preliminary estimated financial and operating results for Q2 2026, projecting revenues between $346.0 million and $352.0 million and capital expenditures of $72.0 million to $76.0 million. The company expects net residential data subscriber losses of 16,000 to 18,000. Additionally, Cable One is considering not proceeding with the MBI Term Loan Exchange Offer, opting to leave MBI's senior secured term loans in place without new credit support after acquiring the remaining equity.
Key Highlights
- Preliminary Q2 2026 revenues expected to be $346.0 million to $352.0 million.
- Preliminary Q2 2026 capital expenditures projected at $72.0 million to $76.0 million.
- Net residential data subscriber losses estimated at 16,000 to 18,000 for Q2 2026.
- Average monthly revenue per residential data unit expected to be $80.00 to $81.00.
- Cash and cash equivalents totaled approximately $166.2 million as of June 30, 2026.
- Gross debt totaled approximately $3,058.4 million as of June 30, 2026.
- Company considering not consummating the MBI Term Loan Exchange Offer.
Price Impact
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