Quarterly ResultAug 6, 2026, 04:34 PM
Liberty Capital to Initiate Quarterly Dividend of $15M; Q2 Rev Flat
AI Summary
Liberty Capital Corporation reported second quarter 2026 results, with revenue remaining flat at $261 million, while operating income decreased 43% to $29 million and Adjusted OIBDA declined 11% to $96 million. The company announced its intention to initiate a recurring quarterly dividend of approximately $15 million, starting in December 2026. Additionally, GCI refinanced certain debt facilities with $480 million in additional financing capacity and repurchased $129 million of 2028 unsecured notes, with the Quintillion acquisition still expected to close this year.
Key Highlights
- Liberty Capital intends to initiate a recurring quarterly dividend of $15 million.
- Q2 2026 revenue was flat at $261 million compared to Q2 2025.
- Q2 2026 operating income decreased 43% to $29 million.
- Q2 2026 Adjusted OIBDA declined 11% to $96 million.
- GCI secured up to $480 million in additional financing capacity.
- GCI repurchased $129 million of 2028 unsecured notes subsequent to quarter end.
- GCI expects to close the Quintillion acquisition this year.
- Trailing twelve-month free cash flow was $59 million.
Price Impact
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