Quarterly ResultMay 5, 2026, 04:28 PM
Qwest Q1 Net Loss $226M Driven by $242M Divestment Loss
AI Summary
Qwest Corporation reported a net loss of $226 million for Q1 2026, a significant decline from a net income of $284 million in Q1 2025. This was primarily due to a $242 million net pre-tax loss recorded on the sale of its Mass Markets Fiber-to-the-Home business to AT&T, completed on February 2, 2026. Total operating revenue decreased to $1,051 million from $1,222 million year-over-year, and operating income fell to $47 million from $388 million. The company also saw a decrease in net cash provided by operating activities.
Key Highlights
- Net loss of $226M in Q1 2026 vs. net income of $284M in Q1 2025.
- Recorded $242M net pre-tax loss on Mass Markets Fiber-to-the-Home business sale.
- Total operating revenue decreased to $1,051M from $1,222M YoY.
- Operating income fell to $47M from $388M YoY.
- Proceeds from the business sale totaled $2,366M in Q1 2026.
- Net cash provided by operating activities was $264M, down from $453M YoY.
- Income tax expense increased to $288M from $99M YoY.