Quarterly ResultMay 5, 2026, 07:37 AM
Surgery Partners Q1 Revenue +4.5% to $810.9M; Reaffirms FY26 Guidance
AI Summary
Surgery Partners, Inc. announced its first quarter 2026 results, reporting a 4.5% increase in revenue to $810.9 million and a net loss attributable to the company of $35.9 million. Adjusted EBITDA for the quarter was $102.3 million. The company reaffirmed its full-year 2026 guidance, projecting revenue between $3.35 billion and $3.45 billion and Adjusted EBITDA of at least $530 million, signaling confidence in its operational performance and strategic initiatives.
Key Highlights
- Q1 2026 revenue increased 4.5% year-over-year to $810.9 million.
- Same-facility revenues grew 4.4% and same-facility cases increased 0.6% in Q1.
- Net loss attributable to Surgery Partners, Inc. was $35.9 million for Q1.
- Adjusted EBITDA for Q1 2026 was $102.3 million.
- Cash flows from operating activities improved to $11.7 million in Q1 2026.
- Reaffirmed full-year 2026 revenue guidance of $3.35 billion to $3.45 billion.
- Reaffirmed full-year 2026 Adjusted EBITDA guidance of at least $530 million.
- Total net debt to EBITDA ratio was approximately 4.3x as of March 31, 2026.
Price Impact
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