Quarterly ResultApr 30, 2026, 04:15 PM
THC Q1 Diluted EPS $8.01; Net Income +45.7%; Conifer RCM Deal
AI Summary
TENET HEALTHCARE CORP reported strong Q1 2026 results, with diluted EPS increasing by 87.6% to $8.01 and net income rising 45.7% to $906 million, significantly boosted by $413 million in revenue from a contract termination. The company entered into an Omnibus Agreement with CHI, concluding the Conifer RCM Agreement by December 2026, and will receive $1.9 billion in installments. This agreement also involved the redemption of CHI's minority equity interest in Conifer for $540 million. Net cash provided by operating activities more than doubled to $1,641 million.
Key Highlights
- Omnibus Agreement with CHI to conclude Conifer RCM Agreement by Dec 2026.
- Received $1.9B from CHI in installments, including $540M offset for Conifer equity redemption.
- Q1 2026 diluted EPS $8.01, up 87.6% from $4.27 in Q1 2025.
- Q1 2026 net income $906M, up 45.7% from $622M in Q1 2025.
- Net operating revenues $5,368M, up 2.8% from $5,223M in Q1 2025.
- Revenue from contract termination was $413M in Q1 2026.
- Net cash provided by operating activities $1,641M, up 101.3% YoY.
- Repurchased 1,346K shares for $318M in Q1 2026; $1,172M remains authorized.