Quarterly ResultApr 30, 2026, 06:52 AM
THC Q1 Net Income $702M (+72.9%); Adj. EPS $4.82 (+10.6%)
AI Summary
Tenet Healthcare Corporation reported strong first quarter 2026 financial results, with net income available to common shareholders increasing 72.9% to $702 million, or $8.01 per diluted share. Adjusted diluted earnings per share rose 10.6% to $4.82. Consolidated Adjusted EBITDA was $1.162 billion, while net operating revenues grew 2.8% to $5.368 billion. The quarter's results included a significant $413 million in revenue from the early conclusion of the CommonSpirit Health contract, contributing to strong operating cash flow and share repurchases. The company maintained its full-year 2026 Adjusted EBITDA outlook.
Key Highlights
- Net income available to common shareholders: $702M (+72.9% YoY).
- Adjusted diluted EPS: $4.82 (+10.6% YoY).
- Consolidated Adjusted EBITDA: $1.162B (flat YoY).
- Net operating revenues: $5.368B (+2.8% YoY).
- Ambulatory Care Adjusted EBITDA: $484M (+6.1% YoY).
- Recognized $413M revenue from early CommonSpirit contract conclusion.
- Net cash from operating activities: $1.641B (+101.3% YoY).
- Repurchased 1.35M shares for $318M.