Nov 5, 7:03 AM ET
Nexstar reported record third-quarter 2026 net revenue of $2.13 billion, up 78.0% from a year earlier, driven largely by its acquisition of TEGNA, which contributed $765 million of incremental revenue. Net income rose to $250 million from $65 million, and diluted earnings per share were $7.92 compared with $2.14. The company also repaid $350 million of debt in the quarter and $525 million more after quarter end, while a preliminary injunction limits its ability to realize expected TEGNA synergies.
- Q3 net revenue was $2,133 million, up from $1,198 million; advertising revenue rose 114.9% and distribution revenue rose 53.9%.
- Q3 diluted earnings per share were $7.92, compared with $2.14 in the prior-year quarter.
- Q3 Adjusted EBITDA was $756 million, up from $358 million, and political advertising revenue was a record $317 million.
- Total debt was $11.4 billion at September 30, 2026; the company repaid an additional $525 million of secured credit facilities after quarter end.
Read the filing on SEC.gov ↗
Oct 30, 12:22 PM ET
Nexstar Media Group's Board of Directors declared a quarterly cash dividend of $1.86 per share on its common stock, announced October 30, 2026. The dividend is payable November 27, 2026 to holders of record on November 13, 2026. The company says it intends to pay regular quarterly dividends, but future dividends will be reviewed and declared by the Board at its discretion.
- Quarterly cash dividend of $1.86 per share declared October 30, 2026
- Payable Friday, November 27, 2026
- Record date is Friday, November 13, 2026
- Future dividends, including increases, remain subject to quarterly Board review and discretion
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Aug 6, 7:03 AM ET
Nexstar reported record second-quarter 2026 net revenue of $1.99 billion, up 62.2% year over year, driven largely by its TEGNA acquisition, which closed March 19, 2026. Net income rose to $113 million, but its margin fell to 5.7% from 7.4%, reflecting $53 million of one-time transaction expenses and higher interest expense. Total debt stood at $11.7 billion as of June 30, 2026.
- Q2 net revenue of $1,993 million, up $764 million (62.2%) from $1,229 million a year earlier, including $697 million from TEGNA.
- Q2 net income of $113 million, up 24.2%; diluted EPS not provided for Q2 in the release beyond $3.61 versus $3.06 a year earlier.
- Interest expense, net rose to $190 million from $97 million in the prior-year quarter.
- A federal court preliminary injunction issued April 17, 2026 requires Nexstar and TEGNA to be held separate; trial is scheduled for July 6, 2027.
Read the filing on SEC.gov ↗
May 7, 7:04 AM ET
Nexstar reported first-quarter 2026 results for the period ended March 31, including TEGNA results from March 19 to 31 after the acquisition closed on March 19, 2026. Net revenue rose 13.1% to $1.40 billion and net income rose 64.9% to $160 million, though the income gain included a tax benefit of approximately $47 million and $42 million of one-time transaction expenses. Operating cash flow fell 14.2% to $289 million, and the company said it is involved in lawsuits seeking to enjoin the TEGNA acquisition.
- Net revenue of $1.40 billion, up $162 million or 13.1%, including $106 million from TEGNA
- Net income of $160 million, up $63 million, including a tax benefit of approximately $47 million and $42 million of one-time TEGNA-related expenses
- Adjusted EBITDA of $470 million, up 23.4%; net cash from operating activities of $289 million, down 14.2%
- Total debt of $12.2 billion at March 31, 2026, versus $6.3 billion at December 31, 2025
Read the filing on SEC.gov ↗
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