Tenet Healthcare Q1 profit rises to $702 million, reaffirms 2026 outlook
Tenet Healthcare reported first quarter 2026 net income available to common shareholders of $702 million, or $8.01 per diluted share, up from $406 million, or $4.27, a year earlier. Results include $413 million of revenue from the early conclusion of a contract with CommonSpirit Health, while adjusted EBITDA was roughly flat at $1.162 billion, and the company kept its full-year 2026 adjusted EBITDA outlook of $4.485 billion to $4.785 billion unchanged.
Key points
- Net operating revenues rose 2.8% to $5,368 million from $5,223 million a year earlier.
- Adjusted diluted EPS rose 10.6% to $4.82 from $4.36; GAAP diluted EPS was $8.01 versus $4.27.
- Adjusted EBITDA was $1.162 billion versus $1.163 billion, and the full-year 2026 adjusted EBITDA outlook was kept at $4.485 billion to $4.785 billion.
- The company repurchased 1.35 million shares for $318 million in the quarter.
The filing
Written by AI on Nov 8, 2026, 12:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 30, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.