secwatch.observer — SEC 8-K summary
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Issuer:     TENET HEALTHCARE CORP (THC)
CIK:        0000070318
Form:       8-K
Filed at:   2025-02-12T23:59:59+00:00
Accession:  0000070318-25-000005
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tenet Q4 EPS $3.32 (adj. $3.44); FY2025 adj. EBITDA guidance $3.975-4.175B
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- Q4 net income $318M ($3.32 diluted); adjusted EPS $3.44 vs $2.68 year ago.
- Q4 net operating revenue $5.072B (down 5.7% YoY from $5.379B on hospital divestitures).
- Q4 consolidated adjusted EBITDA $1.048B (20.7% margin); Ambulatory adj. EBITDA up 14.2% to $530M.
- FY2025 outlook: adj. EBITDA $3.975-4.175B, adj. EPS $11.74-12.84, free cash flow $1.8-2.05B.
- Net debt-to-adjusted EBITDA improved to 2.54x at Dec 31, 2024; repurchased 5.6M shares for $672M in 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/70318/000007031825000005/0000070318-25-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/70318/000007031825000005/thc-20250212.htm
  HTML page:      https://secwatch.observer/filing/0000070318-25-000005

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