earnings
confidence high
sentiment positive
materiality 0.85
Tenet Q2 adjusted EPS $4.02 (+74% YoY); raises FY 2025 EBITDA outlook to $4.40-$4.54B
TENET HEALTHCARE CORP
2025-Q2 EPS reported
$7.43
revenue$10,494,000,000
- Q2 2025 net income $288M, $3.14 diluted EPS; adjusted diluted EPS $4.02 vs $2.31 in Q2 2024.
- Consolidated Adj. EBITDA $1.121B (+18.6% YoY); margin 21.3%. Ambulatory Care Adj. EBITDA $498M (+11.4%).
- Board authorized $1.5B increase to share repurchase program, leaving $1.781B remaining as of July 22.
- FY 2025 Adj. EBITDA outlook raised to $4.40-$4.54B (midpoint +$395M vs prior). Free cash flow guide $2.025-$2.275B.
- H1 2025 free cash flow $1.385B vs $948M in H1 2024; net debt/Adj. EBITDA 2.45x.
item 2.02item 9.01