secwatch.observer — SEC 8-K summary
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Issuer:     TENET HEALTHCARE CORP (THC)
CIK:        0000070318
Form:       8-K
Filed at:   2025-07-22T23:59:59+00:00
Accession:  0000070318-25-000031
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tenet Q2 adjusted EPS $4.02 (+74% YoY); raises FY 2025 EBITDA outlook to $4.40-$4.54B
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/70318/000007031825000031/0000070318-25-000031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/70318/000007031825000031/thc-20250722.htm
  HTML page:      https://secwatch.observer/filing/0000070318-25-000031

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