---
schema_version: "secwatch.filing_event.v1"
accession: "0000070318-25-000043"
form_type: "8-K"
ticker: "THC"
cik: "0000070318"
company_name: "TENET HEALTHCARE CORP"
filed_at: "2025-10-28T23:59:59+00:00"
generated_at: "2026-05-17T02:03:59.692361+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Tenet Q3 adjusted EPS $3.70 beats $2.93 YoY; raises FY2025 EBITDA outlook

## Summary
- Net income $342M ($3.86 diluted); adjusted EPS $3.70, up 26.3% YoY from $2.93.
- Consolidated Adjusted EBITDA $1.099B, +12.4% YoY; margin 20.8%.
- Same-facility ambulatory revenue +8.3%; hospital segment EBITDA $607M (+12.6%).
- FY2025 Adjusted EBITDA guidance raised to $4.47B-$4.57B (midpoint +$50M).
- Repurchased 0.6M shares for $93M in Q3; net debt/EBITDA 2.30x.

## SEC filing metadata
- accession: 0000070318-25-000043
- form_type: 8-K
- ticker: THC
- cik: 0000070318
- company_name: TENET HEALTHCARE CORP
- filed_at: 2025-10-28T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/70318/000007031825000043/0000070318-25-000043-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/70318/000007031825000043/thc-20251028.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000070318-25-000043
- JSON: https://secwatch.observer/filing/0000070318-25-000043.json
- Plain text: https://secwatch.observer/filing/0000070318-25-000043.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.