secwatch.observer — SEC 8-K summary
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Issuer:     TENET HEALTHCARE CORP (THC)
CIK:        0000070318
Form:       8-K
Filed at:   2025-10-28T23:59:59+00:00
Accession:  0000070318-25-000043
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/70318/000007031825000043/0000070318-25-000043-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/70318/000007031825000043/thc-20251028.htm
  HTML page:      https://secwatch.observer/filing/0000070318-25-000043

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer