---
schema_version: "secwatch.filing_event.v1"
accession: "0000070318-26-000007"
form_type: "8-K"
ticker: "THC"
cik: "0000070318"
company_name: "TENET HEALTHCARE CORP"
filed_at: "2026-02-11T23:59:59+00:00"
generated_at: "2026-05-16T03:26:34.627457+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Tenet Q4 2025 adjusted EPS $4.70, up 36.6% YoY; FY2026 EBITDA guidance $4.485-$4.785B

## Summary
- Q4 net income $371M ($4.22 diluted EPS); adjusted EPS $4.70 vs $3.44 YoY; revenue $5.527B (+9% YoY).
- Consolidated Adj EBITDA $1.183B (+12.9%), margin 21.4%; Ambulatory EBITDA $580M (+9.4%), Hospital EBITDA $603M (+16.4%).
- FY2026 outlook: Adj EBITDA $4.485-$4.785B, revenue $21.5-$22.3B; free cash flow $2.94-$3.29B.
- Announced $1.9B payment from CommonSpirit over 3 years; Conifer stake redemption; recording $1.65B contract termination revenue in 2026.
- Repurchased 8.8M shares for $1.386B in FY2025; completed $2.25B debt refinancing in Nov 2025.

## SEC filing metadata
- accession: 0000070318-26-000007
- form_type: 8-K
- ticker: THC
- cik: 0000070318
- company_name: TENET HEALTHCARE CORP
- filed_at: 2026-02-11T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/70318/000007031826000007/0000070318-26-000007-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/70318/000007031826000007/thc-20260211.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000070318-26-000007
- JSON: https://secwatch.observer/filing/0000070318-26-000007.json
- Plain text: https://secwatch.observer/filing/0000070318-26-000007.txt

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