secwatch.observer — SEC 8-K summary
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Issuer:     TENET HEALTHCARE CORP (THC)
CIK:        0000070318
Form:       8-K
Filed at:   2026-02-11T23:59:59+00:00
Accession:  0000070318-26-000007
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/70318/000007031826000007/0000070318-26-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/70318/000007031826000007/thc-20260211.htm
  HTML page:      https://secwatch.observer/filing/0000070318-26-000007

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