---
schema_version: "secwatch.filing_event.v1"
accession: "0001071739-23-000114"
form_type: "8-K"
ticker: "CNC"
cik: "0001071739"
company_name: "CENTENE CORP"
filed_at: "2023-04-25T23:59:59+00:00"
generated_at: "2026-06-16T15:24:06.064683+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Centene Q1 adjusted EPS $2.11, raises FY2023 adjusted EPS guidance to at least $6.40

## Summary
- GAAP diluted EPS $2.04; adjusted diluted EPS $2.11; premium & service revenues $35.0B (+2% YoY).
- Health benefits ratio 87.0% (down from 87.3% YoY) driven by disciplined Marketplace pricing and favorable Medicare.
- FY2023 adjusted EPS guidance raised to at least $6.40; 2024 adjusted EPS target updated to >$6.60.
- Total at-risk membership 25.7M (+10% YoY); Marketplace membership up 52% to 3.1M.
- Cash flow from operations $4.3B; repurchased 4.9M shares for $377M in Q1, additional 3M shares in April.

## SEC filing metadata
- accession: 0001071739-23-000114
- form_type: 8-K
- ticker: CNC
- cik: 0001071739
- company_name: CENTENE CORP
- filed_at: 2023-04-25T23:59:59+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/1071739/000107173923000114/0001071739-23-000114-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1071739/000107173923000114/cnc-20230425.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001071739-23-000114
- JSON: https://secwatch.observer/filing/0001071739-23-000114.json
- Plain text: https://secwatch.observer/filing/0001071739-23-000114.txt

## Key facts
- Earnings Releases
  CENTENE CORP reported the first quarter ended March 31, 2023 results: revenue $35.0 billion, EPS $2.04. Guidance raised.
  - Period: the first quarter ended March 31, 2023
  - Revenue: $35.0 billion
  - EPS: $2.04
  - Guidance: raised
  - Result: reported results
  source text: CENTENE CORPORATION REPORTS FIRST QUARTER 2023 RESULTS -- Diluted E PS of $2.04; Adjusted Diluted EPS of $2.11 -- -- Increases 2023 Full Year Guidance and Updates 2024 Target -- • Increased 2023 full year Adjusted EPS guidance to at least $6.40 driven by strong performance in its market leading Medicaid and Marketplace businesses. • Premium and service revenues of $35.0 billion in the first quarter of 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1071739/000107173923000114/0001071739-23-000114-index.htm

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