earnings
confidence high
sentiment neutral
materiality 0.85
Uniti Q2 net loss $10.7M, AFFO $0.36; completes Windstream merger, provides combined 2025 outlook
Uniti Group Inc.
- Net loss of $10.7M ($0.04 diluted EPS); AFFO $0.36 per diluted share; revenue $300.7M; Adjusted EBITDA $242.6M (81% margin).
- Closed merger with Windstream on Aug 1; legacy Uniti shareholders received 0.6029 shares per share; Windstream shareholders received $371M cash, $575M preferred, ~38% of common.
- Issued $600M 8.625% Senior Unsecured Notes due 2032; used proceeds to redeem $500M of 10.5% secured notes.
- Combined 2025 outlook: revenue $2.215-2.265B; Adjusted EBITDA $1.11-1.16B; net loss $(125)-$(75)M.
- Leverage ratio 5.75x net debt/Adjusted EBITDA; liquidity $740.7M cash and undrawn revolver.
item 2.02item 9.01