FYBR - Frontier Communications Parent GAAP EPS of $0.41 beats by $0.18 revenue of $1.46B beats by $10M

• Frontier Communications Parent press release ( NASDAQ: FYBR ): Q2 GAAP EPS of $0.41 beats by $0.18 .
• Revenue of $1.46B (-9.9% Y/Y) beats by $10M .
• Added 54,000 fiber broadband customer net additions, resulting in fiber broadband customer growth of 13.4% compared with the second quarter of 2021

• 2022 Outlook ⁴

  Frontier today increased its operational and financial guidance expectations for 2022.

  Frontier’s guidance for the full year 2022 is:

  • Adjusted EBITDA of $2.05 - $2.15 billion, an increase from prior guidance of $2.00 - $2.15 billion
  • Fiber build of 1.1 - 1.2 million new locations, an increase from prior guidance of 1.0 million new locations
  • Cash capital expenditures of $2.50 - $2.60 billion, an increase from prior guidance of $2.40 - $2.50 billion due to the accelerated fiber build
  • Cash taxes of approximately $20 million, unchanged from prior guidance
  • Net cash interest payments of approximately $485 million, an increase from prior guidance of $430 million to reflect the $1.20 billion of debt raised in May

For further details see: