Frontier Communications (FYBR) reported Q3 EPS of $0.49, $0.30 better than the analyst estimate of $0.19. Revenue for the quarter came in at $1.44 billion versus the consensus estimate of $1.44 billion.
GUIDANCE:
Frontier’s guidance for the full year 2022 is:
Adjusted EBITDA of $2.05 - $2.15 billion
Fiber build of 1.1 - 1.2 million new locations
Cash capital expenditures of $2.50 - $2.60 billion
Cash taxes of approximately $20 million
Net cash interest payments of approximately $485 million
Cash pension and OPEB expense of approximately $75 million (net of capitalization)
Cash pension and OPEB contributions, including a catch-up from contribution waivers during bankruptcy, of approximately $135 million