Frontier Communications (NASDAQ: FYBR) reported Q3 EPS of $0.05, $0.08 better than the analyst estimate of ($0.03). Revenue for the quarter came in at $1.44 billion versus the consensus estimate of $1.44 billion.

OUTLOOK

Frontier today updated interest expense guidance, while reaffirming all other operational and financial expectations for 2023.

Frontier’s guidance for the full year 2023 is:

Unchanged from Prior Guidance

Adjusted EBITDA of $2.11 - $2.16 billion
New fiber passings of 1.3 million
Cash capital expenditures of $3.00 - $3.20 billion
Cash taxes of approximately $20 million
Pension and OPEB expense of approximately $50 million (net of capitalization)
Cash pension and OPEB contributions of approximately $125 million

Changes to Guidance

Net cash interest payments of approximately $700 million, an increase from prior guidance of $655 million, reflecting the $1.6 billion of debt raised in August 2023

For earnings history and earnings-related data on Frontier Communications (FYBR) click here.