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Mar 31, 2022
Frontier Communications Q1 2022 Earnings Report
Frontier Communications reported first-quarter 2022 results, showing record customer growth and accelerated transformation.
Key Takeaways
Frontier Communications reported a revenue of $1.45 billion and a net income of $65 million. The company built fiber to a record 211,000 locations and added a record 54,000 fiber broadband customer net additions.
Built fiber to a record 211,000 locations.
Added a record 54,000 fiber broadband customer net additions, resulting in fiber broadband customer growth of 10.4% from the first quarter of 2021.
Reported revenue of $1.45 billion and net income of $65 million.
Achieved record-low consumer churn across both fiber and copper broadband customers.
Frontier Communications
Frontier Communications
Frontier Communications Revenue by Segment
Revenue by Segment
Consumer Revenue
CapyFin.com Forward Guidance
Frontier reaffirmed its operational and financial guidance expectations for 2022.
Positive Outlook
- Adjusted EBITDA of $2.00 - $2.15 billion
- Fiber build to at least 1 million new locations
- Cash capital expenditures of $2.40 - $2.50 billion
- Cash taxes of approximately $20 million
- Net cash interest payments of approximately $430 million
Challenges Ahead
- Net cash interest payments of approximately $430 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 (net of capitalization)
- Decline in consolidated revenue
- Decline in Adjusted EBITDA and Adjusted EBITDA margin