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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.
Revenue by Segment
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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