NASDAQ$FYBR

Frontier Communications Parent Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Frontier Communications reported first-quarter 2022 results, showing record customer growth and accelerated transformation.

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.

Headline financials

Total Revenue

$1.45B

Previous: $2.23B-35.1%
EPS (adj)

$0.26

Previous: $43.42-99.4%
Net Income

$65M

Previous: $4.54B-98.6%
Operating Income

$121M

Previous: $351M-65.5%
Gross Profit

$894M

Previous: $1.4B-36.2%
Cash & Equivalents

$1.3B

Previous: $2.11B-38.3%
Total Assets

$16.8B

Previous: $17B-1.2%
Stock-Based Comp

$15M

Previous: -$1M+1600.0%

Revenue & EPS history

Frontier Communications · Revenue · Quarterly

$1.45B

Q1 2022-35.1%vs Q1 2021
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Revenue by segment

Frontier Communications · $2.38B total across 4 segments · Q3 2020

  • Consumer
    $859M-8.9%
  • Data & Internet
    $838M—
  • Voice Services
    $500M—
  • Video Services
    $186M—

Forward guidance

Frontier reaffirmed its operational and financial guidance expectations for 2022.

Tailwinds

  • 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

Headwinds

  • 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

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 8 quarterly earnings reports

Historical avg

+0.1%

Avg return

Earnings day

+1.1%

Avg return

5 days after

+2.5%

Avg return

30 days after

50%

9 / 18 earnings

Positive

+12.1%

Q4 2023

Best reaction

-12.8%

Q1 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026———
Q3 2025+0.3%+0.2%+0.4%
Q2 2025+0.3%+0.2%+1.6%
Q1 2025+0.1%-0.5%+1.5%
Q4 2025+0.0%+0.5%+0.0%
Q3 2024-1.0%-2.6%-2.6%
Q2 2024-9.8%-5.0%-0.1%
Q1 2024+9.5%+5.6%+11.1%
Q4 2023+12.1%+10.2%+8.3%
Q3 2023+6.8%——
Q2 2023-0.6%——
Q1 2023-12.8%——
Q4 2022-1.4%——
Q3 2022-8.3%——
Q2 2022+3.6%——
Q1 2022-4.0%——
Q4 2021+3.1%——
Q3 2021+3.9%——
Q2 2021-0.5%——
Q1 2021———
Q4 2020———
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Q4 2010———
Q3 2010———

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