NASDAQ$FYBR
Frontier Communications Parent Inc · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Frontier Communications reported record new fiber locations and fiber broadband customer growth.
Frontier Communications reported Q3 2021 results, delivering revenue of $1.58 billion and net income of $126 million. The company built fiber to a record 185,000 locations and added a record 29,000 new fiber broadband customers.
- Built fiber to a record 185,000 locations in the third quarter, bringing total fiber passings to 3.8 million.
- Added a record 29,000 new fiber broadband customers during the quarter.
- Delivered third-quarter revenue of $1.58 billion and net income of $126 million.
- Raised $1 billion of debt in October, contributing to liquidity of approximately $2.7 billion.
Headline financials
Revenue & EPS history
Frontier Communications · Revenue · Quarterly
$1.58B
Revenue by segment
Frontier Communications · $2.38B total across 4 segments · Q3 2020
- Consumer$859M-8.9%36.0%
- Data & Internet$838M—35.2%
- Voice Services$500M—21.0%
- Video Services$186M—7.8%
Forward guidance
Frontier reaffirmed its operational and financial guidance expectations for 2021.
Tailwinds
- Adjusted EBITDA of $2.40 - $2.50 billion
- Cash capital expenditures of approximately $1.8 billion
- Fiber build to at least 600,000 new locations in 2021
- Cash taxes of approximately $50 million
- Cash interest payments of approximately $365 million
Headwinds
- Cash pension and OPEB of approximately $70 million (net of capitalization)
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 8 quarterly earnings reports
+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
| Quarter | Report date | Reaction (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% | — | — | |
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