NASDAQ$FYBR

Frontier Communications Parent Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Frontier Communications reported strong fourth-quarter results, driven by record operational performance and fiber expansion.

Frontier Communications reported Q4 2022 revenue of $1.44 billion and net income of $155 million. The company added a record 76,000 fiber broadband customers and built fiber to a record 381,000 locations. Consumer fiber broadband ARPU was $61.20, while business fiber broadband ARPU was $107.68.

  • Built fiber to a record 381,000 locations.
  • Added a record 76,000 fiber broadband customers.
  • Revenue of $1.44 billion and net income of $155 million were reported.
  • Annualized run-rate cost savings of $336 million was achieved.

Headline financials

Total Revenue

$1.44B

Previous: $1.54B-6.9%
EPS (adj)

$0.63

Previous: $0.77-18.2%
Net Income

$155M

Previous: $189M-18.0%
Operating Income

$136M

Previous: $272M-50.0%
Gross Profit

$911M

Previous: $997M-8.6%
Cash & Equivalents

$322M

Previous: $2.13B-84.9%
Total Assets

$18.6B

Previous: $16.5B+13.0%
Stock-Based Comp

$28M

Previous: $18M+55.6%

Revenue & EPS history

Frontier Communications · Revenue · Quarterly

$1.44B

Q4 2022-6.9%vs Q4 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 provided guidance for the full year 2023, including Adjusted EBITDA of $2.11 - $2.16 billion and fiber build of 1.3 million new locations.

Tailwinds

  • Adjusted EBITDA of $2.11 - $2.16 billion
  • Fiber build of 1.3 million new locations
  • Cash capital expenditures of $2.80 billion
  • Cash taxes of approximately $20 million
  • Net cash interest payments of approximately $630 million

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———
Q3 2020———
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Q4 2010———
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