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UNIT News
UNIT Events
Uniti Reports Q2 Revenue of $909.7M, Beating Expectations
Reports Q2 revenue $909.7M, consensus $887.02M. "We had a record-breaking quarter at Uniti on several fronts, highlighted by our highest level of new bookings MRR at Fiber Infrastructure of $2.2 million, an almost 30% increase from the previously highest reported level. Our robust bookings continue to be fueled by the strong demand we are seeing from hyperscalers and neocloud providers for both dark and lit wave solutions. At Kinetic, we saw the most consumer fiber net adds and fiber premises constructed ever on record, reinforcing the significant progress we are making on our fiber-to-the-home build while remaining on track to pass 3.5 million homes with fiber by the end of 2029. With respect to our balance sheet, we continue to be active in the asset securitization market with our recently completed $1.1 billion transaction at Kinetic. To date, we have successfully raised almost $3 billion through asset securitizations. While we expect to continue to be active in this market, we will also take a balanced approach to raising capital through traditional debt markets and/or monetizing non-core assets," commented Kenny Gunderman, President and Chief Executive Officer of Uniti.
Company Raises FY26 Adjusted EBITDA Outlook to $1.45B-$1.5B
Consensus $3.63B. Raises FY26 adjusted EBITDA view to $1.45B-$1.5B from $1.43B-$1.48B. The company said, "The Company is updating its 2026 outlook primarily for business unit level revisions, the recently completed Kinetic asset securitization, and transaction related and other costs incurred to date.'
Uniti Wholesale Expands Infrastructure and Customer Agreements
Uniti Wholesale announced a series of strategic infrastructure expansions and new customer agreements, further strengthening its position as a premier infrastructure partner for hyperscale and neo-cloud providers. Strategic Market Highlights: Jackson, Miss.: signed new metro dark fiber agreements representing 4,313 contracted fiber miles, including an expanded award from a major hyperscaler and a neo-cloud provider. These agreements demonstrate Uniti's ability to capture additional demand and drive incremental growth from infrastructure deployed in 2024. Birmingham, Ala.: initiated a new 69-route-mile metro build featuring high-count fiber and multiple conduits, further expanding Uniti's network investments in Alabama alongside existing builds in Huntsville and Montgomery. Tulsa, Okla.: secured a new 50-rack colocation agreement, further advancing Uniti's market expansion and supporting its previously announced ultra-high-capacity routes connecting Tulsa to Dallas and Amarillo. In parallel, Uniti is building a metro-ring between its long-haul POPs to enhance connectivity and support future growth.
T-Mobile and TPG Plan to Acquire Uniti Group
TMT Finance is said to be reporting that T-Mobile (TMUS) and TPG (TPG) are working on a bid to acquire Uniti Group (UNIT), trading contacts tell The Fly. Shares of Uniti are up 59c, or 7%, to $8.69 ahead of the close.
US Stocks Volatile After US-Israel Strikes on Iran
The major averages were lower throughout the morning but bounced back to have a mixed finish as markets react to news over the weekend of coordinated U.S.-Israeli strikes against Iran, as well as subsequent regional retaliation. The attacks generated widespread volatility and elevated uncertainty across asset classes. Many oil and defense names were rising following the news, with the price of oil surging amid concerns of supply disruptions, particularly around the Strait of Hormuz, a critical energy shipping corridor. Meanwhile, travel and airline stocks were falling amid worries around international travel in the region and abroad.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Oil stocks such as Exxon Mobiland Chevronwereafter U.S. and Israel attacked Iran over the weekendShares of defense contractors, including Lockheed Martinand Northrop Grumman,after the attacks on IranMeanwhile, travel names such as Expediaand Delta Air Linesafter the attacksAppleintroducedand announced a new iPad AirNvidiais partnering with andin Lumentumwhile also announcing a multiyear strategic agreement with Coherent2. WALL STREET CALLS:Netflixwith Overweight from Neutral at JPMorganCrowdStriketo Overweight at Piper SandlerPiper Sandler and StifelRestaurant Brandsfollowing investor dayNovo Nordiskto Neutral at Goldman SachsWall Streetof recent IPOs Forgent Power Solutionsand Bob's Discount Furniture3. AROUND THE WEB:Amazonhas closed fulfillment center operations and halted deliveries in Abu Dhabi amid tensions in the Middle East, Business Insider reportsBYD'svehicle sales dropped 41% year-over-year in February after retail activity in China stood close to a standstill for much of the month, Bloomberg reportsIn February, Teslagained market share in France and Norway, signaling stabilization in Europe after two years of declining sales, Reuters reportsQatarEnergy ceased liquefied natural gas production after military attacks on its Ras Laffan complex, the company said in a statement, according to Bloomberg. U.S. liquid natural gas producers that may react to this news include Cheniere Energyand Venture Global.Australia's internet regulator may push for search engines and app stores to block AI services that fail to verify users' ages, Reuters reports. App store and search engine operators in the space include Apple, Google, and Samsung.4. MOVERS:Venture Globalgains afterand announcing an LNG purchase agreement with TrafiguraOndashigher after announcing aRed Catincreases after announcing Allen Control has joined theuniQurefalls in New York afterand announcing the FDA recommended an additional study for its AMT-130 submissionAES Corp.lower after announcing itby a consortium led by GIP and EQT for $15/share in cash5. EARNINGS/GUIDANCE:Norwegian Cruise Lineand provided guidance for Q1 and FY26Belite Bio, with EPS beating consensusRadNetand provided guidance for FY26Turning Point Brands, with CEO Graham Purdy commenting, "We are excited by the growth of the modern oral category and the strong performance of our FRE and ALP brands"Uniti Groupand provided guidance for FY26INDEXES:The Dow fell 73.14, or 0.15%, to 48,904.78, the Nasdaq gained 80.65, or 0.36%, to 22,748.86, and the S&P 500 advanced 2.74, or 0.04%, to 6,881.62.
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