Ardent Health Partners, Inc. (ARDT)
NYSE:ARDT
Earnings Data
Report Date
May 12, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.18Last Year’s EPS
0.29Same Quarter Last Year
Moderate Buy
Based on 9 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlighted substantial progress: record annual revenue and EBITDA, a sharp increase in operating cash flow, strengthened liquidity and leverage metrics, accelerated IMPACT program savings (raised to $55M), and measurable labor and operational improvements driven by staffing optimization and technology. Management remained cautious about industry headwinds—payer denials, elevated professional fees, and exchange enrollment risk—which are expected to pressure 2026 results and were conservatively built into guidance (2026 EBITDA midpoint below 2025). Overall, the tone balances strong operational and financial execution with prudent caution around near-term policy and payer risks; management expects the benefits of IMPACT and technology to drive a return to EBITDA growth in 2027.Company Guidance
Record Financial Performance
Full-year 2025 revenue of $6.3 billion, up 6% year-over-year; adjusted EBITDA of $545 million, up 9% with margin expansion of 20 basis points to 8.6%; operating cash flow of $471 million in 2025, up 49% versus 2024; Q4 operating cash flow $223 million.
Raised IMPACT Program Target
IMPACT operating transformation program now expected to contribute approximately $55 million to adjusted EBITDA in 2026 (raised from $40 million); about $5 million of IMPACT savings recognized in 2025 with the rest ramping into 2026.
Labor and Staffing Improvements
Salaried wages & benefits declined 0.4% year-over-year in Q4; SWB (salaries, wages & benefits) per adjusted admission declined 2% in Q4 after earlier growth; contract labor expenses reduced 26% to $17 million in Q4 and now account for 2.6% of SWB (lowest since 2019); agency labor FTEs reduced by ~175 in last 4 months of 2025.
Strengthened Balance Sheet and Liquidity
Total cash increased by ~ $150 million to $710 million at year-end 2025; lease-adjusted net leverage reduced ~0.5x to 2.5x (from 2.9x); total net leverage 0.8x; total available liquidity approximately $1.0 billion; total debt outstanding $1.1 billion.
Q4 Operational Wins and Efficiency
Q4 adjusted EBITDA of $134 million was ~2% above guidance midpoint; first-case on-time starts in operating rooms improved by over 10 percentage points Q4 vs Q3; surgeries were essentially flat in Q4 while adjusted admissions grew ~2% (Q4) and full-year admissions growth was 5.3% with adjusted admissions growth 2.3% (full year).
Technology and AI-Driven Care Transformation
Enterprise AI and virtual care initiatives driving efficiency: AI scribe reduces physician documentation time by 35% and is used in ~85% of patient visits; planned AI-assisted virtual care expansion to span >2,000 patient rooms by year-end; medical wearables in implemented markets reduced mortality by up to 15% and shortened length of stay by ~1/3 day.
Disciplined 2026 Guidance
Issued 2026 adjusted EBITDA guidance of $485M-$535M (midpoint $510M) and revenue guidance of $6.4B-$6.7B (~3.6% growth at midpoint); management expects core earnings growth (~4%) plus IMPACT savings to offset known headwinds and anticipates EBITDA growth resuming in 2027.
ARDT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
ARDT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 04, 2026 | $9.64 | $9.44 | -2.07% |
Nov 12, 2025 | $14.05 | $9.30 | -33.81% |
Aug 05, 2025 | $10.65 | $11.30 | +6.10% |
May 06, 2025 | $13.01 | $14.21 | +9.22% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Ardent Health Partners, Inc. (ARDT) report earnings?
Ardent Health Partners, Inc. (ARDT) is schdueled to report earning on May 12, 2026, After Close (Confirmed).
What is Ardent Health Partners, Inc. (ARDT) earnings time?
Ardent Health Partners, Inc. (ARDT) earnings time is at May 12, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is ARDT EPS forecast?
ARDT EPS forecast for the fiscal quarter 2026 (Q1) is 0.18.