Tenet Healthcare Corporation (NYSE:THC) is one of the cheap NYSE stocks to buy according to analysts. On April 30, Tenet Healthcare Corporation reported a strong Q1 2026, with net income available to common shareholders reaching $702 million, or $8.01 per diluted share, significantly up from $406 million in the prior-year period. Adjusted diluted EPS grew 10.6% to $4.82, while consolidated Adjusted EBITDA remained steady at $1.162 billion, supported by disciplined expense management and strong revenue growth across its hospital and ambulatory segments.
The company’s Ambulatory Care segment, operated under United Surgical Partners International, saw a 10.6% increase in net operating revenues to $1.32 billion, with segment Adjusted EBITDA rising 6.1% to $484 million. This performance was supported by acquisitions and a 5.3% growth in same-facility system-wide net patient service revenues, driven by favorable service mix and higher-acuity procedures.
Tenet Healthcare Corporation (NYSE:THC) strengthened its financial position through significant cash flow generation, with net cash provided by operating activities totaling $1.641 billion. During the quarter, the company repurchased 1.35 million shares of common stock for $318 million and finalized a major contract restructuring with CommonSpirit Health. Tenet also reaffirmed its full-year 2026 Adjusted EBITDA outlook of $4.485to $4.785 billion, continuing its strategy of organic and inorganic growth.
Tenet Healthcare Corporation (NYSE:THC) is a diversified healthcare services company. Based in Texas, the company operates through the Hospital Operations and Ambulatory Care segments.
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