Cable One, Inc. Q1 2026 Earnings Release

Cable One, Inc. reported its financial and operating results for the first quarter ended March 31, 2026. Total revenues decreased by 7.3% to $353.0 million compared to the first quarter of 2025. Net income significantly increased to $35.8 million from $2.6 million in the prior year quarter, largely due to a $26.6 million gain on the sale of fiber-to-the-tower contract rights and a $32.9 million reduction in equity investment losses. Adjusted EBITDA decreased by 9.6% to $183.3 million. The company reported a net profit margin of 10.1% and an Adjusted EBITDA margin of 51.9%. Net cash provided by operating activities increased slightly to $118.2 million. Cable One completed the sale of fiber-to-the-tower contract rights for $42.0 million, using the proceeds to accelerate debt repayment, reducing debt by $90.6 million in the quarter. As of March 31, 2026, cash and cash equivalents were $165.6 million, and total debt was $3.12 billion.