{"podcast":{"title":"Charged Alpha Stock Encyclopedia","slug":"charged-alpha-stock-encyclopedia-7819792","podcast_index_feed_id":7819792,"rss_url":"https://feed.podbean.com/chargedalpha/feed.xml","website_url":"https://chargedalpha.podbean.com","image_url":"https://pbcdn1.podbean.com/imglogo/image-logo/22241603/charged_alpha_logo_2048.png","author":"Colton Thomas","episode_count":1630,"summary":"Charged Alpha reviews earnings for each stock in the Russel 1000 every quarter. Each podcast gives thorough analysis, along with an in-depth profile in the beginning of the episode of the company, what they do, how they earn money and what to look for.","last_synced_at":"2026-09-04T06:17:14.359815+00:00","page_url":"https://stenobird.com/podcast/charged-alpha-stock-encyclopedia-7819792"},"episode":{"title":"Tenet Healthcare Stock: It CRUSHED Q2 and Raised Guidance — Is There Value Left?","slug":"tenet-healthcare-stock-it-crushed-q2-and-raised-guidance-is-there-value-left","published_at":"2026-07-25T06:17:31+00:00","page_url":"https://stenobird.com/podcast/charged-alpha-stock-encyclopedia-7819792/tenet-healthcare-stock-it-crushed-q2-and-raised-guidance-is-there-value-left","show_page_url":"https://stenobird.com/podcast/charged-alpha-stock-encyclopedia-7819792","url":"https://chargedalpha.podbean.com/e/tenet-healthcare-stock-it-crushed-q2-and-raised-guidance-%e2%80%94-is-there-value-left/","audio_url":"https://mcdn.podbean.com/mf/web/zhigd35f0dvxaego/audio_9.mp3","summary":"Tenet Healthcare (THC) Q2 2026 — Tenet Healthcare (THC), the Dallas hospital + ambulatory-surgery operator, delivered a blowout Q2 2026 and RAISED full-year guidance — and the stock jumped ~17% to ~$233. Adjusted diluted EPS of $6.12 (+52% YoY vs $4.02) crushed the $4.26 estimate, on revenue of $5.63B (+6.8%) and adjusted EBITDA of $1.30B (+16%), with the adjusted EBITDA margin EXPANDING from 21.3% to 23.2%. The USPI ambulatory-surgery segment (the largest ASC operator in the U.S.) grew adjusted EBITDA 9% to $542M at a 39% margin, with same-facility revenue +5% and total-joint-replacement volumes +10%. Management raised FY2026 adjusted EPS guidance to $20.30–$21.69 (from ~$17.85), adjusted EBITDA to $4.83–$5.03B (+$295M midpoint), revenue to $21.9–$22.5B, and adjusted FCF ~$225M. Tenet has deleveraged to ~2.2x net debt/EBITDA (~$11B net debt), repurchased $1.04B of stock in Q2, and expanded its buyback authorization by $2.0B (~$2.13B remaining). The quarter was partly flattered by non-recurring prior-year Medicaid supplemental payments and contract-termination revenue, and an ACA-subsidy/payer-mix headwind looms into 2026-27. Our owner-earnings DCF + segment sum-of-parts lands fair value near $250 vs ~$233. Our call: BUY, 3/5 — the transformation is real, but much of the beat-and-raise is now priced in. Tenet Healthcare (THC) is a ~$20B Dallas-based operator of ~50 acute-care hospitals, the Conifer revenue-cycle business, and — the crown jewel — USPI (United Surgical Partners), the largest ambulatory-surgery-center operator in America with ~500 centers, led by CEO Dr. Saum Sutaria. The story is a deliberate transformation: Tenet sold dozens of hospitals and reinvested the proceeds into high-margin surgery centers and debt paydown, morphing from a leveraged hospital cha…","meta_description":"Tenet Healthcare (THC) Q2 2026 — Tenet Healthcare (THC), the Dallas hospital + ambulatory-surgery operator, delivered a blowout Q2 2026 and RAISED full-ye…","key_points":[],"chapters":[],"topics":[],"duration_seconds":894,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/charged-alpha-stock-encyclopedia-7819792/episodes/tenet-healthcare-stock-it-crushed-q2-and-raised-guidance-is-there-value-left/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/charged-alpha-stock-encyclopedia-7819792/tenet-healthcare-stock-it-crushed-q2-and-raised-guidance-is-there-value-left.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}