Key Highlights

  • Uniti Group shares traded 5.12% higher at USD 4.52 on Friday, November 13, 2026, per market data. A search found no company announcement from November 12 or 13 that accounts for the advance.
  • Third-quarter Revenue came to USD 848.1 million and adjusted EBITDA USD 289.3 million, but the net loss reached USD 244.5 million, reflecting Depreciation of USD 292.8 million and net interest of USD 205.5 million.
  • Revenue guidance for 2026 now sits at USD 3.665 billion to USD 3.695 billion, while adjusted EBITDA guidance is USD 1.460 billion to USD 1.490 billion, according to a published summary.
  • A record 46,000 net new fiber customers came through the Kinetic unit, while consumer fiber revenue increased 82% to USD 156.7 million; total Debt principal sat near USD 11.3 billion.

A Raised Outlook Sits Beside a Quarterly Loss

Third-quarter 2026 figures for Uniti Group (NASDAQ:UNIT) emerged around November 9, 2026, drawn from a published summary of the 8-K that has not been checked against the filing. Revenue reached USD 848.1 million. Adjusted EBITDA landed at USD 289.3 million, a 12% decline from USD 327.8 million. The USD 244.5 million net loss stemmed from heavy depreciation and interest charges. Despite that, management raised the 2026 forecast, a move that may explain why the shares still advanced. Depreciation of USD 292.8 million, plus USD 205.5 million of net interest, falls below EBITDA, so the Bottom Line looks far weaker than the operating figure. Year-on-year comparisons are complicated by the merger, so prior-year figures need careful reading.

Kinetic Fiber Build-Out Fuels Growth and Spending

Uniti Group (NASDAQ:UNIT) owns fiber and communications infrastructure and runs the Kinetic consumer broadband Business following its Windstream merger. Across the quarter, the build reached 162,000 additional fiber premises, with a record 46,000 net new customers signing up. That growth carries a price: Kinetic Capital spending reached USD 371 million in the quarter and USD 1.27 billion over nine months. The unit also raised USD 2.1 billion through Kinetic asset-backed notes and ended September with USD 861.5 million of cash, compared with USD 53.5 million at the end of 2025.

USD 11.3 Billion of Debt and a Negative equity Cushion

Uniti Group (NASDAQ:UNIT) owes about USD 11.3 billion of debt principal, and net interest runs near USD 800 million a year. Shareholders' equity is negative by roughly USD 79.5 million. Dividing that debt by the midpoint of adjusted EBITDA guidance produces roughly 7.7 times, a figure from two published numbers rather than a company-reported ratio. The main hazards are higher borrowing costs, the expense of building out the network, and customer additions that lag expectations. Sharp moves are possible at a share price of USD 4.52, and a low-priced stock can reverse direction quickly. Continued borrowing access is needed to fund the build, and asset-backed notes route future fiber cash flows into repayment.

Where Things Stand

Record fiber adds and a raised 2026 forecast alongside the USD 244.5 million loss may have supported sentiment, though no item confirms that as the reason for the session's gain. Weaknesses on record are USD 11.3 billion of borrowings, a negative equity balance and an EBITDA drop of 12%. Next markers for Uniti Group (NASDAQ:UNIT) are fiber net additions, build spending and any refinancing.