At&T Stock Price, News & Analysis

AT&T (NYSE:T) has announced that CFO Pascal Desroches will provide a shareholder update at the Deutsche Bank Media, Internet & Telecom Conference on March 11. The company confirms it remains on track with its 2025 financial guidance, expecting:

- Full-year adjusted EPS of $1.97 to $2.07, with Q1 at $0.48 or higher
- Full-year free cash flow of $16 billion+, with Q1 at $2.8 billion or higher
- Net leverage target of 2.5x net-debt-to-adjusted EBITDA by H1 2025

Additionally, AT&T expects to receive $1.4 to $1.5 billion in Q1 2025 from DIRECTV payments related to its 70% stake sale to TPG, with total after-tax payments of $5.4 billion expected in 2025 and $500 million in 2029. The company has also received over $850 million from a real estate sale-leaseback deal with Reign Capital.

AT&T (NYSE:T) has outlined its multi-year strategic growth plan during the Morgan Stanley Technology, Media & Telecom Conference. The company projects $50 billion+ in financial capacity over the next three years, with plans to return $40 billion+ to shareholders through dividends and share repurchases from 2025-2027.

The plan includes maintaining the current $1.11 per share annual dividend, totaling $20 billion+ in dividend payments, and approximately $20 billion in share repurchases. The company's Board has already authorized an initial $10 billion stock repurchase program expected to conclude by 2026, with an additional $10 billion planned for 2027.

AT&T expects to achieve its net leverage target of 2.5x in H1 2025 and forecasts wireless service growth in the higher end of 2-3% range, Mobility EBITDA growth in the higher end of 3-4% range, and consumer fiber broadband revenue growth in mid-teens for 2025.

AT&T has announced a series of upcoming fireside chat webcasts featuring CEO John Stankey and CFO Pascal Desroches at major investor conferences. The schedule includes:

• Pascal Desroches at Barclays Communication and Content Symposium (Feb. 25, 2025, 7:30 a.m. ET)
• John Stankey at Morgan Stanley Technology, Media & Telecom Conference (March 4, 2025, 10:45 a.m. ET)
• Pascal Desroches at Deutsche Bank Media, Internet & Telecom Conference (March 11, 2025, 8:50 a.m. ET)

The company confirmed it remains on track to meet all 2025 and multi-year financial and operational guidance previously shared during its Q4 2024 earnings call and 2024 Analyst & Investor Day. The webcasts will be available live and for replay at investors.att.com.

AT&T has announced that it will webcast fireside chats featuring its CEO, John Stankey, and CFO, Pascal Desroches, at upcoming analyst and investor conferences. These events will be available for live streaming and replay.

Key Takeaways:

• John Stankey will participate in a fireside chat at the Morgan Stanley Technology, Media & Telecom Conference on March 4, 2025, at 10:45 a.m. ET.
• Pascal Desroches will be featured at the Barclays Communication and Content Symposium on February 25, 2025, at 8:05 a.m. ET, and at the Deutsche Bank Media, Internet & Telecom Conference on March 11, 2025, at 8:50 a.m. ET.
• AT&T is on track to meet its 2025 and multi-year financial and operational guidance as discussed during its Q4 2024 earnings call and 2024 Analyst & Investor Day.

For full conference details and to access the webcasts, visit the AT&T Investor Relations website at investors.att.com. Viewers are advised to start the webcast a few minutes early to accommodate any schedule changes.

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AT&T (NYSE:T) announced a significant leadership change as its Board of Directors unanimously elected John Stankey as Board Chair on February 14, 2025. Stankey, who has served as President and CEO since 2020, succeeds William E. Kennard, who transitions to the role of Lead Independent Director.

The governance restructuring aligns with AT&T's comprehensive three-year strategic and capital allocation plan. According to Kennard, this change aims to increase governance agility and enhance the company's ability to create long-term shareholder value while maintaining robust independent Board leadership.

AT&T (NYSE: T) reported strong Q4 and full-year 2024 results, meeting all consolidated financial guidance. Key Q4 highlights include revenues of $32.3 billion, net income of $4.4 billion, and free cash flow of $4.8 billion. The company added 482,000 postpaid phone subscribers and 307,000 AT&T Fiber customers.

Full-year 2024 performance showed revenues of $122.3 billion, net income of $12.3 billion, and free cash flow of $17.6 billion. Notable achievements include 1.7 million postpaid phone net adds and 1.0 million AT&T Fiber net adds.

For 2025, AT&T expects consolidated service revenue growth in low-single-digits, mobility service revenue growth in the higher end of 2-3% range, and adjusted EBITDA growth of 3% or better. The company plans to begin share repurchases in H2 2025 and expects to complete the sale of its 70% stake in DIRECTV to TPG by mid-2025.

AT&T (NYSE: T) has completed a structured sale-leaseback transaction with Reign Capital, involving 74 properties across the country totaling over 13 million square feet. The deal, closed on January 8, 2025, generates more than $850 million in upfront cash proceeds for AT&T and includes future revenue sharing from redevelopment opportunities.

The transaction involves underutilized central office facilities originally built for legacy copper networks. As AT&T transitions to fiber and wireless technology, these facilities require less space due to more efficient equipment. The company will lease back only the necessary space for network operations, maintaining operational control of critical infrastructure while reducing its real estate footprint.

This deal follows a similar 2021 transaction with Reign Capital involving 13 properties and 3 million square feet, which generated over $300 million in cash. AT&T plans to exit the majority of its legacy copper network operations by the end of 2029.

AT&T has announced the launch of the AT&T Guarantee, a comprehensive customer-first promise covering both wireless and fiber networks for consumers and small businesses. The guarantee, effective January 9, 2025, encompasses three main areas: network reliability, pricing transparency, and customer service.

The company commits to providing bill credits for service interruptions lasting 20+ minutes for fiber and 60+ minutes for wireless customers. They promise their best smartphone deals for both new and existing customers without requiring premium plans, and pledge no hidden fees for AT&T Fiber. Customer service guarantees include 5-minute response times for tech support and same/next-day technician availability for fiber services.

This initiative follows AT&T's investment of over $140 billion in network infrastructure and nearly $1 billion in customer care and operations since 2019, positioning them as the first carrier to offer such comprehensive guarantees across both network types.

AT&T has been awarded the 2024 US Market Leadership Award by Frost & Sullivan for its Next Generation 911 (NG911) services, marking its sixth consecutive year receiving this recognition. The company leads the US NG911 market with direct contracts covering over 80 million people and approximately 30% market share.

AT&T's Emergency Services IP Network (ESInet™) provides a nationwide, redundant service architecture that enhances emergency response capabilities. The system enables IP-based communications from citizens to emergency call centers (ECCs), supporting text, data, video, and IP voice calls. The company has approximately 2,000 contracted ECCs, with over 80% actively deployed or processing live NG911 production.

The solution's managed, as-a-service model addresses concerns of 911 state administrators, offering standard SLAs for availability, call delivery, quality, and provisioning. AT&T has secured interoperability agreements with all tier 1 US carriers, demonstrating market leadership through its carrier expertise and proven NG911 deployments.