Key Highlights

  • Uniti Group (NASDAQ:UNIT) was trading up 5.12% at USD 4.52 on Friday, November 13, 2026, in market data, and no company announcement dated November 12 or 13 explaining the move was found.
  • Third-quarter Revenue was USD 848.1 million, adjusted EBITDA was USD 289.3 million, and the net loss was USD 244.5 million after USD 292.8 million of Depreciation and USD 205.5 million of net interest.
  • The 2026 outlook was raised to revenue of USD 3.665 billion to USD 3.695 billion and adjusted EBITDA of USD 1.460 billion to USD 1.490 billion, per a published summary.
  • Kinetic added a record 46,000 fiber net customers, consumer fiber revenue rose 82% to USD 156.7 million, and total Debt principal was about USD 11.3 billion.

Third-Quarter Loss Sits Beside a Raised Outlook

No company announcement explaining Friday's move was found, so the article rests on the latest verified news. Uniti Group (NASDAQ:UNIT) reported third-quarter 2026 results around November 9, 2026, per a published summary of the 8-K that was not matched to the filing. Revenue was USD 848.1 million and adjusted EBITDA was USD 289.3 million, down 12% from USD 327.8 million. The net loss of USD 244.5 million reflected heavy depreciation and interest. The company still lifted its 2026 outlook, which helps explain why a loss did not stop the shares from gaining. Depreciation of USD 292.8 million and net interest expense of USD 205.5 million are a non-cash charge and a financing cost that sit between EBITDA and the bottom line, which is why the loss looks large next to EBITDA. Comparison with the prior year is clouded by the merger, so the year-on-year figures should be read with care.

Kinetic Fiber Build Drives Growth and Spending

The company owns fiber and communications infrastructure and operates the Kinetic consumer broadband Business after its Windstream merger. In the quarter it built 162,000 new fiber premises, added a record 46,000 net customers, and grew consumer fiber revenue 82% to USD 156.7 million. That growth is costly: Kinetic Capital spending was USD 371 million in the quarter and USD 1.27 billion for nine months. The company also issued USD 2.1 billion of Kinetic asset-backed notes and held USD 861.5 million of cash at September 30, 2026, up from USD 53.5 million at year-end 2025.

USD 11.3 Billion of Debt Leaves a Thin Equity Cushion

Total debt principal was about USD 11.3 billion, with roughly USD 800 million of annual net interest expense, and shareholders' equity was negative by about USD 79.5 million. Against the midpoint of adjusted EBITDA guidance, that debt equals roughly 7.7 times, calculated from two published numbers, and not a company-reported ratio. Rising interest costs, build-out spending and customer growth that falls short of plans are the main risks. At USD 4.52 the shares are low-priced, so moves can be sharp and may reverse. Heavy build-out spending relies on continued access to debt markets, and the asset-backed notes tie future fiber cash flows to repayment.

Where Things Stand

Uniti Group (NASDAQ:UNIT) is up 5.12% despite a USD 244.5 million quarterly loss because the report paired record fiber additions and a raised 2026 outlook with the loss, though no source confirms that as the cause of this session's move. The verified weaknesses are USD 11.3 billion of debt, Negative equity and adjusted EBITDA down 12% from a year earlier. Next markers are fiber net additions, build spending and any refinancing of the debt.