NXST
Nexstar Media Group, Inc.202.54
-1.52-0.75%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
6.14BP/E (TTM)
12.64Basic EPS (TTM)
16.02Dividend Yield
0.04%Recent Filings
8-K
10-Q
8-K
Nexstar declares $1.86 dividend
Nexstar Media Group declared a quarterly cash dividend of $1.86 per share on October 29, 2025, payable November 26 to shareholders of record on November 12. This payout underscores the company's steady cash flow from its broadcasting operations. Future dividends remain subject to board discretion. It signals confidence in ongoing financial health.
8-K
Nexstar acquires TEGNA for $6.2B
Nexstar Media Group signed a definitive merger agreement on August 18, 2025, to acquire TEGNA Inc. for $22.00 per share in cash, valuing the deal at $6.2 billion including net debt. The transaction boosts Nexstar's station count to 265 across 132 DMAs, covering 80% of U.S. TV households, while enhancing synergies in overlapping markets. It promises $300 million in annual net synergies, driving over 40% accretion to adjusted free cash flow in the first year post-close. Yet regulatory hurdles loom large.
10-Q
Q2 FY2025 results
Nexstar's Q2 revenue dipped 3.2% year-over-year to $1.23B, with advertising down 9.0% from softer non-political demand and no election boost, yet distribution held steady at $733M thanks to rate hikes and vMVPD gains. Operating income fell 11.3% to $213M as expenses edged lower, but interest expense dropped 14.2% to $97M after a June refinancing that extended maturities to 2030-2032 and cut rates. Diluted EPS landed at $3.06, aligning with 30.5M shares after accretion on redeemable noncontrolling interests. Cash climbed to $234M, free cash flow hit $520M (derived), while debt trimmed to $6.38B with $600M revolver availability; the $22M WBNX-TV buy in January added a Cleveland station and $20M FCC license. Solid liquidity persists. Ongoing antitrust suits over ad pricing pose litigation risks.
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