Dividends & Buybacks ·
Liberty Capital Corporation reported second quarter 2026 financial results for its subsidiary GCI Communications
GLIBALiberty Capital Corp
Liberty Capital Corporation reported second quarter 2026 financial results for its subsidiary GCI Communications. Revenue remained flat at $261 million, while operating income declined to $29 million and Adjusted OIBDA fell 11% to $96 million due to increased operating expenses and acquisition costs. The company generated $308 million in net cash from operations over the trailing twelve months. GCI amended its credit facility to secure up to $480 million in additional capacity for the pending Quintillion acquisition and repurchased $129 million of 2028 unsecured notes after quarter-end. Liberty Capital intends to initiate a recurring quarterly dividend beginning in December 2026, with an aggregate amount of approximately $60 million annualized at inception. The company operates as a holding company for GCI Communications, providing telecommunications services including data, mobile, voice, and managed services to consumers, businesses, and government entities throughout Alaska.