CoreCivic entered into an accelerated share repurchase agreement to buy back $500 million of common stock, utilizing approximately 12.4 million initial shares from a dealer. This transaction is part of a board-approved program with total capacity of $755.8 million, leaving roughly $255.8 million in remaining authorization upon completion. The company also updated its full-year 2026 financial guidance, revising diluted EPS expectations upward to a range of $15.62–$15.82 from the prior estimate of $15.00–$15.20. CoreCivic operates in the private corrections and detention industry.

CoreCivic sold its 1,600-bed Prairie Correctional Facility in Minnesota and its 1,033-bed Midwest Regional Reception Center in Kansas to the U.S. Department of Homeland Security for an aggregate price of $734.0 million. The transactions closed on August 4, 2026, yielding approximately $522.5 million in net proceeds after taxes and costs. CoreCivic will continue to manage both facilities under contracts expiring in 2031 and 2027 respectively. This strategic divestiture allows the company to reduce debt or repurchase stock while retaining management revenue streams from government-owned assets. The company operates in the private prison and detention facility industry.

CoreCivic reported second quarter 2026 total revenue of $684.9 million, a 27.3% increase year-over-year, driven by facility activations and higher populations. Net income was $37.1 million ($0.37 diluted EPS), while Adjusted EBITDA reached $109.4 million. Subsequent to the quarter-end, the company sold four detention facilities for gross proceeds of $2.2 billion, generating an aggregate gain on sale of approximately $1.8 billion. The Board authorized a $500 million increase to its share repurchase program, raising total authorization to $1.2 billion. Additionally, CoreCivic redeemed $238.5 million in senior notes and paid down portions of its credit facility using net proceeds from the sales. Full-year 2026 guidance was significantly updated upward to reflect these transactions. CoreCivic operates private correctional facilities and provides related government services.

CoreCivic, Inc. issued an irrevocable notice to redeem its outstanding 4.750% senior notes due 2027 in full on August 12, 2026. The redemption will be at 100.000% of the principal amount plus a make-whole premium and accrued interest. As of July 13, 2026, the outstanding principal amount of the 2027 Notes was $238,468,000, which the company intends to fund using cash on hand. CoreCivic, Inc. is a real estate investment trust that operates private correctional facilities and related services.

CoreCivic, Inc. sold its 2,560-bed California City Detention Facility for approximately $732.6 million and its 1,994-bed Otay Mesa Detention Center for approximately $739.2 million to the U.S. Department of Homeland Security. The company expects to continue managing both facilities under existing management contracts with U.S. Immigration & Customs Enforcement. CoreCivic, Inc. operates in the corrections and detention industry, providing correctional, detention, and residential reentry services.