AT&T Reiterates Multiyear Financial Outlook, Capital Allocation Plan

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AT&T (T) said late Tuesday it reiterates the financial outlook and capital allocation plan provided with its Q2 earnings release.

This includes its outlook for improved adjusted earnings per share growth and higher free cash flow through 2028, and plans to return more than $45 billion to shareholders from 2026 to 2028 through dividends and share repurchases, the company said.

AT&T expects capital investment to be more ratable year over year in H2, and free cash flow to be relatively stable year over year in Q3, with strong growth in Q4.

The company said Chairman and Chief Executive John Stankey will speak Wednesday at the Goldman Sachs Communacopia + Technology Conference, providing an update to shareholders.

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