Home / Business and Economy / AT&T Promises $45B+ Shareholder Returns by 2028
AT&T Promises $45B+ Shareholder Returns by 2028
1 Jun
Summary
- AT&T expects improved Q2 2026 growth in wireless revenue and EBITDA.
- The company plans to return over $45 billion to shareholders by 2028.
- Net debt-to-EBITDA ratio is expected to return to target range in ~3 years.
AT&T Inc. has reaffirmed its long-term financial objectives, including sustained growth in adjusted EBITDA and adjusted EPS, coupled with an increase in free cash flow (FCF) anticipated through 2028. This strategy involves returning over $45 billion to shareholders from 2026 to 2028 through dividends and share repurchases.
Furthermore, AT&T expects its net debt-to-adjusted EBITDA ratio to reach its target range of approximately 2.5x within three years following the completion of its transaction with EchoStar. For the second quarter of 2026, the company projects enhanced year-over-year growth in wireless service revenue and consolidated adjusted EBITDA compared to the first quarter of 2026.
An FCF of $4.0 billion to $4.5 billion is expected for Q2 2026. AT&T provides telecommunications and technology services, and while considered undervalued by some financial media, the company's future outlook remains positive.
