Centene reports $45.1 billion Q3 revenue and raises 2026 EPS guidance
Key points
- Centene (NYSE:CNC) raised its 2026 adjusted diluted earnings guidance to more than $5.20 per share, an increase of $0.40.
- Third-quarter premium and service revenues increased 0.5% to $45.105 billion, while adjusted earnings rose to $0.58 per share from $0.50.
- Marketplace membership fell to approximately 3.40 million from 5.83 million a year earlier, while the company lowered its expected full-year health benefits ratio midpoint to 90.75%.
Centene (NYSE:CNC) raised its full-year 2026 adjusted diluted earnings guidance to more than $5.20 per share after reporting third-quarter adjusted earnings of $0.58 per share.
Premium and service revenues increased 0.5% to $45.105 billion, while adjusted earnings rose from $0.50 per share in the prior-year quarter.
Third-quarter GAAP diluted loss narrowed to $0.14 per share from $13.50 a year earlier, while the health benefits ratio remained at 92.7%, and quarterly operating cash outflow reached $3.669 billion.
Centene also raised its GAAP diluted earnings guidance to more than $3.46 per share and improved its expected full-year health benefits ratio midpoint by 15 basis points to 90.75%.
The company reduced debt by $1.1 billion from June 30, 2026, including the full redemption of its 2027 senior notes in October, while Marketplace membership declined to 3,403,300 from 5,828,100 a year earlier.
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