Core Insights - Community Health Systems, Inc. (CYH) reported a second-quarter 2025 adjusted loss of $0.05 per share, missing the Zacks Consensus Estimate of earnings of $0.05, but improved from a loss of $0.17 per share in the prior year [1][11] - Net operating revenues decreased by 0.2% year over year to $3.1 billion, surpassing the consensus mark by 3% [1][11] Operational Performance - The hospital count for Community Health was 70, down from 78 a year ago [3] - Patient days fell by 9.4% year over year, while the average length of stay decreased by 2.3% to 4.2 days [3] - The occupancy rate increased to 50.8% from 50% in the prior year [3] - Adjusted admissions declined by 8.3% year over year, with same-store adjusted admissions down by 0.7% [4][11] Financial Metrics - Total operating expenses decreased by 9.7% year over year to $2.6 billion, below the estimate of $2.7 billion [5] - Net interest expenses were $214 million, a decrease of 0.9% year over year, but higher than the estimate of $205.7 million [5] - Net income for the quarter was $320 million, significantly up from $26 million in the prior year [6] - Adjusted EBITDA declined by 1.8% year over year to $380 million, exceeding the estimate of $365.7 million [6] Divestitures and Assets - In 2025, the company divested ownership interests in several hospitals, including a 50% stake in two hospitals and full ownership of three others [7] - As of June 30, 2025, cash and cash equivalents stood at $456 million, up from $37 million at the end of 2024 [8] - Total assets decreased to $13.6 billion from $14.1 billion at the end of 2024, while long-term debt fell to $10.8 billion from $11.4 billion [8] Guidance for 2025 - The company anticipates net operating revenues between $12.3 billion and $12.6 billion for 2025, compared to $12.63 billion in 2024 [12] - Adjusted EBITDA is expected to be in the range of $1.45 billion to $1.55 billion, slightly lower than the 2024 level of $1.54 billion [12] - Net loss per share is projected to be between $0.40 and $0.10 in 2025 [12] - Estimated net cash from operating activities is between $600 million and $700 million, with capital expenditures anticipated in the range of $350 million to $400 million [13]