UnitiNASDAQ: UNIT

LITTLE ROCK, Ark., July 01, 2024 (GLOBE NEWSWIRE) -- Uniti Group Inc. (“Uniti”) (Nasdaq: UNIT) announced today that it will report its second quarter 2024 financial results prior to the opening of trading on the Nasdaq Stock Exchange on August 1, 2024. A conference call to discuss those earnings will be held the same day at 8:30 AM Eastern Time.

Houston, TX., June 17, 2024 (GLOBE NEWSWIRE) -- Houston American Energy Corp. (NYSE American: HUSA) today announced plans to participate in the drilling of six wells, each well consisting of an approximate 3 mile lateral, on the State Finkle Unit in the Wolfcamp formation in Reeves County, Texas.

LITTLE ROCK, Ark., May 29, 2024 (GLOBE NEWSWIRE) --  Uniti Group Inc. (“Uniti”) (Nasdaq: UNIT) announced today that its President and Chief Executive Officer, Kenny Gunderman, and Vice President, Investor Relations & Treasury, Bill DiTullio, are scheduled to present at the Nareit 2024 REITweek Investor Conference. The presentation is scheduled for 9:30 AM EDT on June 5, 2024 in New York, NY.

Uniti Group, which was spun out of Windstream nearly a decade ago, is now merging back with its former parent company. This merger is expected to enable Windstream to speed up network investments and offer improved services to customers. The resulting combined company will mainly focus on telecommunications and own its own fiber network.

The Uniti (UNIT) headline figures offer a glimpse into the company's performance in the first quarter of 2024, but it could be beneficial to analyze some of its important metrics against Wall Street forecasts and last year's results.

Uniti Group (UNIT) reported quarterly funds from operations (FFO) of $0.32 per share, falling short of the Zacks Consensus Estimate of $0.35 per share. This is lower than the FFO of $0.39 per share reported in the same quarter last year.

Uniti Group Inc. (NASDAQ:UNIT) held its Q1 2024 Earnings Conference Call on May 3, 2024 at 8:30 AM ET. Participants included Bill DiTullio, Kenny Gunderman, Paul Bullington, and Drew Smith from Windstream Holdings, Inc. Conference Call Participants included David Barden, Greg Williams, Frank Louthan, Ana Goshko, Bora Lee, and Jeff Harlib. The call was hosted by Michelle.

Uniti Group owns valuable fiber assets but struggles with high leverage and debt servicing costs. Two pathways for UNIT stock to overcome its debt burden: lease-up of existing fiber capacity and sale of assets or the company. The demand for fiber is increasing due to 5G and AI, creating opportunities for the Company to generate more cash flow and potentially improve its financial situation.

Uniti Group, a REIT, has a high yield of around 9%, but there are many challenges and uncertainties surrounding the company. The majority of Uniti's revenues come from its leasing segment, with a significant portion derived from its contract with Windstream. Uniti's debt exceeds the reported value of its assets, posing risks to shareholders in the event of a crisis.