v3.26.1
Segments (Tables)
 3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information
The following table summarizes our segment results:

Three Months Ended
March 31,
(Millions)20262025
Kinetic:
Service revenues from external customers$511.8 $— 
Sales revenues from external customers25.1 — 
Total revenues and sales from external customers536.9 — 
Intersegment revenues (a)11.1 — 
Total revenues and sales548.0 — 
Compensation expenses(94.0)— 
Non-compensation managed expenses (b)(65.9)— 
Revenue-driven costs (c)(53.2)— 
Network access and facilities(47.3)— 
Allocated network operations expenses(12.0)— 
Customer access (d)(6.2)— 
Intersegment costs and expenses (e)(33.9)— 
Contribution margin$235.5 $— 
Uniti Solutions:
Service revenues from external customers$189.7 $— 
Sales revenues from external customers0.8 — 
Total revenues and sales from external customers190.5 — 
Intersegment revenues (f)1.3 — 
Total revenues and sales191.8 — 
Compensation expenses(15.3)— 
Non-compensation managed expenses (g)(1.6)— 
Revenue-driven costs (h)(27.6)— 
Customer access (d)(40.4)— 
Intersegment costs and expenses (e)(11.1)— 
Contribution margin$95.8 $— 
Fiber Infrastructure:
Service revenues from external customers$187.5 $290.8 
Sales revenues from external customers72.6 3.1 
Total revenues and sales from external customers260.1 293.9 
Intersegment revenues (i)34.7 — 
Total revenues and sales294.8 293.9 
Network access and facilities expenses(60.9)(22.5)
Compensation expenses(19.1)(11.7)
Non-compensation managed expenses (j)(5.0)(3.6)
Revenue-driven costs (k)(9.5)(2.8)
Allocated network operations expenses(2.6)— 
Customer access (d)(2.9)— 
Intersegment costs and expenses (e)(2.1)— 
Contribution margin$192.7 $253.3 
Total segment revenues and sales from external customers$987.5 $293.9 
Total intersegment revenues47.1 — 
Total segment revenues and sales1,034.6 293.9 
Total segment expenses(463.5)(40.6)
Total intersegment costs and expenses(47.1)— 
Total segment contribution margin$524.0 $253.3 
(a)Consists of intercompany charges to Uniti Solutions and Fiber Infrastructure for resale access services.

(b)Includes advertising, contract services and fees, fleet-related expenses (e.g., leasing costs, fuel, maintenance and repair costs), and employee-related travel costs.

(c)Includes federal and state USF fees, provision for credit losses, equipment-related shipping and refurbishment costs, and cost of sales.

(d)Customer access expense represents the portion of interconnect costs directly assigned to the segment.

(e)Reflects the offsetting expense effects of the intercompany billing agreements between segments.

(f)Consists of intercompany charges to Kinetic for licensing fees related to the usage of the OfficeSuite UC© product.

(g)Includes support agreements, contract services and fees, and employee-related travel costs.

(h)Includes federal and state USF fees, provision for credit losses, third-party commissions, staff augmentation for professional services, product licensing fees, and cost of sales.

(i)Consists of intercompany charges to Kinetic and Uniti Solutions primarily for usage of network and colocation facilities owned or operated by Fiber Infrastructure.

(j)Includes advertising, contract services and fees, and employee-related travel costs.

(k)Includes federal and state USF fees, provision for credit losses, early termination fees, and cost of fiber sales.
Schedule of Capital Expenditures by Segment
Capital expenditures by segment were as follows:

Three Months Ended
March 31,
(Millions)20262025
Kinetic$251.9 $— 
Uniti Solutions6.5 — 
Fiber Infrastructure70.4 208.1 
Total segment capital expenditures328.8 208.1 
Corporate/Shared (a)20.4 — 
Total$349.2 $208.1 

(a)Represents capital expenditures not directly assigned to the segments and primarily consists of capital outlays for network enhancements and information technology-related projects benefiting Uniti as a whole.
Schedule of Reconciliation of Operating Profit income from Segments to Consolidated
The following table reconciles total segment revenues and sales to total consolidated revenues and sales:

Three Months Ended
March 31,
(Millions)20262025
Total segment revenues and sales$1,034.6 $293.9 
Intersegment revenues(47.1)— 
Total consolidated revenues and sales$987.5 $293.9 
The following table reconciles total segment contribution margin to consolidated net (loss) income:

Three Months Ended
March 31,
(Millions)20262025
Total segment contribution margin$524.0 $253.3 
Depreciation and amortization(289.8)(79.7)
Transaction related and other costs(30.1)(7.8)
Corporate/shared operating expenses(85.5)(15.5)
Amortization of non-cash rights-of-use assets(0.1)(0.8)
Stock-based compensation(7.6)(3.8)
Other income, net6.5 — 
Gain (loss) on extinguishment of debt1.2 (8.5)
Interest expense, net(188.3)(129.5)
Income tax (expense) benefit(0.6)4.5 
Net (loss) income$(70.3)$12.2