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Rogers Profit Jumps as 2026 Capex Cut Lifts Cash Outlook

The shift frees cash for debt reduction or a potential sports-asset deal.

Overview

  • Rogers reported first-quarter revenue of $5.4 billion and net income of $482 million, a 72% increase from a year ago.
  • The company cut its 2026 capital plan to $2.5–$2.7 billion, citing project reprioritization and lower build costs.
  • Rogers now expects 2026 free cash flow to rise by about $745–$945 million from $3.3 billion in 2025.
  • Media revenue rose 82% to $988 million as Rogers consolidated Maple Leaf Sports & Entertainment, and it can buy Kilmer’s remaining 25% as early as July with plans to monetize the portfolio.
  • Wireless trends were mixed, with 33,000 net phone additions but a 2.3% drop in average revenue per user as rivals leaned on heavy promotions.