T · 8-K · 20261021PR000370
Balance Sheet and Liquidity
AT&T INC. · 2026-10-21 · Importance 64 · Surprise 42 · In source text
Total debt was $159.6 billion at September 30, 2026, while net debt was $149.8 billion. The sequential increase in debt reflected the closing of the EchoStar spectrum transaction. Net debt included $1.2 billion of debt classified as held for sale related to the Mexico wireless business, less $10.8 billion of cash and cash equivalents and $0.3 billion of time deposits. AT&T expects its net-debt-to-adjusted-EBITDA ratio to return to its 2.5x target range during 2029.
Key facts
- Total debt at the end of the third quarter was $159.6 billion and net debt was $149.8 billion as of September 30, 2026. source
- AT&T stated total debt and net debt both reflected a sequential increase related to the closing of the EchoStar spectrum transaction. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| liability | negative | realized | — | Total debt at the end of the third quarter was $159.6 billion and net debt was $149.8 billion as of September 30, 2026. |