Charter Communications announces suspension of share repurchase agreement

Charter Communications , Inc. (NASDAQ:CHTR), currently trading at $261.75 and near its 52-week low, reported Monday that it received a notice from Advance/Newhouse Partnership (A/N) to suspend the standing share repurchase agreement between the two parties. The update was disclosed in a statement based on a Securities and Exchange Commission filing. According to InvestingPro data, management has been actively pursuing share buybacks as part of its capital return strategy.

According to the announcement, the suspension will take effect immediately after the next repurchase closing date under the existing agreement. A/N stated it intends for the suspension to continue until the completion or termination of transactions outlined in a Transaction (JO:NTUJ) Agreement dated May 16, 2025, involving Charter, Charter Communications Holdings, LLC, and Cox Enterprises, Inc. A/N reserved the right to end the suspension at any time before or after the closing or termination of the transaction.

The share repurchase agreement was originally established through a letter agreement dated December 23, 2016, and subsequently amended and supplemented in 2017 and 2021.

Charter Communications, based in Stamford, Connecticut, is a provider of cable and other pay television services. The company’s Class A Common Stock is listed on the NASDAQ Global Select Market under the symbol CHTR.

This information is based on a press release statement and a filing with the Securities and Exchange Commission.

In other recent news, Charter Communications reported its second-quarter earnings for 2025, revealing an earnings per share (EPS) of $9.18, which missed the forecasted $9.58. Revenue for the quarter met expectations at $13.77 billion, showing slight growth compared to the previous year. In addition, Charter’s stockholders have approved the necessary proposals to proceed with the company’s transaction with Cox Communications, with over 99% of votes in favor. UBS has lowered its price target for Charter Communications to $355 from $425, maintaining a Neutral rating due to weaker-than-expected second-quarter results. The company experienced a 0.6% year-over-year revenue growth, while EBITDA declined by 0.1%, excluding certain items. Bernstein SocGen upgraded Charter Communications from Market Perform to Outperform, although it lowered the price target to $380 from $410. This upgrade comes amidst ongoing challenges in the broadband sector, where Charter lost 111,000 residential broadband subscribers in Q2 2025. These recent developments highlight the mixed financial and strategic landscape for Charter Communications.

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