CoreCivic, Inc.
CoreCivic and GEO Group reported combined $1.4 billion in quarterly revenue for April-June as U.S. immigration detention nears record levels. CoreCivic said revenue rose 27% to $684.9 million, including a $1.6 billion DHS facility sale not yet reflected. GEO Group reported $732.1 million revenue, up 15%, with growth in ICE ankle monitoring and related services.
CoreCivic said it completed the sale of two correctional facilities to the federal government for $734 million. DHS bought the 1,600-bed Prairie Correctional Facility in Minnesota for $495.6 million and the 1,033-bed Midwest Regional Reception Center in Kansas for $238.4 million. CoreCivic expects about $522.5 million net proceeds after taxes and costs, and will keep operating under ICE management agreements.
Corrections Corp. of America (CXW) reported Q2 funds from operations of $63.5 million, or 64 cents per share, and net income of $37.1 million, or 37 cents per share. The company said revenue was $684.9 million, above Zacks-compiled Street expectations of $613.2 million, according to the report.
Over the past 7 days, alphai's AI scored 25 news stories mentioning CXW (CoreCivic, Inc.). Coverage has skewed bullish: 18 bullish, 6 neutral, and 1 bearish.
Recent CXW coverage spans earnings, mergers & acquisitions and financial news.
In the last 30 days, CXW insiders filed 1 SEC Form 4 transaction — no purchases and 1 sale ($372K). The most active reporter was Carter, Cole G., Chief Administrative Officer, with 1 filing. 100% of activity was filed under pre-arranged Rule 10b5-1 plans.
Fresh quarterly revenue and margin/cost narrative tied to higher detention volumes can move near-term positioning in private prisons.
The deal is a balance-sheet and capital-return catalyst, with potential debt paydown and buybacks, but near-term earnings impact is likely limited by ongoing management agreements.
The article provides a fresh Q2 profitability datapoint (FFO) and revenue beat versus Street forecasts, which can drive near-term sentiment and estimate revisions.
New ICE detention contract and continued operations at the facility are a direct, contract-driven revenue signal for CXW, with some political/regulatory uncertainty.
The sale is a large asset monetization event that may improve liquidity and shift risk, while management continues under contract.
alphai scores every news story that mentions CXW with an AI model for sentiment and relevance, and aggregates insider trades from CoreCivic, Inc.'s SEC EDGAR Form 4 filings. Figures refresh continuously.
CoreCivic and GEO Group reported combined $1.4 billion in quarterly revenue for April-June as U.S. immigration detention nears record levels. CoreCivic said revenue rose 27% to $684.9 million, including a $1.6 billion DHS facility sale not yet reflected. GEO Group reported $732.1 million revenue, up 15%, with growth in ICE ankle monitoring and related services.
4 min readCoreCivic said it completed the sale of two correctional facilities to the federal government for $734 million. DHS bought the 1,600-bed Prairie Correctional Facility in Minnesota for $495.6 million and the 1,033-bed Midwest Regional Reception Center in Kansas for $238.4 million. CoreCivic expects about $522.5 million net proceeds after taxes and costs, and will keep operating under ICE management agreements.
4 min readCorrections Corp. of America (CXW) reported Q2 funds from operations of $63.5 million, or 64 cents per share, and net income of $37.1 million, or 37 cents per share. The company said revenue was $684.9 million, above Zacks-compiled Street expectations of $613.2 million, according to the report.
2 min readCoreCivic said it has a new ICE contract to house up to 1,600 immigrant detainees at the Prairie Correctional Facility in Appleton, Minnesota. The company reported selling the facility to the U.S. Department of Homeland Security for $495.6 million and expects to keep operating under existing contracts. CoreCivic expects detainees by year-end and full capacity next spring.
6 min readCoreCivic said the Prairie Correctional Facility in Appleton was sold to the U.S. Department of Homeland Security for $495.6 million, part of a $734 million aggregate sale that also included a Kansas facility. The company expects to keep managing both under existing contracts. The purchase could affect local property tax revenues, since federal property is generally exempt.
6 min readCoreCivic (NYSE: CXW) reported Q2 CY2026 results. Revenue rose 27.3% year on year to $684.9 million and exceeded Wall Street estimates by 10.9%, according to the company. Non-GAAP adjusted EPS was $0.38, up from $0.36, and beat consensus by 11.8%. Analysts expect full-year EPS to rise from $1.29 to $1.94.
4 min readCoreCivic said it sold the Leavenworth, Kansas Midwest Regional Reception Center and Minnesota’s Prairie Correctional Facility to U.S. Immigration and Customs Enforcement. CoreCivic will keep operating both. The Leavenworth sale price was $238.4 million, with net proceeds estimated at about $522.5 million after taxes and costs. City officials raised concerns about oversight and future $250,000 annual impact payments.
6 min readCoreCivic said it will sell its 1,600-bed prison in Appleton, Minn., to the federal government for nearly $500 million, a day after announcing it would reopen the facility. The town relies on property taxes, but federal properties are typically tax exempt. CoreCivic expects $768,566 in property taxes this year. DHS said the purchase adds capacity for deportation efforts.
6 min readCoreCivic, Inc. reported Q2 revenue of $684.9M, compared with a FactSet estimate of $618.6M, according to the earnings flash. The company operates correctional, detention, and residential reentry facilities through segments including Safety, Community, and Properties.
2 min readCoreCivic reported Q2 revenue of $80.1 million, which was compared with an IBES estimate of $618.6 million, according to Refinitiv/IBES data cited in the report. The update centers on the company’s quarterly financial performance versus analyst expectations.
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