CoreCivic Reports $1,344.1 Million Q3 Net Income From Selling Four Detention Facilities to DHS for $2.2 Billion; CEO Urges ICE to Move Quickly on More Deals After Democratic Wins

CoreCivic reported its third-quarter 2026 results on Nov. 04, 2026. Net income for the quarter was $1,344.1 million, compared with $26.3 million in the same quarter a year earlier. The gross sales price for the four detention facilities it sold totaled $2.2 billion, with an aggregate gain of approximately $1.8 billion. All four were sold to the United States through the Department of Homeland Security, and CoreCivic expects to continue to manage these four facilities under its ICE contracts. Federal customers generated 53% of its total revenue.

CEO Lucibeth Mayberry said the company used part of the proceeds to pay down debt and buy back shares under an accelerated share repurchase. On November 3, 2026, the board authorized an increase to the buyback program. The company said it has been in discussions with ICE about the potential acquisition of additional detention facilities, which it described as in preliminary stages.

On the earnings call Thursday, Mayberry urged ICE to seal detention deals after Democrats scored big wins in last week’s elections, Tennessee Lookout reported: “We would urge the ICE administration to move quickly.” The Appleton and Midwest sales are 2026-08-04–corecivic-sells-prairie-appleton-and-midwest-leavenworth-to-dhs-734m-sec-filings.