What changed
United Therapeutics will enter into an Accelerated Share Repurchase agreement with Citibank for approximately $477.6 million, using the remainder of its $2 billion share repurchase authorization. The company previously repurchased $1.5 billion via ASR agreements in March 2026 and bought $22.4 million in open-market transactions during the third quarter of 2026. Upon completion, United Therapeutics will have returned $4 billion to shareholders in approximately 2.5 years. As of September 4, 2026, the company had approximately 42.9 million shares outstanding.