Shenandoah Telecommunications Company Reports Third Quarter 2026 Results

(NASDAQ:SHEN) Shenandoah Telecommunications Company (“Shentel”) reported its third quarter 2026 financial and operating results. Glo Fiber Expansion Markets revenue grew 32.2% year over year to $28.2 million. Total revenue for the quarter increased 4.6% year over year to $93.9 million. The company reported a net loss of $9.2 million for the quarter, compared to a net loss of $9.4 million in the third quarter of 2025. Adjusted EBITDA increased 11.8% year over year to $33.2 million. Residential & SMB - Glo Fiber Expansion Markets revenue, representing 30.0% of total revenue, increased by $6.9 million, or 32.2%, primarily due to a 31.8% increase in data RGUs. Residential & SMB - Incumbent Broadband Markets revenue, representing 41.6% of total revenue, decreased by $2.8 million, or 6.8%, due to lower video and data revenue, with video revenue declining due to a 13.0% decrease in video RGUs and data revenue declining due to a 3.0% decline in data ARPU. Commercial Fiber revenue, representing 22.5% of total revenue, increased by $1.2 million, or 5.9%. RLEC & Other revenue, representing 5.9% of total revenue, decreased by $1.1 million, or 16.1%, primarily due to a 35.5% decrease in DSL RGUs. Cost of services increased by $0.5 million, or 1.7%. Selling, general and administrative expense decreased by $0.6 million, or 2.1%. Restructuring, integration and acquisition expense decreased by $0.1 million. Depreciation and amortization decreased by $0.8 million, or 2.3%, primarily due to a $3.2 million decline in write-offs. Capital expenditures were $215.0 million for the nine months ended September 30, 2026, compared with $251.5 million for the same period in 2025, a decrease of $36.5 million. The company received $22.1 million in government grant cash receipts during the nine months ended September 30, 2026, compared to $39.9 million in the same period of 2025. As of September 30, 2026, total available liquidity was $138.6 million, including $18.6 million in unrestricted cash and cash equivalents, $27.0 million in restricted cash, $49.8 million of availability under Shentel Broadband’s Revolving Credit Facility, $16.3 million under Shentel Issuer’s Variable Funding Note (VFN), and $26.9 million in remaining reimbursements available under government grants. The company has $84.2 million of VFN commitments not available to draw as of September 30, 2026. Shentel announced a reduction in force of approximately 10% of its employees, expected to be substantially complete by the end of 2026, with anticipated annual savings of approximately $12.3 million beginning in 2027 and expected restructuring costs of approximately $2.5 million. During the nine months ended September 30, 2026, Shentel incurred $2.3 million in severance expense and made $0.5 million of severance payments. The company updated its 2026 capital expenditure guidance, net of government grant reimbursements, to $255 million to $275 million, compared to previous guidance of $220 million to $250 million. The revised outlook reflects a projected increase in Glo Fiber homes passed from 510,000 to 517,000 by the end of 2026 and changes in the timing of some subsidy reimbursements. For the year ending December 31, 2026, revenue guidance is $370 million to $377 million, compared to $358 million in 2025, a 4.4% increase. Adjusted EBITDA guidance is $131 million to $136 million, compared to $119 million in 2025, a 12.1% increase. Capital expenditures, net of government grant reimbursements, are guided to $255 million to $275 million, compared to $296 million in 2025, a decrease of 10.6%. Ed McKay, President and CEO, stated that the company surpassed 500,000 Glo Fiber passings and delivered a record 8,600 Glo Fiber net additions in the third quarter. Fiber revenue grew nearly 20% and now represents 52% of total revenue. The company’s major construction programs are nearing completion, and it is entering the next phase of its fiber-first strategy focused on customer growth, operating leverage, and cash generation. The company’s third-quarter earnings conference call will be webcast at 8:30 a.m. ET on Wednesday, October 28, 2026.

Shenandoah Telecommunications Company Announces 2026 Annual Dividend

(NASDAQ:SHEN) Shenandoah Telecommunications Company (Shentel) announced that its Board of Directors has declared a cash dividend of $0.12 per share. The dividend will be payable on December 1, 2026, to shareholders of record as of the close of business on November 2, 2026. This dividend represents an increase of $0.01 per share, or 9.1%, over the December 2025 dividend. The 2026 dividend marks Shentel’s sixty-seventh consecutive year of annual dividends. Ed McKay, President and CEO of Shentel, stated that the increase in the annual dividend reflects the company’s confidence in its business and long-term growth outlook. McKay also noted that Shentel continues to see strong momentum across its fiber businesses and remains focused on creating durable value for shareholders. Shentel provides broadband services through high speed, state-of-the-art fiber optic and cable networks to residential and commercial customers in eight contiguous states in the eastern United States. The company’s services include broadband internet, video, voice, high-speed Ethernet, dedicated internet access, dark fiber leasing, and managed network services. Shentel owns an extensive regional network with over 19,800 route miles of fiber. The company has a long-standing history of paying annual dividends. The dividend increase is attributed to the company’s positive business performance and outlook. The announcement reiterates Shentel’s commitment to shareholder returns. The company’s network infrastructure supports a broad range of telecommunications services. The dividend declaration is part of Shentel’s ongoing capital allocation strategy. The company’s leadership emphasizes continued growth and value creation. The dividend is part of a consistent track record of annual payments.

Shenandoah Telecommunications Company to Hold its Third Quarter 2026 Earnings Call at 8:30 a.m. on Wednesday, October 28, 2026

(NASDAQ:SHEN) Shenandoah Telecommunications Company (Shentel) announced that it will release its third quarter 2026 financial results before the market opens on Wednesday, October 28, 2026. The company will host a conference call and simultaneous webcast on October 28, 2026, at 8:30 a.m. Eastern Time to discuss its financial results and business highlights. The webcast can be accessed via the company's investor relations website. Analysts are invited to register to dial in for the call. A replay of the call will be available for a limited time on the Investor Relations page of the company’s website. Shenandoah Telecommunications Company provides broadband services through its high speed, state-of-the-art fiber optic and cable networks to residential and commercial customers in eight contiguous states in the eastern United States. The company’s services include broadband internet, video, voice, high-speed Ethernet, dedicated internet access, dark fiber leasing, and managed network services. The company owns an extensive regional network with over 19,800 route miles of fiber.

Shentel Completes Fiber-to-the-Home Upgrade in Buchanan, Virginia

(NASDAQ:SHEN) Shenandoah Telecommunications Company (Shentel) announced the completion of technology upgrades in Buchanan, Virginia, which bring fiber-to-the-home service to the community. The enhanced network now delivers symmetrical internet speeds up to 8 Gbps for residential customers. Business customers can access internet speeds up to 100 Gbps. Shentel’s 100% fiber-optic network is now available to approximately 1,000 homes and businesses in Buchanan and Botetourt County. The company also offers a full suite of voice and other services in addition to high-speed internet. The announcement highlights the expansion of Shentel’s fiber-optic infrastructure and the increased connectivity options for both residential and business customers. The upgrades are part of Shentel’s ongoing efforts to expand its fiber network and improve service offerings. The company emphasizes the availability of its 100% fiber-optic network in the newly upgraded areas. The completion of these upgrades marks a significant milestone in Shentel’s regional network expansion. The company’s fiber-to-the-home service is designed to provide reliable, high-speed internet access. The network enhancements are expected to benefit the local community by supporting advanced digital services. Shentel’s investment in fiber technology aims to meet the growing demand for faster and more reliable internet connections. The company’s services are now accessible to a broader customer base in Buchanan and Botetourt County. The announcement underscores Shentel’s commitment to delivering advanced telecommunications solutions. The company continues to focus on expanding its network footprint and enhancing service quality for its customers.

Shenandoah Telecommunications Company Reports Second Quarter 2026 Results

(NASDAQ:SHEN) Shenandoah Telecommunications Company announced second quarter 2026 financial and operating results, reporting total revenue of $93.5 million, a 5.5% increase year over year. Glo Fiber Expansion Markets revenue grew 32.8% year over year to $26.3 million, and the company added its 100,000th Glo Fiber customer with a record 6,200 Glo Fiber net additions. Net loss for the quarter was $7.7 million compared to $9.0 million in the second quarter of 2025, while Adjusted EBITDA grew 12.9% year over year to $32.0 million. Capital expenditures were $146.2 million for the six months ended June 30, 2026, down from $169.4 million for the same period in 2025, and total available liquidity as of June 30, 2026 was $158.9 million. The company announced a reduction in force of approximately 10% of its employees on February 23, 2026, with expected annual savings of $12.3 million beginning in 2027 and anticipated restructuring costs of $3.1 million. The company reiterates its 2026 financial guidance, projecting total revenue of $370-$377 million, Adjusted EBITDA of $131-$136 million, and capital expenditures (net of government grant reimbursements) of $220-$250 million for the year ending December 31, 2026.

Glo Fiber Celebrates 100,000th Customer Milestone

(NASDAQ:SHEN) Shenandoah Telecommunications Company (Shentel) announced that Glo Fiber, powered by Shentel, has connected its 100,000th fiber broadband customer. Glo Fiber provides super-fast, symmetrical upload and download speeds of up to 8 gigabits per second (Gbps). The company’s services are now available to more than 449,000 homes and businesses. Shentel owns an extensive regional network with more than 19,400 route miles of fiber. Glo Fiber offers phone service, video service, and Wi-Fi in addition to high-speed internet. Shentel provides broadband services through its high-speed, state-of-the-art fiber optic and cable networks to residential and commercial customers in eight contiguous states in the eastern United States. Glo Fiber uses state-of-the-art technology, including XGS-PON 10 Gbps networks.

Shentel Completes the Expansion of Gigabit Broadband Service in Campbell County

Shenandoah Telecommunications Company (Shentel) (NASDAQ:SHEN) announced the completion of its Virginia Telecommunications Initiative (VATI) project to expand gigabit broadband internet service to more than 4,100 previously unserved homes in Campbell County, Virginia. The $20 million construction project was funded by the VATI program, Shentel’s own capital investment, and a contribution from Campbell County. Shentel highlighted its fast internet, exceptional reliability, prompt local customer service, and a full range of video and voice service options as key differentiators. The company serves residential and commercial customers in eight contiguous states in the eastern United States and owns a regional network with over 19,400 route miles of fiber. The project was completed on schedule and within budget. This expansion creates expanded connectivity for residents and the community. Further information about Shentel’s services is available on their website.

Shentel Completes the Expansion of Gigabit Broadband Service in Franklin County

Shenandoah Telecommunications Company (Shentel) (Nasdaq: SHEN) announced the completion of its Virginia Telecommunications Initiative (VATI) project, expanding gigabit broadband internet service to more than 6,700 previously unserved homes in Franklin County, Virginia. The $32 million construction project was funded by the VATI program, Shentel’s own capital investment, and a contribution from Franklin County. Shentel provides broadband services through fiber optic and cable networks to residential and commercial customers in eight contiguous states in the eastern United States. The company owns a regional network with over 19,400 route miles of fiber. This project strengthens infrastructure and connectivity for residents, businesses, and community institutions.

Shenandoah Telecommunications Company Reports First Quarter 2026 Results

Shenandoah Telecommunications Company (NASDAQ:SHEN) reported its first quarter 2026 financial results, highlighting a 4.8% year-over-year increase in total revenue to $92.2 million and a 34.6% increase in Glo Fiber Expansion Markets revenue to $24.8 million. The company posted a net loss from operations of $15.8 million, compared to $9.1 million in the same period of 2025, while Adjusted EBITDA grew 15.0% to $31.7 million. Capital expenditures for the quarter were $75.8 million, down from $83.2 million in Q1 2025. Shentel reiterated its 2026 financial guidance, projecting total revenue between $370 million and $377 million and Adjusted EBITDA between $131 million and $136 million for the year. The company is on track to complete its Glo Fiber expansion in 2026 and achieve positive free cash flow in 2027.