Shenandoah Telecom

At the Technology Leadership Forum 2026, Shenandoah Telecommunications highlighted its focus on expanding Glo Fiber, with over 100,000 subscribers and 33% revenue growth in the second quarter. Management expects annual revenue increases of 4–5%, EBITDA growth in the low double digits, and margin expansion of 300–400 basis points per year to above 40%. Consolidated capital intensity is forecast to fall below 30% in 2025, enabling a return to positive free cash flow in 2025 after four years of negative free cash flows. The cable business faces price and competitive pressure in rural markets; Starlink is viewed as a niche competitor, while business-customer fiber and data-center connectivity are seen as capital-light growth areas. » More on de.investing.com

Shenandoah Telecommunications reported Q1 2026 revenue up 4.8% to $92.2 million, driven by 34.6% growth in its Glo‑Fiber expansion markets. Earnings per share came in at -$0.31, well below the analyst estimate of -$0.23, while adjusted EBITDA rose 15% to $31.7 million and the EBITDA margin improved by 300 basis points to 34.4%. Despite the earnings disappointment, the stock rose 1.5% in premarket trading after management confirmed full‑year revenue guidance of $370–377 million. Risks remain competitive pressure, declining video connections and cost control amid continued buildout investments. » More on de.investing.com

Shentel reported Q1 2026 revenue of $92.2m (+4.8%) and adjusted EBITDA of $31.7m (+15%), but posted a loss per share of $0.31, missing analyst expectations. The Glo‑Fiber business added roughly 6,000 net data customers, increased passings by 22,000 to 449,000 and materially strengthened RGUs, while legacy markets continued to see churn in video and voice. For 2026 management expects revenue of $370–377m, adjusted EBITDA of $131–136m and significantly reduced capex, targeting positive free cash flow in 2027. » More on de.investing.com

Shentel, through subsidiary Shentel Issuer, placed secured fiber bonds totaling $567.4 million, including class A-2 of $489.1 million (coupon 5.64%) and class B of $78.3 million (coupon 6.03%), with expected maturity in December 2030. The bonds are secured by fiber assets and customer contracts in Virginia, Ohio, Pennsylvania, India and Maryland and will be used to repay existing loans and for general corporate purposes. The offering exceeds the current market capitalization and comes despite high indebtedness of $548.5 million, a current ratio of 0.5 and negative free cash flow over the past twelve months. Operationally, Shentel reported revenue growth of 13.2% last year; in Q3 2025 EPS was -$0.20 and revenue was slightly above expectations. » More on de.investing.com

Shenandoah Telecommunications Co. presented its transformation to an FTTH provider at the Bank of America conference, targeting 500,000–550,000 Glo Fiber passings by the end of 2026 and annual revenue above $350 million. The company plans an ABS refinancing to lower debt costs by about 100 basis points, expects a temporarily higher net leverage ratio, but forecasts positive free cash flow from 2027 after buildout completion. Shenandoah is prioritizing greenfield projects, intends to acquire smaller regional providers, and focuses on reinvestment with later possibilities for dividends or share buybacks. » More on de.investing.com