Earnings summaries and quarterly performance for SHENANDOAH TELECOMMUNICATIONS CO/VA/.
Executive leadership at SHENANDOAH TELECOMMUNICATIONS CO/VA/.
EH
Edward H. McKay
Detailed
President and Chief Executive Officer
CEO
CE
Christopher E. French
Detailed
Executive Chairman
EM
Elaine M. Cheng
Detailed
Senior Vice President and Chief Information Officer
JJ
James J. Volk
Detailed
Senior Vice President – Finance and Chief Financial Officer
RW
Richard W. Mason Jr.
Detailed
Senior Vice President – Engineering & Operations
TL
Tracy L. Willis
Detailed
Principal Accounting Officer
Board of directors at SHENANDOAH TELECOMMUNICATIONS CO/VA/.
JF
James F. DiMola
Detailed
Director
JW
John W. Flora
Detailed
Director
KL
Kenneth L. Quaglio
Detailed
Director
LA
Leigh Ann Schultz
Detailed
Director
MS
Matthew S. DeNichilo
Detailed
Director
MA
Michael A. Rhymes
Detailed
Director
RL
Richard L. Koontz, Jr.
Detailed
Director
TA
Thomas A. Beckett
Detailed
Director
TF
Tracy Fitzsimmons
Detailed
Lead Independent Director
VC
Victor C. Barnes
Detailed
Director
Research analysts who have asked questions during SHENANDOAH TELECOMMUNICATIONS CO/VA/ earnings calls.
HK
Hamed Khorsand
BWS Financial
8 questions for SHEN
Also covers: ADEA, ARLO, ATEN +14 more
FL
Frank Louthan
Raymond James
2 questions for SHEN
Also covers: AKAM, ATUS, CABO +15 more
Vikash Harlalka
New Street Research
2 questions for SHEN
Also covers: ATUS, CHTR, OPTU +2 more
Robert Palmisano
Raymond James
1 question for SHEN
Also covers: AKAM, ATUS, FYBR +3 more
Recent press releases and 8-K filings for SHEN.
Shenandoah Telecommunications (SHEN) Provides 2026 Outlook, Capital Structure Update, and Strategic Plans
SHEN
Guidance Update
Debt Issuance
New Projects/Investments
- Shenandoah Telecommunications (SHEN) expects to substantially complete its Glo Fiber build-out by the end of 2026, reaching approximately 510,000 fiber to the home passings, and anticipates becoming free cash flow positive starting in 2027.
- The company introduced an ABS into its capital structure in 2025, reducing its cost of debt by 170 basis points and saving $11 million annually in cash interest, with net leverage expected to peak around 5.3-5.4 times by the end of 2026.
- For 2026, SHEN projects 4% revenue growth and 12% EBITDA growth, driven by expected EBITDA margin expansion of 300-400 basis points and a recent reduction in force saving $12 million annually.
- SHEN plans to focus on tuck-in fiber to the home acquisitions in the short term, with potential for more transformative M&A in 2027-2028 once free cash flow positive.
Mar 4, 2026, 12:05 AM
Shentel Provides Update on Glo Fiber Build-out, Financial Outlook, and M&A Strategy
SHEN
Guidance Update
Debt Issuance
M&A
- Shenandoah Telecommunications (Shentel) is on track to substantially complete its Glo Fiber build-out in calendar 2026, expecting to end the year with approximately 510,000 fiber to the home passings.
- The company anticipates becoming free cash flow positive starting in 2027, supported by a $12 million annual saving from a recent reduction in force and a 170 basis point reduction in debt cost, saving $11 million annually.
- Net leverage is projected to peak around 5.3-5.4 times by the end of 2026 and is expected to decrease to approximately 3 times within 4-5 years through organic EBITDA growth.
- Shentel's M&A strategy for the short term involves tuck-in acquisitions adjacent to existing markets, with a focus on transformative M&A in 2027-2028 once free cash flow positive.
- Capital intensity for the residential business is expected to be in the 15%-25% range long term, with an overall blended capital intensity around 25%-30% in 2027, which is about a third of recent spending.
Mar 4, 2026, 12:05 AM
Shenandoah Telecommunications Discusses Fiber Build-Out, Financial Strategy, and M&A Outlook
SHEN
Guidance Update
Debt Issuance
M&A
- Shenandoah Telecommunications (SHEN) is on track to substantially complete its Glo Fiber build-out by the end of 2026, expecting to reach approximately 510,000 fiber to the home passings.
- The company anticipates becoming free cash flow positive starting in 2027, driven by projected double-digit EBITDA growth, reduced capital intensity, and $11 million in annual interest savings from its new ABS financing structure.
- SHEN maintains low churn rates for residential (approximately 1% per month) and commercial (approximately 0.6% per month) services.
- The company plans to pursue opportunistic tuck-in fiber to the home acquisitions in the short term and may consider more transformative M&A in 2027-2028 once free cash flow positive.
Mar 4, 2026, 12:05 AM
Shentel Reports Strong Q4 2025 Results, Refinances Debt, and Issues 2026 Guidance
SHEN
Earnings
Guidance Update
Debt Issuance
- Shentel reported Q4 2025 revenues of $91.6 million, a 7.2% increase, and Adjusted EBITDA of $33.5 million, up 31.3% year-over-year.
- The company achieved significant growth in its fiber-first strategy, with Glo Fiber passings reaching approximately 427,000 and Glo Fiber data RGUs growing 35% to 88,000 in 2025.
- Shentel successfully refinanced its debt in December 2025 with ABS financing, saving approximately 170 basis points in cash interest expense and extending maturities to 2030, which is expected to result in $11 million in annual cash interest savings.
- For 2026, the company projects revenues of $370 million-$377 million and Adjusted EBITDA of $131 million-$136 million. Additionally, a 10% workforce reduction was announced to generate $12.3 million in annual savings starting in 2027, as Shentel targets positive free cash flow in 2027.
Feb 26, 2026, 1:30 PM
Shenandoah Telecommunications Company Reports Strong Q4 2025 Results and Provides 2026 Guidance
SHEN
Earnings
Guidance Update
Layoffs
- Shenandoah Telecommunications Company (Shentel) reported Q4 2025 revenues of $91.6 million, up 7.2%, and Adjusted EBITDA of $33.5 million, up 31.3%, primarily driven by growth in its Glo Fiber and commercial fiber segments.
- The company continued its fiber-first strategy, with Glo Fiber passings reaching approximately 427,000 and Glo Fiber data RGUs growing 35% to 88,000 in 2025.
- Shentel provided 2026 guidance, projecting revenues of $370 million-$377 million and Adjusted EBITDA of $131 million-$136 million, alongside a significant decline in capital expenditures to $220 million-$250 million.
- The company successfully refinanced its debt in December 2025, resulting in $11 million in annual cash interest savings, and remains on track to achieve positive free cash flow in 2027.
- A workforce reduction of approximately 10% was announced on February 23rd, expected to generate $12.3 million in annual savings starting in 2027, as the Glo Fiber construction phase nears completion.
Feb 26, 2026, 1:30 PM
Shenandoah Telecommunications Company Reports Strong Q4 2025 Results, Provides 2026 Guidance, and Announces Debt Refinancing and Workforce Reduction
SHEN
Earnings
Guidance Update
Debt Issuance
- Shenandoah Telecommunications Company (Shentel) reported Q4 2025 revenue growth of 7.2% to $91.6 million and Adjusted EBITDA growth of 31.3% to $33.5 million, driven by its fiber-first strategy, with fiber-based lines of business surpassing incumbent broadband revenue in the quarter.
- The company provided 2026 guidance, projecting revenues of $370 million-$377 million (4.4% growth at midpoint) and Adjusted EBITDA of $131 million-$136 million (12.1% growth at midpoint). Capital intensity is expected to decline significantly from 83% in 2025 to 59%-67% in 2026 as construction nears completion.
- Shentel successfully refinanced its debt in December 2025 with ABS financing, which is expected to save approximately $11 million annually in cash interest and extends maturities to 2030. Total available liquidity was approximately $235 million as of December 31, 2025.
- A workforce reduction of approximately 10% was announced on February 23, 2026, anticipating $12.3 million in annual savings starting in 2027, aligning staffing with the planned completion of Glo Fiber construction. The company remains focused on achieving positive free cash flow in 2027.
Feb 26, 2026, 1:30 PM
Shenandoah Telecommunications Company Reports Q4 and Full Year 2025 Results
SHEN
Earnings
Guidance Update
Debt Issuance
- Shenandoah Telecommunications Company reported total revenue of $91.6 million for the fourth quarter of 2025, representing a 7.2% increase over the fourth quarter of 2024, and $357.9 million for the full year 2025, a 9.1% increase over 2024.
- The company's net loss from continuing operations was $5.4 million for Q4 2025 and $32.9 million for the full year 2025.
- Adjusted EBITDA grew 31.3% to $33.5 million in Q4 2025 and 26.0% to $119.1 million for the full year 2025.
- Glo Fiber Expansion Markets revenue was a significant growth driver, increasing 39.0% in Q4 2025 and 42.7% for the full year 2025.
- The company closed an inaugural offering of $567.4 million in secured fiber network revenue term notes, which is expected to reduce annual cash interest expense by over $10 million and fully fund the Glo Fiber build by the end of 2026. Shenandoah Telecommunications Company also initiates 2026 financial guidance, projecting total revenue between $370 million and $377 million and Adjusted EBITDA between $131 million and $136 million.
Feb 26, 2026, 12:00 PM
Shenandoah Telecommunications Company Reports Fourth Quarter and Full Year 2025 Results
SHEN
Earnings
Guidance Update
Debt Issuance
- Shenandoah Telecommunications Company (Shentel) announced fourth quarter 2025 total revenue grew 7.2% to $91.6 million and full year 2025 total revenue grew 9.1% to $357.9 million.
- For the fourth quarter 2025, Adjusted EBITDA grew 31.3% to $33.5 million, with the Adjusted EBITDA margin expanding to 36.5%. Full year 2025 Adjusted EBITDA grew 26.0% to $119.1 million, with the margin expanding to 33.3%.
- Glo Fiber Expansion Markets revenue grew 39.0% in Q4 2025 to $23.0 million and 42.7% for the full year 2025 to $82.6 million.
- Shentel closed an inaugural offering of $567.4 million aggregate principal amount of secured fiber network revenue term notes, which is expected to reduce annual cash interest expense by over $10 million and fully fund the completion of its Glo Fiber build by the end of 2026.
- The company initiated its 2026 financial guidance, projecting total revenue between $370 million and $377 million and Adjusted EBITDA between $131 million and $136 million.
Feb 26, 2026, 12:00 PM
Shentel Completes Refinancing of Credit Facilities
SHEN
Debt Issuance
New Projects/Investments
- Shenandoah Telecommunications Company (Shentel) completed the refinancing of its credit facilities on December 5, 2025, which is expected to lower its cost of debt by approximately 170 basis points, or $10.0 million annually, and extend maturities to 2030.
- The refinancing included closing $567.4 million Secured Fiber Network Asset Revenue Term Notes due December 2030, raising a $175.0 million Variable Funding Note Facility due December 2029, and a new $175.0 million Revolving Credit Facility due December 2030.
- As part of the refinancing, Shentel repaid $585.4 million in previous Term and Revolving Credit Loans and borrowed $75.0 million from the new Revolving Credit Facility at closing.
Dec 10, 2025, 9:15 PM
Shentel Prices Inaugural Fiber Network Asset Securitization Offering
SHEN
Debt Issuance
- Shenandoah Telecommunications Company (Shentel) announced the pricing of an inaugural $567,405,000 secured fiber network revenue term notes offering through its subsidiary, Shentel Issuer, LLC.
- The offering includes $489,142,000 in Series 2025-1, Class A-2 term notes at 5.64% and $78,263,000 in Series 2025-1, Class B term notes at 6.03%, resulting in a weighted average coupon rate of approximately 5.69%.
- The notes have an anticipated repayment date in December 2030, and the offering is expected to close on December 5, 2025.
- Shentel intends to use the net proceeds primarily to repay and terminate existing term loans and for general corporate purposes.
Nov 20, 2025, 9:15 PM
Quarterly earnings call transcripts for SHENANDOAH TELECOMMUNICATIONS CO/VA/.
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