Quarterly ResultMay 1, 2026, 07:03 AM
SHEN Q1 Revenue +4.8% to $92.2M; Adj. EBITDA +15%; Net Loss $15.8M
AI Summary
Shenandoah Telecommunications Company reported Q1 2026 results with total revenue increasing 4.8% to $92.2 million and Adjusted EBITDA growing 15.0% to $31.7 million. However, the company posted a net loss of $15.8 million, wider than the $9.1 million loss in Q1 2025, primarily due to increased operating expenses and depreciation. Shentel reiterated its 2026 financial guidance and is on track to complete its Glo Fiber expansion in 2026, aiming for positive free cash flow in 2027. The company also incurred $2.1 million in severance costs related to a previously announced 10% workforce reduction.
Key Highlights
- SHEN Q1 2026 total revenue increased 4.8% YoY to $92.2 million.
- Adjusted EBITDA grew 15.0% YoY to $31.7 million.
- Net loss from operations widened to $15.8 million from $9.1 million in Q1 2025.
- Glo Fiber Expansion Markets revenue surged 34.6% YoY to $24.8 million.
- Capital expenditures decreased by $7.4 million YoY to $75.8 million.
- Company reiterated 2026 guidance: revenue $370-$377M, Adjusted EBITDA $131-$136M.
- Incurred $2.1 million in severance costs from 10% workforce reduction.