SHEN Q2 Revenue +5.5% to $93.5M; Operating Loss Narrows
SHENANDOAH TELECOMMUNICATIONS CO/VA/ reported a 5.5% increase in Q2 2026 service revenue to $93.5 million, with operating loss narrowing significantly to $1.0 million from $9.1 million year-over-year. The company completed a significant debt refinancing in December 2025, utilizing Asset Backed Securitization and a new Revolving Credit Facility. Additionally, a 10% reduction in force was announced in February 2026, resulting in $2.2 million in restructuring expenses for the six months ended June 30, 2026.
Key Highlights
- Q2 2026 Service Revenue increased 5.5% to $93.5 million from $88.6 million YoY.
- Q2 2026 Operating Loss narrowed significantly to $1.0 million from $9.1 million YoY.
- Net loss attributable to common shareholders improved to $(9.3) million in Q2 2026 from $(10.5) million YoY.
- Glo Fiber Expansion Markets revenue grew 32.8% to $26.3 million in Q2 2026.
- Long-term debt, net, increased to $715.0 million as of June 30, 2026, from $628.2 million.
- Net cash provided by operating activities for six months increased to $48.8 million.
- Announced 10% reduction in force in February 2026, incurring $2.2 million restructuring expense.
Price Impact
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