Quarterly ResultJul 29, 2026, 07:02 AM
Shentel Q2 Revenue $93.5M, Adj. EBITDA $32.0M; Glo Fiber Hits 100K Customers
AI Summary
Shenandoah Telecommunications Company (Shentel) announced its second quarter 2026 financial results, reporting a 5.5% year-over-year increase in total revenue to $93.5 million and a 12.9% rise in Adjusted EBITDA to $32.0 million. The company's net loss improved to $7.7 million from $9.0 million in the prior year quarter. Shentel achieved a significant milestone by adding its 100,000th Glo Fiber customer and recorded a record 6,200 Glo Fiber net additions, with fiber businesses now contributing 51% of total revenue. The company also reiterated its 2026 financial guidance and detailed a 10% workforce reduction expected to yield $12.3 million in annual savings from 2027.
Key Highlights
- Glo Fiber reached 100,000 customers and added a record 6,200 net customers.
- Total revenue increased 5.5% year-over-year to $93.5 million.
- Adjusted EBITDA grew 12.9% year-over-year to $32.0 million.
- Net loss improved to $7.7 million compared to $9.0 million in Q2 2025.
- Fiber businesses revenue grew 21% YoY, now representing 51% of total revenue.
- Capital expenditures decreased by $23.2 million to $146.2 million for H1 2026.
- Company reiterated 2026 financial guidance for revenue, EBITDA, and capex.
- Announced 10% workforce reduction for $12.3 million annual savings from 2027.
Price Impact
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