Open report — full analysis, no account required.
Sign up to generate reports and read filings that aren't on the open list.
Get notified when SHEN files again. Create a free account and we'll email you the moment its next filing is analyzed.
Get filing alertsShenandoah Telecom reports Q2 revenue up 5.5%, reaches 100,000 Glo Fiber customers
Filed July 29, 2026 · Period ending July 29, 2026 · ~1 min read
Key Changes
-
high
Q2 revenue grew 5.5% to $93.5M with Adjusted EBITDA up 12.9% to $32.0M; net loss narrowed to $7.7M from $9.0M year-ago, driven by fiber expansion now representing 51% of total revenue.
Item 2.02 verify on EDGAR → -
high
Reached 100,000 Glo Fiber customers with record 6,200 net additions in Q2; Expansion Markets revenue grew 32.8% to $26.3M on 32.1% increase in data revenue generating units.
Item 2.02 verify on EDGAR → -
high
Reiterated 2026 guidance: revenue $370-377M (4.4% growth), Adjusted EBITDA $131-136M (12.1% growth), net capex $220-250M (20.7% decline) as fiber construction phase nears completion.
Item 2.02 verify on EDGAR → -
medium
10% workforce reduction announced in February to align with end of Glo Fiber construction by year-end 2026; expects $12.3M annual savings starting 2027, incurred $2.2M severance through June.
Item 2.02 verify on EDGAR → -
medium
Total available liquidity of $158.9M as of June 30, including $23.9M unrestricted cash, $74.8M revolving credit availability, and $27.4M in government grant reimbursements.
Item 2.02 verify on EDGAR →
Summary
Shenandoah Telecommunications reported second quarter 2026 results showing continued momentum in its fiber expansion strategy. Revenue grew 5.5% year-over-year to $93.5 million, with fiber businesses now representing 51% of total revenue and growing 21% year-over-year. The company reached a milestone of 100,000 Glo Fiber customers and added a record 6,200 net customers in the quarter.
Adjusted EBITDA increased 12.9% to $32.0 million, reflecting improved operating leverage as the business scales. The net loss narrowed to $7.7 million from $9.0 million in the prior-year quarter. The company reiterated its full-year 2026 guidance, projecting revenue of $370-377 million and Adjusted EBITDA of $131-136 million, representing 4.4% and 12.1% growth respectively at the midpoints.
Capital expenditures are expected to decline 20.7% to $220-250 million as the Glo Fiber construction phase nears completion by year-end. Management announced a 10% workforce reduction in February to align with this transition, expecting $12.3 million in annual savings beginning in 2027. The company reported $158.9 million in total available liquidity as of June 30, 2026, providing financial flexibility as it shifts from construction to operating its expanded fiber footprint.
Section-by-Section Diff
Event · Item 2.02 — Results of Operations and Financial Condition
Shenandoah Telecommunications disclosed Q2 2026 financial results via press release and supplemental earnings materials.
Added in current filing · verify on EDGAR →
On July 29, 2026, Shenandoah Telecommunications Company (the “Company”) issued a press release announcing its financial position as of June 30, 2026, results of operations for the three and six months ended June 30, 2026, and other related information.
The company announced its second quarter 2026 financial results through a press release. The disclosure covers the company's financial position as of June 30, 2026, and operating results for both the three-month and six-month periods ended that date. Specific financial metrics are contained in the press release furnished as Exhibit 99.1.
Added in current filing · verify on EDGAR →
The Company also posted supplemental earnings presentation materials on the investor section of the Company’s website at www.Shentel.com.
In addition to the press release, the company made supplemental earnings presentation materials available on its investor relations website. These materials typically provide additional detail, context, and analysis beyond the press release to help investors understand the quarterly results.
Event · Exhibit 99.1
Added in current filing · view on EDGAR →
Total revenue increased 5.5% year over year to $93.5 million.
Net loss was $7.7 million compared to $9.0 million in the second quarter of 2025.
Adjusted EBITDA1 grew 12.9% year over year to $32.0 million.
Shentel's total revenue grew 5.5% year-over-year to $93.5 million in Q2 2026, driven by 32.8% growth in Glo Fiber Expansion Markets revenue. The net loss narrowed from $9.0 million in Q2 2025 to $7.7 million in Q2 2026. Adjusted EBITDA increased 12.9% to $32.0 million, reflecting improved operating leverage as fiber businesses now represent 51% of total revenue with 21% year-over-year growth.
Added in current filing · view on EDGAR →
As of June 30, 2026, the Company’s total available liquidity was $158.9 million, consisting of (i) unrestricted cash and cash equivalents totaling $23.9 million; (ii) restricted cash as required by the ABS Indenture totaling $30.9 million; (iii) $74.8 million of availability under Shentel Broadband’s Revolving Credit Facility; (iv) $1.9 million under Shentel Issuer’s Variable Funding Note (“VFN”); and (v) an aggregate of $27.4 million remaining reimbursements available under government grants, subject to fulfilling the terms of the underlying agreements. In addition, the Company has $105.1 million of VFN commitments that are not available to draw as of June 30, 2026.
Shentel reported total available liquidity of $158.9 million as of June 30, 2026, including $23.9 million in unrestricted cash, $30.9 million in restricted cash, $74.8 million in revolving credit availability, $1.9 million under a Variable Funding Note, and $27.4 million in government grant reimbursements. An additional $105.1 million in VFN commitments exists but is not yet available to draw, with capacity increasing based on secured fiber network revenue growth.
Thanks — your feedback helps us improve report quality.
Figures/quotes linked to EDGAR · Narrative written by AI · Jul 30, 2026 · How we verify