SHENANDOAH TELECOMMUNICATIONS CO/VA/ (SHEN) Form 10-Q — Oct 28, 2026
Shentel reported Q3 2026 revenue of $93.9 million, up 4.6% year over year, driven by 32.2% growth in Glo Fiber expansion market revenue and 5.9% growth in Commercial Fiber. Adjusted EBITDA rose 11.8% to $33.2 million and the operating loss narrowed 72% to $1.98 million. The company still posted a Q3 net loss of $9.2 million (-$0.19 per share) and a nine-month net loss of $32.6 million, with interest expense up 67.5% to $10.5 million in the quarter as total debt reached $759.9 million following its ABS securitization.
Key figures
- Revenue
- 93934000
- Total Debt
- 759905000
- Revenue Yoy
- 4.6%
- Total Assets
- 2009249000
- Cash Position
- 18647000
- Shares Outstanding
- 55365651
- Homes passed
- 754603
- Rcf outstanding
- 118000000
- Vfn outstanding
- 74500000
- Abs class b notes
- 78263000
- Capex nine months
- 215014000
- Abs class a2 notes
- 489142000
- Nine month revenue
- 279549000
- Q3 adjusted ebitda
- 33188000
- Q3 adjusted ebitda yoy
- 11.8%
- Glo fiber revenue q3 yoy
- 32.2%
- Incumbent revenue q3 yoy
- -6.8%
- Government grants awarded
- 152300000
- Total available liquidity
- 138600000
- Nine month interest expense yoy
- 67.5%
- Series a preferred liquidation preference
- 94900000
AI analysis
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