Shenandoah Telecommunications Company Reports Third Quarter 2026 Results
Key Highlights
- ➤Glo Fiber Expansion Markets revenue rose 32.2% year over year to $28.2 million
- ➤Total revenue increased 4.6% year over year to $93.9 million
- ➤Adjusted EBITDA grew 11.8% year over year to $33.2 million
- ➤2026 capital expenditure guidance raised to $255 million-$275 million
- ➤Glo Fiber surpassed 500,000 passings and added a record 8,600 net additions
Expert Statements
Ed McKay, President and CEO of Shentel
“We continue to see strong momentum across our fiber businesses, surpassing 500,000 Glo Fiber passings and delivering a record 8,600 Glo Fiber net additions in the third quarter”
Ed McKay, President and CEO of Shentel
“Fiber revenue grew nearly 20% and now represents 52% of total revenue, while Adjusted EBITDA increased 11.8%.”
Ed McKay, President and CEO of Shentel
“With our major construction programs nearing completion, we are entering the next phase of our fiber-first strategy focused on customer growth, operating leverage and cash generation.”
EDINBURG, Va., Oct. 28, 2026 (GLOBE NEWSWIRE) -- Shenandoah Telecommunications Company (“Shentel” or the “Company”) (Nasdaq: SHEN) announced third quarter 2026 financial and operating results.
Third Quarter 2026 Highlights * Glo Fiber Expansion Markets revenue grew 32.2% year over year to $28.2 million. * Total revenue increased 4.6% year over year to $93.9 million. * Net loss was $9.2 million compared to $9.4 million in the third quarter of 2025. * Adjusted EBITDA(1) grew 11.8% year over year to $33.2 million. “We continue to see strong momentum across our fiber businesses, surpassing 500,000 Glo Fiber passings and delivering a record 8,600 Glo Fiber net additions in the third quarter,” said Ed McKay, President and CEO. “Fiber revenue grew nearly 20% and now represents 52% of total revenue, while Adjusted EBITDA increased 11.8%. With our major construction programs nearing completion, we are entering the next phase of our fiber-first strategy focused on customer growth, operating leverage and cash generation.”
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