Shentel Reports Q3 Revenue Growth, Raises 2026 Capex Guidance
Shentel reported third-quarter revenue of $93.9 million, up 4.6% year over year, and adjusted EBITDA of $33.2 million, up 11.8%; it posted a $9.2 million net loss. The company raised its 2026 capital expenditure guidance to $255 million-$275 million from $220 million-$250 million.
Shenandoah Telecommunications Company (Shentel) announced its third quarter 2026 financial results, reporting total revenue of $93.9 million, a 4.6% increase year over year. The company's Glo Fiber segment saw significant growth, with revenue in expansion markets rising 32.2% to $28.2 million and total fiber revenue now representing 52% of the company's total revenue. Adjusted EBITDA grew 11.8% to $33.2 million, while the company reported a net loss of $9.2 million.
Additionally, Shentel updated its 2026 capital expenditure guidance to a range of $255 million to $275 million, up from the previous $220 million to $250 million, citing an increase in projected Glo Fiber homes passed and timing shifts in subsidy reimbursements. The company also announced plans to achieve approximately $12.3 million in annual savings beginning in 2027 through restructuring efforts.