Shenandoah Telecommunications Q3 revenue rises 4.6% on fiber growth

Shenandoah Telecommunications

28/10/2026 11:20

Overview
US broadband provider's Q3 revenue rose 4.6% yr/yr, driven by Glo Fiber expansion
Adjusted EBITDA for Q3 grew 11.8% yr/yr as fiber revenue rose nearly 20%
Company previously announced 10% workforce reduction as fiber construction nears completion

Outlook
Company maintains 2026 revenue guidance at $370 mln to $377 mln
Shenandoah Telecom keeps 2026 adjusted EBITDA outlook at $131 mln to $136 mln
Company raises 2026 capital expenditure guidance to $255 mln-$275 mln from $220 mln-$250 mln

Result Drivers
GLO FIBER EXPANSION - Co said 32.2% yr/yr revenue growth in Glo Fiber Expansion Markets was driven by higher penetration rates and increased passings
INCUMBENT BROADBAND DECLINE - Co said revenue in Incumbent Broadband Markets fell 6.8% yr/yr due to lower video and data revenue, with video RGUs down 13% as customers switched to streaming
COMMERCIAL FIBER GROWTH - Co said Commercial Fiber revenue rose 5.9% yr/yr due to increases in recurring revenue from additional circuit services sold to new and existing customers

Company press release: ID:nGNX56FhTV

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Loss Per Share
Beat
$0.19
$0.23 (2 Analysts)
Q3 Net Loss
 
$9.18 mln
 
Q3 Operating Expenses
 
$95.91 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the integrated telecommunications services peer group is "buy"
Wall Street's median 12-month price target for Shenandoah Telecommunications Co is $27.50, about 174.2% above its October 27 closing price of $10.03

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)