Shentel's Q3 revenue rises due to increase in subscribers

Shenandoah Telecommunications Co

29/10/2025 20:55

Overview

Shentel Q3 revenue grows 2.5% yr/yr to $89.8 mln

Net loss from continuing operations widens to $9.4 mln from $5.3 mln in Q3 2024

Adjusted EBITDA for Q3 rises 11.8% yr/yr to $29.7 mln, margin expands to 33%

Outlook

Shentel reiterates 2025 revenue guidance of $352 mln to $357 mln

Adjusted EBITDA for 2025 expected between $113 mln and $118 mln

Capital expenditures for 2025 projected at $260 mln to $290 mln

Result Drivers

GLO FIBER GROWTH - Revenue from Glo Fiber Expansion Markets grew 41.1% due to a 41.3% increase in average subscribers

SYNERGY SAVINGS - Cost of services decreased by $2.0 mln due to synergy savings from Horizon integration

INCUMBENT MARKET DECLINE - Revenue from Incumbent Broadband Markets declined due to a 14.9% drop in video RGUs and a 1.3% decline in data ARPU

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
$89.8 mln
Q3 EPS
-$0.20
Q3 Net Income
-$9.39 mln
Q3 Operating Expenses
$96.96 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "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 $26.00, about 50.3% above its October 28 closing price of $12.92

Press Release: ID:nGNX4M1tYP

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(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.)