Earnings ·
Shenandoah Telecommunications Company reported second quarter 2026 financial results, announcing a net loss of $7.7…
SHENShenandoah Telecommunications Co
Shenandoah Telecommunications Company reported second quarter 2026 financial results, announcing a net loss of $7.7 million compared to $9.0 million in the prior year period. Total revenue increased 5.5% year over year to $93.5 million, driven by a 32.8% growth in Glo Fiber Expansion Markets revenue to $26.3 million and a 9.8% increase in Commercial Fiber revenue. Adjusted EBITDA grew 12.9% to $32.0 million. The company reiterated its full-year 2026 financial guidance, projecting total revenue between $370 million and $377 million and adjusted EBITDA between $131 million and $136 million. Additionally, the firm announced a reduction in force of approximately 10% of employees to align with the completion of Glo Fiber construction, expecting annual savings of $12.3 million beginning in 2027. Shenandoah Telecommunications Company operates in the telecommunications industry, providing broadband internet, video, voice, and managed network services via fiber optic and cable networks.