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.

Tracy Willis, Vice President and Chief Accounting Officer, resigned effective August 6, 2026. James Volk, Senior Vice President and Chief Financial Officer, will assume the role of principal accounting officer while remaining the principal financial officer. The resignation was not due to any disagreement regarding company operations, policies, or accounting practices. The company operates in the telecommunications industry, providing wireless and wireline services.

James F. DiMola resigned from the Board of Directors of Shenandoah Telecommunications Company, effective June 8, 2026. Matthew D. Rinklin, a Managing Director at GCM Grosvenor L.P., was elected to fill the vacancy as the Investor Director.