Shenandoah Telecommunications C
13.11+0.19 (+1.47%)
Oct 29, 4:00:00 PM EDT · NasdaqGS · SHEN · USD
Key Stats
Market Cap
719.70MP/E (TTM)
-Basic EPS (TTM)
-0.65Dividend Yield
0.01%Recent Filings
8-K
Shentel CEO succession announced
Shenandoah Telecommunications announced on July 29, 2025, that CEO Christopher E. French will transition to Executive Chairman effective September 1, 2025, while Edward H. McKay, current COO with 25 years in telecom, steps up as President and CEO on the same date. This succession ensures leadership continuity amid accelerating fiber growth plans. French's base salary drops to $450,000 with 80% target bonus; McKay's rises to $550,000 with 90% bonus. Smooth handover ahead.
8-K
Shentel Q2 revenue rises 3.2%
Shenandoah Telecommunications reported Q2 2025 results on July 31, with total revenue up 3.2% to $88.6 million, fueled by Glo Fiber Expansion Markets revenue surging 40.5% to $19.8 million amid 43.1% subscriber growth to 76,000. Net loss from continuing operations narrowed to $9.0 million from $12.8 million, while Adjusted EBITDA climbed 21.9% to $28.4 million, lifting margins to 32%. Glo Fiber drives expansion. The company initiated 2025 guidance projecting revenue of $352-357 million and Adjusted EBITDA of $113-118 million, yet rising capital expenditures to $260-290 million net of grants signal heavy network investment risks.
10-Q
Q2 FY2025 results
Shentel's Q2 revenue climbed 3.2% y/y to $88.6M, fueled by 40.5% growth in Glo Fiber expansion markets to $19.8M, though incumbent broadband dipped 3.2% to $42.8M on video declines. Operating loss narrowed to $9.1M from $15.9M y/y, with cost of services down 5.5% and restructuring costs plunging 98.2%, yet depreciation surged 37.2% to $35.1M from network builds and a $4.2M write-off. Diluted EPS from continuing operations improved to $(0.19) from $(0.24), aligning with 55,103 weighted shares. Cash from operations hit $43.7M YTD, funding $169.4M capex; debt rose to $511.8M net at 6.97% after $100M drawdown, with $143M revolver availability and $94.6M grants pending. The Horizon acquisition closed April 2024 for $416.2M (cash/stock mix), adding full-quarter impact this year. Competition erodes video subscribers.
8-K
Shentel waives ECP standstill
Shentel waived standstill limits in its October 2023 Investment Agreement with ECP, allowing the investor to buy up to 2.25 million more shares of common stock through open market, private deals, or Rule 10b5-1 plans. This limited waiver, effective May 21, 2025, and expiring a year later, eases ECP's ownership cap while the original agreement stays intact. ECP holds over 7.5% already. No other terms changed.
8-K
Q1 revenue up 26.9%
Shenandoah Telecommunications reported Q1 2025 results, with total revenue surging 26.9% to $87.9 million, fueled by $15.2 million from acquired Horizon markets and 52% growth in Glo Fiber Expansion Markets to $18.4 million, where subscribers hit 71,000. Yet net loss from continuing operations widened to $9.1 million, driven by higher depreciation from network expansions. Adjusted EBITDA climbed 43.3% to $27.6 million. Glo Fiber drives expansion, but integration costs linger.
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