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Shenandoah Telecommunications Co (SHEN)
NASDAQ:SHEN
Earnings Data
Report Date
Apr 23, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
―Last Year’s EPS
-0.19Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
Overall the call conveyed strong execution on fiber expansion and commercial fiber growth, marked improvement in margins and a beneficial refinancing that materially lowers interest expense. Key operational strengths include robust subscriber and RGU growth in Glo Fiber, high NPS and low churn, and clear guidance toward reduced capital intensity and a path to positive free cash flow in 2027. Challenges include selective market passbacks due to rising aerial make-ready costs, near-term ARPU pressure from competitive 5-year price guarantees, declines in incumbent video and DSL revenue, and ongoing high absolute CapEx during the build phase. Management communicated pragmatic cost actions (10% workforce reduction) and conservative guidance, leaving the overall tone constructive with manageable headwinds.Company Guidance
Glo Fiber Expansion - Passings Growth
Passed approximately 427,000 homes and businesses in Glo Fiber expansion markets at year-end 2025, an annual increase of ~81,000 passings; total broadband passings across network exceed 679,000 across 8 states.
Glo Fiber Subscriber and RGU Momentum
Glo Fiber data RGUs grew 35% in 2025 to 88,000; total Glo Fiber RGUs surpassed 103,000 by year-end, up 33% year-over-year. Full year additions: ~23,000 new customers and ~26,000 RGUs; Q4 net adds: 5,300 new customers and >6,000 total RGUs.
Strong Revenue Growth in Expansion Markets
Overall Q4 revenues increased 7.2% to $91.6 million. Glo Fiber expansion market revenue grew $6.5 million or 39% year-over-year, driven by a 37% increase in data subscribers and a 2% increase in data ARPU.
Adjusted EBITDA Growth and Margin Expansion
Adjusted EBITDA grew $8.0 million or 31.3% to $33.5 million in Q4; adjusted EBITDA margin expanded by 670 basis points to 36.5% in the quarter, driven by revenue growth, synergy savings, higher capitalized labor and lower bad debt.
Refinancing Improves Cost of Capital
Completed inaugural ABS refinancing in December 2025: outstanding debt $642 million with weighted average interest rate of 5.75% vs prior 7.47% (saving ~172 bps). Expected annual cash interest savings of ~$11 million and extended maturities to 2030.
High Customer Satisfaction and Low Churn
Net Promoter Score of 61 (well above cable peers); average monthly churn of 1.01% in Q4 and 1.07% for full year 2025, indicating strong retention.
Commercial Fiber Strength
Commercial Fiber incremental monthly bookings exceeded 155,000 in Q4 (in line with prior year); second-half 2025 bookings rose ~9% vs second half 2024. Average monthly compression and disconnect churn remained low at 0.6% in Q4.
Multi-Year Track Record and Guidance
Five-year CAGRs: revenues +10% and adjusted EBITDA +16%, with management expecting low double-digit EBITDA growth going forward. 2026 guidance: revenues $370M–$377M (~4.4% growth at midpoint), adjusted EBITDA $131M–$136M (~12.1% growth at midpoint), and net CapEx $220M–$250M (guiding ~21% decline midpoint).
Declining Capital Intensity as Build Concludes
Capital intensity improved from 91% in 2024 to 83% in 2025 and is guided to ~59%–67% in 2026; expecting continued decline in capital intensity and trajectory to positive free cash flow in 2027.
SHEN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
SHEN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 26, 2026 | $13.55 | $13.96 | +3.03% |
Oct 29, 2025 | $12.98 | $12.31 | -5.16% |
Jul 31, 2025 | $14.54 | $13.12 | -9.77% |
Apr 30, 2025 | $12.89 | $11.03 | -14.43% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Shenandoah Telecommunications Co (SHEN) report earnings?
Shenandoah Telecommunications Co (SHEN) is schdueled to report earning on Apr 23, 2026, Before Open (Confirmed).
What is Shenandoah Telecommunications Co (SHEN) earnings time?
Shenandoah Telecommunications Co (SHEN) earnings time is at Apr 23, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SHEN EPS forecast?
Currently, no data Available