Shenandoah Telecommunications Maintains FY2026 Outlook and Increases Capital Expenditure Forecast
Shenandoah Telecommunications (SHEN) reported third-quarter GAAP earnings per share of -$0.19, exceeding analyst expectations by $0.04. While quarterly revenue rose 4.6% year-over-year to $93.9 million, it slightly missed consensus estimates by $0.2 million. The company reaffirmed its full-year 2026 guidance, projecting revenue between $370 million and $377 million and adjusted EBITDA of $131 million to $136 million. Notably, Shenandoah raised its capital expenditure forecast to a range of $255 million–$275 million, up from the previous estimate of $220 million–$250 million. This increased investment in capital expenditures suggests an aggressive focus on infrastructure or network expansion, even as top-line revenue growth remains steady. The company also recently announced a 9.1% dividend increase to $0.12 per share.
Tickers: $SHEN
Topics: capital expenditure dividend increase earnings beat guidance revenue miss
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