Shenandoah Telecommunications Reports Q3 2026 Growth Driven by Fiber Expansion
Shenandoah Telecommunications (SHEN) reported third-quarter 2026 results characterized by strong growth in its fiber services segment. Total revenue rose 4.6% year-over-year to $93.9 million, while adjusted EBITDA increased 11.8% to $33.2 million, benefiting from operating leverage as the company expands its Glo Fiber footprint. The Glo Fiber division reached a significant milestone with over 500,000 passings and recorded 8,600 net data customer additions. While fiber revenue now accounts for 52% of total consolidated revenues, the company faced headwinds in its incumbent broadband markets, where revenue declined 6.8% due to lower video revenue and ARPU compression caused by inflation and competition. Management raised its full-year 2026 capital expenditure guidance to a range of $255 million to $275 million, citing additional passings and the timing of government grant receipts. Despite these increased costs, the company reiterated its annual revenue and adjusted EBITDA guidance for the year.
Tickers: $SHEN
Topics: EBITDA Fiber Expansion Revenue Growth Subscriber Growth