Q1 2026 Shenandoah Telecommunications Co Earnings Call Transcript

May 1, 2026 / 12:30 PM GMT

Release Date Price: $16.29 (+3.56%)

Transcript 10-Q8-K

Key Points

Positve

Shenandoah Telecommunications Co (SHEN) reported a 4.8% increase in consolidated revenues and a 15% rise in adjusted EBITDA year-over-year.
The company added approximately 6,000 Glow Fiber net customers in the first quarter, marking a 9% improvement over the prior-year period.
Commercial fiber business showed strong performance with $196,000 in sales bookings and a 4.7% revenue growth year-over-year.
The company has successfully expanded its Glow Fiber markets, reaching 449,000 passings, with plans to complete 510,000 passings by the end of 2026.
Shenandoah Telecommunications Co (SHEN) maintains a low average monthly churn rate of 0.92%, which is among the best in the industry.

Negative

Incumbent broadband markets revenue declined by $2.2 million, primarily due to a 14.6% decline in video RGUs as customers switched to streaming services.
The company experienced a slight uptick in churn in its most rural markets due to promotional activity from satellite competition, specifically Starlink.
Broadband data ARPU declined by 1.6% from a year ago to $82, driven by aggressive pricing in competitive markets.
RLEC revenues decreased by $800,000, mainly due to a 28% decline in DSL RGUs and lower government grant support revenues.
The company faces competitive pressure in its incumbent markets, leading to a slight decline in ARPU and increased churn.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

SHEN.OQ - Shenandoah Telecommunications Co
Q1 2026 Shenandoah Telecommunications Co Earnings Call
May 01, 2026 / 12:30PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning, everyone. Welcome to Shenandoah Telecommunications' First Quarter 2026 Earnings Conference Call. Today's conference is being recorded. At this time, I would like to turn the conference over to Mr. Lucas Binder, VP of Corporate Finance for Chantelle.

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Unidentified_2 [2]
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Good morning, and thank you for joining us. The purpose of today's call is to review Chantelle's results for the first quarter 2026.

Our results were announced in a press release distributed this morning.

In addition, we filed our

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