Q2 2026 Shenandoah Telecommunications Co Earnings Call Transcript
Key Points
- Shenandoah Telecommunications Co (SHEN) achieved a record 6,200 Glo Fiber net additions during the quarter, indicating strong demand for their services.
- Fiber revenue, including Glo Fiber and Commercial Fiber, grew 21.4% year-over-year, reflecting strong momentum in their fiber businesses.
- For the first time, fiber businesses represented 51% of consolidated revenue, surpassing incumbent broadband and ILEC businesses.
- Adjusted EBITDA increased by 12.9% year-over-year to $32 million, demonstrating effective execution of their fiber-first strategy.
- The company has a strategic advantage with its operating footprint close to major data center hubs, enhancing growth opportunities.
- Incumbent broadband markets revenue declined by $2.5 million, primarily due to lower video revenue and a decline in data ARPU.
- RLEC revenue decreased by $1 million, driven by a significant decline in DSL RGUs and lower government grant support revenues.
- Broadband data ARPU declined 2.6% year-over-year, influenced by competitive pricing strategies in markets with wired broadband competition.
- Broadband data monthly churn increased to 1.73% due to seasonal move activity and competition in rural markets with weaker demographics.
- The company faces challenges from satellite competition, particularly in rural markets, although recent pricing strategies have mitigated some impact.
Good morning, everyone. Welcome to Shenandoah Telecommunications second-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, Vice President of Corporate Finance for Shentel. Please go ahead.
Good morning and thank you for joining us. The purpose of today's call is to review Shentel's results for the second quarter of 2026. Our results were announced in a press release distributed this morning. In addition, we filed our Form 10-Q with the SEC.
The presentation we will be reviewing is included on the investor page on our investor.shentel.com website. Please note that an audio replay of this call will be made available later today. The details are set forth in the press release announcing this call.
With us on the call today are Ed McKay, President and Chief Executive Officer; and Jim Volk, Senior Vice President and Chief Financial Officer. After the prepared
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