Shenandoah Telecommunications reports Q3 2026 results, lifts capex outlook and targets lower leverage
Shenandoah Telecommunications posted third‑quarter 2026 revenue of $93.9 million, a 4.6% year‑over‑year increase, and a GAAP loss per share of $0.19. Adjusted EBITDA rose 11.8% to $33.2 million and fiber services now represent 52% of total revenue, growing 19.5% YoY. The company raised its 2026 capital‑expenditure guidance to $255 million‑$275 million, set a net‑leverage target of 5.7‑5.8x EBITDA by year‑end, and said it expects positive free cash flow starting in 2027.
Why it matters
The higher capex range and leverage target indicate the firm will invest heavily in fiber expansion while aiming to reduce debt, which could affect cash‑flow generation and valuation metrics for investors (the company expects positive free cash flow in 2027, per the earnings call).
Key facts
- 1Revenue was $93.9 million, up 4.6% YoY. seekingalpha.com
- 2GAAP diluted loss per share was $0.19. seekingalpha.com
- 3Adjusted EBITDA increased 11.8% to $33.2 million. investing.com
- 4Fiber revenue accounted for 52% of total revenue. investing.com
- 5Fiber revenue grew 19.5% YoY. investing.com
- 6Capex outlook for 2026 was raised to $255 million‑$275 million. seekingalpha.com
Summary written by AlphAI AI Desk from 9 of 9 sources. Not investment advice. Figures are as stated by the linked sources.