Shenandoah Telecommunications' Q1 revenue rises on Glo Fiber strength

Overview

• US broadband provider's Q1 revenue rose 4.8% yr/yr, driven by Glo Fiber expansion

• Adjusted EBITDA grew 15% yr/yr, reflecting strong fiber segment momentum

• Net loss widened due to higher operating and restructuring costs from prior workforce reduction

Outlook

• Company reiterates 2026 revenue guidance of $370 mln to $377 mln

• Shentel expects 2026 adjusted EBITDA between $131 mln and $136 mln

Result Drivers

• GLO FIBER EXPANSION - Revenue in Glo Fiber Expansion Markets rose 34.6% yr/yr, driven by a 33.7% increase in data subscribers

• COMMERCIAL FIBER GROWTH - Commercial fiber revenue increased 4.7% yr/yr, supported by additional circuit services sold to existing customers

Company press release: ID:nGNX1fHM2k

Key Details

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the integrated telecommunications services peer group is "buy"

• Wall Street's median 12-month price target for Shenandoah Telecommunications Co is $29.00, about 84.4% above its April 30 closing price of $15.73

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