Shentel Q3 2022: revenue up 7.5% to $66.9M but EPS loss of $0.05; enters $21.1M spectrum sale

SHENANDOAH TELECOMMUNICATIONS CO/VA/

2022-Q3 EPS reported -$0.13 revenue$197,359,000

Revenue grew 7.5% to $66.9M; loss from continuing ops per share of $0.05 vs income $0.13 in Q3 2021.
Glo Fiber data net adds ~4,000 (+90.1% YoY); total passings grew 16.4% sequentially to ~131,000.
Agreed to sell certain spectrum licenses for ~$21.1M ($17.3M cash + $3.8M liabilities assumed); Beam ops to cease.
Broadband Adjusted EBITDA flat at $22.2M; Tower Adjusted EBITDA grew 15.1% to $3.0M.
Cash & equivalents $33M; total liquidity $408M; capex $132.4M for 9 months, up from $118.8M.

item 2.02 item 9.01

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SHENANDOAH TELECOMMUNICATIONS CO/VA/ reported financial results for the three and nine months ended September 30, 2022.

Period: the three and nine months ended September 30, 2022
Result: reported results

Exact text from the filing

On November 2, 2022, Shenandoah Telecommunications Company (the “Company”) issued a press release announcing its financial position as of September 30, 2022, results of operations for the three and nine months ended September 30, 2022, and other related information.

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13 earnings releases filed in the last 30 days. Browse all earnings releases →

SHENANDOAH TELECOMMUNICATIONS CO/VA/ filing history →

Source: SEC EDGAR

accession 0001171843-22-006982

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