secwatch.observer — SEC 8-K summary
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Issuer:     SHENANDOAH TELECOMMUNICATIONS CO/VA/ (SHEN)
CIK:        0000354963
Form:       8-K
Filed at:   2023-08-02T23:59:59+00:00
Accession:  0001171843-23-004867
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Shentel Q2 net income $1.8M vs loss; revenue +8.1%, Broadband EBITDA +18.4%
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- Consolidated net income $1.8M ($0.04 EPS) vs net loss $3.2M ($0.06 loss) in Q2 2022.
- Revenue $71.3M (+8.1% YoY); Broadband revenue $66.7M (+8.6%), Glo Fiber revenue $8.2M (+101.3%).
- Glo Fiber added ~4,000 subs; passings grew 70,342 to 182,847; penetration rose to 18% from 15%.
- Adjusted EBITDA $22.5M (+21.1% YoY); Broadband Adj. EBITDA $26.1M (+18.4%); margin 39% vs 36%.
- Capex $136.2M YTD for Glo Fiber build; expects to draw remaining $175M delayed term loans by year-end.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/354963/000117184323004867/0001171843-23-004867-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/354963/000117184323004867/f8k_080123.htm
  HTML page:      https://secwatch.observer/filing/0001171843-23-004867

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer