---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-24-002508"
form_type: "8-K"
ticker: "SHEN"
cik: "0000354963"
company_name: "SHENANDOAH TELECOMMUNICATIONS CO/VA/"
filed_at: "2024-05-03T23:59:59+00:00"
generated_at: "2026-06-02T23:26:31.117029+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Shentel Q1 net loss from continuing ops $4.1M; closes Tower sale, Horizon acquisition

## Summary
- Revenue grew 3.1% to $69.2M; net loss from continuing ops $4.1M vs income $0.7M YoY.
- Adjusted EBITDA $19.3M, consistent with Q1 2023; Glo Fiber added 5,000 subs, passings up 25,700.
- Completed $309.9M tower sale to Vertical Bridge on March 29, 2024; gain drives discontinued ops income $218.8M.
- On April 1, closed $385M Horizon acquisition ($305M cash + 4.1M shares); amended credit facility to $675M.
- Issued $81M of 7% perpetual preferred stock; pro forma debt net of cash ~$190M; liquidity ~$484M.

## SEC filing metadata
- accession: 0001171843-24-002508
- form_type: 8-K
- ticker: SHEN
- cik: 0000354963
- company_name: SHENANDOAH TELECOMMUNICATIONS CO/VA/
- filed_at: 2024-05-03T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/354963/000117184324002508/0001171843-24-002508-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/354963/000117184324002508/f8k_050324.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-24-002508
- JSON: https://secwatch.observer/filing/0001171843-24-002508.json
- Plain text: https://secwatch.observer/filing/0001171843-24-002508.txt

## Key facts
- Earnings Releases
  SHENANDOAH TELECOMMUNICATIONS CO/VA/ reported first quarter 2024 results: net income Net loss from continuing operations was $4.1 million in the first quarter of 2024.
  - Period: first quarter 2024
  - Net income: Net loss from continuing operations was $4.1 million in the first quarter of 2024
  - Result: reported results
  source text: Revenue grew 3.1% to $69.2 million compared to the first quarter of 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/354963/000117184324002508/0001171843-24-002508-index.htm
- Earnings Releases
  SHENANDOAH TELECOMMUNICATIONS CO/VA/ reported first quarter 2024 results: net income Net loss from continuing operations was $4.1 million in the first quarter of 2024.
  - Period: first quarter 2024
  - Net income: Net loss from continuing operations was $4.1 million in the first quarter of 2024
  - Result: reported results
  source text: Net loss from continuing operations was $4.1 million in the first quarter of 2024 compared with net income from continuing operations of $0.7 million in the first quarter of 2023 due primarily to higher interest expense.
  evidence_url: https://www.sec.gov/Archives/edgar/data/354963/000117184324002508/0001171843-24-002508-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.