secwatch.observer — SEC 8-K summary ====================================== Issuer: SHENANDOAH TELECOMMUNICATIONS CO/VA/ (SHEN) CIK: 0000354963 Form: 8-K Filed at: 2026-02-26T23:59:59+00:00 Accession: 0001171843-26-001118 Event type: earnings Sentiment: positive Materiality: 0.80 Item codes: 2.02, 9.01 LLM model: deepseek-v4-flash:cloud@v2 Shentel Q4 revenue $91.6M (+7.2%), Adj. EBITDA margin 36.5%; secures $567.4M fiber notes -------------------------------------------------------------------------------- - Q4 net loss from continuing ops $5.4M, improved from $6.2M loss in Q4 2024. - Adjusted EBITDA $33.5M (+31.3%); margin expanded 670 bps to 36.5%. - Full year 2025 revenue $357.9M (+9.1%); Adj. EBITDA $119.1M (+26%). - Closed $567.4M secured fiber revenue notes; annual cash interest savings >$10M. - CEO expects Glo Fiber build fully funded through end 2026; positive free cash flow projected in 2027. Source: EDGAR index: https://www.sec.gov/Archives/edgar/data/354963/000117184326001118/0001171843-26-001118-index.htm Primary doc: https://www.sec.gov/Archives/edgar/data/354963/000117184326001118/f8k_022626.htm HTML page: https://secwatch.observer/filing/0001171843-26-001118 License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer