Highest-materiality recent filing
Shentel Q1 net loss widens to $15.8M; Glo Fiber revenue +34.6% YoY; confirms guidance
Revenue $92.2M (+4.8% YoY); net loss $15.8M vs $9.1M prior year; adjusted EBITDA $31.7M (+15%).
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.
Shentel closes $567.4M fiber securitization, refinances credit facilities
Issued $567.4M in secured fiber network revenue term notes: $489.1M Class A-2 at 5.64% and $78.3M Class B at 6.03%.
Shentel prices $567.4M inaugural fiber network securitization with 5.69% weighted avg coupon
$489.1M Class A-2 notes at 5.64% and $78.3M Class B notes at 6.03%, both due Dec 2030.
Shentel Q3 net loss widens to $9.4M, revenue up 2.5%, Glo Fiber +41%
Net loss from continuing ops $9.4M vs $5.3M in Q3 2024.
Shentel Q2 2025: Revenue up 3.2% to $88.6M, net loss narrows to $9.0M, Glo Fiber subs up 43%
Net loss from continuing operations $9.0M, improved from $12.8M loss in Q2 2024.
Shentel Q1 revenue up 27% to $87.9M; Adjusted EBITDA up 43% to $27.6M
Revenue rose 26.9% YoY to $87.9M, driven by $15.2M from acquired Horizon markets and 52% Glo Fiber revenue growth.
Shentel extends $300M credit facility maturities to July 2027; leverage covenant eased to 4.75x
Maturity date of $150M revolver and $150M Term Loan A-1 extended from July 2026 to July 2027.
Shentel posts Q4 2024 loss of $6.2M as revenue climbs to $85.4M; Glo Fiber customers up 56%
Full year 2024 revenue $328.1M (+21.9% YoY); net loss from continuing ops $28.4M vs income $1.0M in 2023.
Shentel Q3 revenue up 30% to $87.6M; net loss widens to $5.3M; Glo Fiber adds 6k subs
Revenue grew $20.2M YoY to $87.6M, driven by Horizon acquisition ($16.9M) and Glo Fiber expansion.
Shenandoah Telecom CAO Dennis Romps to resign Sept 6; CFO Volk to take over accounting role
VP and CAO Dennis Romps notified company of resignation on August 19, 2024.
Shentel Q2 revenue up 28.7% to $85.8M; net loss widens to $12.8M on Horizon acquisition costs
Revenue $85.8M, up 28.7% YoY; Horizon contributed $16.7M in revenue.
Shentel files Horizon acquisition financials: $23.8M loss on $66.7M revenue in 2023
Horizon net loss $23.8M in 2023 vs $12.0M loss in 2022; revenue $66.7M (+3% YoY).
Shentel Q1 net loss from continuing ops $4.1M; closes Tower sale, Horizon acquisition
Revenue grew 3.1% to $69.2M; net loss from continuing ops $4.1M vs income $0.7M YoY.
On April 22, 2025, Tracy L. Willis was appointed principal accounting officer of Shenandoah Telecommunications Company (the “Company”).
On August 19, 2024, Dennis Romps, Vice President and Chief Accounting Officer of Shenandoah Telecommunications Company (the “Company”), notified the Company of his intention to resign from the Company, effective September 6, 2024.
Effective upon his departure, James Volk, the Company’s Senior Vice President and Chief Financial Officer, will serve as the Company’s principal accounting officer and will continue to serve as the Company’s principal financial officer.
On July 30, 2024, the Board of Directors (the “Board”) of Shenandoah Telecommunications Company (the “Company”) increased the size of the Board from 10 to 11 and appointed Michael A. Rhymes to serve as a Class 2 Director, effective immediately.
the Board increased the size of the Board from 8 to 10 and appointed (i) James F. DiMola to serve as a Class 3 Director for a term expiring at the Company’s 2025 Annual Meeting of Shareholders
and (ii) Matthew S. DeNichilo to serve as a Class 1 Director for a term expiring at the 2025 Annual Meeting
Max materiality 0.85 · Median 0.65 · Most common event earnings