Highest-materiality recent filing
Shentel Q2 net loss narrows to $7.7M; Glo Fiber revenue up 33%, adds record 6,200 subs
Total revenue $93.5M (+5.5% YoY); net loss $7.7M vs $9.0M in Q2 2025.
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.
Shentel closes $309.9M tower sale to Vertical Bridge, files pro forma results
Sale of tower portfolio to Vertical Bridge for $309.9M cash closed March 29, 2024.
Shentel completes Horizon acquisition for $305M cash + 4.1M shares; issues $81M preferred to ECP
Completed acquisition of Horizon Telcom, a commercial fiber provider in Ohio and adjacent states, effective April 1, 2024.
Shentel completes initial tower sale for $309.9M; funds Horizon Telcom and fiber growth
Initial closing conveyed ~98% of tower portfolio; remaining closings expected by March 2025.
Shentel sells tower portfolio to Vertical Bridge for $310.3M in cash
Transaction includes 226 tower sites (218 macro towers, 8 small cells).
Shentel reports 2023 net income $8.0M, rev $287.4M (+7.5%); Glo Fiber customers +71.7%
Consolidated net income $8.0M vs net loss $8.4M in 2022; revenue $287.4M (+7.5%).
Shentel Q3 revenue $71.8M (+7.3% YoY); net income $1.6M vs loss; Glo Fiber adds 4,500 subs
Consolidated revenue grew 7.3% to $71.8M; net income $1.6M ($0.03 EPS) vs net loss of $2.7M.
Shentel acquires Horizon for $305M cash plus stock; ECP invests $81M in preferred
Total cash consideration of $305M to Sellers plus ~4.08M shares to GCM Grosvenor; up to $65M additional for capex.
Shentel to acquire Horizon Telcom for $385M in cash and stock
Acquires 100% of Horizon for $385M: $305M cash + $80M common stock (4.08M shares to GCM Grosvenor).
Shentel Q2 net income $1.8M vs loss; revenue +8.1%, Broadband EBITDA +18.4%
Consolidated net income $1.8M ($0.04 EPS) vs net loss $3.2M ($0.06 loss) in Q2 2022.
Shentel Q1 revenue up 11.3% to $71.7M, net income $2.1M vs loss YoY; Glo Fiber adds surge
Revenue $71.7M (+11.3% YoY); net income $2.1M vs net loss $0.6M in Q1 2022; EPS $0.04 vs ($0.01).
Shentel FY2022 revenue +9% to $267.4M, net loss $8.4M; Glo Fiber customers double
Full-year revenue $267.4M (+9.0% YoY); net loss $8.4M vs net income $7.9M in 2021.
Shentel Q3 2022: revenue up 7.5% to $66.9M but EPS loss of $0.05; enters $21.1M spectrum sale
Revenue grew 7.5% to $66.9M; loss from continuing ops per share of $0.05 vs income $0.13 in Q3 2021.
Shentel Q2 revenue up 8.8% to $66M; net loss $3.2M on Beam impairment
Net loss from continuing ops $3.2M vs income $1.6M YoY; adjusted EBITDA up 16.4% to $18.6M.
Shentel reports Q1 revenue up 7.9% to $64.4M, but EPS turns to $(0.01) loss
Revenue $64.4M (+7.9% YoY); loss from continuing ops of $(0.01)/share vs income $0.06 in Q1 2021.
Shentel reports 2021 revenue up 11.1% to $245.2M; broadband data RGUs +15.9%
Full-year net income from continuing ops $7.9M vs $1.6M; diluted EPS $0.16 vs $0.03.
Shentel Q3 revenue up 12.8% to $62.2M, Adjusted OIBDA up 31.7%; raises Glo Fiber target to 450k
EPS from continuing ops $0.13 vs $0.03 YoY; revenue $62.2M, Broadband segment +14.2% to $57.9M.
On June 4, 2026, James F. DiMola, a member of the Board of Directors (the “Board”) of Shenandoah Telecommunications Company (the “Company”), informed the Company of his decision to resign from the Board, effective as of June 8, 2026.
Effective June 8, 2026, pursuant to the Investor Rights Agreement as described above, the Board elected Matthew D. Rinklin to fill the Investor Director vacancy created by Mr. DiMola’s resignation.
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
On February 22, 2022, the board of directors (the “Board”) of Shenandoah Telecommunications Company (the “Company”), elected Victor C. Barnes as a director with a term expiring at the Company’s annual meeting of shareholders in 2022.
On January 25, 2022, Dale Lam, a member of the Board of Directors (the “Board”) of Shenandoah Telecommunications Company (the “Company”), informed the Company of his decision not to stand for re-election to the Board at the Company’s 2022 Annual Meeting of Shareholders to be held on April 19, 2022.
On August 19, 2021, Dennis A. Romps was appointed principal accounting officer of Shenandoah Telecommunications Company (the “Company”).
On July 30, 2021, Shenandoah Telecommunications Company (“Shentel” or the “Company”) announced that William L. Pirtle’s departure from the Company has been delayed until December 31, 2021.
Max materiality 0.90 · Median 0.65 · Most common event earnings