Shenandoah Telecommunications (NASDAQ:SHEN) Announces Quarterly Earnings Results

Shenandoah Telecommunications (NASDAQ:SHEN) announced its quarterly earnings results on Thursday. The utilities provider reported ($0.10) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.10, FiscalAI reports. The business had revenue of $91.59 million during the quarter, compared to analysts’ expectations of $90.03 million. Shenandoah Telecommunications had a negative net margin of 10.04% and a negative return on equity of 3.99%.

Here are the key takeaways from Shenandoah Telecommunications’ conference call:

• Shentel significantly expanded its fiber footprint in 2025, passing about 427,000 homes and businesses (up 81,000) and growing Glo Fiber data RGUs 35% to 88,000, with fiber-based lines surpassing incumbent broadband revenue in Q4.
• The company completed a refinancing into an ABS-backed structure, lowering its weighted average interest rate to ~5.75% (down ~172 bps) and reducing cash interest by roughly $11 million annually, while extending maturities to 2030.
• Management guided 2026 revenues of $370M–$377M and adjusted EBITDA of $131M–$136M and reiterated a plan to reach positive free cash flow in 2027, driven by lower capital intensity and continued fiber EBITDA growth.
• Shentel paused investments in certain Ohio markets because aerial make‑ready costs rose 2–3x, reducing targeted passings where returns would fall below its ~15% hurdle, which trims near‑term expansion opportunity.
• The company announced a workforce reduction of ~10%, expecting ~$3.1 million of restructuring charges and about $12.3 million of annual savings beginning in 2027 as staffing is aligned with the end of major construction.

Shenandoah Telecommunications Stock Down 2.4%

Shares of Shenandoah Telecommunications stock traded down $0.33 during trading hours on Friday, reaching $13.63. 368,481 shares of the company were exchanged, compared to its average volume of 286,924. The firm has a market cap of $748.29 million, a PE ratio of -20.04 and a beta of 0.84. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.50 and a current ratio of 0.50. Shenandoah Telecommunications has a 1 year low of $9.66 and a 1 year high of $15.84. The stock’s fifty day moving average is $12.03 and its 200 day moving average is $12.27.

Institutional Investors Weigh In On Shenandoah Telecommunications

Hedge funds have recently bought and sold shares of the stock. Millennium Management LLC grew its position in shares of Shenandoah Telecommunications by 1,116.6% during the fourth quarter. Millennium Management LLC now owns 1,087,246 shares of the utilities provider’s stock worth $12,569,000 after buying an additional 997,882 shares in the last quarter. Invesco Ltd. lifted its stake in Shenandoah Telecommunications by 103.7% in the second quarter. Invesco Ltd. now owns 447,553 shares of the utilities provider’s stock worth $6,114,000 after acquiring an additional 227,789 shares during the last quarter. Bridgeway Capital Management LLC grew its holdings in Shenandoah Telecommunications by 187.2% during the 3rd quarter. Bridgeway Capital Management LLC now owns 330,890 shares of the utilities provider’s stock worth $4,441,000 after acquiring an additional 215,668 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Shenandoah Telecommunications by 27.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 532,984 shares of the utilities provider’s stock valued at $6,700,000 after purchasing an additional 116,040 shares during the last quarter. Finally, HRT Financial LP increased its position in shares of Shenandoah Telecommunications by 214.2% in the 4th quarter. HRT Financial LP now owns 166,189 shares of the utilities provider’s stock valued at $1,921,000 after purchasing an additional 113,296 shares during the last quarter. Institutional investors and hedge funds own 61.96% of the company’s stock.

Shenandoah Telecommunications News Roundup

Here are the key news stories impacting Shenandoah Telecommunications this week:

• Positive Sentiment: Q4 beats: SHEN posted EPS of -$0.10 (vs. consensus -$0.20) and revenue of $91.59M (vs. $90.03M), showing revenue growth and an earnings beat for the quarter. Shenandoah Telecommunications (SHEN) Reports Q4 Loss, Tops Revenue Estimates
• Positive Sentiment: Company signal on liquidity: Management set FY2026 revenue guidance at $370.0M–$377.0M and reiterated that the fiber expansion wind‑down should position the company to reach positive free cash flow in 2027 — a multi‑year inflection investors have been watching. Shenandoah Telecommunications signals 2027 positive free cash flow with $370M–$377M 2026 revenue target amid fiber expansion wind-down
• Neutral Sentiment: Guidance largely in line: The $370M–$377M revenue range is close to consensus (~$373.9M), so guidance is neither a material upside nor a major miss — the market is focused more on margin/FCF timing than top‑line. Shenandoah Telecommunications Company Reports Fourth Quarter and Full Year 2025 Results
• Neutral Sentiment: Earnings call detail/transcript available: Management discussed the fiber build wind‑down, margin pressure and the cash‑flow roadmap — useful for evaluating execution risk. Shenandoah Telecommunications Company (SHEN) Q4 2025 Earnings Call Transcript
• Negative Sentiment: Profitability and cash concerns remain: SHEN still reports negative net margin and a negative return on equity; analysts expect FY2026 EPS to remain negative (consensus ~ -$0.49), so investors may be selling until clearer FCF/margin improvement shows up. Listen to Conference Call / Press Release
• Negative Sentiment: Limited near‑term upside in guidance: No material acceleration in revenue guidance or explicit short‑term EPS upside was given, so the beat was largely expected and didn’t remove execution/valuation risk. Shenandoah Telecommunications Co (SHEN) Q4 2025 Earnings Call Highlights

Analyst Upgrades and Downgrades

SHEN has been the subject of several research reports. Weiss Ratings reiterated a “sell (d)” rating on shares of Shenandoah Telecommunications in a report on Thursday, January 22nd. BWS Financial restated a “buy” rating and set a $26.00 price target on shares of Shenandoah Telecommunications in a research report on Friday, October 31st. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, Shenandoah Telecommunications presently has an average rating of “Hold” and an average target price of $26.00.

Shenandoah Telecommunications Company Profile

Shenandoah Telecommunications Company operates as a diversified communications provider offering both wireless and wireline services across rural markets in the Mid-Atlantic region. Headquartered in Edinburg, Virginia, the company designs, builds and maintains network infrastructure to deliver mobile connectivity, high-speed broadband access and related telecommunications solutions to residential, business and wholesale customers.

In its wireless segment, the company owns and operates a portfolio of cellular towers and associated spectrum under a long-term partnership with a national carrier.