Revenue Growth - In 2024, Shenandoah Telecommunications Company (Shentel) reported a revenue increase of $58.9 million, or 21.9%, reaching $328.1 million, primarily driven by $47.7 million from newly acquired Horizon markets[6]. - Glo Fiber Expansion Markets saw a 56% year-over-year growth in data customers, totaling over 65,000, and a 48% increase in passings, reaching approximately 346,000[5]. - Glo Fiber Expansion Markets revenue grew by $22.8 million, or 65%, to $57.9 million[5]. - The fourth quarter of 2024 saw a revenue increase of $17.5 million, or 25.8%, to $85.4 million, with $14.1 million coming from Horizon markets[13]. - Service revenue increased to $85,412 thousand in Q4 2024, up 25.7% from $67,913 thousand in Q4 2023[15]. - Glo Fiber Expansion Markets revenue rose to $16,596 thousand in Q4 2024, a 56.5% increase from $10,611 thousand in Q4 2023[15]. - Total Residential & SMB Revenue for the year ended December 31, 2024, was $235,392,000, up from $211,982,000 in 2023, reflecting an increase of 11.1%[30]. Financial Performance - Adjusted EBITDA for 2024 increased to $94.6 million, representing a $15.6 million, or 19.7%, increase compared to 2023, with former Horizon markets contributing $10.7 million[8]. - Adjusted EBITDA for Q4 2024 was $25,488,000, compared to $19,900,000 in Q4 2023, representing a 28.0% increase[26]. - Adjusted EBITDA margin improved to 30% in Q4 2024 from 29% in Q4 2023, indicating enhanced operational efficiency[26]. - The company reported a loss from continuing operations of $28.4 million in 2024, compared to income of $1.0 million in 2023, primarily due to higher depreciation and interest expenses[8]. - The company reported a net cash provided by operating activities of $62,567 thousand in 2024, down from $113,774 thousand in 2023[21]. - The company reported a loss from continuing operations of $(6,190,000) in Q4 2024, compared to income of $1,857,000 in Q4 2023[26]. - Net loss attributable to common shareholders was $4,535 thousand in Q4 2024, compared to net income of $2,589 thousand in Q4 2023[16]. Capital Expenditures and Investments - Capital expenditures for 2024 totaled $319.1 million, up from $255.1 million in 2023, driven by expansion in Glo Fiber and Horizon markets[13]. - Capital expenditures for 2024 were $319,070 thousand, compared to $255,070 thousand in 2023, indicating a 25.1% increase[20]. Assets and Liquidity - As of December 31, 2024, Shentel had total available liquidity of approximately $399.9 million, including cash and cash equivalents of $46.3 million[13]. - Total assets increased to $1,740,273 thousand as of December 31, 2024, up from $1,214,229 thousand in 2023, representing a 43.2% growth[17]. - Cash and cash equivalents decreased to $46,272 thousand at the end of 2024, down from $139,255 thousand in 2023, a decline of 66.7%[17]. Customer and Market Expansion - The number of homes and businesses passed increased to 585,340 in December 2024, up from 449,635 in December 2023, a growth of 30.1%[27]. - Broadband Data RGUs rose to 176,465 in December 2024, compared to 151,389 in December 2023, marking a 16.6% increase[27]. - Average Revenue Per User (ARPU) for Broadband Data was $83.52 in Q4 2024, slightly up from $81.98 in Q4 2023, an increase of 1.9%[30]. - The total number of fiber route miles expanded to 16,830 in December 2024, compared to 9,875 in December 2023, a growth of 70.5%[27]. - The company plans to continue expanding its Glo Fiber service in new markets, focusing on increasing FTTH passings[15]. Operating Expenses - Operating expenses totaled $91,166 thousand in Q4 2024, compared to $67,350 thousand in Q4 2023, reflecting a 35.4% increase[15]. - The company experienced a 36% increase in cost of services, amounting to approximately $27.3 million, largely due to costs incurred in the newly acquired Horizon markets[6]. - The company incurred $27,750,000 in depreciation and amortization for Q4 2024, up from $16,331,000 in Q4 2023, reflecting a 69.5% increase[26]. Market Penetration - Residential & SMB penetration for Broadband Data decreased to 30.1% in December 2024 from 33.7% in December 2023[27].

Core Insights - Shenandoah Telecommunications Company ("Shentel") reported significant growth in 2024, driven by the acquisition of Horizon and expansion of its Glo Fiber service, achieving a record year in construction and sales [3][5][6]. Financial Performance - Total revenue for 2024 increased by $58.9 million, or 21.9%, reaching $328.1 million, primarily due to $47.7 million from newly acquired Horizon markets [6]. - Adjusted EBITDA for 2024 rose to $94.6 million, a 19.7% increase compared to 2023, with contributions from former Horizon markets [9][10]. - The company experienced a loss from continuing operations of $28.4 million in 2024, compared to a profit of $1.0 million in 2023, largely due to increased depreciation and interest expenses [9][10]. Glo Fiber Expansion - Glo Fiber Expansion Markets saw a 56% year-over-year growth in data customers, totaling over 65,000, and a 48% increase in passings to approximately 346,000 [5][29]. - Revenue from Glo Fiber Expansion Markets grew by 65%, or $22.8 million, reaching $57.9 million [5]. Cost and Expenses - Cost of services increased by approximately $27.3 million, or 27.0%, primarily due to expenses in the newly acquired Horizon markets [6]. - Selling, general, and administrative expenses rose by $15.9 million, or 16.0%, driven by costs associated with the Horizon acquisition and Glo Fiber expansion [6]. Capital Expenditures and Liquidity - Capital expenditures for 2024 totaled $319.1 million, up from $255.1 million in 2023, reflecting investments in Horizon markets and Glo Fiber expansion [15]. - As of December 31, 2024, Shentel had cash and cash equivalents of $46.3 million and total available liquidity of approximately $399.9 million [15]. Market Statistics - Total homes passed grew to approximately 585,000, with Glo Fiber Expansion Markets accounting for 346,000 of these [9][29]. - The company reported a 50.9% increase in broadband data subscribers in Glo Fiber Expansion Markets [6].

Core Viewpoint - Shenandoah Telecommunications Company (Shentel) is expanding its high-speed, gigabit internet service to rural areas in Shenandoah County, supported by a $47 million construction project funded by the Virginia Telecommunication Initiative (VATI) and local contributions [1][2][3]. Group 1: Company Initiatives - Shentel has extended high-speed internet service to approximately 5,000 additional homes and plans to add over 2,000 more by the end of the year [1]. - The construction project aims to enhance broadband infrastructure in rural areas lacking access to high-speed internet, contributing to community competitiveness [1][2]. - Shentel's commitment to expanding broadband accessibility has been consistent since its founding in 1902, significantly impacting the community's future [2]. Group 2: Community Impact - The partnership between Shenandoah County and Shentel, supported by the VATI grant, has improved access to essential resources, education, economic growth, and healthcare for residents [2]. - The initiative addresses the challenges of building rural broadband due to higher costs associated with lower population density and extensive distances between homes [3]. - The project is expected to create a more connected rural landscape, enhancing the quality of life for residents [2]. Group 3: Company Profile - Shentel provides broadband services through high-speed fiber optic and cable networks across eight states in the eastern United States [4]. - The company offers a range of services, including broadband internet, video, voice, high-speed Ethernet, dark fiber leasing, and managed network services [4]. - Shentel operates an extensive regional network with over 16,300 route miles of fiber [4].

Core Points - Shenandoah Telecommunications Company (Shentel) will release its fourth quarter and full year 2024 financial results on February 20, 2025, before the market opens [1] - A conference call and webcast will be held on the same day at 8:30 AM Eastern Time to discuss the financial results and business highlights [1] - A replay of the call will be available for a limited time on the Investor Relations page of the Company's website [2] Company Overview - Shenandoah Telecommunications Company provides broadband services through high-speed fiber optic and cable networks to residential and commercial customers in eight contiguous states in the eastern United States [3] - The Company's services include broadband internet, video, voice, high-speed Ethernet, dark fiber leasing, and managed network services [3] - The Company owns an extensive regional network with over 16,300 route miles of fiber [3]

Group 1: Company Overview - Glo Fiber, powered by Shenandoah Telecommunications Company (Shentel), provides next-generation fiber-to-the-home (FTTH) multi-gigabit broadband internet access, live streaming TV, and digital phone service [5] - The company currently serves approximately 320,000 homes and businesses across multiple states, including Virginia, West Virginia, Maryland, Pennsylvania, Ohio, and Delaware [5][6] - Shentel operates an extensive regional network with over 16,300 route miles of fiber, offering a range of services including broadband internet, video, voice, high-speed Ethernet, dark fiber leasing, and managed network services [6] Group 2: Service Offerings - Glo Fiber offers ultra-fast, symmetrical upload and download speeds of up to 5 gigabits per second (Gbps) through its fiber-to-the-home technology [3][7] - The company emphasizes high speeds, low latency, and unparalleled internet reliability, supported by its state-of-the-art XGS-PON 10 Gbps networks [5][7] - Glo Fiber provides straightforward pricing with no long-term contracts, enhancing customer satisfaction through prompt and friendly local customer service [7] Group 3: Expansion and Community Engagement - Glo Fiber has opened a new retail store in Suffolk, Virginia, with plans to expand service to over 8,000 additional locations by the end of the year [1][2] - The company has already made its services available to over 17,000 homes and businesses in Suffolk, contributing to local economic growth [2] - Glo Fiber is committed to fostering economic development in the communities it serves, as highlighted by its partnership with the City of Suffolk [2]

Expansion will bring internet speeds up to 5 Gbps to the county seat of Clarke County EDINBURG, Va., Feb. 11, 2025 /PRNewswire/ -- Glo Fiber, powered by Shenandoah Telecommunications Company ("Shentel") (Nasdaq: SHEN), announced they have reached an agreement to deploy next generation fiber-to-the-home (FTTH) broadband services to Berryville, Virginia. Glo Fiber will bring a future-proof, 100% fiber network to approximately 1,800 homes and businesses in the area. Construction is slated to begin the summer o ...

Core Viewpoint - Glo Fiber, a subsidiary of Shenandoah Telecommunications Company, is expanding its fiber optic broadband service in Lancaster, Ohio, aiming to provide high-speed internet to an additional 10,000 homes and businesses by the second half of 2025 [1][4]. Company Overview - Glo Fiber offers multi-gigabit broadband internet access with symmetrical upload and download speeds of up to 5 Gbps, utilizing fiber-to-the-home technology and a 16,000-mile regional fiber network [3][5]. - The company currently serves approximately 320,000 homes and businesses across several states, including Ohio, Pennsylvania, Virginia, West Virginia, Maryland, and Delaware [5][6]. Service Expansion - Construction for the new service in Lancaster began in the summer of 2024, with over 4,000 homes and businesses already connected [1][4]. - Residents will receive notifications about service availability and can sign up online [1]. Customer Service and Technology - Glo Fiber is recognized for its superior local customer service and offers additional services such as phone, video, and Whole Home Wi-Fi [3][7]. - The company emphasizes easy pricing structures with no long-term contracts, enhancing customer satisfaction [7].

Michael (Mike) Dion is an FP&A, Corporate Finance, and Small Business expert who spent the last 12 years working in the Fortune 100, building a startup's finance and accounting department, advising small businesses, and guiding non-profit organizations as a board member. He has finance experience across multiple industries, including Telecom, Media and Entertainment, Hospitality, and Construction. He founded F9 Finance, a website that helps Finance professionals accelerate their careers; and simplifies Fina ...

Shenandoah Telecommunications (SHEN) came out with a quarterly loss of $0.13 per share versus the Zacks Consensus Estimate of a loss of $0.07. This compares to earnings of $0.03 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -85.71%. A quarter ago, it was expected that this telecommunications service provider in parts of Maryland, Pennsylvania, Virginia and West Virginia would post earnings of $0.02 per share when it actually ...

EDINBURG, Va., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Shenandoah Telecommunications Company (“Shentel” or the “Company”) (Nasdaq: SHEN) announced third quarter 2024 financial and operating results. Third Quarter 2024 Highlights Glo Fiber Expansion Markets1 experienced growth in a number of key metrics: Added approximately 6,000 subscribers in the third quarter of 2024, ending the quarter with over 59,000 subscribers.Passings grew approximately 22,000 to a total of approximately 320,000.Revenue grew $5.8 million ...