Shenandoah Telecommunications Company filed its Form 10-Q for the quarterly period ended September 30, 2026, with the SEC on October 28, 2026, reporting a net loss of $9.180 million for the third quarter and $32.630 million for the nine months year-to-date.

Key Highlights

  • Q3 2026 service revenue: $93.934 million, up from $89.796 million in Q3 2025, according to the filing.
  • Nine-month net loss: $32.630 million for the nine months ended September 30, 2026, compared to a net loss of $27.570 million for the same period in 2025.
  • Net loss per share (Q3 2026): $(0.19) basic and diluted, versus $(0.20) in Q3 2025, on weighted average shares outstanding of 55,814 thousand.
  • Long-term debt: $747.091 million at September 30, 2026, up from $628.237 million at December 31, 2025.
  • Total assets: $2.009 billion at September 30, 2026, compared to $1.911 billion at December 31, 2025.
  • Interest expense: $29.628 million for the nine months ended September 30, 2026, nearly double the $17.684 million recorded in the same period of 2025.
  • Shares outstanding: 55,365,651 as of October 22, 2026, per the cover page of the filing.

Shenandoah Telecom Reports Higher Revenue but Widening Losses Amid Rising Interest Costs in Q3 2026

Shenandoah Telecommunications Company (NASDAQ:SHEN), headquartered in Edinburg, Virginia, reported service revenue and other of $93.934 million for the three months ended September 30, 2026, an increase from $89.796 million in the comparable prior-year quarter, according to the quarterly filing. For the nine months ended September 30, 2026, service revenue totaled $279.549 million, up from $266.262 million in the same period of 2025. Despite the revenue growth, the company reported an operating loss of $1.977 million in Q3 2026, an improvement from the operating loss of $7.164 million in Q3 2025.

Interest expense weighed significantly on results, the filing disclosed. For the third quarter of 2026, interest expense was $10.497 million, compared to $6.789 million in Q3 2025. For the nine-month period, interest expense totaled $29.628 million versus $17.684 million a year earlier. The company attributed a net loss before income taxes of $12.228 million for Q3 2026, with an income tax benefit of $3.048 million partially offsetting that figure, resulting in a net loss of $9.180 million for the quarter.

On the balance sheet, the company reported total assets of $2.009 billion at September 30, 2026, up from $1.911 billion at December 31, 2025, driven in part by growth in property, plant and equipment, net, which rose to $1.711 billion from $1.602 billion. Long-term debt, net of unamortized loan fees, increased to $747.091 million from $628.237 million over the same period. Total shareholders' equity stood at $850.653 million at September 30, 2026, compared to $880.783 million at December 31, 2025. The redeemable noncontrolling interest, reflecting preferred stock dividends paid in kind of $4.815 million for the nine-month period, was valued at $93.321 million at quarter end.

What Was Disclosed

Shenandoah Telecommunications filed its 10-Q for the period ended September 30, 2026, reporting quarterly service revenue of $93.934 million, a net loss of $9.180 million, and long-term debt of $747.091 million, with 55,365,651 shares outstanding as of October 22, 2026.