Overview

* Shentel Q2 revenue up 3.2% yr/yr, but missed analyst expectations

* Adjusted EBITDA grows 21.9%, driven by Horizon synergies

* Co completes acquisition of fiber-to-the-home assets in Virginia

Outlook

* Shentel expects 2025 revenue between $352 mln and $357 mln

* Company forecasts 2025 adjusted EBITDA of $113 mln to $118 mln

* Shentel projects 2025 capital expenditures at $260 mln to $290 mln

* Company says guidance excludes potential tariff impacts

Result Drivers

* GLO FIBER GROWTH - Glo Fiber Expansion Markets revenue grew 40.5% yr/yr, driven by 43.1% increase in data subscribers

* HORIZON SYNERGIES - Realization of Horizon Telcom acquisition synergies contributed to adjusted EBITDA growth

* REVENUE OFFSET - Revenue growth partially offset by declines in Incumbent Broadband Markets and Commercial Fiber

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Miss $88.60 $90.50

Revenue mln mln (2

Analysts

)

Q2 EPS -$0.19

Q2 Net -$9.05

Income mln

Q2 $97.68

Operatin mln

g

Expenses

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the integrated telecommunications services peer group is "buy"

* Wall Street's median 12-month price target for Shenandoah Telecommunications Co ( SHEN ) is $26.00, about 43.1% above its July 30 closing price of $14.80

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)