Shenandoah Telecommunications ( (SHEN) ) has released its Q4 earnings. Here is a breakdown of the information Shenandoah Telecommunications presented to its investors.
Shenandoah Telecommunications Company (Shentel) is a provider of broadband services, offering high-speed internet, video, voice, and managed network services through its extensive fiber optic and cable networks across eight states in the eastern United States. Known for its advanced infrastructure, Shentel operates over 16,800 route miles of fiber.
In the fourth quarter and full year of 2024, Shentel reported significant growth in its Glo Fiber Expansion Markets and completed the integration of Horizon Telcom, an acquisition that extended its market presence into Ohio. This strategic move contributed to a substantial increase in revenue, particularly from the newly acquired Horizon markets.
Key financial metrics revealed a 21.9% increase in annual revenue, reaching $328.1 million, driven by $47.7 million from Horizon markets. Despite a loss from continuing operations amounting to $28.4 million, primarily due to higher depreciation, amortization, and interest expenses, Adjusted EBITDA rose by 19.7% to $94.6 million. Glo Fiber Expansion Markets experienced a 56% growth in customer base and a 65% increase in revenue.
Shentel’s commitment to expansion is evident with the addition of approximately 97,000 new Glo Fiber passings and 21,000 net new customers. The company’s financial health is supported by $46.3 million in cash and substantial liquidity, ensuring continued investment in network growth and infrastructure.
Looking forward, Shentel’s management anticipates returning to historical growth rates, driven by continued expansion and integration efforts. The company remains focused on leveraging its advanced network capabilities to enhance service delivery and market reach, aiming for sustained long-term growth.