SHENNasdaqTelephone Communications (No Radiotelephone)US GAAP · USD

Shenandoah Telecommunications Co

Shenandoah Telecommunications Company, or Shentel, provides broadband and telecommunications services through fiber-optic, hybrid fiber coaxial, and copper networks in the eastern United States. Its business includes residential broadband internet, video and voice services, as well as enterprise connectivity products such as Ethernet, wavelength, dark fiber leasing, and managed network services.

Kysy yhtiöstä
Liikevaihto358milj. USD
+9,1 %v/v
Liikevoitto (EBIT)−23,2milj. USD
+18,7 %v/v
EBIT-marginaali−6,5%
+2,2 %-yks.v/v
Nettotulos−32,9milj. USD
−117,0 %v/v
Vapaa kassavirta−258milj. USD
−0,6 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

−1000100200300400milj. USD2020: 221 milj. USD2020: EBIT −2,6 milj. USD20202021: 245 milj. USD2021: EBIT −2,4 milj. USD20212022: 267 milj. USD2022: EBIT −8,0 milj. USD20222023: 287 milj. USD2023: EBIT 0,14 milj. USD20232024: 328 milj. USD2024: EBIT −29 milj. USD20242025: 358 milj. USD2025: EBIT −23 milj. USD2025358−23
LiikevaihtoLiikevoitto (EBIT)
Kysy Clarifolta: Shenandoah Telecommunications Co

Liiketoiminta

Osuus liikevaihdosta
Residential & SMB Broadband55 %

Internet, video, and voice services sold to households and small businesses over fiber and cable networks.

Commercial Fiber25 %

Enterprise connectivity services including Ethernet, wavelength, dedicated internet access, and dark fiber.

RLEC & Other10 %

Legacy voice, DSL, and related regulated telephone services in rural exchange areas.

Managed Network Services10 %

Network services and related solutions delivered to business and wholesale customers.

Tuotteet

Raportoitu · osuus liikevaihdosta
47,4%23,1%22,2%FY2025100 %
  • Residential and SMB Incumbent Broadband47,4 %
  • Residential and SMB Glo Fiber Expansion Markets23,1 %
  • Commercial Fiber22,2 %
  • RLEC Other7,4 %

Lähde: 10-K FY2025, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.

Asiakkaat

Shentel serves residential households, small businesses, enterprise customers, wholesale carriers, and public-sector users across its service territory. Residential customers buy broadband, video, and voice services, while commercial customers buy higher-capacity fiber connectivity and leased fiber routes for data transport and network backhaul.

Residential households

Buy broadband internet, video, and voice bundles for home connectivity and entertainment.

Small and medium businesses

Buy broadband, voice, and managed services for day-to-day communications and operations.

Enterprise and wholesale customers

Buy Ethernet, wavelength, dedicated internet access, and dark fiber for network transport.

Rural local exchange customers

Buy regulated voice and DSL services in legacy service areas in Virginia and Ohio.

Strategia

Shentel’s strategy centers on expanding its fiber footprint, increasing penetration in newly built markets, and monetizing its regional network through residential and commercial connectivity services. It also maintains legacy rural telephone operations while using fiber upgrades and network expansion to shift customers toward higher-capacity broadband products.

Fiber network expansionKeskipitkä aikaväli

More passings create the base for future subscriber and service growth.

Penetration growth in served marketsKeskipitkä aikaväli

Higher take rates improve utilization of the installed network.

Migration from legacy copper to fiberLyhyt aikaväli

Shifting customers off DSL supports a more modern network mix.

Commercial and wholesale monetizationKeskipitkä aikaväli

Enterprise services can leverage existing fiber routes across the footprint.

Maantiede

Shentel operates in portions of Virginia, West Virginia, Maryland, Pennsylvania, Kentucky, Delaware, Ohio, and Indiana. Its network footprint is concentrated in the eastern United States, with rural exchange operations in Shenandoah County, Virginia and Ross County, Ohio, and fiber assets spanning a multi-state regional network.

Riskit

Shentel faces competition from cable, fiber overbuilders, wireless, and satellite providers, which can pressure subscriber growth and pricing. Its business also depends on large network investments, regulatory approvals, cybersecurity protection, and the performance of legacy copper and video platforms that are exposed to technology substitution.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Intensifying broadband competition1Technology substitution away from DSL and copper2Cybersecurity and network disruption3Regulatory and compliance burden4
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Intensifying broadband competitionVaikutus: KorkeaTodennäköisyys: Korkea

    Cable, FTTH, wireless, and satellite providers can win customers on price and speed.

    Kohdistuu: Incumbent broadband and Glo Fiber markets

  2. Technology substitution away from DSL and copperVaikutus: KorkeaTodennäköisyys: Korkea

    Customers may migrate to fiber broadband, reducing legacy voice and DSL demand.

    Kohdistuu: RLEC operations in Virginia and Ohio

  3. Cybersecurity and network disruptionVaikutus: KorkeaTodennäköisyys: Kohtalainen

    The company processes sensitive customer data and depends on network uptime.

    KohdistuuBroadbandEnterpriseInternal IT systems
  4. Regulatory and compliance burdenVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    FCC and state rules govern 911, privacy, video, and telephone services.

    KohdistuuVideoVoiceRegulated telecom operations
Kysy Clarifolta: Shenandoah Telecommunications Co

Kirjanpito

Harkinnanvaraiset erät
Goodwill impairment testing

Valuation depends on cash flow forecasts, discount rates, and market capitalization.

Vaikutus: Could create non-cash impairment charges if assumptions weaken

Cable franchise rights valuation

Indefinite-lived intangibles require annual impairment testing using judgmental inputs.

Vaikutus: Affects reported intangible asset carrying values

Deferred revenue and termination fee timing

Commercial fiber revenue can be affected by non-cash adjustments and contract events.

Vaikutus: Can distort year-over-year revenue comparability

Government support revenue

RLEC & Other revenue includes Universal Service Fund support and related regulatory receipts.

Vaikutus: Influences legacy telecom revenue stability

Samankaltaisia listattuja yhtiöitä

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Shineco, Inc.

Agricultural Production-Crops

Optimum Communications, Inc.

OPTU · Cable & Other Pay Television Services

Old Market Capital Corp

OMCC · Short-Term Business Credit Institutions

SBA Communications Corporation

SBAC · Real Estate Investment Trusts

Optical Cable Corporation

OCC · Drawing & Insulating of Nonferrous Wire

KonaTel, Inc.

KTEL · Communications Services, NEC

Päivitetty: 24.9.2026