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Investments | 9 Months Ended
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Sep. 30, 2025
Investments [Abstract] |
Investments | Investments Investments consisted of the following:
(in thousands) | September 30, 2025 |  | December 31, 2024
SERP investments at fair value | $ | 3,022 |  |  | $ | 2,670 |
Cost method investments | 13,117 |  |  | 12,813 |
Equity method investments | 205 |  |  | 226 |
Total investments | $ | 16,344 |  |  | $ | 15,709 |
SERP investments at fair value: The fair value of the supplemental executive retirement plan (“SERP”) investments is based on unadjusted quoted prices in active markets and are classified as Level 1 of the fair value hierarchy. Cost method investments: Shentel’s investment in CoBank’s Class A common stock, derived from the CoBank patronage program, represented substantially all of the Company’s cost method investments with a balance of $12.4 million and $12.1 million as of September 30, 2025 and December 31, 2024, respectively. Shentel recognized approximately $0.8 million and $0.4 million of patronage income in other income, net for the three months ended September 30, 2025 and 2024, respectively, and approximately $2.3 million and $1.1 million during the nine months ended September 30, 2025 and 2024, respectively. The Company expects that approximately 75% of the patronage distributions will be collected in cash and 25% in equity in 2025.

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- Definition The entire disclosure for investment holdings. This includes the long positions of investments for the entity. It contains investments in affiliated and unaffiliated issuers. The investments include securities and non securities (i.e. commodities and futures contracts). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478795/946-210-50-12 + Details
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