Property, Plant and Equipment

3 Months Ended

Mar. 31, 2026

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

Property, Plant and Equipment

Property, plant and equipment consisted of the following:

 

($ in thousands)	Estimated Useful Lives	March 31, 2026		December 31, 2025
Land		$	4,493	$	4,498
Land improvements	10 years	3,630		3,699
Buildings and structures	10 - 45 years	54,539		54,562
Cable and fiber	12 - 30 years	1,570,116		1,519,669
Equipment and software	4 - 12 years	484,383		476,939
Total plant in service		2,117,161		2,059,367
Plant under construction		181,510		181,060
Total property, plant and equipment		2,298,671		2,240,427
Less: accumulated depreciation and amortization		(669,463)		(638,818)
Property, plant and equipment, net		$	1,629,208	$	1,601,609

Property, plant and equipment, net increased primarily due to capital expenditures to support the Company’s Glo Fiber market expansion. The Company’s accounts payable as of March 31, 2026 and December 31, 2025 included amounts associated with capital expenditures of approximately $48.4 million and $55.6 million, respectively. Depreciation and amortization expense was $31.7 million and $29.0 million during the three months ended March 31, 2026 and 2025, respectively. The Company wrote off $2.8 million plant under construction inventory assets during the three months ended March 31, 2026. The write-off primarily related to permitting and engineering costs for markets abandoned due to changing market returns. The amounts are presented in depreciation and amortization in the Company’s unaudited condensed consolidated statements of operations.