Our past investments allow us to efficiently and expeditiously complete more customer upgrades without requiring a technician visit.CCiTV, our streaming video service is fully launched in Northern New England and recently expanded the service in Texas. CNSL reports a compound annual dividend growth … I appreciate it. CNSL Follow 4.50K ... Aug 2020 Jun 2020 Apr 2020 Feb 2020 Dec 2019 Oct 2019. Today's discussion includes statements about expected future events and financial results that are forward-looking and subject to certain risks and uncertainties. We are evaluating the funding opportunities and potential returns on invested capital, and we'll be selective as we look to enable to access underserved areas. Quick Links There are no material impacts that we are seeing with a carrier channel related to COVID-19. Our earnings release includes reconciliations of these measures to the nearest GAAP equivalent.Thank you, Jennifer, and good morning, everyone. We probably had a little less advertising in Q2, we had less travel experiences, everybody is working at home. This fiber density and close proximity to customers gives us options to meet the demands for increased bandwidth.
Our carrier channel remains strong with continued 10-gig densification, including fiber and wave upgrades driving most of the activity.
We continue to operate effectively during this unprecedented and uncertain time. Analyst Activity slide three of our earnings presentation summarizes the company's second quarter results. About Us
Touch device users, explore by touch or with swipe gestures.Consolidated Communications Holdings, Inc. Common Stock var dom1 = document.querySelector('#form1783 #field1');var field1 = new LiveValidation(dom1, {validMessage: "", onlyOnBlur: false, wait: 300});field1.add(Validate.Presence, {failureMessage:"This field is required"});field1.add(Validate.Format, {pattern: /^([^@\s]+)@((?:[-a-z0-9]+\. So I think we're in abundance of caution relative to what we could see SMB, maybe some delays on the equipment sales, which we again, in the commercial group, which we would expect not to have a material impact in the business. As a result, our company is well positioned to capitalize on future opportunities and accelerate our growth trajectory.Our strategic imperatives, which are outlined on slide 10, continue to be our roadmap for success and we are making notable progress with each one. Market Events
Please go ahead.Hey, good morning. Thanks. Operating revenue for the second quarter totaled $325.2 million, while down 2.5% compared to Q2 2019 does represent a 200 basis point improvement over the comparable period one-year-ago.As a result of improving in revenue trends and ongoing cost structure improvement, second quarter adjusted EBITDA of $133.1 million was up $1.7 million from a year-ago. I am very pleased with the solid and stable results we delivered in both the second quarter and the first half of the year.
And I think, Steve, you alluded to cost controls. And I saw you added the fiber-to-the-home route miles to your fiber count. You posted very solid EBITDA, but you're not reinstating your guidance. Our SD-WAN solution along with an LTE failover gave the customer an affordable and flexible backup option and ultimately more control over their network. We listened to our business customer's needs and develop the solution that eases administrative and technical challenges, especially for employees managing remote locations. In the recent quarter, we grew broadband and data transport revenue and reduced operating expenses, which allowed us to achieve stable revenue and generate increased adjusted EBITDA.
I'll provide more color on each of the customer channels as I discuss second quarter results. I've not experienced that kind of delay before. We really haven't seen an increase in our AR agings that I mentioned on the call. Based on the visibility that we have at this time, we expect cash distributions to be in line with historical run rate. The improvement reflects the consistency of our operating results and a decline in depreciation expense.We invested approximately $54 million in capital expenditures during the second quarter and $96 million in the first half of the year, which supported success-based projects and broadband network infrastructure expansion.