Crown Castle Reports Third Quarter 2026 Results and Updates Outlook for Full Year 2026
Key Highlights
- ➤Adjusted EBITDA outlook midpoint raised $25 million to $2,715 million
- ➤AFFO outlook midpoint raised $5 million to $1,980 million
- ➤Q3 AFFO $530 million, up 8% year over year
- ➤Q3 site rental revenues $966 million, down 5% year over year
- ➤Q3 net income $283 million, down 12% year over year
Expert Statements
Chris Hillabrant, President and Chief Executive Officer of Crown Castle
“In the third quarter, we improved margins and strengthened our customer relationships including the completion of an agreement with a key customer”
Chris Hillabrant, President and Chief Executive Officer of Crown Castle
“As we look ahead, we remain focused on becoming a best-in-class U.S. tower operator by driving additional operating efficiencies, modernizing our systems, and increasing our land ownership under our towers. We believe our pure-play U.S. tower strategy, disciplined capital allocation framework, and investment-grade balance sheet position us to deliver attractive long-term shareholder returns.”
Sunit Patel, Chief Financial Officer of Crown Castle
“We are increasing our full year 2026 guide for Adjusted EBITDA by $25 million and AFFO by $5 million to reflect higher ground lease buyout activity, additional operational efficiencies, and the impact of a customer agreement.”
Sunit Patel, Chief Financial Officer of Crown Castle
“In the quarter we acquired an outstanding residual economic interest on a subset of our tower sites and extended the term of a significant customer on those sites. We ended the third quarter with a strong balance sheet, including 97% fixed rate debt, a weighted average debt maturity of approximately 7 years, and approximately $3.9 billion of availability under our revolving credit facility.”
HOUSTON, Oct. 21, 2026 (GLOBE NEWSWIRE) -- Crown Castle Inc. (NYSE: CCI) ("Crown Castle") today reported results for the third quarter ended September 30, 2026, and updated its full year 2026 Outlook, as reflected in the table below.
(dollars in millions, except per share amounts)Current Full Year 2026 Outlook Midpoint ((a))Full Year 2025 Actual% ChangePrevious Full Year 2026 Outlook ((b))Current Compared to Previous Outlook Site rental revenues ((c))$3,875$4,049(4)%$3,855$20 Net income (loss)$895$444102%$870$25 Net income (loss) per share—diluted$2.08$1.01106%$2.02$0.06 Adjusted EBITDA ((c)(d))$2,715$2,863(5)%$2,690$25 AFFO ((c)(d))$1,980$1,9044%$1,975$5 AFFO per share ((c)(d))$4.60$4.366%$4.59$0.01
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