Crown Castle Q3 Revenues Fall 5%

By Philip Seaworth • Thursday, October 22 01:51 • Permanent Link

Crown Castle said third-quarter 2026 site rental revenues fell to $966 million from $1.012 billion a year earlier, a decline of $46 million, or 5%.

Net income dropped to $283 million from $323 million in the prior-year quarter, while diluted earnings per share fell to $0.67 from $0.74.

Adjusted EBITDA declined to $673 million from $718 million, down $45 million, or 6%.

AFFO increased to $530 million from $490 million, up $40 million, or 8%, and AFFO per share rose to $1.24 from $1.12, an 11% increase.

Capital expenditures climbed to $66 million from $42 million in the year-ago quarter, a 57% increase, driven mainly by a $24 million rise in land capital expenditures.

The company paid $452 million in common stock dividends during the quarter, equal to $1.0625 per share, unchanged from a year earlier.

For the full year 2026, Crown Castle raised the midpoint of its adjusted EBITDA outlook to $2.715 billion from $2.690 billion, and AFFO to $1.980 billion from $1.975 billion.

It also nudged site rental revenue guidance up to $3.875 billion from $3.855 billion and lifted net income guidance to $895 million from $870 million. Diluted net income per share guidance increased to $2.08 from $2.02, while AFFO per share guidance rose to $4.60 from $4.59. The market has reacted to these announcements by moving the company's shares 0.1% to a price of $81.14. For the full picture, make sure to review CROWN CASTLE INC.'s 8-K report.

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