Crown Castle reports lower Q3 revenue but raises 2026 cash-flow outlook

Crown Castle’s third-quarter 2026 site rental revenue fell 5% to $966 million and net income declined to $283 million, while AFFO rose 8% to $530 million, or $1.24 per share, from the year-earlier quarter. On October 21, the company raised its full-year 2026 outlook midpoint for Adjusted EBITDA by $25 million to $2.715 billion and AFFO by $5 million to $1.98 billion, citing operational efficiencies, ground lease buyouts and a customer agreement; it maintained its $1.0625 quarterly dividend and reported $17.6 billion of net debt as of September 30.