Crown Castle reports lower Q3 revenue and raises 2026 EBITDA and AFFO outlook
Filed with the SEC on · Summarized by InvestorsBot
Crown Castle reported third-quarter 2026 site rental revenue of $966 million, down 5% from a year earlier, while net income fell 12% to $283 million; AFFO rose 8% to $530 million, or $1.24 per share. On October 21, the company raised its full-year 2026 outlook midpoint for Adjusted EBITDA to $2.715 billion and AFFO to $1.98 billion, citing ground lease buyouts, operating efficiencies and a customer agreement, while increasing discretionary capital spending by $40 million to a range of $190 million to $290 million. Crown Castle also said it completed the May 1 sale of its Fiber Business to EQT and Zayo for $8.4 billion in net cash proceeds, and ended the quarter with $17.6 billion of net debt and $4.0 billion of unused revolver capacity.