Earnings ·
Crown Castle reports Q3 net income of $283 million, raises full-year Adjusted EBITDA outlook by $25 million
CCICrown Castle Inc.
Crown Castle reported third-quarter net income of $283 million and diluted earnings per share of $0.67, down from $323 million and $0.74 in the prior year period. Site rental revenues declined 5% to $966 million due to DISH terminations and Sprint cancellations, though Adjusted EBITDA fell only 6% to $673 million as lower SG&A expenses provided a partial offset. The company raised its full-year 2026 outlook for Adjusted EBITDA by $25 million to a midpoint of $2,863 million and AFFO by $5 million to $1,904 million, citing higher ground lease buyout activity and operational efficiencies. Crown Castle owns, operates and leases approximately 40,000 cell towers across the U.S., providing wireless connectivity infrastructure.