Crown Castle Reports Third Quarter 2026 Results and Updates Outlook for Full Year 2026
Crown Castle reported Q3 2026 results with site rental revenues of $966 million, down 5% year-over-year, hit by $61 million of DISH Terminations and $5 million of Sprint Cancellations. AFFO rose 8% to $530 million and AFFO per share grew 11% to $1.24, driven by lower interest expense and reduced share count from Fiber/Small Cell sale proceeds; net income fell 12% to $283 million.
Key figures
- Eps
- 0.67
- Revenue
- 995000000
- Guidance
- FY2026 site rental revenues $3,853M-$3,898M (midpoint raised $20M); Adjusted EBITDA $2,690M-$2,740M (raised $25M); AFFO $1,955M-$2,005M (raised $5M); AFFO per share $4.54-$4.66
- Revenue Yoy
- -4.5% site rental revenues
- Affo q3
- 530000000
- Capex q3
- 66000000
- Net debt
- 17599000000
- Net income q3
- 283000000
- Affo per share q3
- 1.24
- Dividends paid q3
- $452 million ($1.0625/share)
- Adjusted ebitda q3
- 673000000
- Affo per share yoy
- +11%
- Fixed rate debt pct
- 97%
- Core leasing outlook
- towards bottom end of $60M-$70M range
- Revolver availability
- $3.9 billion
- Site rental revenue q3
- 966000000
- Fiber sale net proceeds
- $8.4 billion
- Organic growth adjusted
- 3.5%
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