CROWN CASTLE INC. (CCI) Form 10-Q — Aug 5, 2026

$CCIForm 10-QFiled Aug 5, 2026, 4:18 PM ET0001051470-26-000074Original filing

Crown Castle reported Q2 2026 net revenues of $1,008 million, down 4% year over year, with net income of $94 million versus $291 million a year ago, the decline driven by a $280 million loss on the Fiber Business disposal and lower site rental revenues after the DISH termination. Income from continuing operations rose 13% to $299 million, helped by lower interest expense, while Adjusted EBITDA fell 4% to $675 million. Crown Castle completed the $8.5 billion sale of its Fiber Business on May 1, 2026, receiving $8.4 billion in net cash proceeds, with Zayo buying the fiber solutions business and EQT buying small cells.

Key figures

Eps: $0.22 diluted Q2 2026 net income; $0.69 diluted from continuing operations
Revenue: $1,008 million Q2 2026 net revenues (continuing operations); $2,018 million for H1 2026
Net Income: $94 million Q2 2026 (vs $291 million Q2 2025); $245 million H1 2026
Total Debt: $18,239 million at June 30, 2026 (down from $24,337 million at December 31, 2025)
Total Assets: $21,512 million at June 30, 2026
Cash Position: $1,042 million cash and equivalents at June 30, 2026 (plus $212 million restricted)
Interest Rate: 3.7% weighted-average with ~7-year weighted-average maturity; 100% fixed rate
Shares Outstanding: 425455439
Fcc trust size: $2.4 billion EchoStar-funded trust established July 28, 2026
Adjusted ebitda q2: $675 million (down 4% YoY)
Dish claims asserted: >$3.5 billion
Revolver commitments: $4.5 billion undrawn 2026 Revolver (new facility maturing May 2031)
Total equity deficit: $(3,270) million at June 30, 2026
Restructuring savings: $65 million annualized run-rate ($55 million realized in 2026)
Dividends h1 per share: $2.125 (vs $2.628 in H1 2025)
Operating cash flow h1: $1,040 million
Q2 site rental revenue: $967 million (down 4% YoY)
Restructuring charges h1: $14 million (2026 Restructuring Plan, ~$25 million expected in 2026)
Purchase price adjustment: $124 million (preliminary, subject to post-closing settlement)
Share repurchase completed: $1.0 billion for ~11 million shares at average $88.65
Debt repayment authorization: $7.2 billion
Fiber sale net cash proceeds: $8.4 billion
Open market debt repurchases: $530 million face value for $500 million cash; $27 million gain on extinguishment
Contracted future cash inflows: $22.1 billion (exclusive of DISH amounts)
Loss on fiber disposal h1 2026: $625 million (no tax benefit due to REIT status)
Dish net balance sheet exposure: ~$165 million at June 30, 2026
Fiber sale gross purchase price: $8.5 billion
Expected dish revenue impact 2026: ~$220 million YoY site rental revenue reduction

Price after filing

1 day: +1.5%7 days: +0.2%30 days: +4.6%

Close on the filing date to close N calendar days later (from $73.84). Historical, not a forecast.

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