Crown Castle

News Summary:

On April 23, 2026, Crown Castle Inc. reiterated its full-year 2026 guidance, anticipating 3.5% organic growth excluding the impact of Sprint cancellations and DISH terminations, with site rental revenues of approximately $3.9 billion, adjusted EBITDA of $2.7 billion, and adjusted funds from operations (AFFO) of $1.9 billion. The company emphasized three core business priorities: concluding the sale of its small cell and fiber businesses, preserving the value of its DISH agreement, and enhancing operational efficiency. Earlier on April 23, Crown Castle reported first-quarter 2026 AFFO per share of $1.02, a 7.3% year-over-year decrease, yet exceeding the Zacks Consensus Estimate of $1.01. Quarterly revenues reached $1.01 billion, declining 4.8% from the prior year but surpassing the consensus estimate. The company achieved organic growth of 3.1%, or $30 million, in the first quarter, excluding Sprint cancellations and DISH terminations, benefiting from reduced repair and maintenance and other non-labor costs. Previously, on April 22, Crown Castle reported a first-quarter net income of $151 million, or $0.34 per share, a reversal from a net loss of $464 million, or $1.06 per share, in the same period last year, although the reported EPS missed expectations of $0.3766. Funds from operations for the quarter stood at $383 million, or $0.88 per share. The company affirmed its commitment to becoming a top-tier U.S. tower operator, including plans to acquire more land under its towers and invest in systems to drive operational effectiveness.