Earnings summaries and quarterly performance for CROWN CASTLE.
Executive leadership at CROWN CASTLE.
Christian Hillabrant
Detailed
President and Chief Executive Officer
CEO
CP
Catherine Piche
Detailed
Executive Vice President and Chief Operating Officer—Towers
CL
Christopher Levendos
Detailed
Executive Vice President and Chief Operating Officer—Fiber
DS
Daniel Schlanger
Detailed
Executive Vice President and Chief Transformation Officer
EA
Edward Adams Jr.
Detailed
Executive Vice President and General Counsel
SP
Sunit Patel
Detailed
Executive Vice President and Chief Financial Officer
Board of directors at CROWN CASTLE.
AG
Andrea Goldsmith
Detailed
Director
AM
Anthony Melone
Detailed
Director
JG
Jason Genrich
Detailed
Director
KM
Katherine Motlagh
Detailed
Director
KK
Kevin Kabat
Detailed
Director
KS
Kevin Stephens
Detailed
Director
MT
Matthew Thornton III
Detailed
Director
PR
P. Robert Bartolo
Detailed
Chair of the Board
TJ
Tammy Jones
Detailed
Director
Research analysts who have asked questions during CROWN CASTLE earnings calls.
BL
Batya Levi
UBS
4 questions for CCI
Also covers: AMT, BCE, FYBR +6 more
MR
Michael Rollins
Citigroup
4 questions for CCI
Also covers: AMT, ATUS, CCOI +17 more
RP
Ric Prentiss
Raymond James
4 questions for CCI
Also covers: AMT, ATNI, DBRG +9 more
Brendan Lynch
Barclays
3 questions for CCI
Also covers: BXP, CUBE, CUZ +16 more
JS
James Schneider
Goldman Sachs
3 questions for CCI
Also covers: ACN, AMAT, AMKR +27 more
Nicholas Del Deo
MoffettNathanson
3 questions for CCI
Also covers: AMT, CCOI, DLR +4 more
Benjamin Swinburne
Morgan Stanley
2 questions for CCI
Also covers: AMT, BATRA, CHTR +23 more
Brandon Nispel
KeyBanc Capital Markets
2 questions for CCI
Also covers: AMT, CABO, CCOI +4 more
JA
Jonathan Atkin
RBC Capital Markets
2 questions for CCI
Also covers: AMT, DBRG, DLR +6 more
RC
Richard Choe
JPMorgan Chase & Co.
2 questions for CCI
Also covers: AMT, DBRG, DLR +3 more
SF
Simon Flannery
Morgan Stanley
2 questions for CCI
Also covers: ABBN.SW, AMT, BCE +11 more
Alexander Waters
Bank of America
1 question for CCI
Also covers: CCOI, DLR, DY
Ari Klein
BMO Capital Markets
1 question for CCI
Also covers: AMT, APLE, DLR +7 more
DB
David Barden
Bank of America
1 question for CCI
Also covers: AMT, BCE, CCOI +10 more
JC
Jonathan Chaplin
New Street Research
1 question for CCI
Also covers: ATEX, ATUS, CHTR +6 more
Joshua Frantz
Goldman Sachs
1 question for CCI
Also covers: ATUS
Matthew Niknam
Deutsche Bank
1 question for CCI
Also covers: AMT, ANET, COMM +9 more
MF
Michael Funk
Bank of America
1 question for CCI
Also covers: ADSK, AMT, ASAN +24 more
Nick Del Deo
MoffettNathanson LLC
1 question for CCI
Also covers: AMT, CCOI, DLR +4 more
Richard Gill
JPMorgan Chase & Co.
1 question for CCI
Recent press releases and 8-K filings for CCI.
Crown Castle Reports Q4 and Full Year 2025 Results and 2026 Outlook
CCI
Earnings
Guidance Update
Share Buyback
- Site rental revenues for FY 2025 were $4,049 M (–5%), delivering net income of $444 M (diluted EPS $1.01), Adjusted EBITDA of $2,863 M and AFFO of $1,904 M ($4.36/share).
- Full-year 2026 guidance includes site rental revenues of $3,850 M (–5%), net income of $780 M (+76%), Adjusted EBITDA of $2,690 M (–6%) and AFFO of $1,920 M (+1%).
- Company will cut tower and corporate headcount by approximately 20%, targeting $65 M of annualized operating cost savings, and plans to maintain its dividend at $4.25/share.
- Under its capital allocation framework, Crown Castle intends to repurchase $1 B of shares and repay $7 B of debt post Fiber Business sale; it ended Q4 with $4.1 B revolver availability and 84% fixed-rate debt.
40 minutes ago
Crown Castle reports Q4 2025 results and 2026 outlook
CCI
Earnings
Guidance Update
- Crown Castle delivered FY 2025 site rental revenues of $4,049 M, adjusted EBITDA of $2,863 M, and AFFO of $1,904 M, each exceeding initial and previous outlooks.
- For FY 2026, the company forecasts site rental revenues of $3,828–3,873 M (midpoint $3,850 M), adjusted EBITDA of $2,665–2,715 M (midpoint $2,690 M), and AFFO of $1,895–1,945 M (midpoint $1,920 M).
- Updated AFFO guidance for the 12 months following the Fiber Business sale close ranges from $2,025–2,175 M (midpoint $2,100 M), reflecting a $280 M reduction from the prior range, partially offset by $40 M of interest expense benefits.
1 hour ago
Crown Castle reports Q4 & full-year 2025 results and 2026 outlook
CCI
Earnings
Guidance Update
Share Buyback
- Full-year 2025 site rental revenues were $4,049 M (–5%), net income was $444 M, adjusted EBITDA was $2,863 M, and AFFO was $1,904 M.
- FY 2026 Outlook includes site rental revenues of $3,850 M (–5%), net income of $780 M, adjusted EBITDA of $2,690 M, and AFFO of $1,920 M.
- Plans to maintain the annual dividend at $4.25 per share, implement ~20% tower and corporate workforce reduction for $65 M in annual operating cost savings, and close the Fiber Business sale in H1 2026.
- Post-sale, expects to repurchase ~$1 B of shares and repay ~$7 B of debt using proceeds from the Fiber Business sale.
1 hour ago
Crown Castle terminates DISH agreement after payment default
CCI
Legal Proceedings
- On January 12, 2026, Crown Castle announced that DISH Wireless defaulted on its payment obligations, leading Crown Castle to terminate their wireless infrastructure agreement and seek recovery of over $3.5 billion in remaining payments.
- Crown Castle does not expect the termination and default recovery actions to impact its full-year 2025 financial results.
- The company furnished a notice of default under its Master Lease Agreement with DISH and will enforce its contractual rights to recover the owed amounts.
Jan 12, 2026, 9:37 PM
Crown Castle terminates contract with DISH after payment default
CCI
Legal Proceedings
- Crown Castle announced that DISH Wireless has defaulted on its payment obligations, leading to termination of their wireless infrastructure agreement and the pursuit of over $3.5 billion in remaining payments owed.
- DISH previously discontinued its network business after EchoStar sold key spectrum licenses to AT&T and SpaceX, citing FCC actions as grounds to stop honoring contracts.
- Crown Castle does not expect the DISH default to impact its full-year 2025 financial results.
Jan 12, 2026, 9:05 PM
Crown Castle outlines 2026 divestiture and tower-focused strategy at UBS conference
CCI
M&A
Legal Proceedings
Share Buyback
- Divestiture plan: Crown Castle expects to complete the $8.5 billion sale of its fiber and small-cell business by H1 2026, relaunching as a pure-play U.S. tower company (“Crown 2.0”) and targeting significant operational efficiencies.
- Capital allocation: Of the divestiture proceeds, $6 billion will be used to repay debt and the remainder for share buybacks; the company aims to deploy 75–80% of AFFO to dividends and maintain an investment-grade rating.
- Legal proceedings: Filed suit against Dish—which represents ~5% of revenues—to uphold site-lease contracts through 2036 and dismiss Dish’s force majeure defense related to its spectrum sale.
- Growth outlook: Sees mid-single-digit organic revenue growth driven by rent escalators and increased tower usage; plans no major M&A outside the U.S. and will pursue disciplined, accretive CapEx
Dec 9, 2025, 6:30 PM
Crown Castle outlines sale of fiber unit, litigation with Dish, and capital allocation
CCI
M&A
Legal Proceedings
Share Buyback
- Crown Castle plans to complete the sale of its fiber and small cell business by end of H1 2026 and reposition as a standalone, U.S.-focused tower company (“Crown 2.0”).
- The company has filed a lawsuit to enforce its lease contract with Dish—representing approximately 5% of total revenues—through 2036, rejecting Dish’s force majeure defense.
- Management expects continued tower demand driven by ongoing 5G deployment and over 30% annual mobile data growth, despite carriers nearing peak wireless CapEx.
- After the divestiture, Crown Castle will allocate $6 billion of proceeds to debt reduction and the remainder to share buybacks, while maintaining a 75–80% AFFO dividend payout and an investment-grade credit profile.
- The company aims to be best-in-class in SG&A, targeting several percentage points of cost reduction through process improvements and digital initiatives over the next few years.
Dec 9, 2025, 6:30 PM
Crown Castle to complete fiber divestiture and sues Dish to enforce lease obligations
CCI
M&A
Legal Proceedings
Share Buyback
- Announced a $8.5 billion sale of its fiber and small cell business, targeted to close by end of H1 2026; intends to allocate $6 billion to debt reduction and the remainder to share buybacks while maintaining investment-grade status.
- Filed litigation against Dish (≈5% of revenues) to uphold lease obligations through 2036, rejecting Dish’s force majeure claims; Dish continues to remit payments under existing contracts.
- Positioned mid-cycle in 5G deployment with mobile data traffic growing at a 30% CAGR, driving steady demand for tower amendments and site densification.
- Aims to eliminate several percentage points of SG&A as a share of revenues to achieve best-in-class efficiency, leveraging process improvements and AI-enabled productivity.
Dec 9, 2025, 6:30 PM
CROWN CASTLE outlines tower-focused strategy at Global Communications Infrastructure Conference
CCI
CEO Change
Share Buyback
Dividends
- AT&T’s $23 billion purchase of EchoStar spectrum underscores continued wireless data importance and is a net positive for the tower sector by signaling carriers’ commitment to 5G deployment and network capacity expansion.
- Chris LeBrun joined as CEO (day 3), reinforcing the shift to a pure-play U.S. tower operator following the planned $8.5 billion sale of its fiber and small-cell businesses.
- Q2 leasing activity outpaced expectations, prompting a raised guide; organic tenant billings and improved cycle times drove better-than-forecast SG&A performance amid robust 5G coverage and throughput demand.
- Post-divestiture, $6 billion of proceeds will fund debt reduction and remaining proceeds a share buyback program; target dividend payout is 75 %–80 % of AFFO to support growth and investment-grade ratings.
- Satellite-based connectivity (e.g., SpaceX) is seen as a valuable niche, but terrestrial tower networks will continue to carry orders of magnitude more data and remain core to mobile infrastructure.
Sep 17, 2025, 1:30 PM
Crown Castle outlines tower-only strategy and financial outlook
CCI
M&A
Management Change
Guidance Update
- Crown Castle will divest its fiber and small cell business for $8.5 billion, expected to close H1 2026, repositioning as a U.S. tower-only company with pro forma AFFO guidance midpoint of $2.34 billion (vs. $1.88 billion current) and plans to use $6 billion of proceeds to pay down debt.
- Kristoffer Hinson, formerly of T-Mobile, Ericsson and Vantage Towers, joins as permanent CEO next week to lead the simplified tower operations.
- Organic leasing remains robust at a $110–120 million annual run rate, driven by multi-band 5G deployments and contractual escalators, supporting mid-single-digit growth expectations.
- Post-sale capital allocation targets a $4.25/share dividend (75–80% of FFO), with remaining AFFO earmarked for buybacks; annual tower CapEx remains modest at $100–200 million.
- Efficiency initiatives—including platform consolidation and system upgrades—are expected to yield further cost reductions within 2–3 years, enhancing long-term margins.
Sep 11, 2025, 4:30 PM
Quarterly earnings call transcripts for CROWN CASTLE.
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