Earnings summaries and quarterly performance for CROWN CASTLE.
Executive leadership at CROWN CASTLE.
Christian Hillabrant
Detailed
President and Chief Executive Officer
CEO
Catherine Piche
Detailed
Executive Vice President and Chief Operating Officer—Towers
Christopher Levendos
Detailed
Executive Vice President and Chief Operating Officer—Fiber
Daniel Schlanger
Detailed
Executive Vice President and Chief Transformation Officer
Edward Adams Jr.
Detailed
Executive Vice President and General Counsel
Sunit Patel
Detailed
Executive Vice President and Chief Financial Officer
Board of directors at CROWN CASTLE.
Research analysts who have asked questions during CROWN CASTLE earnings calls.
Batya Levi
UBS
4 questions for CCI
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Michael Rollins
Citigroup
4 questions for CCI
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Ric Prentiss
Raymond James
4 questions for CCI
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Brendan Lynch
Barclays
3 questions for CCI
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James Schneider
Goldman Sachs
3 questions for CCI
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Nicholas Del Deo
MoffettNathanson
3 questions for CCI
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Benjamin Swinburne
Morgan Stanley
2 questions for CCI
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Brandon Nispel
KeyBanc Capital Markets
2 questions for CCI
Also covers: AMT, CABO, CCOI +4 more
Jonathan Atkin
RBC Capital Markets
2 questions for CCI
Also covers: AMT, DBRG, DLR +6 more
Richard Choe
JPMorgan Chase & Co.
2 questions for CCI
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Simon Flannery
Morgan Stanley
2 questions for CCI
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Alexander Waters
Bank of America
1 question for CCI
Also covers: CCOI, DLR, DY
Ari Klein
BMO Capital Markets
1 question for CCI
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David Barden
Bank of America
1 question for CCI
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Jonathan Chaplin
New Street Research
1 question for CCI
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Joshua Frantz
Goldman Sachs
1 question for CCI
Also covers: ATUS
Matthew Niknam
Deutsche Bank
1 question for CCI
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Michael Funk
Bank of America
1 question for CCI
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Nick Del Deo
MoffettNathanson LLC
1 question for CCI
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Richard Gill
JPMorgan Chase & Co.
1 question for CCI
Recent press releases and 8-K filings for CCI.
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
Crown Castle outlines strategy after fiber and small cell divestiture
CCI
CEO Change
Guidance Update
Share Buyback
- Crown Castle will divest its fiber and small cell businesses in the first half of next year for $8.5 billion, refocusing as a U.S. tower-only operator.
- Post-close AFFO guidance midpoint is set at $2.34 billion (assuming a June 30 transaction), versus $1.88 billion for the current fiscal year.
- Capital allocation plan resets the dividend at $4.25 per share (75–80% of FFO), applies $6 billion of divestiture proceeds to debt paydown, and uses the balance for share buybacks.
- Kristoffer Hinson, with extensive tower and carrier experience, will join as CEO next week to lead the streamlined tower-only strategy.
Sep 11, 2025, 4:30 PM
Crown Castle outlines post-divestiture strategy and AFFO guidance
CCI
Guidance Update
Dividends
M&A
- Crown Castle expects to complete its $8.5 billion sale of the fiber and small cell business in H1 2026, refocusing on a U.S. tower-only model.
- AFFO guidance raised to $2.34 billion (midpoint) for July 1, 2025–June 30, 2027, up from $1.88 billion this year, with $6 billion of sale proceeds allocated to debt reduction.
- Kristoffer Hinson, with extensive tower operations experience, will become CEO next week as CFO Sunit Patel targets efficiency gains via technology and process improvements.
- Post-transaction capital allocation resets the dividend to 75–80% of FFO (currently $4.25/share), with remaining proceeds for share buybacks.
Sep 11, 2025, 4:30 PM
Crown Castle to become tower-only company with H1 2026 sale and raises AFFO guidance
CCI
Guidance Update
CEO Change
Dividends
- Crown Castle expects to complete the divestiture of its fiber and small cell business in the first half of 2026, receiving $8.5 billion in proceeds, deploying $6 billion to debt paydown, and guiding mid-point AFFO of $2.34 billion vs $1.88 billion this year.
- Kristoffer Hinson will join as permanent CEO next week, with plans to drive operational efficiencies through technology and system improvements while balancing top-line growth and bottom-line performance.
- The company raised its leasing guidance at Q2, supported by continued mobile data demand, new spectrum band deployments, and 5G expansion.
- Post-transaction capital allocation includes a $4.25 per share dividend (75–80% of FFO), with excess proceeds earmarked for share buybacks; annual tower CapEx remains modest at $100–200 million.
Sep 11, 2025, 4:30 PM
Crown Castle divests fiber small cell business and appoints new CEO
CCI
M&A
Management Change
Guidance Update
- Crown Castle will sell its fiber small cell business for $8.5 billion, expected to close in H1 2026; proceeds will be used to pay down $6 billion of debt and fund share buybacks.
- Christian Hildenbrand, former CEO of Vantage Towers, will join as Crown Castle’s CEO in September, bringing extensive wireless and tower operating experience from T-Mobile, Samsung, Ericsson, and private equity-backed tower operations.
- Tower leasing guidance for 2025 was raised from $110 million to $115 million at the midpoint, driven by broad carrier activity and improved cycle times; long-term demand drivers include bonus depreciation benefits and upcoming spectrum auctions.
- Post-divestiture, Crown Castle targets 6–6.5× net debt/EBITDA to maintain investment grade; its long-term AFFO per‐share growth framework combines ~5% organic growth, ~1–2% cost efficiencies, and share buybacks for sustainable high single-digit to low double-digit growth.
Aug 12, 2025, 4:06 PM
Crown Castle reports Q2 2025 results and raises guidance
CCI
Earnings
Guidance Update
M&A
- Q2 performance: 4.7% organic site rental revenue growth excluding Sprint cancellations, $6 M increase in services revenue, and $37 M SG&A reduction; adjusted full-year 2025 outlook increased by $10 M in site rentals, $25 M in EBITDA, and $35 M in AFFO.
- Divestiture progress: On track to close sale of small cells and fiber solutions in H1 2026, with state approvals received and responding to DOJ’s second request.
- Tower efficiency initiatives: Shortened average project cycle times, improved service gross margins, and cut overhead by $10 M, supporting higher leasing expectations.
- Capital allocation: Annualized dividend reduced to $4.25 for flexibility; post-closure dividend growth targeted at 75–80% of AFFO; net capex of $150–$250 M planned; free cash flow to fund share repurchases while maintaining investment-grade rating.
Jul 24, 2025, 4:16 AM
Quarterly earnings call transcripts for CROWN CASTLE.
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