Crown Castle Inc. (CCI)
The company now
Crown Castle reported third-quarter 2026 site rental revenues of $966 million on 21 October, down from $1,012 million a year earlier 1. Site rental revenues are the rent that wireless carriers pay to place equipment on its towers 2. Net income was $283 million against $323 million, while AFFO, a cash measure the company uses, rose 8 percent to $530 million 1.
The company said DISH lease terminations cut billings by $61 million in the quarter 1. A $14 million fall in straight-lined revenues, rent recorded evenly over a contract's life, also weighed 1. It raised its 2026 outlook: the midpoint for Adjusted EBITDA rose by $25 million to $2,715 million and for AFFO by $5 million to $1,980 million 1.
Chief financial officer Sunit Patel tied the raise to higher ground lease buyout activity, more operating efficiencies and a customer agreement, and said the company bought a residual economic interest on some tower sites 1.
Bloomberg reported on 22 October that SpaceX is in talks with Crown Castle and others to reach at least 80,000 US cell sites for a wireless network 6. Chief executive Chris Hillabrant said on the earnings call that the company is talking to "all parties" and declined to discuss customers 6. American Tower declined to comment, Bloomberg reported 6.
Separately, on 14 September 2026 the company said its chief operating officer and chief financial officer will leave in 2027 4.
As of Nov 4, 2026. Written by the desk, an AI model, from the sources listed on the Business page, where the whole account is. Nothing here is advice.
Newer filings are on file since this was written; an update is queued.