$CCI · CROWN CASTLE INC.
Crown Castle filed an 8-K/A amending its October 21, 2026 Q3 2026 earnings release solely to reclassify $157 million paid during Q3 2026. The balance sheet reclassification moved $90 million to "Operating lease right-of-use assets" and $67 million to "Other assets, net," with the related cash outflow shifted from investing to operating activities. The reclassification has no effect on total assets or the statement of operations. Q3 2026 results: site rental revenues $966M (down 5% YoY), net income $283M (down 12%), Adjusted EBITDA $673M (down 6%), AFFO $530M (up 8%), AFFO per share $1.24 (up 11%).
- Q3 2026 site rental revenues fell 5% YoY to $966M from $1,012M.
- Q3 2026 AFFO rose 8% to $530M, with AFFO per share up 11% to $1.24.
- Full-year 2026 Adjusted EBITDA midpoint raised $25M to $2,715M; AFFO midpoint raised $5M to $1,980M.
- Q3 capital expenditures rose 57% to $66M, driven by a $24M increase in land capex.
- The $157M reclassification has no effect on total assets or the statement of operations.
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The amendment is a non-economic reclassification, but it accompanies a Q3 report showing AFFO per share growth of 11% and raised full-year guidance.
Crown Castle's pure-play U.S. tower strategy follows the sale of its Fiber and Small Cell businesses, with results now excluding those discontinued operations through April 30, 2026.
DISH Terminations and Sprint Cancellations reduced Q3 2026 site rental billings by $61M and $5M, respectively, pressuring organic growth.