HighGravityDataCrown Castle — Feb 4, 2026 release
Fiscal 2025 fourth-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001051470-26-000008
Showing in the filing
Net income (loss) per share—diluted (Outlook Midpoint / Growth Rate vs FY2025)
“$1.80 78%”
Period
FY2026
Measure
GAAP-tied
Source
Guidance table
All guidance in this release · 64
Site rental revenues (Outlook Midpoint / Gro… for FY2026
“$3,850 (5)%”
Net income (loss) (Outlook Midpoint / Growth… for FY2026
“$780 76%”
Net income (loss) per share—diluted (Outlook… for FY2026
“$1.80 78%”
Adjusted EBITDA (Outlook Midpoint / Growth R… for FY2026
“$2,690 (6)%”
AFFO (Outlook Midpoint / Growth Rate vs FY20… for FY2026
“$1,920 1%”
AFFO per share (Outlook Midpoint / Growth Ra… for FY2026
“$4.43 2%”
Reduction in tower and corporate workforce
“approximately 20%”
Annualized operating cost savings
“approximately $65 million”
Common stock dividend (annualized basis)
“$4.25 per share”
Dividend
“$4.25 per share on an annualized basis”
Share repurchase
“approximately $1 billion of shares”
Share repurchases (following Fiber Business …
“approximately $1 billion”
Debt repayment
“approximately $7 billion of debt”
Cost savings for FY2026
“$55 million”
Cost savings due to timing for FY2026
“$55 million”
Site rental billings for FY2026
“$3,800 to $3,830”
Straight-lined revenues for FY2026
“(75) to (45)”
Other revenues for FY2026
“15 to 15”
Site rental revenues for FY2026
“3,828 to 3,873”
Site rental costs of operations for FY2026
“978 to 1,023”
Services and other gross margin for FY2026
“90 to 120”
Net income (loss) for FY2026
“640 to 920”
Net income (loss) per share—diluted for FY2026
“1.48 to 2.12”
Adjusted EBITDA for FY2026
“2,665 to 2,715”
Depreciation, amortization and accretion for FY2026
“627 to 722”
Interest expense and amortization of deferre… for FY2026
“832 to 877”
Income (loss) from discontinued operations, … for FY2026
“(360) to (80)”
FFO for FY2026
“1,640 to 1,670”
AFFO for FY2026
“1,895 to 1,945”
AFFO per share for FY2026
“4.38 to 4.49”
Discretionary capital expenditures from disc… for FY2026
“$480 to $580”
Organic Contribution to Site Rental Billings… for FY2026
“approximately $130 million or 3.3% at the midpoint”
DISH Terminations and Sprint Cancellations i… for FY2026
“$240 million”
DISH Terminations impact for FY2026
“$220 million”
Sprint Cancellations impact for FY2026
“$20 million”
Organic Contribution to Site Rental Billings… for FY2026
“approximately ($110) million”
Straight-line site rental revenues for FY2026
“decrease by approximately $70 million”
Prepaid rent amortization for FY2026
“decrease by approximately $20 million”
AFFO growth (2025 to 2026) for FY2026
“approximately $15 million at the midpoint”
Expenses for FY2026
“decrease by approximately $25 million”
Expense savings from staffing and other cost… for FY2026
“approximately $50 million”
Services contribution for FY2026
“increase by approximately $5 million at the midpoint”
Expense savings from workforce reduction (se… for FY2026
“$5 million”
Interest expense for FY2026
“decrease by approximately $120 million”
Debt repayment (following Fiber Business sal…
“approximately $7 billion”
Other items for FY2026
“decrease by approximately $25 million”
Discretionary capital expenditures for FY2026
“$150 million to $250 million”
Prepaid rent additions for FY2026
“$30 million to $50 million”
Core leasing activity for FY2026
“60 to 70”
Escalators for FY2026
“95 to 105”
Non-renewals for FY2026
“(35) to (25)”
Other billings for FY2026
“(5) to (5)”
Organic Contribution to Site Rental Billings… for FY2026
“115 to 145”
Non-renewals associated with Sprint Cancella… for FY2026
“(20) to (20)”
Non-renewals associated with DISH Terminations for FY2026
“(220) to (220)”
Organic Contribution to Site Rental Billings for FY2026
“(125) to (95)”
Site rental revenues as a percentage of prio… for FY2026
“(4.9)%”
Organic growth (full year 2026 Outlook, excl… for FY2026
“3.5%”
Organic Contribution to Site Rental Billings… for FY2026
“3.5%”
Organic Contribution to Site Rental Billings… for FY2026
“3.3%”
Organic Contribution to Site Rental Billings… for FY2026
“(2.8)%”
Discretionary capital expenditures less prep… for FY2026
“$110 to $210”
Interest expense on debt obligations for FY2026
“$815 to $855”
Capitalized interest for FY2026
“(15) to (5)”
Exhibit 99.1 · the passage around this item
… earlier in the release
(dollars in millions, except per share amounts) Full Year 2026 Full Year 2025 Current Outlook Midpoint (a) Midpoint Growth Rate Compared to Full Year 2025 Actual Actual Actual Growth Rate Compared to Full Year 2024 Actual Site rental revenues (b) $3,850 (5)% $4,049 (5)% Net income (loss) $780 76% $444 N/A Net income (loss) per share—diluted $1.80 78% $1.01 N/A Adjusted EBITDA (b)(c) $2,690 (6)% $2,863 (6)% AFFO (b)(c) $1,920 1% $1,904 (4)% AFFO per share (b)(c) $4.43 2% $4.36 (4)% (a) Reflects midpoint of full year 2026 Outlook as issued on February 4, 2026. (b) Excludes amounts related to the Fiber Business (as defined in " Non-GAAP Measures and Other Information ") which are presented in discontinued operations. (c) See " Non-GAAP Measures and Other Information " for further information and reconciliation of non-GAAP financial measures to net income (loss), including on a per share basis. "Our full year 2025 results exceeded the midpoint of our guide across all key metrics,” stated Chris Hillabrant, Crown Castle’s President and Chief Executive Officer. “When excluding DISH revenues and the impact of Sprint Cancellations, our full year 2026 Outlook includes organic growth of 3.5%, which compares to 3.8% in full year 2025 on a comparable basis. As we work to close our Fiber Business sale in the first half of 2026, we are reducing our tower and corporate workforce by approximately 20%, which together with other cost reductions, will result in approximately $65 million in annualized operating cost savings. We are investing in ou
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.