HighGravityDataCrown Castle — Apr 22, 2026 release
Fiscal 2026 first-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001051470-26-000046
Showing in the filing
Escalators (Organic Contribution to Site Rental Billings component, midpoint)
“$100 2.7%”
Period
FY2026
Measure
Company-defined measure
Source
Guidance table
All guidance in this release · 63
Timing of Fiber Business sale close
“the first half of 2026”
Core leasing activity (Organic Contribution … for FY2026
“$65 1.8%”
Escalators (Organic Contribution to Site Ren… for FY2026
“$100 2.7%”
Non-renewals (Organic Contribution to Site R… for FY2026
“$(30) (0.8)%”
Change in other billings (Organic Contributi… for FY2026
“$(5) (0.1)%”
Organic Contribution to Site Rental Billings… for FY2026
“$130 3.5%”
Share repurchases (following Fiber Business … for FY2026
“approximately $1 billion of shares”
Share repurchase
“approximately $1 billion of shares”
Debt repayment (following Fiber Business sal… for FY2026
“approximately $7 billion of debt”
Debt repayment
“approximately $7 billion of debt”
Annualized run-rate operating cost reduction
“$65 million”
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 (Outlook table) 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) (Outlook table) for FY2026
“640 to 920”
Net income (loss) per share—diluted (Outlook… for FY2026
“1.48 to 2.12”
Adjusted EBITDA (Outlook table) 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 (Outlook table) for FY2026
“1,895 to 1,945”
AFFO per share (Outlook table) for FY2026
“4.38 to 4.49”
Discretionary capital expenditures (Outlook … for FY2026
“150 to 250”
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 change for FY2026
“decrease by approximately $70 million”
Prepaid rent amortization change for FY2026
“decrease by approximately $20 million”
AFFO growth from 2025 to 2026 for FY2026
“approximately $15 million at the midpoint”
Expenses change for FY2026
“decrease by approximately $25 million”
Expense savings from workforce and other cos… for FY2026
“approximately $50 million”
Services contribution change for FY2026
“increase by approximately $5 million at the midpoint”
Expense savings from workforce reduction (se… for FY2026
“$5 million”
Interest expense change for FY2026
“decrease by approximately $120 million”
Other items change 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”
Site rental revenues as a percentage of prio… for FY2026
“(4.9)%”
Core leasing activity (Components of Changes… for FY2026
“60 to 70”
Escalators (Components of Changes in Site Re… for FY2026
“95 to 105”
Non-renewals (Components of Changes in Site … for FY2026
“(35) to (25)”
Other billings (Components of Changes in Sit… 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 Terminatio… for FY2026
“(220) to (220)”
Organic Contribution to Site Rental Billings… for FY2026
“(125) to (95)”
Organic Contribution to Site Rental Billings… 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)%”
Prepaid rent additions (capex outlook table) for FY2026
“(30) to (50)”
Discretionary capital expenditures less prep… for FY2026
“$110 to $210”
Interest expense on debt obligations for FY2026
“$815 to $855”
Capitalized interest for FY2026
“(15) to (5)”
Exhibit 99.1 · the passage around this item
… earlier in the release
The following table outlines the components of Organic Contribution to Site Rental Billings, excluding the impact of DISH and the Sprint Cancellations, and the respective percentage of prior period site rental billings, excluding prior year site rental billings to DISH. ($ in millions; totals may not sum due to rounding) Current Full Year 2026 Outlook Midpoint (a) Q1 2026 Q1 2025 (c) Core leasing activity (b) $65 1.8% $15 1.6% $16 1.7% Escalators $100 2.7% $25 2.7% $24 2.5% Non-renewals (b) $(30) (0.8)% $(6) (0.7)% $(7) (0.7)% Change in other billings (b) $(5) (0.1)% $(3) (0.3)% $3 0.3% Organic Contribution to Site Rental Billings as Adjusted for Impact of Sprint Cancellations and DISH Terminations (b) $130 3.5% $30 3.3% $36 3.9% (a) As issued on April 22, 2026, and unchanged from previous full year 2026 Outlook issued on February 4, 2026. (b) See " Non-GAAP Measures and Other Information " for our definitions of core leasing activity, non-renewals, other billings and Organic Contribution to Site Rental Billings as Adjusted for Impact of Sprint Cancellations and DISH Terminations. (c) Amounts have been recast to exclude DISH contributions to the components of Organic Contribution to Site Rental Billings. • Net income (loss). Net income (loss) for the first quarter 2026 was $151 million compared to $(464) million for the first quarter 2025, reflecting a decrease in the impact of the loss associated with the agreement announced in March 2025 to sell the Fiber Business from $830 million in the first quarter 2025 to $345 million in the first quarter 2026. The pathway to possible. CrownCastle.com News Release continued: Page 3 •
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.