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
Share repurchases (following Fiber Business sale close)
“approximately $1 billion of shares”
Period
FY2026
Measure
Declared action
Source
Prose
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
"We had a solid start to the year as we executed the previously announced restructuring plan and remain focused on closing the sale of the Fiber Business in the first half of 2026,” stated Sunit Patel, Crown Castle’s Chief Financial Officer. “Consistent with our capital allocation framework and investment grade balance sheet, we expect to repurchase approximately $1 billion of shares and repay approximately $7 billion of debt following close of the Fiber Business sale. We ended the quarter with significant liquidity and flexibility, including approximately 79% fixed rate debt, a weighted average debt maturity of approximately 6 years, and approximately $2.8 billion of availability under our revolving credit facility." OUTLOOK This Outlook section contains forward-looking statements, and actual results may differ materially. Information regarding potential risks which could cause actual results to differ from the forward-looking statements herein is set forth below and in Crown Castle's filings with the SEC. The following table sets forth Crown Castle's current full year 2026 Outlook, which remains unchanged from the previous full year 2026 Outlook and does not include contributions from the Fiber Business unless indicated otherwise. Additionally, full year 2026 Outlook reflects the following items as announced on February 4, 2026: • Our full year 2026 Outlook does not include any contributions from DISH Wireless due to the termination of our contract with DISH Wireless announced on January 12, 2026. • We have reduced our tower and corporate workforce along wit
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.