Crown Castle Inc.
CCI · NYSE
Next quarter
Reports Oct 28, 2026.
Consensus is $1.16 EPS for Sep 2026 across 4 estimates, ranging $1.14 to $1.17.
CCI Jun 2026
- 18.95%
- -3.78%
- $0.95
- $1.13
- —
- $41.00M
Reported results
- $41.00M
- 53.66%
- $470.00M
- 1146.34%
- $94.00M
- $0.22
Highlights
- Net revenues were $1,008 million, comprising $967 million of site rental revenue and $41 million of services and other revenue, compared with $1,060 million, $1,008 million and $52 million, respectively, in the year-ago quarter.
- Site rental operating costs were $249 million and services and other operating costs were $19 million; selling, general and administrative expense was $97 million.
- Operating income was $470 million versus $506 million in the prior-year quarter, while total operating expenses declined to $538 million from $554 million.
- Income from continuing operations increased to $299 million from $265 million, helped by lower net interest expense of $208 million versus $243 million and a $24 million gain on retirement of long-term obligations.
- Net income was $94 million versus $291 million, as discontinued operations produced a $205 million loss, including a $280 million disposal loss; no consensus figures or guidance ranges are provided in the supplied material.
Analysis
No consensus figures are on file, so the quarter cannot be assessed against analyst expectations. Continuing-operations revenue was $1,008 million, down from $1,060 million in the prior-year quarter, with site rental revenue falling from $1,008 million to $967 million and services and other revenue declining from $52 million to $41 million. Operating income decreased to $470 million from $506 million, although operating expenses also fell to $538 million from $554 million; the filing does not provide a reported operating-margin percentage. Lower net interest expense, $208 million versus $243 million, a $24 million gain on retirement of long-term obligations and higher interest income supported continuing-operations income of $299 million versus $265 million. Reported net income was much weaker at $94 million versus $291 million because discontinued operations shifted from $26 million of income to a $205 million loss, including a $280 million disposal loss. The supplied material does not state a revenue growth rate.
Guidance
No specific quarterly, full-year or segment guidance ranges are given in the supplied material. The filing says management has a full-year 2026 outlook and discusses expectations for tower demand, site rental revenue, cash flow growth, dividends, capital expenditures, restructuring and the impact of DISH terminations, but it does not disclose numerical ranges for those items in the provided text. Consequently, there is no prior guide to compare with, and no stated assumptions or caveats beyond the filing's general warning that market conditions, risk factors and other uncertainties could cause actual results to differ materially from expectations.
What drove it
- Site Rental — Site rental revenue was $967 million, compared with $1,008 million in the year-ago quarter.
- Services Revenue — Services and other revenue was $41 million versus $52 million in the prior-year quarter.
- Interest Expense — Net interest expense declined to $208 million from $243 million.
- Discontinued Operations — Discontinued operations generated a $205 million loss, including a $280 million loss from disposal.
Watch items
- Continuing-operations revenue declined to $1,008 million from $1,060 million, with both site rental and services and other revenue lower year over year.
- Operating income fell to $470 million from $506 million despite total operating expenses declining to $538 million from $554 million.
- Discontinued operations produced a $205 million loss in the quarter, including a $280 million disposal loss, versus $26 million of income in the prior-year quarter.
- The company reported total equity deficit of $3,270 million at June 30, 2026, while current maturities of debt and other obligations were $2,260 million.
