Crown Castle Inc. · NYSE:CCI
Crown Castle — Q1 2026 Earnings Presentation
6 slides from Crown Castle's earnings presentation, Apr 22, 2026
Slide 1: First Quarter 2026 Earnings Conference Call
April 22, 2026 First Quarter 2026 Earnings Conference Call The pathway to possible. PAGE 1 First Quarter 2026 Earnings Conference Call
Slide 2: Cautionary Language
Cautionary Language This presentation contains forward-looking statements and information (“Forward-Looking Statements”) that are based on our management's current expectations. Statements that are not historical facts are hereby identified as Forward-Looking Statements. In addition, words such as "
Slide 3: Q1 2026 Results
Q1 2026 Results ($ in millions) Site Rental Revenues Adjusted EBITDA(1) AFFO(1) $1,011 $961 $722 $675 $479 ↓ ($50) $446 ↓ ($47) ↓ ($33) Q1 2025 Q1 2026 Q1 2025 Q1 2026 Q1 2025 Q1 2026 Results Results Results Results Results Results 1. See “Non-GAAP Measures and Other Information” in the Supplemental
Slide 4: Full Year 2026 Outlook Remains Unchanged
Full Year 2026 Outlook Remains Unchanged ($ in millions) (1) (1) Site Rental Revenues Adjusted EBITDA AFFO $3,828 to $3,873 $4,049 Midpoint: $3,850 $2,665 to $2,715 $2,863 Midpoint: $2,690 $1,895 to $1,945 Midpoint: $1,920 ↓ (4.9%) $1,904 YoY Growth(2) ↓ (6.0%) (2) YoY Growth ↑ 0.8% (2) YoY Growth 2
Slide 5: 2026 Outlook for Organic Contribution to Site Rental Billings
2026 Outlook for Organic Contribution to Site Rental Billings(1), Change in Site Rental Revenues ($in millions) $100 $130 ($30) ($20) Sprint ($5) $65 ($220) DISH Non-Cash Items ($240) ($110) ($70) ($20) ($200) Core Leasing Plus: Less: Less: Change in Organic Less: DISH Organic Change in Change in Gr
Slide 6: 2026 Outlook for Change in AFFO
2026 Outlook for Change in AFFO(1) ($ in millions) $120 $15 ($25) $5 $25 ($110) Organic Change in Change in Change in Other 2026E Contribution to Expenses Services Interest AFFO Growth Site Rental Billings Contribution Expense Previous FY 2026 ($110) $25 $5 $120 ($25) $15 Outlook(2) 1. Reflects midp