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Crown Castle (CCI) guidance and outlook
Crown Castle (CCI) raised some and lowered other parts of its guidance on Nov 4, 2026: Revenue −4% for FY2026; EPS $2.08 for FY2026; EPS +106% for FY2026; EBITDA −5% for FY2026. Crown Castle's 10-Q filed Nov 4, 2026 makes 32 forward-looking statements.
Guidance and outlook
Latest guidance
| Metric | Period | Range | Change |
|---|---|---|---|
| Revenue | FY2026 | −4% | reaffirmed |
| EPS | FY2026 | $2.08 | reaffirmed |
| EPS | FY2026 | +106% | reaffirmed |
| EBITDA | FY2026 | −5% | reaffirmed |
| FFO | FY2026 | $5.0M | reaffirmed |
| Revenue | FY2026 | $15.0M | reaffirmed |
| Revenue | FY2026 | $3.9B | reaffirmed |
| Net income | FY2026 | $755M–$1.0B | reaffirmed |
| EBITDA | FY2026 | $2.7B | reaffirmed |
| Interest expense | FY2026 | $787M–$832M | reaffirmed |
| FFO | FY2026 | $5.0M | reaffirmed |
| FFO per share | FY2026 | $4.54–$4.66 | reaffirmed |
From the earnings release filed Nov 4, 2026 (8-K on EDGAR).
Forward-looking statements, 10-Q filed Nov 4, 2026
- We believe that distributing a meaningful portion of our cash generated by operating activities appropriately provides stockholders with increased certainty for a portion of expected long-term stockholder value while still allowing us to retain sufficient flexibility to invest in our business and deliver growth.
- In addition to adding tenants to existing towers, we seek to invest our available capital, including the net cash generated by our operating activities and external financing sources, in a manner that will increase long-term stockholder value on a risk-adjusted basis.
- These investments include constructing and acquiring new towers that we expect will generate future cash flow growth and attractive long-term returns by adding tenants to those assets over time.
- Our strategy to create long-term stockholder value is based on our belief that there will be considerable future demand for our towers based on the location of our assets and the rapid and continuing growth in the demand for data.
- We believe that such demand for our towers will continue, will result in growth of our cash flows due to tenant additions on our existing towers, and will create other growth opportunities for us, such as demand for newly constructed or acquired towers, as described above.
- ◦ We expect U.S. wireless carriers will continue to focus on improving network quality and expanding capacity (including through 5G initiatives).
- ◦ We expect to continue to construct and acquire new towers that we anticipate will generate future cash flow growth and attractive long-term returns by adding tenants to those assets over time.
- ◦ We expect to continue to acquire land interests relating to land under our towers.
- ◦ As of September 30, 2026, our weighted-average remaining term was approximately five years, exclusive of renewals exercisable at the tenants' option, currently representing approximately $24.7 billion of expected future cash inflows, exclusive of amounts due under the Master Lease Agreement and underlying agreements with DISH Wireless L.L.C ("DISH").
- ◦ As of September 30, 2026, our outstanding debt had a weighted-average interest rate of 3.9% and weighted-average maturity of approximately seven years (assuming the anticipated repayment date in July 2028 on the $750 million aggregate principal amount of 4.241% senior secured tower revenue notes ("Tower Revenue Notes, Series 2018-2").
- ◦ In addition to the positive impact of contractual escalators, we expect to grow our core business of providing access to our towers as a result of future anticipated additional demand.
- ◦ As we grow cash flows, we expect to increase our dividend per share.
Crown Castle's latest quarter
Crown Castle, Q3 2026: revenue $995M (-7% year over year), operating margin 46.7%, net earnings $283M, operating cash flow $56.0M. The chart follows the revenue to costs, profit and cash.
Questions
Did Crown Castle raise or lower its guidance?
Crown Castle (CCI) raised some and lowered other parts of its guidance on Nov 4, 2026: Revenue −4% for FY2026; EPS $2.08 for FY2026; EPS +106% for FY2026; EBITDA −5% for FY2026.
What does Crown Castle expect?
We believe that distributing a meaningful portion of our cash generated by operating activities appropriately provides stockholders with increased certainty for a portion of expected long-term stockholder value while still allowing us to retain sufficient flexibility to invest in our business and deliver growth. In addition to adding tenants to existing towers, we seek to invest our available capital, including the net cash generated by our operating activities and external financing sources, in a manner that will increase long-term stockholder value on a risk-adjusted basis. These investments
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.