Every material Form 8-K Crown Castle has filed with the SEC since April 02, 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Crown Castle's Board declared a quarterly cash dividend of $1.0625 per common share, payable December 31, 2026, to holders of record at the close of business on December 15, 2026. The filing contains no earnings, guidance, or other financial results, and the dividend remains subject to future Board approval.
Dividend: $1.0625 per common share, quarterly cash dividend
Record date: close of business December 15, 2026
Payment date: December 31, 2026
Future dividends remain subject to Board of Directors approval
Crown Castle reported third quarter 2026 site rental revenues of $966 million, down 5% from a year earlier, and net income of $283 million, down 12%. The company raised the midpoint of its full year 2026 AFFO outlook by $5 million and Adjusted EBITDA outlook by $25 million, while AFFO rose 8% in the quarter.
Q3 2026 site rental revenues were $966 million, down from $1,012 million in Q3 2025; diluted EPS was $0.67 versus $0.74
Q3 2026 AFFO was $530 million, up 8%, or $1.24 per share, up 11%
Full year 2026 AFFO outlook midpoint raised $5 million to a range of $1,955 million to $2,005 million
Full year 2026 Adjusted EBITDA outlook raised to $2,690 million to $2,740 million; site rental revenues midpoint raised $20 million
Crown Castle said CFO Sunit Patel will retire effective March 31, 2027, and that its board intends to appoint EVP and Chief Commercial Officer Kristoffer Hinson as CFO effective April 1, 2027. COO Cathy Piche will step down from her COO role on September 23, 2026, serve as a special advisor, and leave the company on February 22, 2027, with a search for her successor underway. The changes affect two senior executive roles, and no compensation terms for Hinson have been set yet.
Sunit Patel retires as EVP and CFO effective March 31, 2027, after the 2026 Form 10-K is filed.
Kristoffer Hinson, currently EVP and Chief Commercial Officer, is intended to become EVP and CFO effective April 1, 2027.
Cathy Piche leaves the COO role September 23, 2026, serves as special advisor, and departs February 22, 2027.
Hinson's compensation arrangements have not been determined; any required changes will be disclosed by amendment to this 8-K.
Crown Castle reported second-quarter 2026 results on July 22, 2026. Site rental revenues fell 4% to $967 million and net income fell to $94 million from $291 million, while AFFO rose 10% to $488 million, helped by lower interest expense after the sale of its Fiber and Small Cell businesses. The company raised the midpoint of its full-year 2026 AFFO outlook by $5 million to $1,975 million.
Q2 2026 site rental revenues were $967 million, down from $1,008 million in Q2 2025; diluted EPS was $0.22 versus $0.67.
Q2 2026 AFFO was $488 million, or $1.13 per share, up 10% from Q2 2025.
Full-year 2026 AFFO outlook midpoint rose $5 million to $1,975 million; AFFO per share midpoint was unchanged at $4.59.
The Fiber and Small Cell sale closed May 1, 2026 for $8.4 billion in net proceeds, and the company completed $1 billion of share repurchases after the close.
Crown Castle entered a new $4.5 billion unsecured revolving credit facility on May 1, 2026, with JPMorgan Chase Bank as administrative agent, and used it to replace its existing 2016 credit agreement. The new facility matures May 1, 2031, and the company repaid all outstanding loans under the old agreement that day using proceeds from the sale of its fiber solutions and small cells businesses. The filing describes a longer-dated, larger credit line, but it does not disclose a new borrowing amount beyond letters of credit.
Facility size: $4.5 billion in unsecured revolving commitments, with up to $100.0 million for letters of credit
Approximately $39.4 million was drawn as letters of credit as of May 1, 2026
Matures May 1, 2031, with an option to seek up to $500.0 million in additional commitments
Existing Credit Agreement dated January 21, 2016 was terminated; loans repaid using sale proceeds from fiber and small cells businesses
Crown Castle completed the sale of its fiber solutions and small cells businesses on May 1, 2026, for $8.5 billion in cash before adjustments. The company raised its full-year 2026 outlook for net income, diluted EPS, FFO and AFFO, citing earlier receipt of sale proceeds, and plans to repurchase $1.0 billion of stock and repay more than $7.0 billion of debt.
Sale closed May 1, 2026: $8.5 billion aggregate price, about $8.4 billion after $124 million of preliminary adjustments
Full-year 2026 net income outlook is $690 million to $970 million, up $50 million at the midpoint; diluted EPS outlook is $1.61 to $2.26, up $0.14 at the midpoint
Full-year 2026 AFFO outlook is $1,945 million to $1,995 million, up $50 million at the midpoint; Adjusted EBITDA outlook is unchanged at $2,665 million to $2,715 million
Board authorized a stock repurchase program of up to $1.0 billion; Executive Vice President and COO-Fiber Christopher D. Levendos resigned to join Zayo
Crown Castle reported first-quarter 2026 results, with net income of $151 million compared with a loss of $464 million a year earlier, mainly because the loss tied to the planned Fiber Business sale was smaller. Site rental revenues, Adjusted EBITDA and AFFO all declined, and the company kept its full-year 2026 outlook unchanged.
Net income was $151 million, or $0.34 per diluted share, versus a loss of $464 million, or $1.07 per share, in Q1 2025.
Site rental revenues were $961 million, down 5% from $1,011 million; Adjusted EBITDA was $675 million, down 7%.
AFFO was $446 million, or $1.02 per share, down 7% from $479 million, or $1.10 per share.
Full-year 2026 outlook was maintained, including AFFO of $1,895 million to $1,945 million; the Fiber Business sale to EQT and Zayo for $8.5 billion is expected to close in the first half of 2026.
Crown Castle's board declared a quarterly common stock dividend of $1.0625 per share, payable March 31, 2026, to holders of record on March 13, 2026. The board also approved a 2026 annual incentive plan for the executive management team, which pays cash only if corporate financial goals are met and does not guarantee any award.
Quarterly dividend of $1.0625 per common share declared February 25, 2026
Dividend payable March 31, 2026 to stockholders of record at close of business March 13, 2026
Board approved 2026 EMT Annual Incentive Plan covering CEO Christian H. Hillabrant and other executive officers
Incentive payouts depend on specified corporate financial performance goals; the committee can amend or discontinue the plan
Crown Castle reported fourth quarter and full year 2025 results, with site rental revenues of $4,049 million, down 5.1% from 2024, and Adjusted EBITDA of $2,863 million, down 6%. Net income rose to $444 million from a $3,903 million loss in 2024, which included a $5.0 billion goodwill impairment, and the company's 2026 outlook midpoint for site rental revenues is $3,850 million, also lower. The company also began a restructuring plan to cut about 20% of tower and corporate headcount, with about $30 million in charges and about $65 million in annualized operating cost savings.
Full year 2025 site rental revenues were $4,049 million versus $4,268 million in 2024; net income was $444 million versus a $(3,903) million loss, mainly due to the absence of the 2024 goodwill impairment.
2026 outlook midpoints: site rental revenues $3,850 million, Adjusted EBITDA $2,690 million and AFFO $1,920 million, excluding DISH Wireless contributions after its contract termination announced January 12, 2026.
Restructuring plan cuts tower and corporate headcount by about 20%, with total charges of about $30 million, including about $20 million in the first quarter of 2026, and about $65 million in annualized operating cost savings.
The company expects to keep its dividend at $4.25 per share annualized and, after the $8.5 billion Fiber Business sale closes (assumed June 30, 2026), to repurchase about $1 billion of shares and repay about $7 billion of debt.
Crown Castle said DISH Wireless defaulted on its payment obligations and that it has terminated its wireless infrastructure agreement with DISH, seeking to recover more than $3.5 billion in remaining payments. The company said it does not expect the termination to affect its full-year 2025 results, but the filing does not describe how the dispute will be resolved or how much cash will be collected.
DISH Wireless defaulted on payment obligations; Crown Castle delivered a notice of default and termination on January 12, 2026.
Crown Castle seeks to recover more than $3.5 billion in remaining payments owed under the agreement.
Crown Castle does not anticipate the termination to affect its full-year 2025 financial results.
Crown Castle reported third-quarter 2025 site rental revenues of $1,012 million, down 5% from a year earlier, and Adjusted EBITDA of $718 million, down 8%. Net income rose to $323 million, or $0.74 per diluted share, and the company raised its full-year 2025 outlook for Adjusted EBITDA and AFFO, while the pending $8.5 billion sale of its Fiber Business is expected to close in the first half of 2026.
Q3 2025 site rental revenues were $1,012 million versus $1,066 million in Q3 2024; AFFO was $490 million, or $1.12 per share, down 7%.
Q3 2025 net income was $323 million ($0.74 per diluted share) versus $303 million ($0.70) a year earlier.
Full-year 2025 outlook midpoint for Adjusted EBITDA rose $30 million to $2,835 million, and AFFO per share midpoint rose $0.09 to $4.29.
The Fiber Business sale to EQT and Zayo for $8.5 billion is expected to close in the first half of 2026; Q3 common dividends were $1.0625 per share, down 32% from a year earlier.
Crown Castle said Christian H. Hillabrant began work as President and Chief Executive Officer on September 15, 2025, after the Board previously appointed him in an August 4, 2025 disclosure. The Board also expanded its size to 10 members and appointed him as a director effective the same day.
Christian H. Hillabrant became President and CEO and a director effective September 15, 2025.
The Board expanded from its prior size to 10 members, effective immediately before the appointment.
The filing states no arrangement with other persons for his board selection and no related party transactions reportable under Item 404(a).
Crown Castle appointed Christian Hillabrant, former CEO of Vantage Towers AG, as President and CEO, effective September 15, 2025, replacing Interim CEO Daniel Schlanger, who will become Chief Transformation Officer. The filing also sets out a compensation package including a $1,000,000 base salary and make-whole awards, and it does not report any financial results.
Hillabrant starts as CEO on an expected September 15, 2025, and is expected to join the Board at that time.
Base salary for 2025 is $1,000,000, prorated from the start date; one-time make-whole bonus of $800,000 and make-whole RSUs of about $7,000,000.
Target annual incentive is 200% of base salary; 2025 annual RSUs of about $5,250,000, with a $10,500,000 target grant value expected for 2026.
Schlanger will oversee completion of the sale of the small cells and fiber solutions businesses, expected to close in the first half of 2026.
Crown Castle reported second-quarter 2025 results and raised its full-year 2025 outlook, with net income and diluted earnings per share up from a year earlier. Site rental revenues, Adjusted EBITDA and AFFO declined, and the company is selling its fiber and small cells businesses for $8.5 billion, with closing expected in the first half of 2026. Results exclude the Fiber Business, which is presented as discontinued operations.
Q2 2025 site rental revenues were $1,008 million, down 5% from $1,064 million in Q2 2024.
Q2 2025 net income was $291 million, or $0.67 per diluted share, versus $251 million, or $0.58, a year earlier.
Q2 2025 Adjusted EBITDA was $705 million, down 3% from $727 million; AFFO was $444 million, or $1.02 per share.
Full-year 2025 AFFO outlook midpoint rose $35 million to $1,830 million; Adjusted EBITDA midpoint rose $25 million to $2,805 million.
Crown Castle reported first-quarter 2025 results with a net loss of $464 million, compared with net income of $311 million a year earlier, driven by an $830 million loss tied to its agreement to sell the Fiber Business. Site rental revenues fell 5% to $1,011 million and Adjusted EBITDA fell 4% to $722 million, though the company kept its full-year 2025 outlook unchanged and said it expects to reduce its annualized dividend to $4.25 per share in the second quarter.
Q1 2025 net loss of $464 million, or $(1.07) per diluted share, versus net income of $311 million in Q1 2024
Site rental revenues of $1,011 million, down 5%; Adjusted EBITDA of $722 million, down 4%; AFFO of $479 million, or $1.10 per share, down 1%
Full-year 2025 outlook maintained, including AFFO of $1,770 million to $1,820 million
Fiber Business sale to EQT and Zayo for $8.5 billion in aggregate is expected to close in the first half of 2026
Crown Castle disclosed that Steven J. Moskowitz, its former President and Chief Executive Officer, resigned from the Board of Directors on April 10, 2025, effective immediately. The filing does not state a reason for the resignation or name a replacement director.
Steven J. Moskowitz resigned from the Board of Directors effective immediately on April 10, 2025.
Moskowitz is described in the filing as the company's former President and Chief Executive Officer.
The 8-K was filed April 11, 2025, under Item 5.02 and is signed by Executive Vice President and General Counsel Edward B. Adams, Jr.
Crown Castle disclosed that Edmond Chan will stop serving as Executive Vice President and Chief Information Officer effective April 18, 2025. The filing does not give a reason for the change or name a successor, and it contains no financial results.
Edmond Chan ceases as Executive Vice President and Chief Information Officer effective April 18, 2025
The filing does not state a reason for the departure or name a replacement
The 8-K was signed April 2, 2025 by Edward B. Adams, Jr., Executive Vice President and General Counsel
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