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HOUSTON - Crown Castle Inc. (NYSE:CCI) reported second quarter earnings that exceeded analyst expectations, as the tower operator benefited from higher leasing activity and improved operational efficiency.
The company posted Q2 earnings per share of $0.67, significantly above the analyst estimate of $0.48. Revenue came in at $1.08 billion, surpassing the consensus estimate of $1.04 billion. The strong performance was driven by organic growth of 4.7% in site rental billings, excluding the impact of Sprint cancellations.
"With strong operational performance and higher leasing activity from our customers as they continue to augment capacity in their networks, we delivered solid results in the second quarter and increased our full year 2025 Outlook," stated Dan Schlanger, Crown Castle’s Interim President and Chief Executive Officer.
Crown Castle raised its full-year 2025 guidance, now expecting adjusted EBITDA of $2.78-$2.83 billion (up $25 million from previous outlook) and AFFO per share of $4.14-$4.25 (up $0.08). The improved outlook reflects a $10 million increase in site rental revenues, a $10 million reduction in overhead costs, and a $5 million increase in services gross margin.
The company continues to make progress on its previously announced sale of its small cells and fiber solutions businesses, which it expects to close in the first half of 2026. This transaction is part of Crown Castle’s strategy to focus on its core tower business.
"Our focus on operations and execution has positioned us to increase our outlook for full year 2025 while keeping us on track to close the sale transaction in the first half of 2026," said Sunit Patel, Crown Castle’s Executive Vice President and Chief Financial Officer.
The company maintained its quarterly dividend of $1.0625 per share, which represents a 32% decrease from the same period last year, reflecting its previously announced capital allocation framework that balances shareholder returns with financial flexibility.
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