Crown Castle Files 8-K/A to Reclassify Q3 2026 Financial Presentation

Executive Summary

Crown Castle Inc. (NYSE: CCI) filed an amended Current Report on Form 8-K/A to amend and supersede its prior Form 8-K filed on October 21, 2026. The amendment updates Exhibit 99.1 (Earnings Release) and Exhibit 99.2 (Supplemental Information Package) for the third quarter ended September 30, 2026, solely to align financial statement classifications with those reported in the Company's Form 10-Q for the same period.

Key Disclosures & Accounting Reclassifications

• Balance Sheet Reclassification: Reclassified $157 million from "Other intangible assets, net" into:
  • $90 million to "Operating lease right-of-use assets"
  • $67 million to "Other assets, net"
• Cash Flow Statement Reclassification: Reclassified the associated $157 million cash outflow from investing activities to operating activities, updating the respective subtotals for net cash provided by operating and investing activities.
• Operational Impact: The company noted that these reclassifications have no impact on total assets, condensed consolidated statements of operations, revenues, Net Income, Adjusted EBITDA, or AFFO metrics.

Third Quarter 2026 Financial Highlights (Unchanged)

• Site Rental Revenues: $966 million (down 5% YoY from $1,012 million).
• Net Income: $283 million (down 12% YoY from $323 million), or $0.67 per diluted share.
• Adjusted EBITDA: $673 million (down 6% YoY from $718 million).
• AFFO: $530 million (up 8% YoY from $490 million), or $1.24 per diluted share (up 11% YoY).
• Dividend: Paid $1.0625 per common share ($452 million aggregate).

Outlook Reaffirmation

Crown Castle reaffirmed its updated full-year 2026 outlook midpoint initially revised on October 21, 2026:

• Site Rental Revenues: $3,875 million
• Adjusted EBITDA: $2,715 million
• AFFO: $1,980 million ($4.60 per share)