Crown Castle(US:CCI) Globenewswireยท2025-07-23 20:15Core Insights - Crown Castle Inc. reported solid operational performance in Q2 2025, with an increase in leasing activity and an updated full year 2025 Outlook reflecting progress on key priorities [3][9][11] - The company anticipates organic growth of 4.7% for the full year 2025, excluding the impact of Sprint Cancellations, alongside a $10 million reduction in overhead costs [3][12][15] Financial Results - For Q2 2025, site rental revenues were $1,008 million, a decrease of 5% from $1,064 million in Q2 2024 [5][10] - Net income for Q2 2025 was $291 million, up 16% from $251 million in Q2 2024, with diluted earnings per share increasing to $0.67 from $0.58 [5][10] - Adjusted EBITDA for Q2 2025 was $705 million, down from $727 million in Q2 2024, primarily due to lower site rental revenues [10][11] Full Year 2025 Outlook - The updated full year 2025 Outlook includes site rental revenues projected at $4,020 million, a slight increase from the previous outlook [2][12] - Net income is expected to range from $100 million to $380 million, with diluted earnings per share projected between $0.23 and $0.87 [12][52] - Adjusted EBITDA is forecasted to be between $2,780 million and $2,830 million, reflecting a $25 million increase from the previous outlook [12][15] Operational Highlights - The organic contribution to site rental billings for Q2 2025 was $45 million, representing 4.7% growth, adjusted for Sprint Cancellations [6][9] - The company has made progress on the sale of its small cells and fiber solutions businesses, expected to close in the first half of 2026 [3][9] Capital Expenditures and Dividends - Capital expenditures for Q2 2025 were $40 million, consistent with Q2 2024 [10] - Crown Castle paid approximately $463 million in common stock dividends during the quarter, a decrease of 32% on a per-share basis compared to the same period last year [10]