Key Takeaways CCI posted Q2 AFFO per share of $1.02, beating estimates but down nearly 1% year over year.Site rental revenues fell 5.3% Y/Y, while services and other revenues rose 20.9% to $52 million.Crown Castle raised its 2025 AFFO per share, site rental revenues & adjusted EBITDA outlooks.Crown Castle Inc. (CCI) reported second-quarter 2025 adjusted funds from operations (AFFO) per share of $1.02, which beat the Zacks Consensus Estimate of $1.00. However, the figure declined nearly 1% year over year.Res ...

For the quarter ended June 2025, Crown Castle (CCI) reported revenue of $1.06 billion, down 34.8% over the same period last year. EPS came in at $1.02, compared to $0.58 in the year-ago quarter. The reported revenue represents a surprise of +2.14% over the Zacks Consensus Estimate of $1.04 billion. With the consensus EPS estimate being $1.00, the EPS surprise was +2%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expec ...

Core Insights - Crown Castle Inc. (CCI) reported first-quarter 2025 adjusted funds from operations (AFFO) per share of $1.10, exceeding the Zacks Consensus Estimate of $1.02, but reflecting a nearly 1% decline year over year [1] - The company maintained its 2025 guidance for AFFO per share in the range of $4.06-$4.17, while the Zacks Consensus Estimate stands at $4.47, above the projected range [6] Financial Performance - CCI's net revenues for the first quarter were $1.06 billion, surpassing the Zacks Consensus Estimate of $1.04 billion, but down 4.8% year over year [2] - Total site rental revenues decreased by 5.3% year over year to $1.01 billion, attributed to a $16 million decrease in amortization of prepaid rent and a $39 million decrease in straight-lined revenues [3] - Services and other revenues increased by 8.7% year over year to $50 million, exceeding the estimate of $44.4 million [4] - Adjusted EBITDA for the quarter was $722 million, down 4.2% year over year [4] Financial Position - As of March 31, 2025, CCI had cash and cash equivalents of $60 million, a decrease from $100 million as of December 31, 2024 [5] - Total debt and long-term obligations amounted to $22.87 billion, reflecting a 2.5% sequential decrease [5] Guidance and Outlook - CCI reaffirmed its site rental revenue guidance for 2025 to be between $3.987 billion and $4.032 billion, with adjusted EBITDA estimated in the range of $2.755-$2.805 billion [6] - Contributions from the Fiber Business are included in net income but excluded from other results and outlook components due to its classification as discontinued operations [7]