Core Insights - Crown Castle Inc. (CCI) reported second-quarter 2025 adjusted funds from operations (AFFO) per share of $1.02, exceeding the Zacks Consensus Estimate of $1.00, but reflecting a nearly 1% decline year over year [1][8] - The company experienced a rise in services and other revenues year over year, while site rental revenues saw a decline [1][8] - CCI has raised its outlook for 2025, indicating positive adjustments in expectations for AFFO and site rental revenues [6][8] Financial Performance - CCI's net revenues for the quarter were $1.06 billion, surpassing the Zacks Consensus Estimate of $1.04 billion, but down 4.2% year over year [2] - Total site rental revenues decreased by 5.3% year over year to $1.00 billion, attributed to a $16 million decrease in amortization of prepaid rent and a $34 million decrease in straight-lined revenues [3] - Services and other revenues increased by 20.9% year over year to $52 million, exceeding the estimate of $51.5 million [4] - Adjusted EBITDA for the quarter was $705 million, down 3% year over year [4] Financial Position - As of June 30, 2025, CCI had cash and cash equivalents of $94 million, an increase from $60 million as of March 31, 2025 [5] - Total debt and long-term obligations amounted to $22.04 billion, reflecting a 3.7% decrease sequentially [5] 2025 Guidance - CCI raised its guidance for 2025 AFFO per share to a range of $4.14-$4.25, compared to the previous range of $4.06-$4.17 [6] - The site rental revenue range was increased to $3.997-$4.042 billion from the prior range of $3.987-$4.032 billion [6] - Adjusted EBITDA is now estimated to be between $2.780-$2.830 billion, up from the previous range of $2.755-$2.805 billion [6]

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]