Form 10-Q · Quarterly report
Crown Castle 10-Q, filed Aug 5, 2026
- Filed
- CIK
- 0001051470
- Accession no.
- 0001051470-26-000074
Summary
Crown Castle completed the sale of its fiber solutions business to Zayo Group Holdings and its small cells business to EQT Active Core Infrastructure on May 1, 2026, receiving $8.4 billion in net cash proceeds. Crown Castle recognized a $280 million loss from disposal of discontinued operations in the second quarter of 2026 and $625 million for the six months ended June 30, 2026, and now reports a single segment consisting of its tower operations.
Key points
- Crown Castle received $8.4 billion in net cash proceeds from the sale, representing an $8.5 billion gross contractual purchase price less $124 million in preliminary purchase price adjustments still subject to post-closing settlement.
- Crown Castle recorded losses from disposal of discontinued operations of $280 million for the three months and $625 million for the six months ended June 30, 2026, primarily reflecting additional investment in the Fiber Business until closing and preliminary purchase price adjustments.
- Crown Castle owns, operates, and leases approximately 40,000 towers and other structures across the U.S.; site rental revenues were 96% of second quarter 2026 consolidated net revenues.
- For the six months ended June 30, 2026, approximately 93% of site rental revenues came from T-Mobile, AT&T, and Verizon Wireless, and the weighted-average remaining tenant contract term was about five years, representing roughly $22.1 billion of expected future cash inflows.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
ITEM 2.MANAGEMENT'S DISCUSSION Overview We own, operate and lease approximately 40,000 towers and other structures, such as rooftops (collectively, "towers") that are geographically dispersed throughout the U.S. The customers on our towers are referred to herein as "tenants." We provide access, including space or capacity, to our towers via long-term contracts in various forms, including lease, license, sublease and service agreements (collectively, "tenant contracts"). Site rental revenues represented 96% of our second quarter 2026 consolidated net revenues. The vast majority of our site rental revenues are of a recurring nature and are derived from long-term tenant contracts. …
An excerpt of the text as filed with the SEC, cut for length.
Readster writes AI-generated summaries of public filings for research purposes only. Summaries can be incomplete or wrong — check the original filing on SEC.gov before relying on it. Nothing here is investment, legal or medical advice.