Amendment to Current Report (Form 8-K/A)

						NEWS RELEASE October 21, 2026 As amended November 4, 2026

			Contacts: Sunit Patel, CFO
			Hamilton West, VP Corp Finance & Treasurer
FOR IMMEDIATE RELEASE			Crown Castle Inc.
			713-570-3050

CROWN CASTLE REPORTS THIRD QUARTER 2026 RESULTS AND UPDATES OUTLOOK FOR FULL YEAR 2026

Explanatory Note: This earnings release has been amended solely to reclassify $157 million paid during the third quarter of 2026. In the condensed consolidated balance sheet, the amount has been reclassified from "Other intangible assets, net," with $90 million reclassified to "Operating lease right-of-use assets" and $67 million reclassified to "Other assets, net." The related cash outflow has also been reclassified from investing activities to operating activities in the condensed consolidated statement of cash flows. The reclassification has no effect on total assets or the condensed consolidated statement of operations. Except for these classification changes and the resulting changes to the applicable subtotals within the condensed consolidated statement of cash flows, no other information presented in this earnings release has changed.

October 21, 2026 - HOUSTON, TEXAS - Crown Castle Inc. (NYSE: CCI) ("Crown Castle") today reported results for the third quarter ended September 30, 2026, and updated its full year 2026 Outlook, as reflected in the table below.

(dollars in millions, except per share amounts)			Current Full Year 2026 Outlook Midpoint(a)			Full Year 2025 Actual			% Change			Previous Full Year 2026 Outlook(b)			Current Compared to Previous Outlook
Site rental revenues(c)			$3,875			$4,049			(4)%			$3,855			$20
Net income (loss)			$895			$444			102%			$870			$25
Net income (loss) per share-diluted			$2.08			$1.01			106%			$2.02			$0.06
Adjusted EBITDA(c)(d)			$2,715			$2,863			(5)%			$2,690			$25
AFFO(c)(d)			$1,980			$1,904			4%			$1,975			$5
AFFO per share(c)(d)			$4.60			$4.36			6%			$4.59			$0.01

(a)Reflects midpoint of full year 2026 Outlook as issued on October 21, 2026.

(b)Reflects midpoint of previous full year 2026 Outlook as issued on July 22, 2026.

(c)Excludes amounts related to the Fiber Business (as defined in "Non-GAAP Measures and Other Information"), which are presented in discontinued operations through April 30, 2026.

(d)See "Non-GAAP Measures and Other Information" for further information and reconciliation of non-GAAP financial measures to net income (loss), including on a per share basis.

"In the third quarter, we improved margins and strengthened our customer relationships including the completion of an agreement with a key customer," said Chris Hillabrant, Crown Castle's President and Chief Executive Officer. "As we look ahead, we remain focused on becoming a best-in-class U.S. tower operator by driving additional operating efficiencies, modernizing our systems, and increasing our land ownership under our

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towers. We believe our pure-play U.S. tower strategy, disciplined capital allocation framework, and investment-grade balance sheet position us to deliver attractive long-term shareholder returns."

RESULTS FROM THE QUARTER

(dollars in millions, except per share amounts)			Q3 2026			Q3 2025			Change			% Change
Site rental revenues(a)			$966			$1,012			$(46)			(5)%
Net income (loss)			$283			$323			$(40)			(12)%
Net income (loss) per share-diluted			$0.67			$0.74			$(0.07)			(9)%
Adjusted EBITDA(a)(b)			$673			$718			$(45)			(6)%
AFFO(a)(b)			$530			$490			$40			8%
AFFO per share(a)(b)			$1.24			$1.12			$0.12			11%

(a)Excludes amounts related to the Fiber Business (as defined in "Non-GAAP Measures and Other Information"), which are presented in discontinued operations through April 30, 2026.

(b)See "Non-GAAP Measures and Other Information" for further information and reconciliation of non-GAAP financial measures to net income (loss), including on a per share basis.

HIGHLIGHTS FROM THE QUARTER

•Site rental revenues. Organic Contribution to Site Rental Billings in the third quarter 2026 was $35 million, or 3.5% organic growth, excluding an unfavorable $61 million and $5 million impact from DISH Terminations and Sprint Cancellations, respectively. Organic growth increases to 3.8% if DISH revenues are excluded from prior year site rental billings, which compares to 4.1% in the third quarter 2025 on a comparable basis. Site rental revenues were negatively impacted by a $3 million decrease in amortization of prepaid rent and a $14 million decrease in straight-lined revenues, resulting in a decline in site rental revenues of $46 million, or 4.5%, from third quarter 2025 to third quarter 2026. The following table outlines the components of Organic Contribution to Site Rental Billings, excluding the impact of DISH and the Sprint Cancellations, and the respective percentage of prior period site rental billings, excluding prior year site rental billings to DISH.

($ in millions; totals may not sum due to rounding)						Current Full Year 2026 Outlook Midpoint(a)									Q3 2026									Q3 2025(c)
Core leasing activity(b)						$65			1.8%						$16			1.8%						$20			2.1%
Escalators						$100			2.7%						$25			2.7%						$24			2.6%
Non-renewals(b)						$(30)			(0.8)%						$(7)			(0.7)%						$(7)			(0.7)%
Change in other billings(b)						$-			-%						$-			0.0%						$2			0.2%
Organic Contribution to Site Rental Billings as Adjusted for Impact of Sprint Cancellations and DISH Terminations(b)						$135			3.6%						$35			3.8%						$39			4.1%

(a)As issued on October 21, 2026.

(b)See "Non-GAAP Measures and Other Information" for our definitions of core leasing activity, non-renewals, other billings and Organic Contribution to Site Rental Billings as Adjusted for Impact of Sprint Cancellations and DISH Terminations.

(c)Amounts have been recast to exclude DISH contributions to the components of Organic Contribution to Site Rental Billings.

•Net income (loss). Net income (loss) for the third quarter 2026 was $283 million compared to $323 million for the third quarter 2025.

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•Adjusted EBITDA. Third quarter 2026 Adjusted EBITDA was $673 million compared to $718 million for the third quarter 2025. The decrease in the quarter was primarily a result of the lower contribution from site rental revenues discussed above and lower services contribution, partially offset by lower selling, general and administrative expenses.

•AFFO and AFFO per share. Third quarter 2026 AFFO was $530 million, or $1.24 per share, representing increases of 8% and 11%, respectively, from third quarter 2025. The increase in the quarter was primarily a result of decreases in interest expense and outstanding common stock resulting from the use of proceeds from the sale of our Fiber and Small Cell businesses partially offset by the changes in revenue discussed above.

•Capital expenditures. Capital expenditures during the third quarter were $66 million, composed of $58 million of discretionary capital expenditures and $8 million of sustaining capital expenditures. The $66 million of capital expenditures increased 57% compared to $42 million of capital expenditures from continuing operations during third quarter 2025, primarily driven by a $24 million increase in land capital expenditures.

•Common stock dividend. During the quarter, Crown Castle paid common stock dividends of approximately $452 million in the aggregate, or $1.0625 per common share, unchanged on a per share basis compared to the same period a year ago.

"We are increasing our full year 2026 guide for Adjusted EBITDA by $25 million and AFFO by $5 million to reflect higher ground lease buyout activity, additional operational efficiencies, and the impact of a customer agreement," said Sunit Patel, Crown Castle's Chief Financial Officer. "In the quarter we acquired an outstanding residual economic interest on a subset of our tower sites and extended the term of a significant customer on those sites. We ended the third quarter with a strong balance sheet, including 97% fixed rate debt, a weighted average debt maturity of approximately 7 years, and approximately $3.9 billion of availability under our revolving credit facility."

OUTLOOK

This Outlook section contains forward-looking statements, and actual results may differ materially. Information regarding potential risks which could cause actual results to differ from the forward-looking statements herein is set forth below and in Crown Castle's filings with the SEC.

The following table sets forth Crown Castle's current full year 2026 Outlook, which includes the following key updates from the previous Outlook issued on July 22, 2026:

•We expect to finish the year towards the bottom end of the $60 million to $70 million full year 2026 Outlook range for core leasing activity.

•A $20 million increase to site rental revenues from higher straight-lined revenues related to contractual term extensions.

•A $5 million decrease in site rental cost of operations from higher ground lease buyout activity and additional operational efficiencies.

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•A $40 million increase in discretionary capital expenditures from higher ground lease buyout activity.

(in millions, except per share amounts)						Full Year 2026 Outlook(a)												Changes to Midpoint from Previous Outlook(b)
Site rental billings(c)						$3,805			to			$3,835						$-
Amortization of prepaid rent						65			to			95						-
Straight-lined revenues						(55)			to			(25)						20
Other revenues						15			to			15						-
Site rental revenues						3,853			to			3,898						20
Site rental costs of operations(d)						963			to			1,008						(5)
Services and other gross margin						70			to			100						-
Net income (loss)(e)						755			to			1,035						25
Net income (loss) per share-diluted(e)						1.76			to			2.41						0.06
Adjusted EBITDA(c)						2,690			to			2,740						25
Depreciation, amortization and accretion						627			to			722						-
Interest expense and amortization of deferred financing costs, net(f)						787			to			832						-
Income (loss) from discontinued operations, net of tax(g)						(360)			to			(80)						-
FFO(c)						1,755			to			1,785						25
AFFO(c)						1,955			to			2,005						5
AFFO per share(c)						4.54			to			4.66						0.01
Discretionary capital expenditures(c)						190			to			290						40

(a)As issued on October 21, 2026.

(b)As issued on July 22, 2026.

(c)See "Non-GAAP Measures and Other Information" for further information and reconciliation of non-GAAP financial measures to net income (loss), including on a per share basis, and for our definitions of site rental billings and discretionary capital expenditures.

(d)Exclusive of depreciation, amortization and accretion.

(e)Includes contribution from discontinued operations through April 30, 2026.

(f)See "Non-GAAP Measures and Other Information" for the reconciliation of "Outlook for Components of Interest Expense."

(g)Represents expected results from the Fiber Business, including the estimated loss on disposal, through April 30, 2026.

•The following chart reconciles the components contributing to the expected 2026 decrease in site rental revenues.

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•Full year 2026 Organic Contribution to Site Rental Billings, excluding the impact of DISH Terminations and Sprint Cancellations, is expected to remain unchanged at approximately $135 million, or 3.4%, at the midpoint, or 3.6% if DISH revenues are excluded from prior year site rental billings.

•Straight-lined revenues are expected to be $20 million higher due to contractual term extensions, resulting in a $20 million increase in full year growth in 2026 site rental revenues at the midpoint.

•The chart below reconciles the components of expected growth in AFFO from 2025 to 2026 of approximately $75 million at the midpoint.

•Expenses impacting AFFO are expected to decrease approximately $5 million from the previous full year 2026 Outlook due to higher ground lease buyout activity and additional operational efficiencies, resulting in a $5 million increase to full year 2026 Outlook for AFFO growth at the midpoint.

Additional information is available in Crown Castle's quarterly Supplemental Information Package posted in the Investors section of our website.

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CONFERENCE CALL DETAILS

Crown Castle has scheduled a conference call for Wednesday, October 21, 2026, at 4:45 p.m. Eastern time to discuss its third quarter 2026 results. A listen only live audio webcast of the conference call, along with supplemental materials for the call, can be accessed on the Crown Castle website at https://investor.crowncastle.com. Participants may join the conference call by dialing 833-816-1115 (Toll Free) or 412-317-0694 (International) at least 30 minutes prior to the start time. All dial-in participants should ask to join the Crown Castle call.

A replay of the webcast will be available on the Investor page of Crown Castle's website until end of day, Thursday, October 21, 2027.

ABOUT CROWN CASTLE

Crown Castle owns, operates and leases approximately 40,000 cell towers across the U.S. This nationwide portfolio serves as the foundation of wireless connectivity that provides cities and communities access to essential data, technology and wireless service - bringing information, ideas, innovations and the connectivity of modern life to help people and businesses thrive. For more information on Crown Castle, please visit www.crowncastle.com.

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Non-GAAP Measures and Other Information