Exhibit 99.2

Supplemental Information Package

and Non-GAAP Reconciliations

Third Quarter • September 30, 2026

    The pathway to possible.

    CrownCastle.com

---

Crown Castle Inc.

Third Quarter 2026

TABLE OF CONTENTS
			Page
Company Overview
Company Profile			3
Strategy			3
General Company Information			4
Tower Asset Portfolio Footprint			4
Historical Common Stock Data			4
Executive Management Team			5
Board of Directors			5
Research Coverage			5
Outlook
Outlook			6
Outlook for Components of Changes in Site Rental Revenues			7
Outlook for Components of Interest Expense			7
Financial Highlights
Summary Financial Highlights			8
Components of Changes in Site Rental Revenues			9
Summary of Capital Expenditures			10
Portfolio Highlights			10
Consolidated Return on Invested Capital			11
Cash Yield on Invested Capital			11
Tenant Overview			12
Annualized Rental Cash Payments at Time of Renewal			12
Projected Revenues from Tenant Contracts Associated with Active Licenses			12
Projected Expenses from Existing Ground Leases			13
Summary of Tower Portfolio by Vintage			13
Ground Interest Overview			13
Capitalization Overview
Capitalization Overview			14
Debt Maturity Overview			15
Liquidity Overview			16
Summary of Maintenance and Financial Covenants			16
Interest Rate Exposure			17
Components of Interest Expense			17
Appendix of Condensed Consolidated Financial Statements and Non-GAAP Reconciliations			18

1

---

Crown Castle Inc.

Third Quarter 2026

Cautionary Language Regarding Forward-Looking Statements

This supplemental information package ("Supplement") contains forward-looking statements and information that are based on our management's current expectations as of the date of this Supplement. Statements that are not historical facts are hereby identified as forward-looking statements. Words such as "Outlook," "guide," "forecast," "estimate," "anticipate," "project," "plan," "intend," "believe," "expect," "likely," "predicted," "positioned," and any variations of these words and similar expressions are intended to identify such forward looking statements. Such statements include plans, projections and estimates regarding (1) demand for data and our towers, (2) cash flow growth, (3) our Outlook for full year 2026, (4) our business model, strategy and strategic position, and the value thereof, (5) revenues from tenant contracts, (6) expenses from existing ground leases, (7) growth of the U.S. market for towers ownership, (8) the impact of Sprint Cancellations and DISH Terminations to our operating and financial results and (9) proceeds from the sale of the Company's Fiber Business (as defined below).

Such forward-looking statements are subject to certain risks, uncertainties and assumptions, including, but not limited to, prevailing market conditions. Should one or more of these or other risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those expected. Crown Castle assumes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise. More information about potential risk factors which could affect our results is included in our filings with the Securities and Exchange Commission ("SEC"). Our filings with the SEC are available through the SEC website at www.sec.gov or through our investor relations website at investor.crowncastle.com. We use our investor relations website to disclose information about us that may be deemed to be material. We encourage investors, the media and others interested in us to visit our investor relations website from time to time to review up-to-date information or to sign up for e-mail alerts to be notified when new or updated information is posted on the site.

This Supplement contains certain figures, projections and calculations based in part on management's underlying assumptions. Management believes these assumptions are reasonable; however, other reasonable assumptions could provide differing outputs.

The components of forward looking financial information presented herein may not sum due to rounding. In addition, the sum of quarterly historical information presented herein may not agree to year to date historical information provided herein due to rounding. Throughout this document, percentage calculations, which are based on non-rounded dollar values, may not be able to be recalculated using the dollar values included in this document due to the rounding of those dollar values.

Definitions and reconciliations of non-GAAP financial measures, information regarding segment measures and other information are provided in the Appendix to this Supplement.

As used herein, the term "including" and any variation thereof, means "including without limitation." The use of the word "or" herein is not exclusive.

2

---

Crown Castle Inc.

Third Quarter 2026

COMPANY OVERVIEW

OUTLOOK

FINANCIAL HIGHLIGHTS

CAPITALIZATION OVERVIEW

APPENDIX

COMPANY PROFILE

Crown Castle Inc. (to which the terms "Crown Castle," "CCI," "we," "our," "the Company" or "us" as used herein refer) owns, operates and leases approximately 40,000 towers and other structures, such as rooftops (collectively, "towers") that are geographically dispersed throughout the U.S. We refer to our customers on our towers 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").

Our towers have a significant presence in each of the top 100 basic trading areas, including most U.S. markets. We seek to increase our site rental revenues by adding more tenants to our existing towers, which we expect to result in significant incremental cash flows due to our low incremental operating costs.

On May 1, 2026, the Company completed the sale of its small cells and fiber solutions businesses, together with certain supporting assets and personnel ("Fiber Business"). We received aggregate net cash proceeds of $8.4 billion, representing the gross contractual purchase price of $8.5 billion less the net impact of preliminary purchase price adjustments of $124 million, which are subject to a post-closing settlement process.

The results and net assets of the Fiber Business are presented within the financial statements as discontinued operations through April 30, 2026. Following the classification of the Fiber Business as discontinued operations, the Company has one reportable segment that constitutes consolidated results consisting of its towers operations. Unless otherwise noted and other than net income (loss) and net income (loss) per share, all activities and amounts reported below relate to the continuing operations of the Company and exclude activities and amounts related to discontinued operations.

We operate as a Real Estate Investment Trust ("REIT") for U.S. federal income tax purposes.

STRATEGY

As a leading provider of towers in the U.S., our strategy is to create long-term stockholder value via a combination of (1) growing cash flows generated from our existing portfolio of towers, (2) returning a meaningful portion of our cash generated by operating activities to our common stockholders in the form of dividends and share repurchases and (3) investing capital efficiently to grow cash flows. Our strategy is based, in part, on our belief that the U.S. is the most attractive market in the world for towers. We measure our efforts to create "long-term stockholder value" by the combined payments of dividends to stockholders and growth in our per-share results. The key elements of our strategy are to:

•Grow cash flows from our existing towers. We are focused on maximizing the recurring site rental cash flows generated from providing our tenants with long-term access to our towers, which we believe is the core driver of value for our stockholders. Tenant additions or modifications of existing tenant equipment (collectively, "tenant additions") enable our tenants to expand coverage and capacity in order to meet increasing demand for data while generating high incremental returns for our business. We believe our towers provide an efficient and cost-effective solution for our wireless tenants' growing networks that provides an opportunity to generate cash flows and increase stockholder return.

•Return cash generated by operating activities to stockholders in the form of dividends and share repurchases. We believe that distributing a meaningful portion of our cash generated by operating activities appropriately provides stockholders with increased certainty for a portion of expected long-term stockholder value while still allowing us to retain sufficient flexibility to invest in our business and deliver growth. We believe this decision reflects the translation of the high-quality, long-term contractual cash flows of our business into stable capital returns to stockholders.

•Invest capital efficiently to grow cash flows. In addition to adding tenants to our existing towers, we seek to invest our available capital, including the net cash generated by our operating activities and external financing sources, in a manner that will increase long-term stockholder value. These investments include acquisition of land interests, making improvements and structural enhancements to our existing towers, and constructing and acquiring new towers that we expect will generate future cash flow growth and attractive long-term returns by adding tenants to those assets over time.

Our strategy to create long-term stockholder value is based on our belief that there will be considerable future demand for our towers based on the location of our assets and the rapid and continuing growth in the demand for data. We believe that such demand for our towers will continue, will result in growth of our cash flows due to tenant additions on our existing towers, and will create other growth opportunities for us, such as demand for newly constructed or acquired towers, as described above. Further, we seek to augment the long-term value creation associated with growing our recurring site rental cash flows by offering certain ancillary site development services.

3

---

Crown Castle Inc.

Third Quarter 2026

COMPANY OVERVIEW

OUTLOOK

FINANCIAL HIGHLIGHTS

CAPITALIZATION OVERVIEW

APPENDIX

GENERAL COMPANY INFORMATION
Principal executive offices			8020 Katy Freeway, Houston, TX 77024
Common shares trading symbol			CCI
Stock exchange listing			New York Stock Exchange
Fiscal year ending date			December 31
Fitch - Long-term Issuer Default Rating			BBB
Moody’s - Long-term Corporate Family Rating			Baa3
Standard & Poor’s - Long-term Local Issuer Credit Rating			BBB

Note: These credit ratings may not reflect the potential risks relating to the structure or trading of the Company’s securities and are provided solely for informational purposes. Credit ratings are not recommendations to buy, sell or hold any security, and may be revised or withdrawn at any time by the issuing organization in its sole discretion. The Company does not undertake any obligation to maintain the ratings or to advise of any change in the ratings. Each agency’s rating should be evaluated independently of any other agency’s rating. An explanation of the significances of the ratings can be obtained from each of the ratings agencies.

TOWER ASSET PORTFOLIO FOOTPRINT

HISTORICAL COMMON STOCK DATA
						Three Months Ended
(in millions, except per share amounts)						9/30/25						12/31/25						3/31/26						6/30/26						9/30/26
High price(a)						$	108.97					$	95.69					$	88.56					$	92.64					$	79.68
Low price(a)						$	85.71					$	80.95					$	73.96					$	74.30					$	66.13
Period end closing price(b)						$	91.76					$	85.52					$	79.22					$	74.64					$	66.65
Dividends paid per common share						$	1.06					$	1.06					$	1.06					$	1.06					$	1.06
Volume weighted average price for the period(a)						$	95.09					$	87.57					$	82.69					$	85.45					$	74.17
Common shares outstanding, at period end						435						435						436						426						426
Market value of outstanding common shares, at period end(c)						$	39,960					$	37,243					$	34,569					$	31,780					$	28,358

(a)Based on the sales price, adjusted for common stock dividends, as reported by Bloomberg.

(b)Based on the period end closing price, adjusted for common stock dividends, as reported by Bloomberg.

(c)Calculated as the product of (1) common shares outstanding, at period end and (2) period end closing price, adjusted for common stock dividends, as reported by Bloomberg.

4

---

Crown Castle Inc.

Third Quarter 2026

COMPANY OVERVIEW

OUTLOOK

FINANCIAL HIGHLIGHTS

CAPITALIZATION OVERVIEW

APPENDIX

EXECUTIVE MANAGEMENT TEAM

Name

Position

Age

Years with Company

Christian H. Hillabrant

President and Chief Executive Officer

61

1

Sunit Patel

Executive Vice President and Chief Financial Officer

64

1

Edward B. Adams, Jr.

Executive Vice President and General Counsel

57

10

Timothy Grace

Executive Vice President and Chief Human Resources Officer

62

<1

Kristoffer L. Hinson

Executive Vice President and Chief Commercial Officer

43

3

Mark Lennon

Senior Vice President and Chief Information Officer

54

<1

BOARD OF DIRECTORS

Name

Position

Committees

Age

Years as Director

P. Robert Bartolo

Chair

Nominating and Governance, Finance

54

12

Andrea J. Goldsmith

Director

Compensation and Human Capital

62

8

Christian H. Hillabrant

Director

61

1

Tammy K. Jones

Director

Audit, Nominating and Governance, Finance

61

5

Kevin T. Kabat

Director

Compensation and Human Capital, Nominating and Governance

69

3

Anthony J. Melone

Director

Audit, Nominating and Governance

66

11

Katherine Motlagh

Director

Audit, Compensation and Human Capital, Finance

52

1

Kevin A. Stephens

Director

Audit, Compensation and Human Capital

65

5

Matthew Thornton III

Director

Audit, Compensation and Human Capital, Nominating and Governance

68

5

RESEARCH COVERAGE
Equity Research
Bank of America Michael Funk (646) 855-5664			Barclays Brendan Lynch (212) 526-9428			Bernstein Madison Rezaei (917) 344-8622
BMO Capital Markets Ari Klein (212) 885-4103			Citigroup Michael Rollins (212) 816-1116			Goldman Sachs Michael Ng (212) 902-8618
Green Street David Guarino (949) 640-8780			HSBC Luigi Minerva (207) 991-6928			Jefferies Jonathan Petersen (212) 284-1705
JMP Securities Greg Miller (212) 699-2917			JPMorgan Richard Choe (212) 622-6708			KeyBanc Brandon Nispel (503) 821-3871
MoffettNathanson Nick Del Deo (212) 519-0025			Morgan Stanley Cameron McVeigh (212) 761-4209			New Street Research David Barden (212) 921-9876
Raymond James Ric Prentiss (727) 567-2567			RBC Capital Markets Jonathan Atkin (415) 633-8589			Scotiabank Maher Yaghi (437) 995-5548
TD Cowen Michael Elias (646) 562-1358			Truist Securities Matthew Niknam (212) 326-6151			UBS Batya Levi (212) 713-8824
Wells Fargo Eric Luebchow (312) 630-2386			Wolfe Research Andrew Rosivach (646) 582-9350
Rating Agencies
Fitch Jeff Danforth (312) 368-5447			Moody’s Dilara Sukhov (212) 553-1438			Standard & Poor’s Allyn Arden (212) 438-7832

5

---

Crown Castle Inc.

Third Quarter 2026

COMPANY OVERVIEW

OUTLOOK

FINANCIAL HIGHLIGHTS

CAPITALIZATION OVERVIEW

APPENDIX

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

(a)As issued on October 21, 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, and for our definitions of site rental billings and discretionary capital expenditures.

(c)Exclusive of depreciation, amortization and accretion.

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

(e)See our reconciliation of "Outlook for Components of Interest Expense" for a discussion of non-cash interest expense.

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

6

---

Crown Castle Inc.

Third Quarter 2026

COMPANY OVERVIEW

OUTLOOK

FINANCIAL HIGHLIGHTS

CAPITALIZATION OVERVIEW

APPENDIX

OUTLOOK FOR COMPONENTS OF CHANGES IN SITE RENTAL REVENUES
(dollars in millions; totals may not sum due to rounding)			Full Year 2026 Outlook(a)
Components of changes in site rental revenues:
Prior year site rental billings excluding site rental billings to DISH(b)			$3,701
Prior year site rental billings to DISH(b)			222
Prior year site rental billings(b)			$3,923
Core leasing activity(b)			60			to			70
Escalators			95			to			105
Non-renewals(b)			(35)			to			(25)
Other billings(b)			—
Organic Contribution to Site Rental Billings as Adjusted for Impact of Sprint Cancellations and DISH Terminations(b)			120			to			150
Non-renewals associated with Sprint Cancellations(b)			(20)			to			(20)
Non-renewals associated with DISH Terminations(b)			(220)			to			(220)
Organic Contribution to Site Rental Billings(b)			(120)			to			(90)
Straight-lined revenues			(55)			to			(25)
Amortization of prepaid rent			65			to			95
Other revenues			15			to			15
Acquisitions(c)			—
Total site rental revenues			$3,853			to			$3,898
Year-over-year changes in revenues:(d)
Site rental revenues as a percentage of prior year site rental revenues			(4.3)%
Organic Contribution to Site Rental Billings as Adjusted for Impact of Sprint Cancellations and DISH Terminations as a percentage of prior year site rental billings excluding site rental billings to DISH(b)			3.6%
Organic Contribution to Site Rental Billings as Adjusted for Impact of Sprint Cancellations and DISH Terminations as a percentage of prior year site rental billings(b)			3.4%
Organic Contribution to Site Rental Billings as a percentage of prior year site rental billings(b)			(2.7)%

OUTLOOK FOR COMPONENTS OF INTEREST EXPENSE
(in millions)												Full Year 2026 Outlook(e)
Interest expense on debt obligations																		$770			to			$810
Amortization of deferred financing costs and adjustments on long-term debt																		25			to			35
Capitalized interest																		(15)			to			(5)
Interest expense and amortization of deferred financing costs, net																		$787			to			$832

(a)As issued on October 21, 2026.

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

(c)Represents the contribution from recent acquisitions. The financial impact of recent acquisitions is excluded from Organic Contribution to Site Rental Billings, including as Adjusted for Impact of Sprint Cancellations and DISH Terminations, until the one-year anniversary of such acquisitions.

(d)Calculated based on midpoint of full year 2026 Outlook, where applicable.

(e)As issued on October 21, 2026, and unchanged from previous full year 2026 Outlook issued on July 22, 2026.

7

---

Crown Castle Inc.

Third Quarter 2026

COMPANY OVERVIEW

OUTLOOK

FINANCIAL HIGHLIGHTS

CAPITALIZATION OVERVIEW

APPENDIX

SUMMARY FINANCIAL HIGHLIGHTS(a)
						2025																								2026
(in millions, except per share amounts; totals may not sum due to rounding)						Q1						Q2						Q3						Q4						Q1						Q2												Q3
Net revenues:
Site rental
Site rental billings(b)						$	964					$	961					$	996					$	1,002					$	940					$	945											$	965
Amortization of prepaid rent						25						23						23						28						21						21												20
Straight-lined revenues						19						20						(11)						(15)						(3)						(3)												(25)
Other revenues						4						4						4						4						4						4												5
Total site rental						1,011						1,008						1,012						1,019						961						967												966
Services and other						50						52						60						53						49						41												29
Net revenues						$	1,061					$	1,060					$	1,072					$	1,072					$	1,010					$	1,008											$	995
Select operating expenses:
Costs of operations(c)
Site rental exclusive of straight-lined expenses						$	225					$	236					$	235					$	238					$	226					$	236											$	235
Straight-lined expenses						15						15						15						14						14						13												13
Total site rental						240						251						250						252						240						249												248
Services and other						28						27						30						29						26						19												13
Total costs of operations						268						278						280						281						266						268												261
Selling, general and administrative						93						99						97						94						90						97												82
Net income (loss)						$	(464)					$	291					$	323					$	294					$	151					$	94											$	283
Adjusted EBITDA(b)						722						705						718						718						675						675												673
Depreciation, amortization and accretion						177						175						167						170						172						171												180
Interest expense and amortization of deferred financing costs, net						236						243						247						246						242						208												177
FFO(b)						451						429						443						442						383						464												442
AFFO(b)						479						444						490						489						446						488												530
Weighted-average common shares outstanding— diluted						436						437						437						437						437						434												426
Net income (loss) per share—diluted						$	(1.07)					$	0.67					$	0.74					$	0.67					$	0.34					$	0.22											$	0.67
AFFO per share(b)						$	1.10					$	1.02					$	1.12					$	1.12					$	1.02					$	1.13											$	1.24

(a)With the exception of net income (loss) and net income (loss) per share-diluted, dollar amounts are exclusive of the Fiber Business, which is presented in discontinued operations through April 30, 2026.

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

(c)Exclusive of depreciation, amortization and accretion, which are shown separately.

8

---

Crown Castle Inc.

Third Quarter 2026

COMPANY OVERVIEW

OUTLOOK

FINANCIAL HIGHLIGHTS

CAPITALIZATION OVERVIEW

APPENDIX

COMPONENTS OF CHANGES IN SITE RENTAL REVENUES(a)
						2025																								2026
(dollars in millions; totals may not sum due to rounding)						Q1						Q2						Q3						Q4						Q1						Q2									Q3
Components of changes in site rental revenues:
Prior year site rental billings excluding site rental billings to DISH(b)						$	930					$	928					$	947					$	957					$	915					$	912								$	935
Prior year site rental billings to DISH(b)						36						38						48						49						49						49									61
Prior year site rental billings(b)						$	966					$	966					$	995					$	1,006					$	964					$	961								$	996
Core leasing activity(b)						16						16						20						16						15						15									16
Escalators						24						24						24						24						25						25									25
Non-renewals(b)						(7)						(7)						(7)						(7)						(6)						(7)									(7)
Other billings(b)						3						2						2						—						(3)						5									—
Organic Contribution to Site Rental Billings as Adjusted for Impact of Sprint Cancellations and DISH Terminations(b)						36						34						39						34						30						38									35
Organic Contribution to Site Rental Billings associated with DISH Terminations(b)						13						11						13						13						(49)						(49)									(61)
Non-renewals associated with Sprint Cancellations(b)						(51)						(51)						(51)						(51)						(5)						(5)									(5)
Organic Contribution to Site Rental Billings(b)						(2)						(6)						1						(4)						(24)						(16)									(31)
Straight-lined revenues						19						20						(11)						(15)						(3)						(3)									(25)
Amortization of prepaid rent						25						23						23						28						21						21									20
Other revenues						4						4						4						4						4						4									5
Total site rental revenues						$	1,011					$	1,008					$	1,012					$	1,019					$	961					$	967								$	966
Year-over-year changes in revenues:
Site rental revenues as a percentage of prior year site rental revenues						(5.3)		%				(5.3)		%				(5.1)		%				(4.8)		%				(4.9)		%				(4.1)		%							(4.5)		%
Organic Contribution to Site Rental Billings as Adjusted for Impact of Sprint Cancellations and DISH Terminations as a percentage of prior year site rental billings excluding the prior year site rental billings to DISH(b)						3.9		%				3.7		%				4.1		%				3.6		%				3.3		%				4.2		%							3.8		%
Organic Contribution to Site Rental Billings as Adjusted for Impact of Sprint Cancellations and DISH Terminations as a percentage of prior year site rental billings(b)						3.7		%				3.5		%				3.9		%				3.4		%				3.1		%				3.9		%							3.5		%
Organic Contribution to Site Rental Billings as a percentage of prior year site rental billings(b)						(0.2)		%				(0.6)		%				0.1		%				(0.4)		%				(2.5)		%				(1.8)		%							(3.1)		%

(a)The financial impact of Fiber Business revenues is excluded, as these amounts are presented in discontinued operations through April 30, 2026.

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

9

---

Crown Castle Inc.

Third Quarter 2026

COMPANY OVERVIEW

OUTLOOK

FINANCIAL HIGHLIGHTS

CAPITALIZATION OVERVIEW

APPENDIX

SUMMARY OF CAPITAL EXPENDITURES(a)
						2025																								2026
(dollars in millions; totals may not sum due to rounding)						Q1						Q2						Q3						Q4						Q1						Q2												Q3
Discretionary capital expenditures:
Tower improvements and other capital projects						$	15					$	17					$	20					$	18					$	18					$	16											$	18
Purchases of land interests						18						16						16						27						32						36												40
Total discretionary capital expenditures						33						33						36						45						50						52												58
Sustaining capital expenditures						7						7						6						14						7						7												8
Total capital expenditures						40						40						42						59						57						59												66
Less: Prepaid rent additions(b)						10						11						11						11						14						9												10
Capital expenditures less prepaid rent additions						$	30					$	29					$	31					$	48					$	43					$	50											$	56

PORTFOLIO HIGHLIGHTS
(as of September 30, 2026)
Number of towers (in thousands)(c)			40
Average number of tenants per tower			2.0
Remaining contracted tenant receivables (in billions)(d)(e)			$	28
Weighted average remaining tenant contract term (years)(d)(f)			5
Percent of towers in the Top 50 / 100 Basic Trading Areas			56% / 71%
Percent of ground leased / owned(g)			57% / 43%
Weighted average maturity of ground leases (years)(g)(h)			35

(a)See our definitions of discretionary capital expenditures and sustaining capital expenditures in "Non-GAAP Measures and Other Information." Excludes amounts related to the Fiber Business, which are presented in discontinued operations through April 30, 2026.

(b)Reflects up-front consideration from long-term tenant contracts (commonly referred to as prepaid rent) that are amortized and recognized as revenue over the associated estimated lease term in accordance with GAAP.

(c)Excludes third-party land interests.

(d)Excludes renewal terms at tenants' option.

(e)Includes approximately $3.5 billion of contracted receivables related to DISH. See the Company's Form 8-K filed January 12, 2026, for additional information.

(f)Weighted by site rental revenues.

(g)Weighted by site rental gross margin exclusive of straight-lined revenues, amortization of prepaid rent and straight-lined expenses.

(h)Includes all renewal terms at the Company's option.

10

---

Crown Castle Inc.

Third Quarter 2026

COMPANY OVERVIEW

OUTLOOK

FINANCIAL HIGHLIGHTS

CAPITALIZATION OVERVIEW

APPENDIX

CONSOLIDATED RETURN ON INVESTED CAPITAL(a)(b)
(as of September 30, 2026; dollars in millions)						Q3 2026 LQA						Q3 2025 LQA
Adjusted EBITDA(c)						$	2,692					$	2,872
Cash taxes (paid) refunded						(12)						(10)
Adjusted EBITDA less cash taxes paid						$	2,680					$	2,862
Historical gross investment in property and equipment(d)						$	17,196					$	16,927
Historical gross investment in site rental revenue-related intangible assets						4,747						4,589
Historical gross investment in goodwill						5,127						5,127
Consolidated Invested Capital(a)						$	27,070					$	26,643
Consolidated Return on Invested Capital(a)						9.9		%				10.7		%

CASH YIELD ON INVESTED CAPITAL(a)(b)
(as of September 30, 2026; dollars in millions)						Q3 2026 LQA						Q3 2025 LQA
Adjusted Site Rental Gross Margin(c)						$	2,884					$	3,068
Less: Amortization of prepaid rent						(81)						(92)
Add (less): Straight-lined revenues						99						45
Add: Straight-lined expenses						40						44
Numerator						$	2,942					$	3,065
Net investment in property and equipment(e)						$	13,784					$	13,611
Investment in site rental revenue-related intangible assets						4,747						4,589
Investment in goodwill(f)						5,351						5,351
Net Invested Capital(a)						$	23,882					$	23,551
Cash Yield on Invested Capital(a)						12.3		%				13.0		%

(a)See "Non-GAAP Measures and Other Information" for further information on, and our definitions of, Consolidated Return on Invested Capital, Consolidated Invested Capital, Cash Yield on Invested Capital, and Net Invested Capital.

(b)Excludes amounts related to the Fiber Business, which are presented in discontinued operations through April 30, 2026.

(c)See "Non-GAAP Measures and Other Information" for further information and reconciliation of non-GAAP financial measures to net income (loss).

(d)Historical gross investment in property and equipment excludes the impact of construction in process.

(e)Net investment in property and equipment excludes the impact of construction in process and non-productive assets (such as information technology assets and buildings) and is reduced by the amount of prepaid rent received from tenants.

(f)Investment in goodwill excludes the impact of certain assets and liabilities recorded in connection with acquisitions.

11

---

Crown Castle Inc.

Third Quarter 2026

COMPANY OVERVIEW

OUTLOOK

FINANCIAL HIGHLIGHTS

CAPITALIZATION OVERVIEW

APPENDIX

TENANT OVERVIEW(a)
(as of September 30, 2026)						Percentage of Q3 2026 LQA Site Rental Revenues						Weighted Average Current Term Remaining(b)(c)
T-Mobile						42%						6
AT&T						28%						5
Verizon						23%						5
All Others Combined						7%						4
Total / Weighted Average						100%						5

ANNUALIZED RENTAL CASH PAYMENTS AT TIME OF RENEWAL(c)(d)
						Remaining Three Months						Years Ending December 31,
(as of September 30, 2026; in millions)						2026						2027						2028						2029						2030
T-Mobile						$	4					$	30					$	27					$	41					$	28
AT&T						—						13						643						188						91
Verizon						—						7						32						49						71
All Others Combined						1						41						33						32						58
Total						$	5					$	91					$	735					$	310					$	248

PROJECTED REVENUES FROM TENANT CONTRACTS ASSOCIATED WITH ACTIVE LICENSES(c)(e)
						Remaining Three Months						Years Ending December 31,
(as of September 30, 2026; in millions)						2026						2027						2028						2029						2030
Components of site rental revenues:
Site rental billings(f)						$	972					$	3,937					$	4,050					$	4,165					$	4,289
Amortization of prepaid rent						17						59						38						21						10
Straight-lined revenues						(9)						(98)						(175)						(169)						(256)
Other revenues						5						20						21						22						23
Site rental revenues						$	985					$	3,918					$	3,934					$	4,039					$	4,066

(a)Excludes amounts related to the Fiber Business, which are presented in discontinued operations through April 30, 2026.

(b)Weighted by site rental revenues and excludes renewals at the tenants' option.

(c)Excludes amounts associated with DISH. See the Company's Form 8-K filed January 12, 2026, for additional information.

(d)Reflects lease renewals by year by tenant; dollar amounts represent annualized cash site rental revenues from assumed renewals or extensions as reflected in "Projected Revenues from Tenant Contracts Associated with Active Licenses" below.

(e)Based on tenant licenses in place and active as of September 30, 2026. All tenant licenses are assumed to renew for a new term no later than the respective current term end date, and as such, projected revenues do not reflect the impact of estimated annual churn. CPI-linked tenant contracts are assumed to escalate at 3% per annum.

(f)See "Non-GAAP Measures and Other Information" for our definition of site rental billings.

12

---

Crown Castle Inc.

Third Quarter 2026

COMPANY OVERVIEW

OUTLOOK

FINANCIAL HIGHLIGHTS

CAPITALIZATION OVERVIEW

APPENDIX

PROJECTED EXPENSES FROM EXISTING GROUND LEASES(a)
						Remaining Three Months						Years Ending December 31,
(as of September 30, 2026; in millions)						2026						2027						2028						2029						2030
Components of ground lease expenses:
Ground lease expenses exclusive of straight-lined expenses						$	172					$	699					$	718					$	738					$	759
Straight-lined expenses						9						39						28						17						6
Ground lease expenses						$	181					$	738					$	746					$	755					$	765

SUMMARY OF TOWER PORTFOLIO BY VINTAGE(b)
(as of September 30, 2026; dollars in thousands)						Acquired and Built 2006 and Prior									Acquired and Built 2007 to Present
Cash yield(c)						19					%				10					%
Number of tenants per tower(d)						2.5									1.9
Last quarter annualized average cash site rental revenue per tower(e)						$	132								$	82
Last quarter annualized average site rental gross cash margin per tower(f)						$	113								$	58
Net invested capital per tower(g)						$	583								$	602
Number of towers						11,151									28,525

GROUND INTEREST OVERVIEW
(as of September 30, 2026; dollars in millions)						LQA Cash Site Rental Revenues(e)						Percentage of LQA Cash Site Rental Revenues(e)						LQA Site Rental Gross Cash Margin(f)						Percentage of LQA Site Rental Gross Cash Margin(f)						Number of Towers(h)						Percentage of Towers						Weighted Average Term Remaining (by years)(i)
Less than 10 years						$	429					11		%				$	233					8		%				5,389						14		%
10 to 20 years						$	561					15		%				$	351					12		%				6,108						15		%
Greater than 20 years						$	1,477					39		%				$	1,068					37		%				15,928						40		%
Total leased						$	2,467					65		%				$	1,652					57		%				27,425						69		%				35
Owned						$	1,345					35		%				$	1,265					43		%				12,251						31		%
Total / Average						$	3,812					100		%				$	2,917					100		%				39,676						100		%

(a)Based on existing ground leases as of September 30, 2026. CPI-linked contracts are assumed to escalate at 3% per annum.

(b)All tower portfolio figures are calculated exclusively for the Company's towers and rooftops and do not give effect to other activities.

(c)Cash yield is calculated as last quarter annualized site rental gross margin, exclusive of straight-lined revenues, amortization of prepaid rent, and straight-lined expenses, divided by invested capital net of the amount of prepaid rent received from tenants.

(d)Excludes DISH.

(e)Exclusive of straight-lined revenues and amortization of prepaid rent.

(f)Exclusive of straight-lined revenues, amortization of prepaid rent and straight-lined expenses.

(g)Reflects gross total assets (including incremental capital invested by the Company since time of acquisition or construction completion), less any prepaid rent. Inclusive of invested capital related to land at the tower site.

(h)Excludes third-party land interests.

(i)Includes all renewal terms at the Company's option and weighted by site rental gross margin exclusive of straight-lined revenues, amortization of prepaid rent and straight-lined expenses.

13

---

Crown Castle Inc.

Third Quarter 2026

COMPANY OVERVIEW

OUTLOOK

FINANCIAL HIGHLIGHTS

CAPITALIZATION OVERVIEW

APPENDIX

CAPITALIZATION OVERVIEW
(as of September 30, 2026; dollars in millions)						Face Value(a)						Fixed vs. Variable						Interest Rate(b)						Debt to LQA Adjusted EBITDA(c)									Maturity
Cash and cash equivalents and restricted cash and cash equivalents						$	305
Senior Secured Notes, Series 2009-1, Class A-2(d)						20						Fixed						9.0%															Aug. 2029
Senior Secured Tower Revenue Notes, Series 2018-2(e)						750						Fixed						4.2%															July 2048
Installment purchase liabilities and finance leases(f)						264						Fixed						Various															Various
Total secured debt						$	1,034											4.3%						0.4x
2026 Revolver(g)						450						Variable						4.9%															May 2031
Commercial Paper Notes(h)						100						Variable						4.4%															Various
2.900% Senior Notes						718						Fixed						2.9%															Mar. 2027
4.000% Senior Notes						500						Fixed						4.0%															Mar. 2027
3.650% Senior Notes						979						Fixed						3.7%															Sept. 2027
5.000% Senior Notes						977						Fixed						5.0%															Jan. 2028
3.800% Senior Notes						978						Fixed						3.8%															Feb. 2028
4.800% Senior Notes						597						Fixed						4.8%															Sept. 2028
4.300% Senior Notes						557						Fixed						4.3%															Feb. 2029
5.600% Senior Notes						696						Fixed						5.6%															June 2029
4.900% Senior Notes						546						Fixed						4.9%															Sept. 2029
3.100% Senior Notes						532						Fixed						3.1%															Nov. 2029
3.300% Senior Notes						709						Fixed						3.3%															July 2030
2.250% Senior Notes						1,044						Fixed						2.3%															Jan. 2031
2.100% Senior Notes						981						Fixed						2.1%															Apr. 2031
2.500% Senior Notes						726						Fixed						2.5%															July 2031
5.100% Senior Notes						739						Fixed						5.1%															May 2033
5.800% Senior Notes						705						Fixed						5.8%															Mar. 2034
5.200% Senior Notes						650						Fixed						5.2%															Sept. 2034
2.900% Senior Notes						1,219						Fixed						2.9%															Apr. 2041
4.750% Senior Notes						350						Fixed						4.8%															May 2047
5.200% Senior Notes						396						Fixed						5.2%															Feb. 2049
4.000% Senior Notes						341						Fixed						4.0%															Nov. 2049
4.150% Senior Notes						493						Fixed						4.2%															July 2050
3.250% Senior Notes						887						Fixed						3.3%															Jan. 2051
Total unsecured debt						$	16,870											3.9%						6.3x
Net Debt(c)						$	17,599											3.9%						6.5x
Market Capitalization(i)						28,358
Firm Value(j)						$	45,957

(a)Net of required principal amortizations and repurchases.

(b)Represents the weighted-average stated interest rate, as applicable, exclusive of finance leases and other obligations.

(c)Represents the applicable amount of debt divided by Last Quarter Annualized Adjusted EBITDA. See "Non-GAAP Measures and Other Information" for further information on, and our definitions and calculations of, Net Debt and Net Debt to Last Quarter Annualized Adjusted EBITDA.

(d)The Senior Secured Notes, 2009-1, Class A-2 principal amortizes over a period ending in August 2029.

(e)If the $750 million aggregate principal amount of 4.241% senior secured tower revenue notes ("Tower Revenue Notes, Series 2018-2") is not paid in full on or prior to July 2028, the anticipated repayment date, then the Excess Cash Flow (as defined in the indenture) of the issuers of such notes will be used to repay the principal, and additional interest (of approximately 5% per annum) will accrue on such notes. The Tower Revenue Notes, Series 2018-2, are prepayable at par if voluntarily repaid within eighteen months of the anticipated repayment date; earlier prepayment may require additional consideration.

(f)As of September 30, 2026, reflects $5 million in finance lease obligations (primarily related to vehicles).

(g)As of September 30, 2026, the undrawn availability under the $4.5 billion 2026 Revolver was $4.0 billion. The Company pays a commitment fee on the undrawn available amount, which as of September 30, 2026, ranged from 0.080% to 0.200%, based on the Company's senior unsecured debt rating, per annum.

(h)As of September 30, 2026, the Company had $1.9 billion available for issuance under the $2.0 billion unsecured commercial paper program ("CP Program"). The maturities of the Commercial Paper Notes ("CP Notes"), when outstanding, may vary but may not exceed 397 days from the date of issue.

(i)Market capitalization calculated based on $66.65 closing price and 426 million shares outstanding, in each case, as of September 30, 2026.

(j)Represents the sum of Net Debt and market capitalization.

14

---

Crown Castle Inc.

Third Quarter 2026

COMPANY OVERVIEW

OUTLOOK

FINANCIAL HIGHLIGHTS

CAPITALIZATION OVERVIEW

APPENDIX

DEBT MATURITY OVERVIEW(a)(b)

(as of September 30, 2026; in millions)

(a)Where applicable, maturities reflect the anticipated repayment date of the Tower Revenue Notes, Series 2018-2; excludes finance leases and other obligations; amounts presented at face value, net of required principal amortizations and repurchases held at the Company.

(b)The $100 million outstanding in CP Notes have been excluded from this overview. Amounts available under the CP Program may be borrowed, repaid and re-borrowed from time to time. We intend to maintain available commitments under our 2026 Revolver in an amount at least equal to the amount of CP Notes outstanding at any point in time.

15

---

Crown Castle Inc.

First Quarter 2025

COMPANY OVERVIEW

OUTLOOK

FINANCIAL  HIGHLIGHTS

CAPITALIZATION OVERVIEW

APPENDIX

LIQUIDITY OVERVIEW(a)
(in millions)						September 30, 2026
Cash and cash equivalents, and restricted cash and cash equivalents(b)						$	305
Undrawn 2026 Revolver availability(c)						4,018
Total debt and other obligations (current and non-current)(d)						17,796
Total equity (deficit)						(3,424)

SUMMARY OF MAINTENANCE AND FINANCIAL COVENANTS

Debt

Borrower / Issuer

Covenant(e)

Covenant Level Requirement

As of September 30, 2026

Maintenance Financial Covenants(f)

2026 Credit Facility

CCI

Total Net Leverage Ratio

≤ 7.00x

6.4x

2026 Credit Facility

CCI

Total Senior Secured Leverage Ratio

≤ 3.50x

0.3x

Financial covenants requiring excess cash flows to be deposited in a cash trap reserve account and not released

Tower Revenue Notes, Series 2018-2

Crown Castle Towers LLC and its Subsidiaries

Debt Service Coverage Ratio

> 1.75x

(g)

29.9x

2009 Securitized Notes

Pinnacle Towers Acquisition Holdings LLC and its Subsidiaries

Debt Service Coverage Ratio

> 1.30x

(g)

59.1x

Financial covenants restricting ability of relevant issuer to issue additional notes under the applicable indenture

Tower Revenue Notes, Series 2018-2

Crown Castle Towers LLC and its Subsidiaries

Debt Service Coverage Ratio

≥ 2.00x

(h)

29.9x

2009 Securitized Notes

Pinnacle Towers Acquisition Holdings LLC and its Subsidiaries

Debt Service Coverage Ratio

≥ 2.34x

(h)

59.1x

(a)In addition, we have the following sources of liquidity:

i.In March 2024, we established an at-the-market stock offering program ("ATM Program") through which we may, from time to time, issue and sell shares of our common stock having an aggregate gross sales price of up to $750 million to or through sales agents. No shares of common stock have been sold under the ATM Program.

ii.In April 2019, we established a CP Program through which we may issue short term, unsecured CP Notes. Amounts available under the CP Program may be issued, repaid and re-issued from time to time, with the aggregate principal amount of CP Notes outstanding under the CP Program at any time not to exceed $2.0 billion. As of September 30, 2026, there were $100 million CP Notes outstanding under our CP Program. We intend to maintain available commitments under our 2026 Revolver in an amount at least equal to the amount of CP Notes outstanding at any point in time.

(b)Inclusive of $5 million included within "Other assets, net" on our condensed consolidated balance sheet.

(c)Availability at any point in time is subject to reaffirmation of the representations and warranties in, and there being no default under, the credit agreement governing our 2026 Revolver.

(d)See "Non-GAAP Measures and Other Information" for further information on, and reconciliation to, Net Debt.

(e)As defined in the respective debt agreement. In the indentures for the Tower Revenue Notes, Series 2018-2 and the 2009 Securitized Notes, the defined term for Debt Service Coverage Ratio is "DSCR." Total Net Leverage Ratio, Total Senior Secured Leverage Ratio and all DSCR ratios are calculated using the trailing twelve months.

(f)Failure to comply with the financial maintenance covenants would, absent a waiver, result in an event of default under the credit agreement governing our 2026 Credit Facility.

(g)The Tower Revenue Notes, Series 2018-2 and 2009 Securitized Notes also include the potential for amortization events, which could result in applying current and future cash flow to the prepayment of debt with applicable prepayment consideration. An amortization event occurs when the Debt Service Coverage Ratio falls below 1.45x or 1.15x, in each case as described under the indentures for the Tower Revenue Notes, Series 2018-2 or 2009 Securitized Notes, respectively.

(h)Rating Agency Confirmation (as defined in the respective debt agreement) is required.

16

---

Crown Castle Inc.

First Quarter 2025

COMPANY OVERVIEW

OUTLOOK

FINANCIAL  HIGHLIGHTS

CAPITALIZATION OVERVIEW

APPENDIX

INTEREST RATE EXPOSURE(a)
(as of September 30, 2026; dollars in millions)
Fixed Rate Debt																		Floating Rate Debt
Face value of principal outstanding(b)						$17,090												Face value of principal outstanding(b)						$550
% of total debt						97%												% of total debt						3%
Weighted average interest rate						3.9%												Weighted average interest rate						4.8%
Upcoming maturities:						2026						2027						Interest rate sensitivity of 25 bps increase in interest rates:
Face value of principal outstanding(b)						$—						$2,197						Full year effect(c)						$1.4
Weighted average interest rate						—%						3.48%

COMPONENTS OF INTEREST EXPENSE
						2025																								2026
(in millions; totals may not sum due to rounding)						Q1						Q2						Q3						Q4						Q1						Q2												Q3
Interest expense on debt obligations						$	233					$	239					$	244					$	241					$	239					$	202											$	171
Amortization of deferred financing costs and adjustments on long-term debt						8						8						8						8						7						7												6
Capitalized interest						(5)						(4)						(5)						(3)						(4)						(1)												—
Interest expense and amortization of deferred financing costs, net						$	236					$	243					$	247					$	246					$	242					$	208											$	177

(a)Excludes installment purchase liabilities and finance leases; assumes no default.

(b)Net of required principal amortization and repurchases.

(c)Represents incremental interest expense over a 12-month period based on a hypothetical interest rate increase of 25 bps on face value of variable indebtedness outstanding as of September 30, 2026; assumes no debt maturities.

17

---

Crown Castle Inc.

Third Quarter 2026

COMPANY OVERVIEW

OUTLOOK

FINANCIAL HIGHLIGHTS

CAPITALIZATION OVERVIEW

APPENDIX

CONDENSED CONSOLIDATED BALANCE SHEET (Unaudited)
(in millions, except par values)						September 30, 2026						December 31, 2025
ASSETS
Current assets:
Cash and cash equivalents						$	133					$	99
Restricted cash and cash equivalents						167						170
Receivables, net						110						172
Prepaid expenses						90						79
Deferred site rental receivables						172						167
Other current assets						23						23
Current assets of discontinued operations						—						434
Total current assets						695						1,144
Deferred site rental receivables						2,253						2,288
Property and equipment, net						6,104						6,273
Operating lease right-of-use assets						5,370						5,473
Goodwill						5,127						5,127
Site rental contracts and tenant relationships						704						834
Other intangible assets, net						184						27
Other assets, net						173						61
Non-current assets of discontinued operations						—						10,291
Total assets						$	20,610					$	31,518
LIABILITIES AND EQUITY (DEFICIT)
Current liabilities:
Accounts payable						$	63					$	71
Accrued interest						138						235
Deferred revenues						137						192
Other accrued liabilities						170						168
Current maturities of debt and other obligations						2,238						2,783
Current portion of operating lease liabilities						258						268
Current liabilities of discontinued operations						—						762
Total current liabilities						3,004						4,479
Debt and other long-term obligations						15,558						21,554
Operating lease liabilities						4,868						4,961
Other long-term liabilities						604						607
Non-current liabilities of discontinued operations						—						1,552
Total liabilities						24,034						33,153
Commitments and contingencies
Stockholders' equity (deficit):
Common stock, 0.01 par value; 1,200 shares authorized; September 30, 2026—437 shares issued and 426 outstanding, and December 31, 2025—435 shares issued and outstanding						4						4
Additional paid-in capital						18,586						18,527
Treasury stock, at cost; September 30, 2026—11 shares, and December 31, 2025—0 shares						(1,000)						—
Accumulated other comprehensive income (loss)						(5)						(5)
Dividends/distributions in excess of earnings						(21,009)						(20,161)
Total equity (deficit)						(3,424)						(1,635)
Total liabilities and equity (deficit)						$	20,610					$	31,518

18

---

Crown Castle Inc.

Third Quarter 2026

COMPANY OVERVIEW

OUTLOOK

FINANCIAL HIGHLIGHTS

CAPITALIZATION OVERVIEW

APPENDIX

CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS (Unaudited)
						Three Months Ended September 30,												Nine Months Ended September 30,
(in millions, except per share amounts)						2026						2025						2026						2025
Net revenues:
Site rental						$	966					$	1,012					$	2,894					$	3,031
Services and other						29						60						119						162
Net revenues						995						1,072						3,013						3,193
Operating expenses:
Costs of operations:(a)
Site rental						248						250						737						741
Services and other						13						30						58						84
Selling, general and administrative						82						97						269						289
Asset write-down charges						1						3						6						7
Depreciation, amortization and accretion						180						167						523						520
Restructuring charges						6						—						20						—
Total operating expenses						530						547						1,613						1,641
Operating income (loss)						465						525						1,400						1,552
Interest expense and amortization of deferred financing costs, net						(177)						(247)						(627)						(726)
Gains (losses) on retirement of long-term obligations						—						—						24						—
Interest income						3						3						25						10
Other income (expense)						(3)						—						(5)						3
Income (loss) from continuing operations before income taxes						288						281						817						839
Benefit (provision) for income taxes						(5)						(4)						(14)						(13)
Income (loss) from continuing operations						$	283					$	277					$	803					$	826
Discontinued operations:
Income (loss) from discontinued operations before gain (loss) from disposal, net of tax						—						277						350						637
Gain (loss) from disposal of discontinued operations						—						(231)						(625)						(1,313)
Income (loss) from discontinued operations, net of tax						—						46						(275)						(676)
Net income (loss)						$	283					$	323					$	528					$	150
Net income (loss), per common share:
Income (loss) from continuing operations, basic						$	0.67					$	0.64					$	1.86					$	1.89
Income (loss) from discontinued operations, basic						—						0.10						(0.64)						(1.55)
Net income (loss)—basic						$	0.67					$	0.74					$	1.22					$	0.34
Income (loss) from continuing operations, diluted						$	0.67					$	0.64					$	1.86					$	1.89
Income (loss) from discontinued operations, diluted						—						0.10						(0.64)						(1.55)
Net income (loss)—diluted						$	0.67					$	0.74					$	1.22					$	0.34
Weighted-average common shares outstanding:
Basic						426						435						432						435
Diluted						426						437						433						436

(a)Exclusive of depreciation, amortization and accretion shown separately.

19

---

Crown Castle Inc.

Third Quarter 2026

COMPANY OVERVIEW

OUTLOOK

FINANCIAL HIGHLIGHTS

CAPITALIZATION OVERVIEW

APPENDIX

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited)
						Nine Months Ended September 30,
(in millions)						2026						2025
Cash flows from operating activities:
Net income (loss)						$	528					$	150
(Income) loss from discontinued operations before (gain) loss from disposal, net of tax						(350)						(637)
(Gain) loss from disposal of discontinued operations						625						1,313
Income (loss) from continuing operations						803						826
Adjustments to reconcile income (loss) from continuing operations to net cash provided by (used for) operating activities:
Depreciation, amortization and accretion						523						520
(Gains) losses on retirement of long-term obligations						(24)						—
Amortization of deferred financing costs and other non-cash interest						20						24
Stock-based compensation expense, net						65						55
Asset write-down charges						6						7
Deferred income tax (benefit) provision						5						1
Other non-cash adjustments, net						—						(4)
Net cash provided by (used for) operating activities from discontinued operations						108						897
Changes in assets and liabilities, excluding the effects of acquisitions:
Increase (decrease) in accrued interest						(97)						(84)
Increase (decrease) in accounts payable						—						15
Increase (decrease) in other liabilities						(83)						(42)
Decrease (increase) in receivables						16						5
Decrease (increase) in other assets						(89)						(33)
Net cash provided by (used for) operating activities						1,253						2,187
Cash flows from investing activities:
Capital expenditures						(182)						(123)
Acquisition of intangible assets						(157)						—
Other investing activities, net						—						5
Net cash provided by (used for) investing activities from discontinued operations(a)						8,089						(687)
Net cash provided by (used for) investing activities						7,750						(805)
Cash flows from financing activities:
Principal payments on debt and other long-term obligations						(56)						(89)
Purchases and redemptions of long-term debt						(4,191)						(1,200)
Borrowings under revolving credit facility						1,800						900
Payments under revolving credit facility						(2,295)						—
Net issuances (repayments) under commercial paper program						(1,831)						605
Payments for financing costs						(6)						—
Purchases of common stock						(1,043)						(23)
Dividends/distributions paid on common stock						(1,384)						(1,615)
Net cash provided by (used for) financing activities						(9,006)						(1,422)
Net increase (decrease) in cash and cash equivalents and restricted cash and cash equivalents						(3)						(40)
Effect of exchange rate changes on cash						—						—
Cash and cash equivalents and restricted cash and cash equivalents at beginning of period(b)						308						295
Cash and cash equivalents and restricted cash and cash equivalents at end of period(c)						$	305					$	255
Supplemental disclosure of cash flow information:
Interest paid						$	708					$	799
Income taxes paid (refunded)						$	12					$	12

(a)Inclusive of $8.4 billion of net cash proceeds from the completed sale of the Fiber Business in 2026.

(b)Inclusive of cash and cash equivalents and restricted cash and cash equivalents included in discontinued operations.

(c)Inclusive of cash and cash equivalents and restricted cash and cash equivalents included in discontinued operations for the period ending September 30, 2025.

20

---

Crown Castle Inc.

Third Quarter 2026

COMPANY OVERVIEW

OUTLOOK

FINANCIAL HIGHLIGHTS

CAPITALIZATION OVERVIEW

APPENDIX

NON-GAAP MEASURES AND OTHER INFORMATION

This Supplement includes presentations of Adjusted EBITDA, Adjusted Funds from Operations ("AFFO"), including per share amounts, Funds from Operations ("FFO"), including per share amounts, Organic Contribution to Site Rental Billings, (including as Adjusted for Impact of Sprint Cancellations and DISH Terminations), Adjusted Site Rental Gross Margin, Adjusted Services and Other Gross Margin, Net Debt, Net Debt to Last Quarter Annualized Adjusted EBITDA, Consolidated Return on Invested Capital, and Cash Yield on Invested Capital, which are non-GAAP financial measures. These non-GAAP financial measures are not intended as alternative measures of operating results or cash flow from operations (as determined in accordance with Generally Accepted Accounting Principles ("GAAP")).

Our non-GAAP financial measures may not be comparable to similarly titled measures of other companies, including other companies in the towers sector or other REITs.

In addition, we provide the components of certain GAAP measures, such as site rental revenues and capital expenditures.

Our non-GAAP financial measures are presented as additional information because management believes these measures are useful indicators of the financial performance of our business. Among other things, management believes that:

•Adjusted EBITDA is useful to investors or other interested parties in evaluating our financial performance. Adjusted EBITDA is a financial measure frequently used by management (1) to evaluate the economic productivity of our operations and (2) for purposes of making decisions about allocating resources to, and assessing the performance of, our operations. Management believes that Adjusted EBITDA helps investors or other interested parties meaningfully evaluate and compare the results of our operations (1) from period to period and (2) to our competitors, by removing the impact of our capital structure (primarily interest charges from our outstanding debt) and asset base (primarily depreciation, amortization and accretion) from our financial results. Management also believes Adjusted EBITDA is frequently used by investors or other interested parties in the evaluation of the towers sector and other REITs to measure financial performance without regard to items such as depreciation, amortization and accretion, which can vary depending upon accounting methods and the book value of assets. Adjusted EBITDA should be considered only as a supplement to net income (loss) computed in accordance with GAAP as a measure of our performance.

•AFFO, including per share amounts, is useful to investors or other interested parties in evaluating our financial performance. Management believes that AFFO helps investors or other interested parties meaningfully evaluate our financial performance as it includes (1) the impact of our capital structure (primarily interest expense on our outstanding debt and dividends on our preferred stock (in periods where applicable)) and (2) sustaining capital expenditures, and excludes the impact of our (1) asset base (primarily depreciation, amortization and accretion) and (2) certain non-cash items, including straight-lined revenues and expenses related to fixed escalations and rent free periods. GAAP requires rental revenues and expenses related to leases that contain specified rental increases over the life of the lease to be recognized evenly over the life of the lease. In accordance with GAAP, if payment terms call for fixed escalations or rent free periods, the (1) revenues are recognized on a straight-lined basis over the fixed, non-cancelable term of the tenant contract, and (2) expenses are recognized on a straight-lined basis over the estimated lease term including renewal options that are reasonably certain to be exercised. Management notes that Crown Castle uses AFFO only as a performance measure. AFFO should be considered only as a supplement to net income (loss) computed in accordance with GAAP as a measure of our performance and should not be considered as an alternative to cash flow from operations or as residual cash flow available for discretionary investment.

•FFO, including per share amounts, is useful to investors or other interested parties in evaluating our financial performance. Management believes that FFO may be used by investors or other interested parties as a basis to compare our financial performance with that of other REITs. FFO helps investors or other interested parties meaningfully evaluate financial performance by excluding the impact of our asset base (primarily real estate depreciation, amortization and accretion). FFO is not a key performance indicator used by Crown Castle. FFO should be considered only as a supplement to net income (loss) computed in accordance with GAAP as a measure of our performance and should not be considered as an alternative to cash flow from operations.

•Organic Contribution to Site Rental Billings (also referred to as organic growth) is useful to investors or other interested parties in understanding the components of the year-over-year changes in our site rental revenues computed in accordance with GAAP. Management uses Organic Contribution to Site Rental Billings to assess year-over-year growth rates for our rental activities, to evaluate current performance, to capture trends in rental rates, core leasing activities and tenant non-renewals in our core business, as well as to forecast future results. Separately, we are also disclosing Organic Contribution to Site Rental Billings as Adjusted for Sprint Cancellations and DISH Terminations, which is outside of ordinary course, to provide further insight into our results of operations and underlying trends. Management believes that identifying the impact of Sprint Cancellations and DISH Terminations provides increased transparency and comparability across periods. Organic Contribution to Site Rental Billings (including as Adjusted for Impact of Sprint Cancellations and DISH Terminations) is not meant as an alternative measure of revenue and should be considered only as a supplement in understanding and assessing the performance of our site rental revenues computed in accordance with GAAP.

•Adjusted Site Rental Gross Margin and Adjusted Services and Other Gross Margin are useful to investors or other interested parties in evaluating our financial performance. These measures are used by our management (1) to evaluate the economic productivity of our business, (2) to identify underlying business trends that are impacting our performance, and (3) for purposes of making decisions about allocating resources to, and assessing the performance of, our business. We also believe it helps investors and other interested parties meaningfully evaluate and compare the results of our operations from period to period.

21

---

Crown Castle Inc.

Third Quarter 2026

COMPANY OVERVIEW

OUTLOOK

FINANCIAL HIGHLIGHTS

CAPITALIZATION OVERVIEW

APPENDIX

•Net Debt is useful to investors or other interested parties in evaluating our overall debt position and future debt capacity. Management uses Net Debt in assessing our leverage. Net Debt is not meant as an alternative measure of debt and should be considered only as a supplement in understanding and assessing our leverage.

•Net Debt to Last Quarter Annualized Adjusted EBITDA is useful to investors or other interested parties, specifically credit rating agencies, in analyzing our operating performance in the context of targeted financial leverage. Management uses Net Debt to Last Quarter Annualized Adjusted EBITDA in assessing our leverage. Net Debt to Last Quarter Annualized Adjusted EBITDA is not meant as an alternative to GAAP measures such as debt and net income (loss) computed in accordance with GAAP. Net Debt to Last Quarter Annualized Adjusted EBITDA should be considered only as a supplement in understanding and assessing our leverage.

•Consolidated Return on Invested Capital and Cash Yield on Invested Capital are useful to investors or other interested parties in evaluating the financial performance of our assets. Management believes that these metrics are useful in assessing our efficiency at allocating capital to generate returns over time. Consolidated Return on Invested Capital and Cash Yield on Invested Capital are not meant as alternatives to GAAP measures such as revenues, operating income, and certain asset classes (such as property and equipment, site rental revenue-related intangible assets, primarily site rental contracts and tenant relationships, and goodwill) computed in accordance with GAAP. Such non-GAAP metrics should be considered only as a supplement in understanding and assessing the performance of our assets.

Non-GAAP Financial Measures

Adjusted EBITDA. We define Adjusted EBITDA as net income (loss) plus restructuring charges (credits), asset write-down charges, goodwill impairment charges, acquisition and integration costs, depreciation, amortization and accretion, amortization of prepaid lease purchase price adjustments, interest expense and amortization of deferred financing costs, net, (gains) losses on retirement of long-term obligations, net (gain) loss on interest rate swaps, (gains) losses on foreign currency swaps, impairment of available-for-sale securities, interest income, other (income) expense, (benefit) provision for income taxes, (income) loss from discontinued operations, net of tax, cumulative effect of a change in accounting principle and stock-based compensation expense, net.

AFFO. We define AFFO as FFO before straight-lined revenues, straight-lined expenses, stock-based compensation expense, net, non-cash portion of tax provision, non-real estate related depreciation, amortization and accretion, amortization of non-cash interest expense, other (income) expense, (gains) losses on retirement of long-term obligations, net (gain) loss on interest rate swaps, (gains) losses on foreign currency swaps, impairment of available-for-sale securities, acquisition and integration costs, restructuring charges (credits), cumulative effect of a change in accounting principle and adjustments for noncontrolling interests, less sustaining capital expenditures.

AFFO per share. We define AFFO per share as AFFO divided by diluted weighted-average common shares outstanding.

FFO. We define FFO as net income (loss) plus real estate related depreciation, amortization and accretion, asset write-down charges, goodwill impairment charges, and (income) loss from discontinued operations, net of tax, less noncontrolling interest and cash paid for preferred stock dividends (in periods where applicable), and is a measure of funds from operations attributable to common stockholders.

FFO per share. We define FFO per share as FFO divided by diluted weighted-average common shares outstanding.

Organic Contribution to Site Rental Billings. We define Organic Contribution to Site Rental Billings (also referred to as organic growth) as the sum of the change in site rental revenues related to core leasing activity, escalators and other billings, including those associated with DISH Terminations, less non-renewals of tenant contracts, including those associated with Sprint Cancellations, and DISH Terminations. Additionally, Organic Contribution to Site Rental Billings as Adjusted for Impact of Sprint Cancellations and DISH Terminations reflects Organic Contribution to Site Rental Billings plus non-renewals associated with Sprint Cancellations, less Organic Contribution to Site Rental Billings associated with DISH Terminations.

Net Debt. We define Net Debt as (1) debt and other long-term obligations and (2) current maturities of debt and other obligations, excluding unamortized adjustments, net, less cash and cash equivalents and restricted cash and cash equivalents.

Net Debt to Last Quarter Annualized Adjusted EBITDA. We define Net Debt to Last Quarter Annualized Adjusted EBITDA as Net Debt divided by the most recent quarter's Adjusted EBITDA multiplied by four.

Consolidated Invested Capital. We define Consolidated Invested Capital as the historical gross investment in (1) property and equipment (excluding the impact of construction in process and write-offs), (2) site rental revenue-related intangible assets, primarily site rental contracts and tenant relationships, and (3) goodwill (excluding impairment charges).

Consolidated Return on Invested Capital. We define Consolidated Return on Invested Capital as Adjusted EBITDA less cash taxes paid divided by Consolidated Invested Capital.

Net Invested Capital. We define Net Invested Capital as the investment in (1) property and equipment, excluding the impact of construction in process and non-productive assets (such as information technology assets and buildings) and write-offs, reduced by the amount of prepaid rent received from tenants, (2) site rental revenue-related intangible assets, primarily site rental contracts and tenant relationships, and (3) goodwill, excluding the impact of certain assets and liabilities recorded in connection with acquisitions and impairment charges.

Cash Yield on Invested Capital. We define Cash Yield on Invested Capital as Adjusted Site Rental Gross Margin adjusted for the impacts of (1) amortization of prepaid rent, (2) straight-lined revenues, and (3) straight-lined expenses divided by Net Invested Capital.

22

---

Crown Castle Inc.

Third Quarter 2026

COMPANY OVERVIEW

OUTLOOK

FINANCIAL HIGHLIGHTS

CAPITALIZATION OVERVIEW

APPENDIX

Adjusted Site Rental Gross Margin. We define Adjusted Site Rental Gross Margin as site rental revenues less site rental costs of operations, excluding stock-based compensation expense, net and amortization of prepaid lease purchase price adjustments. This measure is exclusive of depreciation, amortization and accretion, which are shown separately.

Adjusted Services and Other Gross Margin. We define Adjusted Services and Other Gross Margin as services and other revenues less services and other costs of operations, excluding stock-based compensation expense, net.

Other Information

Site rental billings. We define site rental billings as site rental revenues exclusive of the impacts from (1) straight-lined revenues, (2) amortization of prepaid rent in accordance with GAAP, (3) contribution from recent acquisitions until the one-year anniversary of such acquisitions, (4) other revenues, such as tenant cancellation fees, finance charges and other items and (5) amounts related to DISH Terminations, where applicable.

Core leasing activity. We define core leasing activity as site rental revenues growth from tenant additions and renewals or extensions of tenant contracts, exclusive of (1) the impacts from both straight-lined revenues and amortization of prepaid rent in accordance with GAAP, (2) other revenues and (3) amounts related to DISH Terminations, where applicable.

Other billings. We define other billings as the growth or reduction in site rental revenues as a result of non-recurring contractual billings and adjustments, expense recoveries, sales credits and other amounts not captured in core leasing activity, exclusive of amounts related to DISH Terminations, where applicable.

Non-renewals. We define non-renewals of tenant contracts as the reduction in site rental revenues as a result of tenant churn, terminations and, in limited circumstances, reductions of existing lease rates, exclusive of non-renewals associated with Sprint Cancellations and DISH Terminations, where applicable.

Discretionary capital expenditures. We define discretionary capital expenditures relating to continuing operations as those made with respect to activities which we believe exhibit sufficient potential to enhance long-term stockholder value. Discretionary capital expenditures, including with respect to discontinued operations, primarily consist of expansion or development of our communications infrastructure (including capital expenditures related to (1) enhancing communications infrastructure in order to add new tenants for the first time or support subsequent tenant equipment augmentations or (2) modifying the structure of a communications infrastructure asset to accommodate additional tenants) and construction of new communications infrastructure. Discretionary capital expenditures also include purchases of land interests (which primarily relates to land assets under towers as we seek to manage our interests in the land beneath our towers), certain technology-related investments necessary to support and scale future customer demand for our communications infrastructure, and other capital projects.

Sustaining capital expenditures. We define sustaining capital expenditures as those capital expenditures (including with respect to discontinued operations) not otherwise categorized as discretionary capital expenditures, such as (1) maintenance capital expenditures on our communications infrastructure assets that enable our tenants' ongoing quiet enjoyment of the communications infrastructure and (2) ordinary corporate capital expenditures.

Sprint Cancellations. We define Sprint Cancellations as lease cancellations related to the previously disclosed T-Mobile US, Inc. and Sprint network consolidation as described in our press release dated April 19, 2023.

DISH Terminations. We define DISH Terminations as the impact of lease terminations related to the previously disclosed notice of default and termination that was sent to DISH Wireless L.L.C. ("DISH") regarding our Master Lease Agreement and related agreements as described in our press release dated January 12, 2026.

Fiber Business. We define Fiber Business as the historically reported Fiber segment, prior to its reclassification to discontinued operations, together with certain supporting assets and personnel. Management signed the Strategic Fiber Agreement to sell the Fiber Business with EQT Active Core Infrastructure fund ("EQT") acquiring the small cells business and Zayo Group Holdings Inc. ("Zayo") acquiring the fiber solutions business for $8.5 billion in aggregate, subject to certain closing adjustments ("Strategic Fiber Transaction"). The Strategic Fiber Transaction was completed on May 1, 2026. We received aggregate net cash proceeds of $8.4 billion, representing the gross contractual purchase price of $8.5 billion less the net impact of preliminary purchase price adjustments of $124 million, which are subject to a post-closing settlement process.

23

---

Crown Castle Inc.

Third Quarter 2026

COMPANY OVERVIEW

OUTLOOK

FINANCIAL HIGHLIGHTS

CAPITALIZATION OVERVIEW

APPENDIX

Reconciliation of Historical Adjusted EBITDA:

						2025																								2026
(in millions; totals may not sum due to rounding)						Q1						Q2						Q3						Q4						Q1						Q2												Q3
Net income (loss)(a)						$	(464)					$	291					$	323					$	294					$	151					$	94											$	283
Adjustments to increase (decrease) net income (loss)
Asset write-down charges						2						2						3						4						3						2												1
Depreciation, amortization and accretion						177						175						167						170						172						171												180
Restructuring charges(b)						—						—						—						—						14						—												6
Amortization of prepaid lease purchase price adjustments						4						4						4						4						4						3												3
Interest expense and amortization of deferred financing costs, net(c)						236						243						247						246						242						208												177
(Gains) losses on retirement of long-term obligations						—						—						—						—						—						(24)												—
Interest income						(3)						(4)						(3)						(3)						(3)						(18)												(3)
Other (income) expense						(1)						(2)						—						—						1						1												3
(Benefit) provision for income taxes						5						4						4						3						5						4												5
Stock-based compensation expense, net						18						18						19						17						18						28												18
(Income) loss from discontinued operations, net of tax(d)						748						(26)						(46)						(17)						69						205												—
Adjusted EBITDA(e)(f)						$	722					$	705					$	718					$	718					$	675					$	675											$	673

Reconciliation of Outlook for Adjusted EBITDA:

(in millions; totals may not sum due to rounding)												Full Year 2026 Outlook(g)
Net income (loss)(a)																		$755			to			$1,035
Adjustments to increase (decrease) net income (loss):
Asset write-down charges																		10			to			20
Acquisition and integration costs																		(3)			to			3
Depreciation, amortization and accretion																		627			to			722
Restructuring charges(h)																		25			to			35
Amortization of prepaid lease purchase price adjustments																		14			to			16
Interest expense and amortization of deferred financing costs, net(i)																		787			to			832
(Gains) losses on retirement of long-term obligations																		(25)			to			(25)
Interest income																		(25)			to			(25)
Other (income) expense																		0			to			9
(Benefit) provision for income taxes																		11			to			19
Stock-based compensation expense, net																		78			to			82
(Income) loss from discontinued operations, net of tax(j)																		80			to			360
Adjusted EBITDA(e)(f)																		$2,690			to			$2,740

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

(b)Represents restructuring charges recorded related to the Company's restructuring plan announced in February 2026, as further discussed in the Annual Report on Form 10-K for the year ended December 31, 2025 ("2026 Restructuring Plan").

(c)See the reconciliation of "Components of Interest Expense" for a discussion of non-cash interest expense.

(d)Represents results from the Fiber Business, including no loss on disposal in the three months ended September 30, 2026, compared to $231 million recorded in the three months ended September 30, 2025, and $625 million and $1,313 million recorded in the nine months ended September 30, 2026 and 2025, respectively.

(e)See discussion and our definition of Adjusted EBITDA in this "Non-GAAP Measures and Other Information."

(f)The above reconciliation excludes line items included in our definition which are not applicable for the periods shown.

(g)As issued on October 21, 2026.

(h)Represents expected restructuring charges related to the Company's restructuring plan announced in February 2026, as further discussed in the Annual Report on Form 10-K for the year ended December 31, 2025 ("2026 Restructuring Plan").

(i)See the reconciliation of "Outlook for Components of Interest Expense" for a discussion of non-cash interest expense.

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

24

---

Crown Castle Inc.

Third Quarter 2026

COMPANY OVERVIEW

OUTLOOK

FINANCIAL HIGHLIGHTS

CAPITALIZATION OVERVIEW

APPENDIX

Reconciliation of Historical FFO and AFFO:

(in millions; totals may not sum due to rounding)						2025																								2026
						Q1						Q2						Q3						Q4						Q1						Q2												Q3
Net income (loss)(a)						$	(464)					$	291					$	323					$	294					$	151					$	94											$	283
Real estate related depreciation, amortization and accretion						164						162						163						161						161						162												157
Asset write-down charges						2						2						3						4						3						2												1
(Income) loss from discontinued operations, net of tax(b)						748						(26)						(46)						(17)						69						205												—
FFO(c)(d)						$	451					$	429					$	443					$	442					$	383					$	464											$	442
Weighted-average common shares outstanding—diluted						436						437						437						437						437						434												426
FFO (from above)						$	451					$	429					$	443					$	442					$	383					$	464											$	442
Adjustments to increase (decrease) FFO:
Straight-lined revenues						(19)						(20)						11						15						3						3												25
Straight-lined expenses						15						14						15						14						14						13												13
Stock-based compensation expense, net						18						18						19						17						18						28												18
Non-cash portion of tax provision						5						(5)						2						—						5						(5)												2
Non-real estate related depreciation, amortization and accretion						13						13						4						9						11						8												23
Amortization of non-cash interest expense						3						4						3						5						4						6												6
Other (income) expense						(1)						(2)						—						—						1						1												3
(Gains) losses on retirement of long-term obligations						—						—						—						—						—						(24)												—
Restructuring charges(e)						—						—						—						—						14						—												6
Sustaining capital expenditures						(7)						(7)						(6)						(14)						(7)						(7)												(8)
AFFO(c)(d)						$	479					$	444					$	490					$	489					$	446					$	488											$	530
Weighted-average common shares outstanding—diluted						436						437						437						437						437						434												426

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

(b)Represents results from the Fiber Business, including no loss on disposal in the three months ended September 30, 2026, compared to $231 million recorded in the three months ended September 30, 2025, and $625 million and $1,313 million recorded in the nine months ended September 30, 2026 and 2025, respectively.

(c)See discussion and our definitions of FFO and AFFO in this "Non-GAAP Measures and Other Information."

(d)The above reconciliation excludes line items included in our definition which are not applicable for the periods shown.

(e)Represents restructuring charges recorded related to the 2026 Restructuring Plan.

25

---

Crown Castle Inc.

Third Quarter 2026

COMPANY OVERVIEW

OUTLOOK

FINANCIAL HIGHLIGHTS

CAPITALIZATION OVERVIEW

APPENDIX

Reconciliation of Historical FFO and AFFO per share:

(in millions, except per share amounts; totals may not sum due to rounding)						2025																								2026
						Q1						Q2						Q3						Q4						Q1						Q2												Q3
Net income (loss)(a)						$	(1.06)					$	0.67					$	0.74					$	0.67					$	0.34					$	0.22											$	0.67
Real estate related depreciation, amortization and accretion						0.38						0.37						0.37						0.37						0.37						0.37												0.37
Asset write-down charges						—						—						0.01						0.01						0.01						0.01												—
(Income) loss from discontinued operations, net of tax(b)						1.72						(0.06)						(0.11)						(0.04)						0.16						0.47												—
FFO(c)(d)						$	1.03					$	0.98					$	1.01					$	1.01					$	0.88					$	1.07											$	1.04
Weighted-average common shares outstanding—diluted						436						437						437						437						437						434												426
FFO (from above)						$	1.03					$	0.98					$	1.01					$	1.01					$	0.88					$	1.07											$	1.04
Adjustments to increase (decrease) FFO:
Straight-lined revenues						(0.04)						(0.05)						0.03						0.03						0.01						0.01												0.06
Straight-lined expenses						0.03						0.03						0.03						0.03						0.03						0.03												0.03
Stock-based compensation expense, net						0.04						0.04						0.04						0.04						0.04						0.07												0.04
Non-cash portion of tax provision						0.01						(0.01)						—						—						0.01						(0.01)												—
Non-real estate related depreciation, amortization and accretion						0.03						0.03						0.01						0.02						0.03						0.02												0.05
Amortization of non-cash interest expense						0.01						0.01						0.01						0.01						0.01						0.01												0.01
Other (income) expense						—						—						—						—						—						—												0.01
(Gains) losses on retirement of long-term obligations						—						—						—						—						—						(0.05)												—
Restructuring charges(e)						—						—						—						—						0.03						—												0.01
Sustaining capital expenditures						(0.02)						(0.02)						(0.01)						(0.03)						(0.02)						(0.02)												(0.02)
AFFO(c)(d)						$	1.10					$	1.02					$	1.12					$	1.12					$	1.02					$	1.13											$	1.24
Weighted-average common shares outstanding—diluted						436						437						437						437						437						434												426

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

(b)Represents results from the Fiber Business, including no loss on disposal in the three months ended September 30, 2026, compared to $231 million recorded in the three months ended September 30, 2025, and $625 million and $1,313 million recorded in the nine months ended September 30, 2026 and 2025, respectively.

(c)See discussion and our definitions of FFO and AFFO, including per share amounts, in this "Non-GAAP Measures and Other Information."

(d)The above reconciliation excludes line items included in our definition which are not applicable for the periods shown.

(e)Represents restructuring charges recorded related to the 2026 Restructuring Plan.

26

---

Crown Castle Inc.

Third Quarter 2026

COMPANY OVERVIEW

OUTLOOK

FINANCIAL HIGHLIGHTS

CAPITALIZATION OVERVIEW

APPENDIX

Reconciliation of Outlook for FFO and AFFO:

(in millions, except per share amounts; totals may not sum due to rounding)												Full Year 2026 Outlook(a)												Full Year 2026 Outlook Per Share(a)
Net income (loss)(b)																		$755			to			$1,035						$1.76			to			$2.41
Real estate related depreciation, amortization and accretion																		600			to			680						1.40			to			1.58
Asset write-down charges																		10			to			20						0.02			to			0.05
(Income) loss from discontinued operations, net of tax(c)																		80			to			360						0.19			to			0.84
FFO(d)(e)																		$1,755			to			$1,785						$4.08			to			$4.15
Weighted-average common shares outstanding—diluted												430												430
FFO (from above)																		$1,755			to			$1,785						$4.08			to			$4.15
Adjustments to increase (decrease) FFO:
Straight-lined revenues																		25			to			55						0.06			to			0.13
Straight-lined expenses																		45			to			65						0.10			to			0.15
Stock-based compensation expense, net																		78			to			82						0.18			to			0.19
Non-cash portion of tax provision																		(8)			to			8						(0.02)			to			0.02
Non-real estate related depreciation, amortization and accretion																		27			to			42						0.06			to			0.10
Amortization of non-cash interest expense																		15			to			25						0.03			to			0.06
Other (income) expense																		0			to			9						0.00			to			0.02
(Gains) losses on retirement of long-term obligations																		(25)			to			(25)						(0.06)			to			(0.06)
Acquisition and integration costs																		(3)			to			3						(0.01)			to			0.01
Restructuring charges																		25			to			35						0.06			to			0.08
Sustaining capital expenditures																		(45)			to			(25)						(0.10)			to			(0.06)
AFFO(d)(e)																		$1,955			to			$2,005						$4.54			to			$4.66
Weighted-average common shares outstanding—diluted												430												430

Reconciliation of Net Debt and Calculation of Net Debt to Last Quarter Annualized Adjusted EBITDA:

(as of September 30, 2026; dollars in millions)						September 30, 2026
Total debt and other obligations (current and non-current)						$	17,796
Unamortized adjustments, net						108
Total face value of debt						17,904
Less: Ending cash and cash equivalents and restricted cash and cash equivalents						305
Net Debt(d)						$	17,599
Adjusted EBITDA for the three months ended September 30, 2026(d)						$	673
Last quarter annualized Adjusted EBITDA(d)						2,692
Net Debt to Last Quarter Annualized Adjusted EBITDA(d)						6.5		x

(a)As issued on October 21, 2026.

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

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

(d)See discussion and our definitions of FFO and AFFO, including per share amounts, Net Debt, Adjusted EBITDA, and Net Debt to Last Quarter Adjusted EBITDA in this "Non-GAAP Measures and Other Information."

(e)The above reconciliation excludes line items included in our definition which are not applicable for the period shown.

27

---

Crown Castle Inc.

Third Quarter 2026

COMPANY OVERVIEW

OUTLOOK

FINANCIAL HIGHLIGHTS

CAPITALIZATION OVERVIEW

APPENDIX

Reconciliation of Adjusted Site Rental Gross Margin and Adjusted Services and Other Gross Margin:

						Three Months Ended September 30,												Nine Months Ended September 30,
(In millions of dollars; totals may not sum due to rounding)						2026						2025						2026						2025
Net income (loss)(a)						$	283					$	323					$	528					$	150
Adjustments to increase (decrease) income (loss):
Services and other revenues						(29)						(60)						(119)						(162)
Services and other costs of operations						13						30						58						84
Selling, general and administrative expenses						82						97						269						289
Asset write-down charges						1						3						6						7
Depreciation, amortization and accretion						180						167						523						520
Restructuring charges						6						—						20						—
Amortization of prepaid lease purchase price adjustments						3						4						10						11
Interest expense and amortization of deferred financing costs, net						177						247						627						726
(Gain) loss on retirement of long-term obligations						—						—						(24)						—
Interest income						(3)						(3)						(25)						(10)
Other (income) expense						3						—						5						(3)
(Benefit) provision for income taxes						5						4						14						13
Stock-based compensation expense, net recorded in site rental costs of operations						1						1						3						3
(Income) loss from discontinued operations, net of tax						—						(46)						275						676
Adjusted Site Rental Gross Margin(b)(c)						$	721					$	767					$	2,169					$	2,304

						Three Months Ended September 30,												Nine Months Ended September 30,
(In millions of dollars; totals may not sum due to rounding)						2026						2025						2026						2025
Net income (loss)(a)						$	283					$	323					$	528					$	150
Adjustments to increase (decrease) net income (loss):
Site rental revenues						(966)						(1,012)						(2,894)						(3,031)
Site rental costs of operations(d)						248						250						737						741
Selling, general and administrative expenses						82						97						269						289
Asset write-down charges						1						3						6						7
Depreciation, amortization and accretion						180						167						523						520
Restructuring charges						6						—						20						—
Interest expense and amortization of deferred financing costs, net						177						247						627						726
(Gain) loss on retirement of long-term obligations						—						—						(24)						—
Interest income						(3)						(3)						(25)						(10)
Other (income) expense						3						—						5						(3)
(Benefit) provision for income taxes						5						4						14						13
Stock-based compensation expense, net recorded in services and other costs of operations						1						1						3						4
(Income) loss from discontinued operations, net of tax						—						(46)						275						676
Adjusted Services and Other Gross Margin(b)(c)						$	17					$	31					$	64					$	82

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

(b)See discussion and our definitions of Adjusted Site Rental Gross Margin and Adjusted Services and Other Gross Margin in this "Non-GAAP Measures and Other Information."

(c)The above reconciliation excludes line items included in our definition which are not applicable for the periods shown.

(d)Exclusive of depreciation, amortization and accretion shown separately.

28