HighGravityDataCarnival — Mar 27, 2026 release
Fiscal 2026 first-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000815097-26-000034
Showing in the filing
Share buyback program
“initial $2.5 billion”
Period
No period stated
Measure
Declared action
Source
Prose
All guidance in this release · 56
Share buyback program
“initial $2.5 billion”
Adjusted net income operational improvement … for FY2026
“nearly $150 million”
Adjusted EBITDA for FY2026
“$7 billion”
Net yields (Constant Currency) for FY2026
“up approximately 2.75 percent”
Net yields (in constant currency) for FY2026
“up approximately 2.75 percent compared to record 2025 levels and 0.25 percentage points better than December guidance”
Net yields (constant currency, normalized) for FY2026
“up approximately 3.25 percent”
Net yields (in constant currency), after nor… for FY2026
“up approximately 3.25 percent”
Adjusted cruise costs excluding fuel per ALB… for FY2026
“up approximately 3.1 percent”
Adjusted cruise costs excluding fuel per ALB… for FY2026
“up approximately 3.1 percent compared to 2025 and better than December guidance”
Adjusted cruise costs excluding fuel per ALB… for FY2026
“up approximately 2.3 percent”
Fuel price impact on adjusted net income for FY2026
“more than $500 million”
Brent crude oil price assumption for FY2026
“$90 per barrel”
Brent crude oil price assumption for Q3 FY2026
“$85 per barrel”
Brent crude oil price assumption for Q4 FY2026
“$80”
PROPEL return on invested capital target for FY2029
“Greater than 16 percent”
PROPEL adjusted EPS growth target for FY2029
“More than 50 percent adjusted EPS growth from 2025”
PROPEL cash from operations distributed to s… for FY2029
“More than 40 percent of cash from operations distributed to shareholders (approximately $14 billion)”
Shareholder returns roadmap for FY2029
“approximately $14 billion”
PROPEL net debt to adjusted EBITDA target for FY2029
“2.75x”
PROPEL greenhouse gas emissions rate reduction for FY2029
“more than 25 percent compared to 2019 levels”
Total dividend distributions for FY2026
“more than $800 million”
Net yields (Current Dollars) for Q2 FY2026
“Approx. 3.7%”
Net yields (Constant Currency) for Q2 FY2026
“Approx. 2.0%”
Net yields (Current Dollars) for FY2026
“Approx. 4.1%”
Adjusted cruise costs excluding fuel per ALB… for Q2 FY2026
“Approx. 4.0%”
Adjusted cruise costs excluding fuel per ALB… for Q2 FY2026
“Approx. 2.6%”
Adjusted cruise costs excluding fuel per ALB… for FY2026
“Approx. 4.4%”
ALBDs (in millions) for Q2 FY2026
“24.7”
ALBDs (in millions) (a) for FY2026
“24.7”
Capacity growth compared to prior year for Q2 FY2026
“1.9 %”
Capacity growth compared to prior year for FY2026
“0.9 %”
Fuel consumption in metric tons (in millions) for FY2026
“2.8”
Fuel cost per metric ton consumed (excluding… for Q2 FY2026
“$795”
Fuel cost per metric ton consumed (excluding… for FY2026
“$ 795”
Fuel expense (including emission allowances … for Q2 FY2026
“$0.61”
Fuel expense (including emission allowances … for FY2026
“$ 2.15”
CAD for FY2026
“$ 0.73”
Depreciation and amortization expense (in bi… for Q2 FY2026
“$0.73”
Depreciation and amortization expense (in bi… for FY2026
“$ 2.97”
Interest expense, net of capitalized interes… for Q2 FY2026
“$0.27”
Interest expense, net of capitalized interes… for FY2026
“$ 1.09”
Adjusted EBITDA (in billions) for Q2 FY2026
“Approx. $1.48”
Adjusted EBITDA (in billions) for FY2026
“Approx. $7.19”
Adjusted net income (in millions) for Q2 FY2026
“Approx. $470”
Adjusted net income (in millions) for FY2026
“Approx. $3,070”
Adjusted earnings per share - diluted for Q2 FY2026
“Approx. $0.34”
Adjusted earnings per share - diluted for FY2026
“Approx. $2.21”
Weighted-average shares outstanding - basic for Q2 FY2026
“1,386”
Weighted-average shares outstanding - basic for FY2026
“1,385”
Adjusted weighted-average shares outstanding… for Q2 FY2026
“1,392”
AUD for FY2026
“$ 0.71”
EUR for FY2026
“$ 1.15”
GBP for FY2026
“$ 1.34”
Newbuild capital expenditures for FY2026
“$0.6 billion”
Non-newbuild capital expenditures for FY2026
“$1.8 billion”
Fuel consumption in metric tons (in millions) for Q2 FY2026
“0.7”
Exhibit 99.1 · the passage around this item
… earlier in the release
ibit 99.1 CARNIVAL CORPORATION & PLC ACHIEVES RECORD FIRST QUARTER OPERATING RESULTS AND RECORD BOOKINGS Introduces PROPEL, ambitious targets designed to reflect continued earnings growth momentum through 2029 Announces initial $2.5 billion share buyback program MIAMI (March 27, 2026) - Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) announced financial results for the first quarter 2026 and provided an updated outlook. • D iluted EPS of $0.19 and adjusted EPS 1 of $0.20, up 50 percent compared to the prior year. • Record revenues 2 of $6.2 billion, gross margin yields up nearly 10 percent and record net yields 1,2 (in constant currency), outperforming guidance on strong close-in demand. • Bookings for 2026 up double digits, further strengthening the company’s record booked position at historically high prices (in constant currency). • Expects operational improvement of nearly $150 million in full year 2026 adjusted net income 1 compared to December guidance, partially mitigating the impact from recent changes in fuel prices. • Announces PROPEL, a new set of long-term targets designed to reflect continued earnings growth momentum, outsized shareholder distributions and even higher returns to be achieved by 2029. “We delivered a strong start to the year, with record first-quarter operating results that exceeded our guidance, driven by healthy fundamentals and solid execution across the business. This performance
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.