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Companies / Norwegian Cruise Line Holdings / Filing

Norwegian Cruise Line Holdings — May 4, 2026 release

Fiscal 2026 first-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001171843-26-002957
Open on SEC.gov ↗
Showing in the filing
Net Yield (Constant Currency)
“down approximately 3% to 5%”
Period
FY2026
Measure
Company-defined measure
Source
Prose
All guidance in this release · 53
Expected annualized run-rate savings
“approximately $125 million”
Net Yield on a Constant Currency basis for FY2026
“expected to be down approximately 3% to 5% versus 2025”
Net Yield (Constant Currency) for FY2026
“down approximately 3% to 5%”
Adjusted Net Cruise Cost excluding Fuel per … for FY2026
“expected to be approximately flat on a Constant Currency basis versus 2025”
Adjusted EBITDA for FY2026
“expected to be approximately $2.48 billion to $2.64 billion”
Adjusted Operational EBITDA Margin for FY2026
“expected to be 32.9% to 34.3%”
Adjusted Net Income for FY2026
“expected to be approximately $679 million to $838 million”
Net Yield on a Constant Currency basis for Q2 FY2026
“expected to decline approximately 3.6% versus 2025”
Net Yield (Constant Currency) for Q2 FY2026
“decline approximately 3.6%”
Adjusted Net Cruise Cost excluding Fuel per … for Q2 FY2026
“expected to grow approximately 1.0% on a Constant Currency basis versus 2025”
Adjusted Net Cruise Cost Excluding Fuel per … for Q2 FY2026
“grow approximately 1.0%”
Adjusted EBITDA for Q2 FY2026
“expected to be approximately $632 million”
Adjusted Operational EBITDA Margin for Q2 FY2026
“expected to be approximately 32.5%”
Net Yield (As Reported) for Q2 FY2026
“~(3.2%)”
Net Yield (As Reported) for FY2026
“(2.7%) – (4.7%)”
Adjusted Net Cruise Cost Excluding Fuel per … for Q2 FY2026
“~1.4%”
Adjusted Net Cruise Cost Excluding Fuel per … for FY2026
“~0.3%”
Adjusted Net Cruise Cost excluding Fuel per … for FY2026
“~0.0%”
Capacity Days for Q2 FY2026
“~6.6 million”
Capacity Days for FY2026
“~26.25 million”
Occupancy for Q2 FY2026
“~102.5%”
Occupancy for FY2026
“~104.2%”
Adjusted Net Income for Q2 FY2026
“~$178 million”
Adjusted EPS for Q2 FY2026
“~$0.38”
Adjusted EPS for FY2026
“$1.45 to $1.79”
Diluted Weighted-Average Shares Outstanding for Q2 FY2026
“~467 million”
Diluted Weighted-Average Shares Outstanding for FY2026
“~468 million”
Depreciation and Amortization for Q2 FY2026
“~$275 million”
Depreciation and Amortization for FY2026
“~$1,085 million”
Interest Expense, net for Q2 FY2026
“~$175 million”
Interest Expense, net for FY2026
“~$695 million”
Fuel consumption in metric tons for Q2 FY2026
“251,000”
Fuel consumption in metric tons for FY2026
“1,020,000”
Fuel price per metric ton, net of hedges for Q2 FY2026
“$860”
Fuel price per metric ton, net of hedges for FY2026
“$782”
Newbuild-and-Growth Capital Expenditures, Gr… for Q3 FY2026
“$260”
Newbuild-and-Growth Capital Expenditures, Gr… for FY2027
“~$2.9”
Newbuild-and-Growth Capital Expenditures, Gr… for FY2026
“~$2.9”
Newbuild-and-Growth Capital Expenditures, Gr… for FY2028
“~$1.8”
Export Credit Financing for Newbuild-and-Gro… for Q3 FY2026
“$111”
Export Credit Financing for Newbuild-and-Gro… for FY2026
“~$1.6”
Export Credit Financing for Newbuild-and-Gro… for FY2027
“~$2.0”
Export Credit Financing for Newbuild-and-Gro… for FY2028
“~$1.3”
Newbuild-and-Growth Capital Expenditures, Ne… for FY2026
“~$1.3”
Newbuild-and-Growth Capital Expenditures, Ne… for Q2 FY2026
“$380”
Newbuild-and-Growth Capital Expenditures, Ne… for Q3 FY2026
“$149”
Newbuild-and-Growth Capital Expenditures, Ne… for FY2027
“~$0.9”
Newbuild-and-Growth Capital Expenditures, Ne… for FY2028
“~$0.5”
Other Capital Expenditures for Q2 FY2026
“$140”
Other Capital Expenditures for Q3 FY2026
“103”
Other Capital Expenditures for FY2026
“~$540”
Fleet additions (ships) for FY2037
“16 additional ships”
Fleet additions (Berths) for FY2037
“~43,000 Berths”
Exhibit 99.1 · the passage around this item
… earlier in the release
These external pressures come as the Company continues to enhance its revenue management system and improve execution, resulting in additional pressure on the business and a reduction in its full year guidance. A summary of the updated full year guidance is provided below: 2026 full year Net Yield on a Constant Currency basis is expected to be down approximately 3% to 5% versus 2025. 2026 Adjusted Net Cruise Cost excluding Fuel per Capacity Day is expected to be approximately flat on a Constant Currency basis versus 2025, reflecting better-than-previously-guided performance driven by workforce optimization and other SG&A savings. 2026 full year Adjusted EBITDA is expected to be approximately $2.48 billion to $2.64 billion. Adjusted Operational EBITDA Margin for the full year 2026 is expected to be 32.9% to 34.3%. Full year Adjusted Net Income is expected to be approximately $679 million to $838 million. Adjusted EPS is expected to be $1.45 to $1.79. Q2 2026 Outlook Q2 2026 Net Yield on a Constant Currency basis is expected to decline approximately 3.6% versus 2025. Q2 2026 Adjusted Net Cruise Cost excluding Fuel per Capacity Day is expected to grow approximately 1.0% on a Constant Currency basis versus 2025. Q2 2026 Adjusted EBITDA is expected to be approximately $632 million and Adjusted Operational EBITDA Margin for the quarter is expected to be approximately 32.5%. Booking Environment Update The Company remains below its optimal booking range following certain execution missteps, exacerbated by softer demand related to heightened geopolitical u
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.