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Companies / Norwegian Cruise Line Holdings / Filing

Norwegian Cruise Line Holdings — Jul 30, 2026 release

Fiscal 2026 second-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001171843-26-005050
Open on SEC.gov ↗
Showing in the filing
Fuel price per metric ton, net of hedges
“$780”
Period
FY2026
Measure
Company-defined measure
Source
Guidance table
All guidance in this release · 52
Expected annualized run-rate savings
“~$100 million”
Annualized savings identified (in addition t…
“$100 million”
Reduction in diluted weighted-average shares… for FY2026
“4 million shares”
Net Yield on a Constant Currency basis for FY2026
“expected to be down approximately 5% versus 2025”
Net Yield (Constant Currency) for FY2026
“down approximately 5%”
Adjusted Net Cruise Cost excluding Fuel per … for FY2026
“expected to be down approximately 0.25% on a Constant Currency basis versus 2025”
Adjusted Net Cruise Cost excluding Fuel per … for FY2026
“down approximately 0.25%”
Adjusted EBITDA for FY2026
“expected to be approximately $2.5 billion”
Adjusted Operational EBITDA Margin for FY2026
“expected to be 33.2%”
Adjusted Net Income for FY2026
“expected to be approximately $700 million”
Net Yield on a Constant Currency basis for Q3 FY2026
“expected to decline 8.9% versus 2025”
Net Yield (Constant Currency) for Q3 FY2026
“decline 8.9%”
Adjusted Net Cruise Cost excluding Fuel per … for Q3 FY2026
“expected to decline 0.9% on a Constant Currency basis versus 2025”
Adjusted Net Cruise Cost excluding Fuel per … for Q3 FY2026
“decline 0.9%”
Adjusted EBITDA for Q3 FY2026
“expected to be $874 million”
Adjusted Operational EBITDA Margin for Q3 FY2026
“expected to be 41.2%”
Net Yield (As Reported) for Q3 FY2026
“(8.8%)”
Net Yield (As Reported) for FY2026
“~(4.7%)”
Adjusted Net Cruise Cost Excluding Fuel per … for Q3 FY2026
“(1.0%)”
Adjusted Net Cruise Cost Excluding Fuel per … for FY2026
“~0.0%”
Capacity Days for Q3 FY2026
“6.8 million”
Capacity Days for FY2026
“~26.25 million”
Occupancy for Q3 FY2026
“104.0%”
Occupancy for FY2026
“~102.3%”
Adjusted Net Income for Q3 FY2026
“$414 million”
Adjusted EPS for Q3 FY2026
“$0.90”
Diluted Weighted-Average Shares Outstanding for Q3 FY2026
“461 million”
Diluted Weighted-Average Shares Outstanding for FY2026
“~464 million”
Depreciation and Amortization for Q3 FY2026
“$275 million”
Depreciation and Amortization for FY2026
“~$1,085 million”
Interest Expense, net for Q3 FY2026
“$180 million”
Interest Expense, net for FY2026
“~$705 million”
Fuel consumption in metric tons for Q3 FY2026
“245,000”
Fuel consumption in metric tons for FY2026
“1,010,000”
Fuel price per metric ton, net of hedges for Q3 FY2026
“$811”
Fuel price per metric ton, net of hedges for FY2026
“$780”
Newbuild-and-Growth Capital Expenditures, Gr… for Q3 FY2026
“$313”
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 Q3 FY2026
“$202”
Newbuild-and-Growth Capital Expenditures, Ne… for FY2026
“~$1.4”
Newbuild-and-Growth Capital Expenditures, Ne… for FY2027
“~$0.9”
Newbuild-and-Growth Capital Expenditures, Ne… for FY2028
“~$0.5”
Other Capital Expenditures (millions) for Q3 FY2026
“~$100”
Other Capital Expenditures (millions) for FY2026
“~$540”
Additional ships expected to be added for FY2037
“16”
Additional Berths expected to be added for FY2037
“~43,000”
Exhibit 99.1 · the passage around this item
… earlier in the release
The following reflects the Company’s expectations regarding fuel consumption and pricing, along with accompanying sensitivities:   Third Quarter 2026   Full Year 2026 Fuel consumption in metric tons 1   245,000     1,010,000 Fuel price per metric ton, net of hedges 2 $ 811   $ 780 Effect on Adjusted EPS of a 10% change in fuel prices, net of hedges $ 0.02   $ 0.05             ___________________ (1)   Total fuel consumption for the full year 2026 is expected to be comprised mainly of heavy fuel oil and marine gas oil, as well as other fuel types. (2)   Fuel prices are based on spot rates as of July 28 th .       As of June 30, 2026, the Company had hedged approximately 52% and 38% of its total projected metric tons of fuel consumption for 2026, and 2027, respectively. We primarily hedge heavy fuel oil (“HFO”) and marine gas oil (“MGO”). Other fuel types are unhedged. The following table provides amounts hedged and prices per metric ton:   2026     2027   Blended HFO and MGO Hedge Price / Metric Ton $ 533     $ 549   Total % of Consumption Hedged   52 %     38 % ___________________ Hedged derivatives include accounting hedges as well as economic hedges. Capital Expenditures The following table presents newbuild-and-growth capital expenditures, which mainly consists of capital expenditures related to the construction of new ships, private island developments and enhancements and other strategic growth initiatives:                           First Quarter 2026
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.