Signed in · PRO

Guidance history, every release

Norwegian Cruise Line Holdings (NCLH) · 8 releases, Oct 31, 2024 to Jul 30, 2026 · rows are metrics, columns are releases

Raised · a change from the previous releaseSame · restated unchanged— · not stated in that releaseEvery value links to its sentence in the filing

Metric	Oct 31, 2024 FY24 Q3	Feb 27, 2025 FY24 Q4	Apr 30, 2025 FY25 Q1	Jul 31, 2025 FY25 Q2	Nov 4, 2025 FY25 Q3	Mar 2, 2026 FY25 Q4	May 4, 2026 FY26 Q1	Jul 30, 2026 FY26 Q2
For FY2037
Additional Berths expected to be added	—	—	—	—	—	—	—	New“~43,000”
Additional Berths expected to be added to fleet	—	—	—	—	—	New“over 46,600”	—	—
Additional ships expected to be added	—	—	—	—	—	—	—	New“16”
Additional ships expected to be added across three brands	—	—	—	—	—	New“17”	—	—
Fleet additions (Berths)	—	—	—	—	—	—	New“~43,000 Berths”	—
Fleet additions (ships)	—	—	—	—	—	—	New“16 additional ships”	—
For FY2036
Expected additional berths from fleet expansion	—	New“approximately 41,000”	—	—	—	—	—	—
Expected additional ships	—	New“13”	—	—	—	—	—	—
Expected fleet additions (Berths)	—	—	—	New“add over 38,400 Berths to its fleet”	—	—	—	—
Expected fleet additions (ships)	—	—	—	New“NCLH expects to add 13 additional ships across its three brands through 2036”	—	—	—	—
For FY2032
Sonata Class Ships confirmed delivery	—	—	—	New“confirmed for delivery in 2032 and 2035”	—	—	—	—
For FY2028
Export Credit Financing for Newbuild-and-Growth Capital Expenditures	—	—	—	—	—	—	New“~$1.3”	—
Export Credit Financing for Newbuild-and-Growth Capital Expenditures (billions)	—	—	—	—	—	New“~$1.4”	—	Lowered“~$1.3”
Newbuild-and-Growth Capital Expenditures, Gross	—	—	—	—	—	—	New“~$1.8”	—
Newbuild-and-Growth Capital Expenditures, Gross (billions)	—	—	—	—	—	New“~$1.7”	—	Raised“~$1.8”
Newbuild-and-Growth Capital Expenditures, Net of Financing	—	—	—	—	—	—	New“~$0.5”	—
Newbuild-and-Growth Capital Expenditures, Net of Financing (billions)	—	—	—	—	—	—	—	New“~$0.5”
For FY2027
Blended HFO and MGO Hedge Price / Metric Ton	—	—	New“$518”	Lowered“$506”	—	—	—	—
Export Credit Financing for Newbuild-and-Growth Capital Expenditures	—	New“~$1.8”	—	—	Raised“~$2.0”	—	Reiterated“~$2.0”	—
Export Credit Financing for Newbuild-and-Growth Capital Expenditures (billions)	—	—	New“~$1.9”	—	—	Raised“~$2.0”	—	Reiterated“~$2.0”
Export Credit Financing for Newbuild-and-Growth Capital Expenditures (in billions)	—	—	—	New“~$2.0”	—	—	—	—
Newbuild-and-Growth Capital Expenditures, Gross	—	New“~$2.5”	—	—	Raised“~$2.7”	—	Raised“~$2.9”	—
Newbuild-and-Growth Capital Expenditures, Gross (billions)	—	—	New“~$2.5”	—	—	Raised“~$2.7”	—	Raised“~$2.9”
Newbuild-and-Growth Capital Expenditures, Gross (in billions)	—	—	—	New“~$2.7”	—	—	—	—
Newbuild-and-Growth Capital Expenditures, Net of Financing	—	New“~$0.7”	—	—	Reiterated“~$0.7”	—	Raised“~$0.9”	—
Newbuild-and-Growth Capital Expenditures, Net of Financing (billions)	—	—	New“~$0.7”	—	—	Reiterated“~$0.7”	—	Raised“~$0.9”
Newbuild-and-Growth Capital Expenditures, Net of Financing (in billions)	—	—	—	New“~$0.6”	—	—	—	—
Total % of Consumption Hedged	—	—	New“20 %”	—	—	—	—	—
For FY2026
Adjusted EBITDA	—	—	—	—	—	New“expected to be approximately $2.95 billion”	Lowered“expected to be approximately $2.48 billion to $2.64 billion”	Narrowed“expected to be approximately $2.5 billion”
Adjusted EBITDA	—	—	—	—	—	—	—	New“expected to be $874 million”
Adjusted EBITDA	—	—	—	—	—	—	New“expected to be approximately $632 million”	—
Adjusted EBITDA	—	—	—	—	—	New“expected to be approximately $515 million”	—	—
Adjusted EPS	—	—	—	—	—	—	—	New“$0.90”
Adjusted EPS	—	—	—	—	—	—	New“$1.45 to $1.79”	—
Adjusted EPS	—	—	—	—	—	—	New“~$0.38”	—
Adjusted EPS	—	—	—	—	—	New“$2.38”	—	—
Adjusted EPS	—	—	—	—	—	New“~$0.16”	—	—
Adjusted Net Income	—	—	—	—	—	New“expected to be approximately $1.12 billion”	Lowered“expected to be approximately $679 million to $838 million”	Narrowed“expected to be approximately $700 million”
Adjusted Net Income	—	—	—	—	—	—	—	New“$414 million”
Adjusted Net Income	—	—	—	—	—	—	New“~$178 million”	—
Adjusted Net Income	—	—	—	—	—	New“~$77 million”	—	—
Adjusted Operational EBITDA Margin	—	—	—	—	—	New“expected to be approximately 37%”	Lowered“expected to be 32.9% to 34.3%”	Narrowed“expected to be 33.2%”
Adjusted Operational EBITDA Margin	—	—	—	—	—	—	—	New“expected to be 41.2%”
Adjusted Operational EBITDA Margin	—	—	—	—	—	—	New“expected to be approximately 32.5%”	—
Adjusted Operational EBITDA Margin	—	—	—	—	—	New“expected to be approximately 29%”	—	—
% of HFO Consumption Hedged	New“20 %”	—	—	—	—	—	—	—
% of MGO Consumption Hedged	New“22 %”	—	—	—	—	—	—	—
Adjusted Net Cruise Cost excluding Fuel per Capacity Day	—	—	—	—	—	New“expected to grow approximately 0.9% on a Constant Currency basis versus 2025”	—	Lowered“expected to be down approximately 0.25% on a Constant Currency basis versus 2025”
Adjusted Net Cruise Cost excluding Fuel per Capacity Day	—	—	—	—	—	—	—	New“expected to decline 0.9% on a Constant Currency basis versus 2025”
Adjusted Net Cruise Cost excluding Fuel per Capacity Day	—	—	—	—	—	—	New“expected to be approximately flat on a Constant Currency basis versus 2025”	—
Adjusted Net Cruise Cost excluding Fuel per Capacity Day	—	—	—	—	—	—	New“expected to grow approximately 1.0% on a Constant Currency basis versus 2025”	—
Adjusted Net Cruise Cost excluding Fuel per Capacity Day	—	—	—	—	—	New“expected to decline approximately 0.8% on a Constant Currency basis versus 2025”	—	—
Adjusted Net Cruise Cost Excluding Fuel per Capacity Day (As Reported)	—	—	—	—	—	—	—	New“(1.0%)”
Adjusted Net Cruise Cost Excluding Fuel per Capacity Day (As Reported)	—	—	—	—	—	New“~1.4%”	Lowered“~0.3%”	Lowered“~0.0%”
Adjusted Net Cruise Cost Excluding Fuel per Capacity Day (As Reported)	—	—	—	—	—	—	New“~1.4%”	—
Adjusted Net Cruise Cost Excluding Fuel per Capacity Day (As Reported)	—	—	—	—	—	New“~0.0%”	—	—
Adjusted Net Cruise Cost excluding Fuel per Capacity Day (Constant Currency)	—	—	—	—	—	New“grow approximately 0.9%”	Lowered“~0.0%”	Lowered“down approximately 0.25%”
Adjusted Net Cruise Cost excluding Fuel per Capacity Day (Constant Currency)	—	—	—	—	—	—	—	New“decline 0.9%”
Adjusted Net Cruise Cost excluding Fuel per Capacity Day (Constant Currency)	—	—	—	—	—	New“decline approximately 0.8%”	—	—
Adjusted Net Cruise Cost Excluding Fuel per Capacity Day (Constant Currency)	—	—	—	—	—	—	New“grow approximately 1.0%”	—
Blended HFO and MGO Hedge Price / Metric Ton	—	New“$526”	Lowered“$524”	Lowered“$513”	—	—	—	—
Blended HFO Hedge Price / Metric Ton	New“$373”	—	—	—	—	—	—	—
Blended MGO Hedge Price / Metric Ton	New“$667”	—	—	—	—	—	—	—
Capacity Days	—	—	—	—	—	—	—	New“6.8 million”
Capacity Days	—	—	—	—	—	New“~26.25 million”	Reiterated“~26.25 million”	Reiterated“~26.25 million”
Capacity Days	—	—	—	—	—	—	New“~6.6 million”	—
Capacity Days	—	—	—	—	—	New“~6.39 million”	—	—
Charting the Course financial targets	—	—	—	New“remains committed to achieving its 2026 Charting the Course financial targets”	—	—	—	—
Charting the Course targets	New“Remain committed to Charting the Course targets; progressing towards achieving 2026 goals.”	—	—	—	—	—	—	—
Depreciation and Amortization	—	—	—	—	—	—	—	New“$275 million”
Depreciation and Amortization	—	—	—	—	—	New“~$1,085 million”	Reiterated“~$1,085 million”	Reiterated“~$1,085 million”
Depreciation and Amortization	—	—	—	—	—	—	New“~$275 million”	—
Depreciation and Amortization	—	—	—	—	—	New“~$260 million”	—	—
Diluted Weighted-Average Shares Outstanding	—	—	—	—	—	—	—	New“461 million”
Diluted Weighted-Average Shares Outstanding	—	—	—	—	—	—	New“~468 million”	Lowered“~464 million”
Diluted Weighted-Average Shares Outstanding	—	—	—	—	—	—	New“~467 million”	—
Diluted Weighted-Average Shares Outstanding	—	—	—	—	—	New“~468 million”	—	—
Export Credit Financing for Newbuild-and-Growth Capital Expenditures	—	—	—	—	—	—	New“$111”	—
Export Credit Financing for Newbuild-and-Growth Capital Expenditures	—	New“~$1.5”	—	—	Raised“~$1.6”	—	Reiterated“~$1.6”	—
Export Credit Financing for Newbuild-and-Growth Capital Expenditures (billions)	—	—	New“~$1.5”	—	—	Raised“~$1.6”	—	Reiterated“~$1.6”
Export Credit Financing for Newbuild-and-Growth Capital Expenditures (billions)	—	—	—	—	—	New“~$0.9”	—	—
Export Credit Financing for Newbuild-and-Growth Capital Expenditures (in billions)	—	—	—	New“~$1.6”	—	—	—	—
Export Credit Financing for Newbuild-and-Growth Capital Expenditures (millions)	—	—	—	—	—	—	—	New“$111”
Fuel consumption in metric tons	—	—	—	—	—	—	—	New“245,000”
Fuel consumption in metric tons	—	—	—	—	—	New“1,020,000”	Reiterated“1,020,000”	Lowered“1,010,000”
Fuel consumption in metric tons	—	—	—	—	—	—	New“251,000”	—
Fuel consumption in metric tons	—	—	—	—	—	New“264,000”	—	—
Fuel price per metric ton, net of hedges	—	—	—	—	—	—	—	New“$811”
Fuel price per metric ton, net of hedges	—	—	—	—	—	New“$670”	Raised“$782”	Lowered“$780”
Fuel price per metric ton, net of hedges	—	—	—	—	—	—	New“$860”	—
Fuel price per metric ton, net of hedges	—	—	—	—	—	New“$650”	—	—
Interest Expense, net	—	—	—	—	—	—	—	New“$180 million”
Interest Expense, net	—	—	—	—	—	New“~$708 million”	Lowered“~$695 million”	Raised“~$705 million”
Interest Expense, net	—	—	—	—	—	—	New“~$175 million”	—
Interest Expense, net	—	—	—	—	—	New“~$170 million”	—	—
Load Factor	—	—	—	—	New“exceeding 2024 levels”	—	—	—
Net Leverage	—	—	—	New“mid-4x range”	—	Raised“expected to end the year at ~5.2x”	—	—
Net Leverage goal	—	—	—	New“firmly on track to reach our 2026 goal of reducing Net Leverage to the mid-4x range”	—	—	—	—
Net Yield (As Reported)	—	—	—	—	—	—	—	New“(8.8%)”
Net Yield (As Reported)	—	—	—	—	—	New“~0.4%”	Lowered“(2.7%) – (4.7%)”	Revised“~(4.7%)”
Net Yield (As Reported)	—	—	—	—	—	—	New“~(3.2%)”	—
Net Yield (As Reported)	—	—	—	—	—	New“~(1.0%)”	—	—
Net Yield (Constant Currency)	—	—	—	—	—	New“~0.0%”	Lowered“down approximately 3% to 5%”	Lowered“down approximately 5%”
Net Yield (Constant Currency)	—	—	—	—	—	—	—	New“decline 8.9%”
Net Yield (Constant Currency)	—	—	—	—	—	—	New“decline approximately 3.6%”	—
Net Yield (Constant Currency)	—	—	—	—	—	New“~(1.6%)”	—	—
Net Yield on a Constant Currency basis	—	—	—	—	—	—	New“expected to be down approximately 3% to 5% versus 2025”	Changed“expected to be down approximately 5% versus 2025”
Net Yield on a Constant Currency basis	—	—	—	—	—	—	—	New“expected to decline 8.9% versus 2025”
Net Yield on a Constant Currency basis	—	—	—	—	—	—	New“expected to decline approximately 3.6% versus 2025”	—
Net Yield on a Constant Currency basis	—	—	—	—	—	New“expected to be approximately flat versus 2025”	—	—
Net Yield on a Constant Currency basis	—	—	—	—	—	New“expected to decline approximately 1.6% versus 2025”	—	—
Newbuild-and-Growth Capital Expenditures, Gross	—	—	—	—	—	—	New“$260”	—
Newbuild-and-Growth Capital Expenditures, Gross	—	New“~$2.4”	—	—	Raised“~$2.7”	—	Raised“~$2.9”	—
Newbuild-and-Growth Capital Expenditures, Gross (billions)	—	—	New“~$2.5”	—	—	Raised“~$2.8”	—	Raised“~$2.9”
Newbuild-and-Growth Capital Expenditures, Gross (billions)	—	—	—	—	—	New“~$1.3”	—	—
Newbuild-and-Growth Capital Expenditures, Gross (in billions)	—	—	—	New“~$2.7”	—	—	—	—
Newbuild-and-Growth Capital Expenditures, Gross (millions)	—	—	—	—	—	—	—	New“$313”
Newbuild-and-Growth Capital Expenditures, Net of Financing	—	—	—	—	—	—	New“$380”	—
Newbuild-and-Growth Capital Expenditures, Net of Financing	—	—	—	—	—	—	New“$149”	—
Newbuild-and-Growth Capital Expenditures, Net of Financing	—	New“~$1.0”	—	—	Raised“~$1.1”	—	Raised“~$1.3”	—
Newbuild-and-Growth Capital Expenditures, Net of Financing (billions)	—	—	New“~$1.0”	—	—	Raised“~$1.2”	—	Raised“~$1.4”
Newbuild-and-Growth Capital Expenditures, Net of Financing (billions)	—	—	—	—	—	New“~$0.4”	—	—
Newbuild-and-Growth Capital Expenditures, Net of Financing (in billions)	—	—	—	New“~$1.1”	—	—	—	—
Newbuild-and-Growth Capital Expenditures, Net of Financing (millions)	—	—	—	—	—	—	—	New“$202”
Newbuild-related capital expenditures, net of export credit financing	New“$0.9 billion”	—	—	—	—	—	—	—
Occupancy	—	—	—	—	—	—	—	New“104.0%”
Occupancy	—	—	—	—	—	New“~105.7%”	Lowered“~104.2%”	Lowered“~102.3%”
Occupancy	—	—	—	—	—	—	New“~102.5%”	—
Occupancy	—	—	—	—	—	New“~104.2%”	—	—
Other Capital Expenditures	—	—	—	—	—	—	New“$140”	—
Other Capital Expenditures	—	—	—	—	—	—	New“103”	—
Other Capital Expenditures	—	—	—	—	—	—	New“~$540”	—
Other Capital Expenditures (millions)	—	—	—	—	—	—	—	New“~$100”
Other Capital Expenditures (millions)	—	—	—	—	—	New“~$540”	—	Reiterated“~$540”
Other Capital Expenditures (millions)	—	—	—	—	—	New“~$120”	—	—
Reduction in diluted weighted-average shares outstanding	—	—	—	—	—	—	—	New“4 million shares”
Total % of Consumption Hedged	New“21 %”	Reiterated“21 %”	Raised“46 %”	—	—	—	—	—
For FY2025
Adjusted EBITDA	—	—	—	—	New“approximately $2.72 billion”	—	—	—
Adjusted EBITDA	—	—	—	—	New“~$555 million”	—	—	—
Adjusted EBITDA	—	New“approximately $2.72 billion”	Reiterated“approximately $2.72 billion”	Reiterated“approximately $2.72 billion”	—	—	—	—
Adjusted EBITDA	—	—	—	New“~$1.015 billion”	—	—	—	—
Adjusted EBITDA	—	—	New“~$670 million”	—	—	—	—	—
Adjusted EBITDA	—	New“~$435 million”	—	—	—	—	—	—
Adjusted EBITDA year-over-year increase	—	—	New“an 11.0% increase versus 2024”	—	—	—	—	—
Adjusted EPS	—	New“$2.05”	Reiterated“$2.05”	Reiterated“$2.05”	Raised“$2.10”	—	—	—
Adjusted EPS	—	—	—	—	New“~$0.27”	—	—	—
Adjusted EPS	—	—	—	New“~$1.14”	—	—	—	—
Adjusted EPS	—	—	New“~$0.51”	—	—	—	—	—
Adjusted EPS	—	New“~$0.08”	—	—	—	—	—	—
Adjusted EPS year-over-year increase	—	—	New“increasing approximately 13% year-over-year”	—	—	—	—	—
Adjusted Net Income	—	New“approximately $1,065 million”	—	Lowered“approximately $1,045 million”	Reiterated“approximately $1.045 billion”	—	—	—
Adjusted Net Income	—	—	—	—	New“~$127 million”	—	—	—
Adjusted Net Income	—	—	—	New“~$571 million”	—	—	—	—
Adjusted Net Income	—	—	New“approximately $1,045 million”	—	—	—	—	—
Adjusted Net Income	—	—	New“~$257 million”	—	—	—	—	—
Adjusted Net Income	—	New“~$37 million”	—	—	—	—	—	—
Adjusted Operational EBITDA Margin	—	New“approximately 37%”	Reiterated“approximately 37%”	Reiterated“approximately 37%”	Reiterated“approximately 37%”	—	—	—
% of HFO Consumption Hedged	New“46 %”	—	—	—	—	—	—	—
% of MGO Consumption Hedged	New“54 %”	—	—	—	—	—	—	—
Adjusted Interest Expense, net	—	—	New“~$175 million”	—	—	—	—	—
Adjusted Interest Expense, net	—	New“~$700 million”	Reiterated“~$700 million”	—	—	—	—	—
Adjusted Interest Expense, net	—	New“~$170 million”	—	—	—	—	—	—
Adjusted Net Cruise Cost excluding Fuel per Capacity Day	—	—	—	—	New“expected to grow approximately 0.75% on a Constant Currency basis versus 2024”	—	—	—
Adjusted Net Cruise Cost Excluding Fuel per Capacity Day (As Reported)	—	—	—	—	New“~1.2%”	—	—	—
Adjusted Net Cruise Cost Excluding Fuel per Capacity Day (As Reported)	—	—	—	New“~0.85%”	—	—	—	—
Adjusted Net Cruise Cost Excluding Fuel per Capacity Day (As Reported)	—	—	New“~1.4%”	—	—	—	—	—
Adjusted Net Cruise Cost Excluding Fuel per Capacity Day (As Reported)	—	New“~$161”	—	—	—	—	—	—
Adjusted Net Cruise Cost Excluding Fuel per Capacity Day (Constant Currency)	—	New“~$171”	—	—	—	—	—	—
Adjusted Net Cruise Cost Excluding Fuel per Capacity Day (Constant Currency)	—	New“~$162”	—	—	—	—	—	—
Adjusted Net Cruise Cost Excluding Fuel per Capacity Day growth (As Reported)	—	New“~3.8%”	—	—	—	—	—	—
Adjusted Net Cruise Cost Excluding Fuel per Capacity Day growth excluding Dry-dock impact	—	New“~2.1%”	—	—	—	—	—	—
Blended HFO and MGO Hedge Price / Metric Ton	—	New“$597”	Raised“$615”	Raised“$617”	—	—	—	—
Blended HFO Hedge Price / Metric Ton	New“$410”	—	—	—	—	—	—	—
Blended MGO Hedge Price / Metric Ton	New“$721”	—	—	—	—	—	—	—
Capacity Days	—	—	—	—	New“~6.28 million”	—	—	—
Capacity Days	—	New“~24.55 million”	Lowered“~24.545 million”	Lowered“~24.50 million”	Lowered“~24.45 million”	—	—	—
Capacity Days	—	—	—	New“~6.40 million”	—	—	—	—
Capacity Days	—	—	New“~6.06 million”	—	—	—	—	—
Capacity Days	—	New“~5.71 million”	—	—	—	—	—	—
Depreciation and Amortization	—	—	—	—	New“~$259 million”	—	—	—
Depreciation and Amortization	—	New“~$985 million”	Reiterated“~$985 million”	Reiterated“~$985 million”	Reiterated“~$985 million”	—	—	—
Depreciation and Amortization	—	—	—	New“~$252 million”	—	—	—	—
Depreciation and Amortization	—	—	New“~$245 million”	—	—	—	—	—
Depreciation and Amortization	—	New“~$230 million”	—	—	—	—	—	—
Diluted Weighted-Average Shares Outstanding	—	—	—	—	New“~467 million”	—	—	—
Diluted Weighted-Average Shares Outstanding	—	New“~520 million”	Lowered“~511 million”	Lowered“~507 million”	Lowered“~496 million”	—	—	—
Diluted Weighted-Average Shares Outstanding	—	—	—	New“~503 million”	—	—	—	—
Diluted Weighted-Average Shares Outstanding	—	—	New“~508 million”	—	—	—	—	—
Diluted Weighted-Average Shares Outstanding	—	New“~441 million”	—	—	—	—	—	—
Export Credit Financing for Newbuild-and-Growth Capital Expenditures	—	—	—	—	New“~$50”	—	—	—
Export Credit Financing for Newbuild-and-Growth Capital Expenditures	—	New“~$1.5”	—	—	Raised“~$1.6”	—	—	—
Export Credit Financing for Newbuild-and-Growth Capital Expenditures	—	New“~$850”	Raised“$893”	—	—	—	—	—
Export Credit Financing for Newbuild-and-Growth Capital Expenditures (billions)	—	—	New“~$1.6”	—	—	—	—	—
Export Credit Financing for Newbuild-and-Growth Capital Expenditures (in billions)	—	—	—	New“~$1.6”	—	—	—	—
Export Credit Financing for Newbuild-and-Growth Capital Expenditures (in millions)	—	—	—	New“~$682”	—	—	—	—
Export Credit Financing for Newbuild-and-Growth Capital Expenditures (millions)	—	—	New“~$0”	—	—	—	—	—
Foreign currency exchange rate assumption - Australian Dollar	—	—	—	New“$0.66”	—	—	—	—
Foreign currency exchange rate assumption - British pound	—	—	—	New“$1.37”	—	—	—	—
Foreign currency exchange rate assumption - Canadian Dollar	—	—	—	New“$0.73”	—	—	—	—
Foreign currency exchange rate assumption - Euro	—	—	—	New“$1.18”	—	—	—	—
Fuel consumption in metric tons	—	—	—	—	New“263,000”	—	—	—
Fuel consumption in metric tons	—	New“990,000”	Raised“1,010,000”	Reiterated“1,010,000”	Lowered“993,000”	—	—	—
Fuel consumption in metric tons	—	—	—	New“250,000”	—	—	—	—
Fuel consumption in metric tons	—	—	New“245,000”	—	—	—	—	—
Fuel consumption in metric tons	—	New“255,000”	—	—	—	—	—	—
Fuel price per metric ton, net of hedges	—	—	—	—	New“$672”	—	—	—
Fuel price per metric ton, net of hedges	—	New“$722”	Lowered“$687”	Raised“$690”	Reiterated“$690”	—	—	—
Fuel price per metric ton, net of hedges	—	—	—	New“$725”	—	—	—	—
Fuel price per metric ton, net of hedges	—	—	New“$680”	—	—	—	—	—
Fuel price per metric ton, net of hedges	—	New“$690”	—	—	—	—	—	—
Interest Expense, net	—	—	—	—	New“~$179 million”	—	—	—
Interest Expense, net	—	—	—	New“~$700 million”	Lowered“~$690 million”	—	—	—
Interest Expense, net	—	—	—	New“~$180 million”	—	—	—	—
Net Leverage	—	—	New“approximately 5x”	Raised“approximately 5.2x”	Raised“~5.3x”	—	—	—
Net Leverage	—	New“~5.7x”	—	—	—	—	—	—
Net Leverage (year-end)	—	New“approximately 5x or better”	—	—	—	—	—	—
Net Yield (As Reported)	—	New“~$278”	—	—	—	—	—	—
Net Yield (As Reported)	—	New“~$301”	—	—	—	—	—	—
Net Yield (Constant Currency)	—	New“~$279”	—	—	—	—	—	—
Net Yield (Constant Currency)	—	New“~$303”	—	—	—	—	—	—
Net Yield on a Constant Currency basis	—	New“approximately 3.0%”	Lowered“between 2.0% and 3.0%”	Narrowed“approximately 2.5%”	Changed“expected to increase approximately 2.4-2.5% versus 2024”	—	—	—
Newbuild-and-Growth Capital Expenditures, Gross	—	—	—	—	New“~$351”	—	—	—
Newbuild-and-Growth Capital Expenditures, Gross	—	New“~$2.5”	—	—	Raised“~$2.7”	—	—	—
Newbuild-and-Growth Capital Expenditures, Gross	—	New“~$1,295”	Raised“$1,361”	—	—	—	—	—
Newbuild-and-Growth Capital Expenditures, Gross (billions)	—	—	New“~$2.6”	—	—	—	—	—
Newbuild-and-Growth Capital Expenditures, Gross (in billions)	—	—	—	New“~$2.7”	—	—	—	—
Newbuild-and-Growth Capital Expenditures, Gross (in millions)	—	—	—	New“~$842”	—	—	—	—
Newbuild-and-Growth Capital Expenditures, Net of Financing	—	—	—	—	New“~$301”	—	—	—
Newbuild-and-Growth Capital Expenditures, Net of Financing	—	New“~$1.0”	—	—	Raised“~$1.1”	—	—	—
Newbuild-and-Growth Capital Expenditures, Net of Financing	—	—	—	New“$176”	—	—	—	—
Newbuild-and-Growth Capital Expenditures, Net of Financing	—	New“~$445”	Raised“$468”	—	—	—	—	—
Newbuild-and-Growth Capital Expenditures, Net of Financing (billions)	—	—	New“~$1.0”	—	—	—	—	—
Newbuild-and-Growth Capital Expenditures, Net of Financing (in billions)	—	—	—	New“~$1.1”	—	—	—	—
Newbuild-and-Growth Capital Expenditures, Net of Financing (in millions)	—	—	—	New“~$160”	—	—	—	—
Newbuild-and-Growth Capital Expenditures, Net of Financing (millions)	—	—	New“~$225”	—	—	—	—	—
Newbuild-related capital expenditures, net of export credit financing	New“$0.8 billion”	—	—	—	—	—	—	—
Occupancy	—	—	—	—	New“~101.9%”	—	—	—
Occupancy	—	New“~103.4%”	Lowered“~102.5%”	Raised“~103.0%”	Raised“~103.5%”	—	—	—
Occupancy	—	—	—	New“~105.5%”	—	—	—	—
Occupancy	—	—	New“~103.2%”	—	—	—	—	—
Occupancy	—	New“~101.5%”	—	—	—	—	—	—
Other Capital Expenditures	—	—	—	—	New“~$149”	—	—	—
Other Capital Expenditures	—	New“~$590”	—	—	Reiterated“~$590”	—	—	—
Other Capital Expenditures	—	—	—	New“$159”	—	—	—	—
Other Capital Expenditures	—	New“~$130”	—	—	—	—	—	—
Other Capital Expenditures (in millions)	—	—	—	New“~$136”	—	—	—	—
Other Capital Expenditures (in millions)	—	—	—	New“~$590”	—	—	—	—
Other Capital Expenditures (millions)	—	—	New“~$130”	—	—	—	—	—
Other Capital Expenditures (millions)	—	—	New“~$590”	—	—	—	—	—
Total % of Consumption Hedged	New“51 %”	Raised“56 %”	Raised“61 %”	—	—	—	—	—
For FY2024
Adjusted EBITDA	New“approximately $2.425 billion”	—	—	—	—	—	—	—
Adjusted EBITDA	New“~$445 million”	—	—	—	—	—	—	—
Adjusted EBITDA growth vs. initial	New“$225 million above our initial guidance, growing 30% year-over-year”	—	—	—	—	—	—	—
Adjusted EPS	New“$1.65”	—	—	—	—	—	—	—
Adjusted EPS	New“~$0.09”	—	—	—	—	—	—	—
Adjusted EPS growth vs. initial	New“$0.42 above initial guidance, growing approximately 136% year-over-year”	—	—	—	—	—	—	—
Adjusted Net Income	New“approximately $855 million”	—	—	—	—	—	—	—
Adjusted Net Income	New“~$40 million”	—	—	—	—	—	—	—
Adjusted Operational EBITDA Margin	New“35.3%”	—	—	—	—	—	—	—
% of HFO Consumption Hedged	New“40 %”	—	—	—	—	—	—	—
% of MGO Consumption Hedged	New“62 %”	—	—	—	—	—	—	—
Adjusted Interest Expense, net	New“~$175 million”	—	—	—	—	—	—	—
Adjusted Interest Expense, net	New“~$720 million”	—	—	—	—	—	—	—
Adjusted Net Cruise Cost excluding Fuel per Capacity Day	New“flat to prior year excluding the impact of Dry-docks”	—	—	—	—	—	—	—
Adjusted Net Cruise Cost Excluding Fuel per Capacity Day (Constant Currency)	New“~$155”	—	—	—	—	—	—	—
Adjusted Net Cruise Cost Excluding Fuel per Capacity Day (Constant Currency)	New“~$159”	—	—	—	—	—	—	—
Adjusted Net Cruise Cost Excluding Fuel per Capacity Day (excluding Dry-dock impact, As Reported)	New“$150”	—	—	—	—	—	—	—
Adjusted Net Cruise Cost Excluding Fuel per Capacity Day (excluding Dry-dock impact, As Reported)	New“$155”	—	—	—	—	—	—	—
Adjusted Net Cruise Cost Excluding Fuel per Capacity Day (excluding Dry-dock impact, Constant Currency)	New“$149”	—	—	—	—	—	—	—
Adjusted Net Cruise Cost Excluding Fuel per Capacity Day (excluding Dry-dock impact, Constant Currency)	New“$154”	—	—	—	—	—	—	—
Adjusted ROIC	New“double-digit”	—	—	—	—	—	—	—
Blended HFO Hedge Price / Metric Ton	New“$397”	—	—	—	—	—	—	—
Blended MGO Hedge Price / Metric Ton	New“$743”	—	—	—	—	—	—	—
Capacity Days	New“~5.85 million”	—	—	—	—	—	—	—
Capacity Days	New“~23.46 million”	—	—	—	—	—	—	—
Depreciation and Amortization	New“~$230 million”	—	—	—	—	—	—	—
Depreciation and Amortization	New“~$895 million”	—	—	—	—	—	—	—
Diluted Weighted-Average Shares Outstanding	New“~445 million”	—	—	—	—	—	—	—
Diluted Weighted-Average Shares Outstanding	New“~515 million”	—	—	—	—	—	—	—
Fuel consumption in metric tons	New“246,000”	—	—	—	—	—	—	—
Fuel consumption in metric tons	New“995,000”	—	—	—	—	—	—	—
Fuel consumption mix (HFO/MGO)	New“expected to be split approximately evenly between heavy fuel oil and marine gas oil”	—	—	—	—	—	—	—
Fuel price per metric ton, net of hedges	New“$700”	—	—	—	—	—	—	—
Fuel price per metric ton, net of hedges	New“$714”	—	—	—	—	—	—	—
Net Leverage	New“~5.4 times”	—	—	—	—	—	—	—
Net newbuild-related capital expenditures	New“approximately $59 million”	—	—	—	—	—	—	—
Net Yield (% change, As Reported)	New“~9.5%”	—	—	—	—	—	—	—
Net Yield ($ per Capacity Day, As Reported)	New“~$261”	—	—	—	—	—	—	—
Net Yield ($ per Capacity Day, Constant Currency)	New“~$260”	—	—	—	—	—	—	—
Net Yield ($ per Capacity Day, Constant Currency)	New“~$293”	—	—	—	—	—	—	—
Net Yield on a Constant Currency basis	New“approximately 9.4%”	—	—	—	—	—	—	—
Newbuild-related capital expenditures, net of export credit financing	New“approximately $0.3 billion”	—	—	—	—	—	—	—
Non-newbuild capital expenditures	New“approximately $575 million”	—	—	—	—	—	—	—
Non-newbuild capital expenditures	New“approximately $142 million”	—	—	—	—	—	—	—
Occupancy	New“approximately 105.0%”	—	—	—	—	—	—	—
Occupancy	New“~101.0%”	—	—	—	—	—	—	—
Total % of Consumption Hedged	New“51 %”	—	—	—	—	—	—	—
No period stated
Annualized savings identified (in addition to previously announced $125 million)	—	—	—	—	—	—	—	New“$100 million”
Australian Dollar	New“$0.69”	Lowered“$0.62”	Raised“$0.64”	Raised“$0.66”	—	—	—	—
British pound	New“$1.34”	Lowered“$1.24”	Raised“$1.33”	Raised“$1.37”	—	—	—	—
Canadian Dollar	New“$0.74”	Lowered“$0.69”	Raised“$0.72”	Raised“$0.73”	—	—	—	—
Euro	New“$1.11”	Lowered“$1.04”	Raised“$1.14”	Raised“$1.18”	—	—	—	—
Expected annualized run-rate savings	—	—	—	—	—	—	New“approximately $125 million”	Lowered“~$100 million”
Newbuild program additional berths	—	New“approximately 25,000”	—	—	—	—	—	—
Newbuild program vessels	—	New“eight state-of-the-art vessels”	—	—	—	—	—	—

Values in quotation marks are the company’s words. Change labels compare each statement with the same metric and target year in the previous release. HighGravityData does not judge whether guidance was met.