HighGravityDataRoyal Caribbean Cruises — Jul 28, 2026 release
Fiscal 2026 second-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000884887-26-000036
Showing in the filing
Adjusted EPS
“$17.73 to $17.87”
Period
FY2026
Measure
Company-defined measure
Source
Prose
All guidance in this release · 53
Revenue growth for FY2026
“9%”
Net Yields for FY2026
“2.35% to 2.85% as-reported and 1.75% to 2.25% in Constant Currency”
Net Yields vs. 2025 (Constant Currency) for FY2026
“1.75% to 2.25%”
Net Yields (As-Reported & Constant Currency) for Q3 FY2026
“approximately flat”
Perfecta Program Adjusted EPS CAGR (first tw… for the long term
“23%”
Perfecta Program Adjusted EPS CAGR target for the long term
“20%”
Total revenue growth for Q3 FY2026
“8%”
NCC excluding Fuel per APCD (As-Reported) for Q3 FY2026
“1.7% to 1.2%”
NCC, excluding Fuel, per APCD for Q3 FY2026
“1.7% to 1.2% as-reported and 1.6% to 1.1% in Constant Currency”
NCC excluding Fuel per APCD (Constant Curren… for Q3 FY2026
“1.6% to 1.1%”
Fuel Forecasted Consumption Hedged via swaps for FY2026
“58%”
Fuel Hedged via swaps (Q3) for Q3 FY2026
“58%”
Fuel Forecasted Consumption Hedged via swaps for FY2027
“53%”
Fuel Forecasted Consumption Hedged via swaps for FY2028
“29%”
Fuel Forecasted Consumption Hedged via swaps for FY2029
“14%”
Hedge Portfolio Annual Average Cost per Metr… for FY2026
“approximately $474”
Fuel Consumption (metric tons) for Q3 FY2026
“441,000”
Fuel Consumption (metric tons) for FY2026
“1,756,000”
Fuel expense for Q3 FY2026
“$362 million”
Fuel Expense (Q3) for Q3 FY2026
“$362 million”
Fuel Expenses for FY2026
“$1,338 million”
Percent Hedged (fwd. consumption) for Q3 FY2026
“58.0%”
Net Cruise Costs per APCD vs. 2025 (As-Repor… for Q3 FY2026
“0.3% to 0.8%”
Net Cruise Costs per APCD vs. 2025 (Constant… for Q3 FY2026
“0.4% to 0.9%”
Net Cruise Costs per APCD ex. Fuel vs. 2025 … for Q3 FY2026
“(1.7)% to (1.2)%”
Net Cruise Costs per APCD ex. Fuel vs. 2025 … for Q3 FY2026
“(1.6)% to (1.1)%”
Net Yields vs. 2025 (As-Reported) for FY2026
“2.35% to 2.85%”
Net Cruise Costs per APCD vs. 2025 (As-Repor… for FY2026
“Approximately 1.7%”
Net Cruise Costs per APCD vs. 2025 (Constant… for FY2026
“Approximately 1.4%”
NCC, excluding Fuel, per APCD (as-reported) for FY2026
“approximately 0.4%”
Net Cruise Costs per APCD ex. Fuel vs. 2025 … for FY2026
“Approximately 0.4%”
APCDs for Q3 FY2026
“14.9 million”
APCDs for FY2026
“56.9 million”
Capacity change vs. 2025 for Q3 FY2026
“8.5%”
Capacity change vs. 2025 for FY2026
“6.6%”
Depreciation and amortization for Q3 FY2026
“$485 to $495 million”
Depreciation and amortization for FY2026
“$1,905 to $1,915 million”
Net Interest, excluding loss on extinguishme… for Q3 FY2026
“$255 to $265 million”
Net Interest, excluding loss on extinguishme… for FY2026
“$980 to $990 million”
Adjusted EPS for Q3 FY2026
“$6.26 to $6.36”
Adjusted EPS for Q3 FY2026
“$6.26 to $6.36”
Adjusted EPS for FY2026
“$17.73 to $17.87”
Share Repurchase Program Remaining Authoriza…
“$805 million”
Capital expenditures for FY2026
“approximately $4.7 billion”
Non-new ship related capital expenditures for FY2026
“$1.6 billion”
Capacity changes for FY2026
“6.6%”
Capacity change vs. 2025 for FY2028
“6%”
Capacity change vs. 2025 for FY2027
“4%”
Capacity changes for FY2027
“4%, 6%, and 7%”
Capacity change vs. 2025 for FY2029
“7%”
Perfecta Program ROIC target (Definitions) for FY2027
“17% or higher”
Private Destinations Portfolio for FY2028
“from three to eight”
River Cruising Launch for FY2027
“enter river cruising in 2027”
Exhibit 99.1 · the passage around this item
… earlier in the release
2025 Approximately 0.4% Approximately Flat GUIDANCE Third Quarter 2026 Full Year 2026 APCDs 14.9 million 56.9 million Capacity change vs. 2025 8.5% 6.6% Depreciation and amortization $485 to $495 million $1,905 to $1,915 million Net Interest, excluding loss on extinguishment of debt $255 to $265 million $980 to $990 million Adjusted EPS $6.26 to $6.36 $17.73 to $17.87 SENSITIVITY Third Quarter 2026 Full Year 2026 1% Change in Net Yields $45 million $156 million 1% Change in NCC excluding Fuel $18 million $73 million Third Quarter 2026 Remainder of Year 2026 1% Change in Currency $8 million $14 million 10% Change in Fuel prices $13 million $26 million 100 basis pt. Change in SOFR $0.2 million $1.8 million Exchange rates used in guidance calculations GBP $1.34 AUD $0.70 CAD $0.71 EUR $1.14 Liquidity As of June 30, 2026, the Group’s liquidity position was $6.9 billion, which includes cash and cash equivalents and undrawn revolving credit facility capacity. In July, the company increased its revolving credit facility capacity by $250 million, through the accordion feature, to a total capacity of $6.6 billion. During the second quarter, the company returned over $600 million to shareholders through $199 million of share repurchases, totaling 0.8 million shares, and $404 million of dividend payments. The company has $805 million remaining under its current share repurchase program authorization. The company noted that as of June 30, 2026, the scheduled debt maturities for 2026, 2027, 2028, 2029 and 2030 were $0.9 billion, $2.7 billion, $3.4 billion,
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.