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
Share Repurchase Program Remaining Authorization
“$805 million”
Period
No period stated
Measure
Declared action
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
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, $1.2 billion, and $1.3 billion respectively. Capital Expenditures and Capacity Guidance Capital expenditures for the full year 2026 are expected to be approximately $4.7 billion, based on current foreign exchange rates and are predominantly related to the company's new ship order book and land-based destination initiatives. The company took delivery of Legend of the Seas during the second quarter. In April the company also announced orders for Icon VI and Icon VII, with committed financing in place. Non-new ship related capital expenditures are expected to be $1.6 billion. Capacity changes for 2026 are expected to be 6.6% compared to 2025. Capacity changes for 2027, 2028, and 2029 are expected to be 4%, 6%, and 7%, respectively. These figures do not include potential ship sales or additions that the company may elect in the future. Page 1 Conference call scheduled The company has scheduled a conference call at 10 a.m. Eastern Time today. This call can be heard
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.