Citable filing context
CCL's research view summarizes recent SEC filing context, starting with earnings from Sep 29, 2026.
| Filed | Item | Context |
|---|---|---|
| Sep 29, 2026 | earnings | Carnival Corporation reported third quarter 2026 net income of $1.9 billion and record revenues, net yields, and net income. |
| Aug 5, 2026 | debt_offering | Carnival Corporation issued a notice to redeem $500 million of its 7.000% senior secured notes due 2029. |
| Jun 23, 2026 | earnings | Carnival Corporation reported record Q2 2026 revenues of $6.7 billion and net income of $537 million. |
| Sep 29, 2026 | Guidance: adjusted_ebitda | not reported to not reported |
| Sep 29, 2026 | Guidance: adjusted_ebitda | not reported to not reported |
| Sep 29, 2026 | Guidance: adjusted_eps | not reported to not reported |
| Sep 29, 2026 | mda_quarterly | Carnival Corporation Ltd. completed its dual-listed company structure unification and redomiciled to Bermuda in May 2026. For the nine months ended August 31, 2026, total revenues rose to $21.26 billion from $20.29 billion in the prior year, driven by a 1.3% capacity increase in available lower berth days, higher ticket prices, and increased onboard spending. Net income for the nine-month period grew to $2.73 billion, up from $2.35 billion. However, third-quarter operating income fell slightly to $2.22 billion due to headwinds from higher fuel prices, which averaged $826 per metric ton, and rising regulatory costs from the EU Emissions Trading System, projected to impact fiscal 2026 by approximately $160 million. As of August 31, 2026, Carnival maintained $5.7 billion in total liquidity, including $1.2 billion in cash and $4.5 billion available under its revolving facility, alongside $10.7 billion in undrawn export credit facilities. Total debt stood at $24.56 billion, down after $2.2 billion in repayments during the first nine months. The company continues to operate with a typical working capital deficit of $9.1 billion, supported by $7.6 billion in total customer deposits. Newbuild capital commitments total $18.3 billion through 2030 and beyond. |
| Jun 26, 2026 | mda_quarterly | Carnival Corporation Ltd. reported total revenues of $12.8 billion for the six months ended May 31, 2026, driven by higher ticket prices, increased onboard spending, and a 1.2% increase in available lower berth days. Despite this growth, quarterly operating income declined to $851 million, pressured by rising fuel prices, the non-recurrence of ship sale gains, and increased crew travel costs stemming from the Middle East conflict. The Europe segment saw significant revenue gains aided by favorable foreign currency translation. Regulatory headwinds are increasing as the EU Emissions Trading System now impacts all in-scope emissions. In May 2026, the company completed its dual-listed company unification and redomiciliation to Bermuda. Liquidity stands at $6.7 billion, comprising $2.2 billion in cash and $4.5 billion in revolving credit, supplemented by $10.8 billion in undrawn export credit facilities for future ship deliveries. The company has successfully reduced total debt, contributing to a 20% year-over-year decrease in six-month interest expenses. Primary financial risks include fuel price volatility, geopolitical instability, and foreign currency fluctuations. To optimize the balance sheet, the company extended the depreciable lives of its ships to 35 years. |
Source: SEC EDGAR filing text and events; period Sep 29, 2026; filed Sep 29, 2026.
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