Royal Caribbean Raises FY2025 Adj EPS Guidance from $15.41-$15.55 to $15.58-$15.63 vs $15.67 Est
Author: Benzinga Newsdesk | October 28, 2025 06:36am
The company provided the following guidance for the fourth quarter and full year 2025:
| FUEL STATISTICS | Fourth Quarter 2025 | Full Year 2025 |
| Fuel Consumption (metric tons) | 438,000 | 1,712,000 |
| Fuel Expenses | $286 million | $1,140 million |
| Percent Hedged (fwd. consumption) | 68 % | 68 % |
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| GUIDANCE | As-Reported | Constant Currency |
| Fourth Quarter 2025 |
| Net Yields vs. 2024 | 2.6% to 3.1% | 2.2% to 2.7% |
| Net Cruise Costs per APCD vs. 2024 | (6.6%) to (6.1%) | (6.9%) to (6.4%) |
| Net Cruise Costs per APCD ex. Fuel vs. 2024 | (6.2%) to (5.7%) | (6.6%) to (6.1%) |
| Full Year 2025 |
| Net Yields vs. 2024 | 3.5% to 4.0% | 3.5% to 4.0% |
| Net Cruise Costs per APCD vs. 2024 | Approximately (1.0%) | Approximately (1.2%) |
| Net Cruise Costs per APCD ex. Fuel vs. 2024 | Approximately 0.1% | Approximately (0.1%) |
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| GUIDANCE | Fourth Quarter 2025 | Full Year 2025 |
| APCDs | 14.0 million | 53.3 million |
| Capacity change vs. 2024 | 10.3 % | 5.5 % |
| Depreciation and amortization | $445 to $455 million | $1,705 to $1,715 million |
| Net Interest, excluding loss on extinguishment of debt | $245 to $255 million | $945 to $955 million |
| Adjusted EPS | $2.74 to $2.79 | $15.58 to $15.63 |
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| SENSITIVITY | Fourth Quarter 2025 | Full Year 2025 |
| 1% Change in Net Yields | $34 million | $141 million |
| 1% Change in NCC excluding Fuel | $19 million | $68 million |
| Fourth Quarter 2025 | Remainder of Year 2025 |
| 1% Change in Currency | $5 million | $5 million |
| 10% Change in Fuel prices | $13 million | $13 million |
| 100 basis pt. Change in SOFR | $1 million | $1 million |
Posted In: RCL
