CCL
Carnival Corporation
September 29, 2026 · pre-market
- Rarity
- 3.89
- Peak move
- +13.95%
- Float cap
- $23.7B
Carnival Corporation is the largest global cruise company and among the largest leisure travel companies. It operates a portfolio of world-class cruise lines, including Carnival Cruise Line, Princess Cruises, Holland America Line, Cunard, Costa Cruises, AIDA Cruises, P&O Cruises, and Seabourn. The company provides cruise vacations to millions of guests annually across contemporary, premium, and luxury segments, primarily in North America and Europe.
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What we found
22 events · 2 from SEC or newswire · 2 timed with the move- Timed with the move
earnings_releaseCarnival Corporation reported third-quarter 2026 revenue of $8.435 billion, net income of $1.9 billion, diluted EPS of $1.40, adjusted EPS of $1.43, adjusted net income of $2.0 billion and adjusted EBITDA of $3.0 billion, and provided an updated outlook.
SEC8-K 0000815097-26-000104wireprnewswire.com - Key eventTimed with the move
guidance_changeCarnival raised its full-year 2026 outlook, expecting operational improvement of more than $150 million in adjusted net income versus June guidance despite higher fuel prices.
SEC8-K 0000815097-26-000104 commodity_eventSaudi Arabia resumed crude exports through its East-West pipeline to the Red Sea after repairing damage from Sept 10 drone strikes, with flows reaching at least 3.5 million barrels per day versus 7 million bpd capacity and full restoration possibly taking about six weeks.
geopoliticalSaudi-led coalition forces intercepted Houthi ballistic missiles and drones fired at Saudi Arabia on Sept 26 amid an escalation in the US-Iran war that has disrupted Strait of Hormuz flows.
earnings_releaseCarnival Corporation reported fiscal third-quarter 2026 results on September 29, 2026, with analysts expecting adjusted EPS of about $1.35-$1.36 on revenue near $8.3-$8.5 billion versus $1.43 EPS a year earlier.
earnings_releaseCarnival reported fiscal third-quarter 2026 results before the market open on September 29, 2026, with adjusted EPS of $0.35 against analyst consensus as its unhedged fuel position absorbed Brent crude near $105 per barrel.
commodity_eventBrent rose 1.74% to $106.14 and WTI 1.23% to $93.55 on Sept 28 as US-Iran talks stalled over the Strait of Hormuz, while Middle East crude exports recovered to 12.8 million bpd in September.
demand_signalSusquehanna flagged Royal Caribbean's new joint venture with Sandals Resorts as a long-term threat to Caribbean yields for Carnival and Norwegian Cruise Line, cutting its Carnival price target to $28 from $33, while Wells Fargo trimmed near-term yield expectations to $36 from $38 on low-priced Caribbean alternatives.
- Key event
commodity_eventBrent crude rose on Sept 28 after President Trump rejected Iran's seven-day proposal to reopen the Strait of Hormuz, with Brent up 2.65% to $107.08 and WTI up 1.79% to $94.06 in one report and Brent up 3.8% to $108.30 and WTI up 3.81% to $95.93 in another.
geopoliticalPresident Trump on Sept 27 rejected Iran's offer to reopen the Strait of Hormuz within seven days in exchange for lifting the US naval blockade of Iranian ports and oil sanctions, saying Tehran had "overplayed its hand," with talks expected to resume the following week.
- Key event
commodity_eventBrent crude rose more than 30% from August amid renewed Middle East tensions, with oil oscillating around $90-100 per barrel, and Carnival guided Q3 fuel cost near $812 per metric ton and said $500 million-plus in added fuel costs forced a full-year outlook revision.
analyst_ratingGoldman Sachs lowered its Carnival price target to $30 from $35 while keeping a Buy rating, arguing that 2027 Street estimates may still need to come down further on fuel and demand concerns.
operational_disruptionA nor'easter and Hurricane Polo forced Carnival itinerary changes, including Carnival Sunshine's return to Norfolk pushed about 24 hours to Sept 28, Carnival Pride delayed in Baltimore, and Carnival Venezia's Bermuda stay shortened.
operational_disruptionCarnival Celebration cancelled its Sept 25 call at RelaxAway-Half Moon Cay after Captain Vincenzo Alcaras determined unsafe swells prevented docking, with shore excursions refunded and the ship continuing to Celebration Key.
operational_disruptionHurricane Polo forced Carnival Cruise Line to modify the Carnival Panorama's eight-night Mexican Riviera cruise departing Long Beach on September 26, 2026, cancelling calls at Puerto Vallarta and Mazatlan and adding Ensenada.
commodity_eventBrent crude settled up 3.4% at $106.60 a barrel and WTI rose 2.7% to $94.61 after Houthi missile attacks on Saudi Arabia raised supply-disruption fears.
geopoliticalBrent held above $100 a barrel on Sept 25 as US and Iranian negotiators in New York explored a phased deal to reopen the Strait of Hormuz and lift the US blockade, while Iranian President Masoud Pezeshkian told the UN Tehran would not permit free navigation while sanctions and the naval blockade remain.
analyst_ratingUBS maintained a Buy rating on Carnival with a $36 price target on Sept 25, 2026.
peer_disclosureRoyal Caribbean Group agreed on Sept 23 to acquire a 50% equity interest in Sandals and Beaches Resorts for approximately $3 billion, funded by Morgan Stanley-arranged debt, in a JV led jointly by Jason Liberty and Adam Stewart, with closing expected early 2027.
commodity_eventBrent crude rose 2.18% to $105.33 a barrel and WTI climbed as Saudi Arabia's East-West pipeline reopened after a 15-day outage, with US-Iran talks at the UN General Assembly yielding little progress and Brent trading near $107 on Sept 29.
geopoliticalSaudi Arabia intercepted six ballistic missiles fired by Yemen's Iran-backed Houthis targeting the Taif province and the Red Sea Yanbu area on Sept 24, as Iranian airlines were barred from neighbouring countries under new US secondary sanctions.
analyst_ratingBank of America's Andrew Didora reiterated a Buy rating on Carnival but cut his price target to $38 from $42 on Sept 24, citing higher fuel prices and Carnival being the only major unhedged cruise line.