Lindblad Expeditions Q1 Adjusted EBITDA rises, beats estimates

Lindblad Expeditions Holdings

05/05/2026 12:44

Overview

US expedition cruise operator's Q1 revenue rose 16% yr/yr on higher pricing and record occupancy

Adjusted EBITDA for Q1 rose 16% and beat analyst expectations

Company repurchased $23 mln in shares and warrants under $35 mln buyback plan

Outlook

Company expects full-year 2026 tour revenues of $800 mln to $850 mln

Company sees full-year 2026 adjusted EBITDA of $130 mln to $140 mln

Result Drivers

RECORD OCCUPANCY - Occupancy rose to 93%, the highest in company history, supporting higher yields and revenue

ITINERARY CHANGES - Land Experiences segment benefited from itinerary changes in addition to higher pricing

Company press release: ID:nPn9PxYSXa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
$0.09
Q1 Net Income
$6 mln
Q1 Adjusted EBITDA
Beat
$34.83 mln
$33.20 mln (6 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the hotels, motels & cruise lines peer group is "buy"

Wall Street's median 12-month price target for Lindblad Expeditions Holdings Inc is $25.00, about 40.1% above its May 4 closing price of $17.84

The stock recently traded at 172 times the next 12-month earnings vs. a P/E of 198 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)