NCLH · 10-Q · 2026Q3 · Full report
Capital Expenditure Outlook
Norwegian Cruise Line Holdings Ltd. · 2026-10-29 · Importance 56 · Surprise 24 · In source text
Anticipated ship-construction and growth expenditures, potentially including private-island developments and enhancements and other strategic growth initiatives, were $1.1 billion for the remainder of 2026, $3.1 billion in 2027, and $1.8 billion in 2028. Export-credit financing is in place for $0.6 billion, $2.0 billion, and $1.3 billion of those respective periods’ ship-construction expenditures. Other non-newbuild capital expenditures were expected to be approximately $0.1 billion for the remainder of 2026. Management expects future capital expenditures to significantly increase depreciation and amortization expense.
Key facts
- Anticipated ship-construction and growth expenditures were $1.1 billion for the remainder of 2026, $3.1 billion for 2027, and $1.8 billion for 2028. source
- Anticipated other non-newbuild capital expenditures for the remainder of 2026 were approximately $0.1 billion. source
- Future expected capital expenditures are expected to significantly increase depreciation and amortization expense. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | committed | -11.0% | Anticipated ship-construction and growth expenditures were $1.1 billion for the remainder of 2026, $3.1 billion for 2027, and $1.8 billion… |
| cash | negative | committed | -6.4% | Anticipated ship-construction and growth expenditures were $1.1 billion for the remainder of 2026, $3.1 billion for 2027, and $1.8 billion… |
| cash | negative | committed | -3.9% | Anticipated ship-construction and growth expenditures were $1.1 billion for the remainder of 2026, $3.1 billion for 2027, and $1.8 billion… |
| cash | negative | committed | -0.4% | Anticipated other non-newbuild capital expenditures for the remainder of 2026 were approximately $0.1 billion. |