Lindblad Expeditions posts record Q3 profit and raises 2026 outlook after Antarctic and aviation acquisitions
Lindblad Expeditions Holdings reported third‑quarter 2026 revenue of $269.2 million, a 12 % year‑over‑year increase, and net income of $24.2 million, the strongest quarterly profit in its history. Adjusted EBITDA rose 12 % to $64.1 million. The company completed majority‑ownership purchases of White Desert and Echo Charlie, expanding its luxury Antarctic and air‑travel offerings. It lifted its full‑year 2026 revenue guidance to $870 million‑$885 million and adjusted EBITDA guidance to $142 million‑$148 million.
Why it matters
The raised guidance signals higher expected cash flow and earnings for 2026, which could support a stronger balance sheet and potential dividend or share‑repurchase capacity (the company’s filing notes the cash and debt levels). Analysts at Seeking Alpha note the outlook upgrade as a positive catalyst for the stock.
Key facts
- 1Total revenue grew 12 % to $269.2 million for Q3 2026. sec.gov
- 2Net income available to stockholders was $24.2 million, the highest quarterly profit recorded by the company. sec.gov
- 3Adjusted EBITDA increased 12 % to $64.1 million. sec.gov
- 4Occupancy rose to 91 % from 88 % in the prior quarter. sec.gov
- 5The company acquired a majority stake in White Desert and Echo Charlie, with a cash outflow of $54.6 million for the transactions. finance.yahoo.com
- 6Full‑year 2026 tour‑revenue outlook was raised to $870 million‑$885 million and adjusted EBITDA outlook to $142 million‑$148 million. sec.gov
Summary written by AlphAI AI Desk from 15 of 15 sources. Not investment advice. Figures are as stated by the linked sources.