Every material Form 8-K Carnival filed with the SEC in 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Carnival Corporation established a commercial paper program on November 3, 2026, allowing it to issue short-term, unsecured notes with an aggregate outstanding limit of $2.0 billion. The notes carry maturities of up to 180 days and are guaranteed by Carnival UK Ltd., with proceeds expected for general corporate purposes. The filing gives no pricing, usage amounts, or changes to earnings, so the program's direct effect on shareholders depends on how much the company borrows under it.
Program allows notes outstanding of up to $2.0 billion at any time, with amounts that can be borrowed, repaid and re-borrowed.
Notes mature in up to 180 days and rank equally with the company's other unsecured, unsubordinated debt.
The company plans to use its revolving credit facility as a liquidity backstop for borrowings under the program.
Dealer agreements and an issuing and paying agent agreement govern the program; the form of dealer agreement is filed as Exhibit 10.1.
Carnival reported record third-quarter 2026 results for the period ended August 31, with net income attributable to the company of $1.92 billion, up from $1.85 billion a year earlier, and revenue of $8.4 billion, up from $8.2 billion. The company said its full-year 2026 adjusted net income outlook improved by more than $150 million compared with June guidance, offsetting a $150 million impact from higher fuel prices.
Q3 net income attributable to Carnival was $1.92 billion versus $1.85 billion a year earlier; total revenues were $8.4 billion versus $8.2 billion.
Diluted EPS was $1.40 versus $1.33 a year earlier; adjusted EPS was $1.43, in line with the prior year.
Full-year 2026 adjusted net income is now expected to improve by more than $150 million versus June guidance, overcoming a $150 million impact from increased fuel prices.
The company completed about $1.2 billion of share repurchases year to date and paid $618 million in dividends for the first nine months.
Carnival reported second-quarter 2026 revenue of $6.66 billion, up from $6.33 billion a year earlier, and adjusted net income of $569 million, up from $470 million. Net income attributable to the company fell to $537 million from $565 million, and diluted EPS was $0.39 versus $0.42, as fuel prices rose nearly 30%. The company has repurchased over $450 million of stock under its current buyback program, and the filing says fuel and currency changes lowered its June full-year guidance versus prior guidance by less than $0.01 per share.
Q2 2026 total revenues $6.663 billion vs. $6.328 billion; net income attributable to Carnival $537 million vs. $565 million.
Adjusted EPS $0.41 vs. $0.35 a year earlier; diluted EPS $0.39 vs. $0.42.
Full-year 2026 guidance: adjusted EPS approximately $2.22; net yields up approximately 3.2% in current dollars.
Over $450 million of stock repurchased to date; $207 million in dividends paid during the quarter.
Carnival Corporation and Carnival plc completed the unification of their dual listed company structure under Carnival Corporation Ltd., and Carnival Corporation moved its incorporation from Panama to Bermuda. Carnival plc became a wholly-owned UK subsidiary, and its London and NYSE trading and listings were cancelled. The company says the changes are expected to create a single global share price, simplify governance and reporting, reduce administrative costs and increase liquidity and index weighting.
Each Carnival plc shareholder under the scheme receives one Common Share for each Carnival plc share held at 6 p.m. (BST) on May 5, 2026
ADSs were exchanged for Common Shares of Carnival Corporation Ltd. on a one-for-one basis, and the Deposit Agreement with JPMorgan Chase Bank, N.A. was terminated
Carnival plc listings on the FCA Official List and London Stock Exchange were cancelled on May 7, 2026, and the NYSE suspended trading in the CUK ADSs and trust shares before the May 7 open
Common Shares continue to trade on the NYSE under the symbol CCL
Carnival reported first-quarter 2026 net income of $258 million, compared with a net loss of $78 million a year earlier, on revenue of $6.165 billion. The company raised its full-year 2026 adjusted net income outlook by nearly $150 million versus December guidance, partly offsetting more than $500 million in higher fuel costs, and approved an initial $2.5 billion share buyback that starts after shareholder meetings on April 17, 2026.
Q1 2026 net income attributable to Carnival was $258 million, versus a $78 million loss a year earlier; diluted EPS was $0.19.
Adjusted EPS was $0.20, compared with $0.13 a year earlier, per the company's non-GAAP reconciliation.
Full-year 2026 adjusted net income outlook improved by nearly $150 million versus December guidance, partly offsetting fuel price changes of more than $500 million.
The initial $2.5 billion share buyback will begin after the shareholder meetings expected on April 17, 2026, and has no expiration date.
Carnival Corporation and Carnival plc signed a Unification Agreement to combine their dual listed company structure into one company, Carnival Corporation, and move the parent from Panama to Bermuda. The deal is subject to shareholder, UK court, NYSE listing, SEC registration and other conditions, and can be terminated if conditions are not met by December 31, 2026.
Unification Agreement dated February 20, 2026; Carnival plc becomes a wholly-owned UK subsidiary of Carnival Corporation Ltd.
Hart-Scott-Rodino early termination received by both companies on January 29, 2026; German clearances received February 4 and February 18, 2026.
Remaining conditions include shareholder approvals, UK court sanction, NYSE listing approval, an effective Form S-4, and U.S. and German antitrust clearances.
If conditions are not satisfied or waived by December 31, 2026, the agreement may be terminated.
On February 12, 2026, Carnival plc entered into Amendment No. 1 to its Amended and Restated Deposit Agreement with JP Morgan Chase Bank, N.A., as depositary, which governs American Depositary Receipts. The amendment sets out when the agreement terminates, including automatically upon completion of the proposed unification of the dual listed company arrangement and migration of Carnival Corporation from Panama to Bermuda, and describes how holders would receive New Carnival Shares in that case. The filing does not report financial results or a dollar impact.
Amendment No. 1 signed February 12, 2026, with JP Morgan Chase Bank, N.A. as Depositary
Deposit Agreement terminates immediately and automatically upon consummation of the proposed unification and migration from Panama to Bermuda
Depositary will use reasonable efforts to distribute New Carnival Shares to ADR holders; unsold proceeds would be held in trust without interest if distribution is not possible
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Carnival filing is on SEC EDGAR ↗. 8-K briefs of other companies →