Lindblad Expeditions Q2 adjusted EBITDA beats on higher occupancy, yield

Lindblad Expeditions expects 2026 tour revenues of $830 million to $860 million.

The company sees 2026 adjusted EBITDA of $130 million to $140 million.

• Higher occupancy and yield - Lindblad segment revenue rose on a 4% increase in net yield per available guest night and occupancy rising to 91% from 86%.
• More trips and higher pricing - Land Experiences segment revenue rose 23% due to operating additional trips and higher pricing.
• Margin expansion despite higher fuel costs - Margins expanded even as fuel costs increased, according to CEO Natalya Leahy.

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell".

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