EarningsQ2 2026 Earnings Report
MX:OMAB Q2 2026 EPS Results
Actual EPS$3.80
Consensus EPS$3.92
Beat/MissMissed by -$0.12
One Year Ago EPS$3.46
MX:OMAB Q2 2026 Revenue Results
Actual Revenue$4.47B
Expected Revenue$4.01B
Beat/MissBeat by +$451.81M
YoY Revenue Growth+2.60%
Earnings Announcement Details
QuarterQ2 2026
Date07/27/2026
TimeAfter Close
Conference CallMonday, July 27, 2026
MX:OMAB Upcoming Earnings
Grupo Aeroportuario del Centro Norte SAB de CV's next earnings date is estimated for October 22, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:OMAB Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a broadly positive operational and financial picture: modest passenger growth, healthy revenue diversification (notably strong cargo and commercial performance), expanded adjusted EBITDA and margin expansion, significant net income growth, and a major sustainability achievement. Management also strengthened liquidity via a Ps.3.0 billion note issuance and maintained moderate leverage (net debt/EBITDA ~1.1x). Challenges include softer international traffic, carrier concentration risk, inflationary cost pressures (payroll, services, materials), elevated maintenance provisions, increased working capital usage and the risk that higher jet fuel costs could delay full tariff pass‑through to reach maximum tariffs. Overall, positives (revenue/earnings growth, sustainability milestone, cargo momentum, refinancing) outweigh the operational and cost headwinds, with management providing guidance and CapEx plans to support long‑term growth.Company Guidance
Stable Passenger Traffic with Modest Growth
OMA served 7.2 million passengers in Q2 2026, up 0.4% YoY; available seat capacity decreased 0.3%. Domestic traffic grew 0.6%, with San Luis Potosí routes to AIFA and Cancún contributing +23,000 passengers (61% of domestic growth).
Strong Airline Route Expansion and New International Services
Airlines opened 24 new routes (18 domestic, 6 international). Aeroméxico launched Monterrey–Paris (generated >14,000 passengers in the quarter) and was converted to year‑round; Iberia launched Madrid service in Monterrey (first-ever).
Revenue Growth Across Aeronautical and Commercial Lines
Total aeronautical and non-aeronautical revenues grew ~5.4% to Ps.3.6 billion. Aeronautical revenues rose ~3.9%–4% (tariff adjustment mid‑April). Commercial revenues increased ~6.7%–7% and commercial revenue per passenger reached Ps.66.4 (+6.3% YoY); commercial space occupancy 96%.
Diversification and Cargo Momentum
Diversification revenues increased ~17% YoY, driven by OMA Carga which rose ~29% due to new clients, additional high‑value cargo handling in Monterrey and higher activity in Chihuahua; industrial services up 9% to Ps.57 million.
Improved Profitability and Margin Expansion
Adjusted EBITDA increased ~6% to Ps.2.7 billion and adjusted EBITDA margin expanded to 75.2%, supported by revenue growth and cost discipline despite inflationary pressures.
Net Income and Cash Generation
Consolidated net income was Ps.1.5 billion, up 10.2% YoY. Cash generated from operating activities in Q2 was Ps.1.8 billion; quarter-end cash balance Ps.2.6 billion.
Balance Sheet Actions and Liquidity Management
Issued Ps.3.0 billion in long‑term notes (July 16) to repay Ps.1.7 billion short‑term bank debt and Ps.640 million maturing notes; total debt Ps.14.3 billion and net debt/adjusted EBITDA leverage ~1.1x.
Sustainability Milestone Achieved
OMA exceeded its sustainability‑linked bond target, achieving an 88% reduction in Scope 1 & 2 GHG emissions per passenger by end‑2025 versus the 2018 baseline (target was 58%), reflecting energy efficiency and decarbonization investments.
MX:OMAB Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed