Pursuit Attractions and Hospitality earnings date
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Pursuit Attractions and Hospitality (PRSU) Q3 2026 Earnings Report
PRSU Q3 2026 EPS Results
- Actual EPS
- $2.95
- Consensus EPS
- $2.98
- Beat/Miss
- Missed by -$0.03
- One Year Ago EPS
- $2.60
PRSU Q3 2026 Revenue Results
- Actual Revenue
- $251.53M
- Expected Revenue
- $247.10M
- Beat/Miss
- Beat by +$4.43M
- YoY Revenue Growth
- +4.36%
Earnings Announcement Details
- Quarter
- Q3 2026
- Date
- 11/04/2026
- Time
- After Close
- Conference Call
- Wednesday, November 4, 2026
Pursuit Attractions and Hospitality's next earnings date is estimated for February 11, 2027, based on past reporting schedules.
Q3 2026 Earnings Call Audio
Q3 2026 Earnings Slide Deck
Q3 2026 Earnings Call Summary
The call was strongly positive, characterized by record third-quarter results, 7% adjusted EBITDA growth, 14% expected full-year adjusted EBITDA growth, strong early 2027 bookings, substantial liquidity and an extensive organic and acquisition pipeline. Weather disruption and temporary construction-related impacts were acknowledged, but management stated that demand remained strong and that core-business growth is expected to more than offset the EBITDA contribution lost through the FlyOver sale.
Pursuit reaffirmed its full year 2026 adjusted EBITDA midpoint expectation of $133 million, representing 14% growth over 2025, and narrowed its full year adjusted EBITDA guidance range to $130 million to $136 million; for 2027, it expects to more than offset the $7 million of FlyOver adjusted EBITDA through growth in its core business, including approximately $1 million of incremental adjusted EBITDA from a full year contribution of Eagle Wing Tours, continued growth across existing experiences, a net benefit from organic growth investments, and strong early booking pace tracking ahead of prior year, while formal 2027 guidance will be provided during its fourth quarter earnings call. Pursuit continues to plan more than $300 million of high-return organic growth projects through 2030 with a clear path to exceed its 15% IRR hurdle rate, expects to deploy $75 million of growth CapEx in 2026 at the midpoint, and said that level of investment will increase in 2027; the Jasper SkyTram is expected to begin construction in 2027 and be complete in 2029, the new Lake Cruise boat will be ready for guests for the 2028 season, and the new pursuit.com is expected to go live later this year to support growth in 2027 and beyond.
- Record Third-Quarter Revenue and EBITDA GrowthThird-quarter revenue reached a record $251.5 million, up 4.4% year-over-year. Adjusted EBITDA increased $8.1 million to $125.5 million, with margin expansion, while adjusted net income rose to $85 million from $75.3 million.
- Strong Underlying Revenue GrowthExcluding Eagle Wing Tours and FlyOver, revenue growth was approximately 6%, primarily driven by strong yield optimization and ongoing demand for experiential travel and iconic destinations.
- Attractions Revenue and Pricing GrowthThird-quarter same-store attraction ticket revenue reached $93 million, up 6% year-over-year, driven by 9% growth in same-store effective ticket price.
- Hospitality Performance ImprovementThird-quarter same-store room revenue totaled $60 million, up 7% year-over-year, driven by 7% growth in same-store ADR and a 2 percentage point improvement in occupancy.
- Margin Expansion and Strong Flow-ThroughQuarterly margin expansion was approximately 1 percentage point. Excluding FlyOver, revenue-to-adjusted-EBITDA flow-through was approximately 56%, supported by the relatively fixed cost base during the peak summer period.
- Full-Year Guidance Reaffirmed and NarrowedPursuit reaffirmed its 2026 adjusted EBITDA midpoint expectation of $133 million, representing 14% growth over 2025, and narrowed its full-year guidance range to $130 million to $136 million.
- Successful Eagle Wing Tours AcquisitionThe acquisition of Eagle Wing Tours expanded Pursuit's portfolio into Victoria, British Columbia, is performing strongly, and is expected to contribute approximately $1 million of incremental adjusted EBITDA from a full-year contribution.
- FlyOver Sale Strengthened Strategic Focus and Balance SheetPursuit completed the sale of its noncore FlyOver business on July 31 at a premium multiple of about 14.5x. The transaction supported a sharper focus on attractions and hospitality, while FlyOver had contributed approximately $7 million of adjusted EBITDA in 2026 prior to the sale.
- Tabacon Growth and Acquisition PerformanceTabacon delivered approximately 20% adjusted EBITDA growth in its first year with Pursuit, and Pursuit is advancing additional growth investments across the property.
- Substantial Organic Growth PipelinePursuit has more than $300 million of high-return organic growth projects planned through 2030, with a clear path stated to exceed its 15% IRR hurdle rate. The company expects to deploy $75 million of growth CapEx at the midpoint in 2026, with investment increasing in 2027.
- Share Repurchases and Shareholder ReturnsPursuit has repurchased approximately 1.2 million shares at an average price of $35.72 per share. The shares have since appreciated more than 50% relative to that price.
- Strong Liquidity and Low LeveragePursuit ended the third quarter with approximately $293 million of liquidity and net leverage of less than 1x, below its target range of 2x to 3.5x. Management said this provides capacity to fund organic growth, acquisitions and share repurchases concurrently.
- Positive Early 2027 Booking TrendsEarly booking pace for 2027 was described as strong and tracking ahead of the prior year, with particularly strong trends in the U.S. and healthy performance in Canada after adjusting for ongoing room renovations. Demand from tour and travel partners was also strong.
- Continued Demand and China Recovery SignalsManagement reported no signs of weakening demand during September and October and said demand was strong through the fall. The company also reported early signs of renewed demand from China, including direct flights from Mainland China to Iceland.
- Property Renovation and Experience Expansion ProjectsThe Forest Park Hotels Woodland Wing renovation is nearing completion, with room renovations already delivering a strong ADR lift. Hotel Whitefish entered its final renovation phase, the Denali Backcountry Adventure is expected to reopen next summer, and Pursuit is adding 41 Wildscape cabins near Glacier National Park, three premium villas at Tabacon, and refreshing guest rooms and corridors at the Prince of Wales Hotel ahead of its 100th anniversary in 2027.
- Longer-Term Attraction and Lodging InvestmentsPursuit ordered a new sightseeing boat for its Banff and Jasper Lake Cruise experiences for the 2028 season and plans enhancements at Pyramid Lake Lodge by 2028. The company is also advancing multiyear projects at Lobstick Lodge, the Jasper SkyTram and the Banff Gondola.
- Jasper SkyTram Replacement ProgressPursuit placed the lift order for the Jasper SkyTram with Leitner-Poma, expects construction to begin in 2027, and is targeting a 2029 public opening for the replacement gondola and new base and summit facilities.
- Tabacon Terrace ExpansionPursuit completed the first phase of adding private outdoor terraces to 19 Tabacon rooms during the 2026 shoulder season. Terraces are planned for the remaining rooms in 2027, with the project positioning Tabacon for strong ADR growth in 2028.
- Digital Transformation and AI ReadinessThe new pursuit.com is expected to go live later this year as a mobile-first digital platform designed to support modern search and AI discovery, itinerary building, combined stays and experiences, and one-checkout booking. Management expects the platform to support growth in 2027 and beyond.
- New Commercial LeadershipScott Eller joined Pursuit as Chief Commercial Officer, with responsibility for marketing, sales, communications, guest analytics, web and digital operations.
- Glacier View Tram ProposalPursuit submitted a proposal to the U.S. Forest Service for a potential Glacier View Tram near Glacier National Park. The concept includes two 100-passenger cabins traveling more than 3,000 vertical feet in roughly six minutes and is expected, if approved, to be incremental to Vision 2030 and likely completed after 2030.
- Supply Chain and Project ExecutionManagement said project planning and supply-chain preparation have been effective, that it is not anticipating or being surprised by changes in cost, and that diversified supply chains are helping keep costs competitive.
PRSU Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Feb 11, 2027 | 2026 (Q4) | -0.75- | -0.91 | ― | ― |
| Nov 04, 2026 | 2026 (Q3) | 2.982.95 | 2.6 | 13.46% (+0.35) | |
| Aug 05, 2026 | 2026 (Q2) | 0.470.54 | 0.2 | 170.00% (+0.34) | |
| May 06, 2026 | 2026 (Q1) | -0.95-0.90 | -1.11 | 18.92% (+0.21) | |
| Feb 25, 2026 | 2025 (Q4) | -0.81-0.91 | 10.81 | -108.42% (-11.72) | |
| Nov 05, 2025 | 2025 (Q3) | 2.512.60 | 1.65 | 57.58% (+0.95) | |
| Aug 06, 2025 | 2025 (Q2) | 0.260.20 | 0.97 | -79.38% (-0.77) | |
| May 08, 2025 | 2025 (Q1) | -0.82-1.11 | -1.29 | 13.95% (+0.18) | |
| Mar 11, 2025 | 2024 (Q4) | -1.4210.81 | -0.79 | 1468.35% (+11.60) | |
| Nov 07, 2024 | 2024 (Q3) | 1.791.65 | 1.49 | 10.74% (+0.16) |
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.
