Norwegian Cruise Line (NASDAQ: NCLH) reported Q4 EPS of $0.56, $0.01 better than the analyst estimate of $0.55. Revenue for the quarter came in at $1.1 billion versus the consensus estimate of $1.11 billion.

Gross Cruise Cost increased 7.0% in 2016 compared to 2015 due to increases in Capacity Days, total cruise operating expense and marketing, general and administrative expenses. Gross Cruise Costs per Capacity Day decreased 2.9%. Adjusted Net Cruise Cost Excluding Fuel per Capacity Day decreased 0.7% on a Constant Currency and as reported basis.

Fuel price per metric ton, net of hedges decreased 9.8% to $459 from $509 in 2015. The Company reported fuel expense of $86.6 million in the period. In addition, a loss of $1.5 million was recorded in other income (expense), net in 2016 related to the ineffective portion of the Company’s fuel hedge portfolio due to market volatility.

Interest expense, net increased to $88.0 million in 2016 from $68.7 million in 2015 primarily due to higher interest rates associated with an increase in LIBOR as well as an increase in average debt balances outstanding primarily associated with the delivery of new ships and newbuild installments. Additionally, in connection with refinancings of our senior notes, interest expense, net included losses on extinguishment of debt of $28.0 million in 2016 and $12.6 million in 2015.

For earnings history and earnings-related data on Norwegian Cruise Line (NCLH) click here.