Seaport Entertainment Group Inc. (SEG)
NYSE:SEG
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Earnings Data
Report Date
Aug 17, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
-0.25Last Year’s EPS
-0.58Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call highlighted meaningful operational progress: a material asset sale that materially strengthened liquidity, portfolio repositioning actions (Tin Building, tenant deals), strong early demand for new and existing experience-driven offerings (Sadie’s, Pier 17 concerts, Balloon Museum, Meow Wolf pipeline), and improvements in key operating metrics (operating EBITDA and non-GAAP adjusted results, G&A reductions). However, these positives are balanced by sizable near-term headwinds: a 21% revenue decline, a large GAAP net loss and EPS deterioration driven by repositioning write-offs and restructuring, weather-related revenue drag, elevated short-term expenses and remaining vacancies and capex needs. Given the number and magnitude of both positive developments and near-term challenges, the overall tone is cautious and balanced.Company Guidance
Sale of 250 Water Street Strengthens Liquidity
Completed sale of 250 Water Street in Feb 2026, generating more than $75 million of liquidity, eliminating ongoing carry costs and contributing to total cash (including restricted) increasing by $57.3 million to $144.7 million as of Q1 2026.
Improved Operating EBITDA
Total operating EBITDA improved by $3.1 million (21% year-over-year) to a loss of $11.8 million, driven primarily by Hospitality segment gains despite a 21% reduction in consolidated revenue.
Hospitality Operating EBITDA Recovery
Hospitality operating EBITDA improved by $2.9 million (36% year-over-year) as part of repositioning actions (Tin Building and Malibu Farm closures) and favorable comparisons at GITANO.
Sadie's Restaurant / Garden Bar Opening and Early Success
Opened Sadie's (self-developed), featuring one of Manhattan's largest outdoor bars (capacity ~1,000); exceeded expectations with strong initial sales, hosted high-attendance events (NY Jets Draft Night, Kentucky Derby) and is positioned as a summer hub (World Cup viewing, concerts).
Tin Building Lease and Balloon Museum Conversion
Leased Tin Building to Lux Entertainment for the Balloon Museum; landlord work on schedule with delivery to tenant expected late June and museum opening projected this summer, featuring a major Marina Abramovic installation.
Major Experience & Curatorial Partnership
Announced long-term partnership with Public Service (Public Records) to develop ~11,000 sq ft experience in the Cobblestones (expected open 2027), reinforcing demand for experience-driven destinations.
Expanded Concert & Events Programming
Rooftop at Pier 17 concert season largest ever (~70 confirmed shows, roughly half on sale) with strong demand (sold-out Mika kickoff) and enhancements to premium offerings (Liberty Club, Heineken Silver Zone, Patron Patio).
Meow Wolf and Tenant Build-Out Progress
Delivered landlord required work for Meow Wolf; tenant to proceed with build-out for late 2027/early 2028 opening. Ongoing landlord work for Flanker Kitchen & Sports Bar and Hidden Boot Saloon with expected openings late 2026 and early 2027 respectively.
Las Vegas Aviators Momentum
Las Vegas revenue grew 8% YoY in Q1, driven by 2 sold-out games (Athletics vs Angels) with >20,000 attendees; team sitting in first place in Pacific Coast League and Las Vegas Ballpark hosting AAA Minor League Championship game again.
Operational Cost Discipline and G&A Improvement
Total G&A $8.1 million in Q1; excluding $1.4 million restructuring, G&A was $6.7 million and improved $3.1 million (31%) YoY excluding restructuring, driven by payroll reductions, lower legal/consulting fees and other cost discipline. Change of auditor to Grant Thornton expected to reduce future G&A.
Non-GAAP Improvement
Non-GAAP adjusted net loss improved 21% (~$4.9 million) YoY to a loss of $17.9 million (loss of $1.41 per share), reflecting early benefits of portfolio repositioning and corporate cost savings.
Net Cash Position and Debt Reduction
With 250 Water Street loan repaid, company held net cash of $105.6 million as of March 31, 2026; only remaining debt is $39 million Las Vegas ballpark loan, providing balance-sheet flexibility for execution and opportunistic capital allocation.
SEG 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
SEG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 06, 2026 | $22.90 | $22.24 | -2.88% |
Mar 04, 2026 | $23.37 | $23.03 | -1.45% |
Nov 10, 2025 | $24.03 | $23.28 | -3.12% |
Aug 11, 2025 | $24.00 | $23.50 | -2.08% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Seaport Entertainment Group Inc. (SEG) report earnings?
Seaport Entertainment Group Inc. (SEG) is schdueled to report earning on Aug 17, 2026, After Close (Confirmed).
What is Seaport Entertainment Group Inc. (SEG) earnings time?
Seaport Entertainment Group Inc. (SEG) earnings time is at Aug 17, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is SEG EPS forecast?
SEG EPS forecast for the fiscal quarter 2026 (Q2) is -0.25.