Grupo Aeroportuario del Sureste, S. A. B. de C. V. (ASR) Earnings
Grupo Aeroportuario del Sureste, S. A. B. de C. V. is expected to report next earnings on July 24, 2026 (in NaN days), with a consensus EPS estimate of $4.92. ASR has beaten EPS estimates in 5 of its last 10 reported quarters (average surprise -8.0% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 23, 2026 | $5.33 | $5.34 | +0.2% | $512M | -8.8% |
| Feb 25, 2026 | $5.04 | $5.03 | -0.2% | $608M | +0.0% |
| Dec 5, 2025 | — | $3.82 | — | $476M | — |
| Jul 22, 2025 | $6.01 | $3.80 | -36.8% | $468M | -3.4% |
| Apr 10, 2025 | — | $5.46 | — | $433M | — |
| Oct 22, 2024 | $5.46 | $5.73 | +4.9% | $388M | -24.0% |
| Jul 23, 2024 | $5.64 | $9.60 | +70.2% | $404M | +1614.6% |
| Apr 9, 2024 | $0.33 | $0.36 | +8.2% | $398M | — |
| Jul 24, 2023 | $5.42 | $4.76 | -12.2% | $360M | -0.9% |
| Feb 23, 2023 | $4.69 | $4.34 | -7.5% | $371M | +11.5% |
| Jul 25, 2022 | $3.54 | $4.40 | +24.3% | $313M | +8.3% |
| Feb 24, 2022 | $2.76 | $3.28 | +18.8% | $331M | +22.7% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · April 23, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
- Operating in an environment with varying traffic trends in different markets, affected by security events and TSA disruptions. - Progress on integration of ASUS U.S. airports and regional expansion strategy, including pending Motiva transaction. - Actively expanding commercial footprint across network. - Focus on cost discipline and long-term value creation.
Guidance
- Expect travel improvement as U.S. commercial platform scales with new openings. - Motiva transaction expected to close in second quarter. - Uncertainty about future operating conditions including fuel prices and capacity reductions. - U.S. commercial EBITDA expected to increase next year with opening of new Terminal 1.
Segment performance
Total passenger traffic increased 1.9% year-to-year, reaching nearly 90 million passengers. Total revenues increased 0.2% year-on-year, driven by increasing non-aeronautical revenues from the first full consolidation of U.S. airports, with aeronautical revenues declining low single digits. Commercial revenues increased nearly 7%. Total expenses increased 25% year-on-year, mainly due to integration of U.S. commercial operations, etc. Consolidated EBITDA decreased nearly 6%. Puerto Rico traffic trends driven by domestic demand, Mexico traffic stable with international growth, Colombia fastest-growing. By region, Mexico's commercial revenues affected by FX, Puerto Rico's expenses declined, Colombia's expenses increased due to depreciation change.
Risks & headwinds
- Factors beyond control like security-related events, TSA disruptions, fuel price fluctuations, and inflationary pressures could impact results. - Volatility in traffic trends due to various events. - Uncertainty regarding the impact of Middle East situation on traffic and operations.
Analyst Q&A
Q: About U.S. commercial business EBITDA contribution and Motiva acquisition expenses; on Cancun-Mexico route traffic during World Cup.
A: EVA this year expected close to $20M, no expectation of material extraordinary expenses for Motiva soon; no major short-term pressure on Cancun-Mexico route due to World Cup.
Q: Follow-up on Mexico traffic trend and Motiva commercial synergies.
A: Mexico traffic affected by events in first quarter, difficult to predict year-end; Motiva business operating well, no major synergy seen.
Q: About Colombia investment and maximum tariff.
A: No amendment to concession yet for Colombia investment, expected to move revenue paydown date; on track to reach 98% maximum tariff.
Q: On maximum tariffs methodology and non-recurring expenses.
A: Maximum tariff is peso-denominated basket, 91M pesos paid as professional fee for U.S. acquisition, some one-time events.
Q: On traffic shifts from airlines and commercial revenue drivers.
A: Spirit decreased capacity, difficult to predict traffic ahead; PSA lines in Puerto Rico affecting passenger profiles and commercial revenues.
Q: On U.S. business UBA contribution.
A: This year $30M in ETA, next year more with new Terminal 1.
Q: On U.S. operations occupancy rates and lease management.
A: Mostly contracts, average lease life 15-17 years, investments linked to better rents.