BOYD GAMING (BYD) SEC Filings

Boyd Gaming Corporation (BYD) reported third-quarter 2026 revenue of $990.5 million, compared with $1.0 billion a year earlier. Net income attributable to Boyd Gaming was $124.9 million, or $1.71 per share, versus $1.4 billion, or $17.81 per share. The 2025 comparison benefited from a $1.4 billion after-tax gain on the sale of its FanDuel equity interest and included $65.1 million of noncash, pretax long-lived asset impairment charges. Adjusted earnings were $121.7 million, or $1.67 per share, compared with $139.1 million, or $1.72 per share; Adjusted EBITDAR was $319.6 million versus $321.8 million.

Boyd attributed results in part to softer Las Vegas destination business, mainly at the Orleans. Midwest & South was affected by the November 2025 closure of Sam’s Town Tunica, the August 2026 sale of Sam’s Town Shreveport and higher property taxes at Kansas Star; excluding those items, segment revenue increased nearly 3% and Adjusted EBITDAR approximately 2.5%. The rest of the Las Vegas Locals properties recorded 3% revenue and Adjusted EBITDAR growth. Online and Managed & Other also grew.

Boyd paid a previously announced quarterly cash dividend of $0.20 per share on October 15, 2026, and repurchased $164 million of common stock during the quarter; $387 million remained under its repurchase authorization as of September 30, 2026. Cash was $297.2 million and total debt was $2.7 billion as of September 30, 2026.

BOYD GAMING CORP (BYD) reported an insider Form 4 for director and ten percent owner Marianne Boyd Johnson. On 2026-08-24, an entity identified as the Marianne Boyd Johnson Gaming Properties Trust sold 12 shares of common stock in a single trade at $82.00 per share, reported as indirect ownership by trust. After this date, Johnson is shown with 39,088 BYD common shares held directly and 1,487,858 shares held indirectly through BG-00 Limited Partnership. The filing also lists additional indirect holdings through various trusts and limited liability companies and includes a general disclaimer that Johnson disclaims beneficial ownership beyond her direct holdings or pecuniary interests.

BOYD GAMING CORP (BYD) reports that Marianne Boyd Johnson, Chairman of the Board, has filed a Form 144 notice for a potential sale of 12 shares of Boyd Gaming common stock through LPL Financial. The filing lists an aggregate market value of $978.71 and 72,000,000 shares outstanding. It also discloses that 2,429 shares of common stock were awarded to her as RSUs on 02/22/2026, identified as securities to be sold under Rule 144.

Cohen & Steers and affiliates report an 8.47% passive ownership stake in Boyd Gaming Corp common stock. The group, led by Cohen & Steers, Inc. and its investment adviser subsidiaries, reports beneficial ownership of 6,295,869 BYD shares, with 5,680,545 shares having sole voting power. All reported shares are held with sole dispositive power and no shared voting or dispositive power. Subsidiaries in New York, the United Kingdom, Hong Kong and Ireland hold the securities for the benefit of underlying account holders, who are entitled to dividends and sale proceeds from the Boyd Gaming shares held on their behalf.

Boyd Gaming Corporation reported that its Board of Directors declared a cash dividend of $0.20 per share on August 13, 2026. The dividend is scheduled to be payable on October 15, 2026 to shareholders of record as of September 15, 2026.

Boyd Gaming Corporation reported total revenues of 1,034,386 (in thousands) for the quarter ended June 30, 2026, essentially flat versus 1,033,998 (in thousands) a year earlier. Operating income declined to 200,698 (in thousands) from 242,370 (in thousands), and net income attributable to Boyd Gaming was 131,234 (in thousands), compared with 151,458 (in thousands). Basic and diluted earnings per share were $1.75, down from $1.84.

For the first six months of 2026, revenues were 2,031,741 (in thousands), while net income attributable to Boyd Gaming was 236,776 (in thousands) versus 262,877 (in thousands) in the prior-year period. Net cash provided by operating activities fell to 110,803 (in thousands) from 461,412 (in thousands), amid higher working capital outflows and significant activity related to transferable federal energy tax credits, including $341.0 million of payments for credits purchased in 2025.

During the period, Boyd completed the $53.3 million acquisition of Design Works Studios, adding $32.1 million of goodwill and new B2B and technology intangibles to its Online segment. The company also entered into an amended and restated $2.65 billion senior secured Credit Facility and ended June 30, 2026 with cash, cash equivalents and restricted cash of 328,795 (in thousands), long-term debt, net, of 2,613,755 (in thousands), and remaining contractual borrowing availability under its Credit Facility of 1,894,700 (in thousands). Boyd continued to return capital through 311,054 (in thousands) of share repurchases for 3,713 (in thousands) shares and dividends of $0.20 per share each in April and July 2026, while investing heavily in growth projects including the Norfolk Casino, where aggregate expenditures are expected to total approximately $750.0 million.

Josh Hirsberg, CFO & Treasurer of Boyd Gaming, sold 12,777 shares of common stock on July 28, 2026 at a weighted average price of $89.76 per share. After this sale, he holds 422,969 shares directly and reports 20,500 additional shares held indirectly by his spouse, subject to a beneficial-ownership disclaimer.

Boyd Gaming Corp director Stacia J.P. Andersen received a grant of 2,043 Restricted Stock Units that immediately vested and converted into the same number of shares of common stock on 2026-07-22. The award was issued for no cash consideration under the company’s 2020 Stock Incentive Plan, leaving her with 2,043 shares of common stock held directly.