PENN Entertainment, Inc. filings document the regulatory record of a gaming and entertainment operator with retail casinos, racetracks, online sports betting and iCasino operations. Its proxy materials describe board structure, director elections, shareholder proposals, governance practices and executive compensation matters, including issues tied to a classified board and board refreshment.
Material-event filings cover credit agreements, refinancing activity, senior notes, cooperation agreements, organizational realignment, leadership and compensation matters, and Regulation FD disclosures. The company’s SEC record also includes operating and financial results, capital-structure disclosures, risk and regulatory considerations for a licensed gaming business, and formal documentation of agreements affecting debt, governance and corporate oversight.
PENN Entertainment, Inc. reported third-quarter 2026 revenue of $1,840.0 million, compared with $1,717.3 million a year earlier, and net income of $32.6 million versus a net loss of $865.1 million. Operating income was $127.3 million, versus an operating loss of $776.4 million; impairment losses were $8.0 million, compared with $825.0 million. Diluted earnings per share were $0.24, versus a loss of $6.03.
For the first nine months, revenue was $5,476.4 million versus $5,154.8 million, and net income was $62.4 million versus a net loss of $771.9 million. Operating cash flow was $626.4 million, compared with $401.0 million. Cash and cash equivalents were $1,044.8 million at September 30, 2026, versus $686.6 million at December 31, 2025. PENN issued $600.0 million of unsecured notes at 6.75% due 2031 on March 16, 2026, and repaid the remaining $106.7 million principal balance of its Convertible Notes; none remained outstanding at September 30, 2026. On October 15, 2026, PENN notified holders it elected to redeem all outstanding Exchangeable Shares for common stock on or about December 15, 2026.
PENN Entertainment, Inc. reported third-quarter 2026 revenue of $1,840.0 million for the three months ended September 30, 2026, compared with $1,717.3 million a year earlier. Net income was $32.6 million, versus a net loss of $865.1 million, and Consolidated Adjusted EBITDA was $284.0 million, up from $194.9 million. Diluted earnings per share were $0.24, compared with a loss of $6.03.
Retail revenue was $1.5 billion, with Segment Adjusted EBITDAR of $501.8 million and a 33.7% margin. Interactive revenue was $348.4 million, including a $191.4 million tax gross-up; its Adjusted EBITDA loss narrowed to $18.3 million from $76.6 million. As of September 30, 2026, total liquidity was $2.0 billion, including $1,044.8 million in cash and cash equivalents. Traditional net debt was $1,761.8 million, compared with $2,217.5 million as of December 31, 2025. Management said trends through October reinforced its confidence in achieving its full-year Adjusted EBITDA target in the Interactive segment.
AQR Capital Management, LLC and AQR Capital Management Holdings, LLC report beneficial ownership of PENN Entertainment, Inc. common stock on a Schedule 13G. They disclose aggregate beneficial ownership of 6,892,718 shares of PENN common stock, representing 5.15% of the outstanding class.
Both entities, organized in the United States, report 0 shares with sole voting or dispositive power. They report 6,866,434 shares with shared voting power and 6,892,718 shares with shared dispositive power. AQR Capital Management, LLC is a wholly owned subsidiary of AQR Capital Management Holdings, LLC, and the filing is made jointly on behalf of both entities.
PENN Entertainment, Inc. director Johnny Hartnett reported a series of equity-related transactions on August 8, 2026. He exercised 14,775 Phantom Stock Units into an equivalent number of shares of common stock, then returned 14,775 common shares to the issuer in a disposition transaction at $20.18 per share. According to the disclosure, each phantom unit entitled him to a cash payment equal to the fair market value of one share of common stock on the vesting date.
PENN Entertainment, Inc. generated $1,857.4 million of total revenues for the three months ended June 30, 2026, compared with $1,765.0 million a year earlier, with contributions from gaming, food and beverage, hotel and Interactive. Operating income increased to $131.7 million, and net income attributable to PENN was $33.1 million, versus a prior-year loss of $17.4 million. Diluted earnings per share were $0.24.
For the six months, revenues were $3,636.4 million and net income attributable to PENN was $30.8 million, reflecting the absence of a $215.1 million gain recorded in 2025. Net cash provided by operating activities rose to $363.1 million, bringing cash, cash equivalents and restricted cash to $917.5 million, while long-term debt, net, was $2,741.5 million. Triple net lease payments totaled $494.8 million in the first half. The company refinanced its credit facilities, issued $600.0 million of 6.75% senior notes due 2031, repaid its remaining 2.75% Convertible Notes, and was in compliance with all required financial covenants.
PENN Entertainment, Inc. reported stronger results for the three months ended June 30, 2026, with revenues of $1.8574 billion and net income of $32.6 million, compared with a net loss of $18.3 million a year earlier. Consolidated Adjusted EBITDA was $312.6 million, up from $236.1 million, and Adjusted EPS was $0.44 versus $0.10.
Retail operations delivered record quarterly segment revenues of $1.5 billion, Segment Adjusted EBITDAR of $517.2 million and margins of 34.4%, supported by broad-based demand and recently completed development projects in Columbus and Aurora. The Interactive segment produced revenues of $349.4 million and an Adjusted EBITDA loss of $9.5 million, which management described as meaningful year-over-year improvement.
Total liquidity as of June 30, 2026 was $1.9 billion, including $887.2 million of cash and cash equivalents, and traditional net debt was $1.9 billion. The company refinanced and extended key credit facilities and repaid $106.7 million of 2.75% Convertible Notes due 2026, eliminating approximately 4.6 million potentially dilutive shares.
Vanguard Portfolio Management LLC filed an amended Schedule 13G reporting beneficial ownership of 10,399,143 shares of Penn Entertainment Inc common stock, representing 7.76% of the class as of June 30, 2026.
Vanguard reports sole voting power over 171,821 shares and sole dispositive power over 10,399,143 shares, with no shared voting or dispositive power. The position reflects securities held by Vanguard funds and other managed accounts over which Vanguard or specified affiliates exercise voting and/or dispositive authority. Vanguard and related investment companies and accounts have the right to receive dividends and sale proceeds for these securities, and no other single person’s interest exceeds 5% of the class.
BlackRock, Inc. reports beneficial ownership of 18,833,641 shares of PENN Entertainment, Inc. common stock, representing 14.1% of the class. BlackRock has sole voting power over 18,632,482 shares and sole dispositive power over 18,833,641 shares, with no shared voting or dispositive power reported. The filing aggregates positions of specified BlackRock business units, excluding other disaggregated units. One underlying vehicle, iShares Core S&P Small-Cap ETF, has an interest in PENN common stock exceeding five percent of the outstanding shares.
PENN Entertainment, Inc. reported the results of its 2026 Annual Meeting of Shareholders held on June 16, 2026. Holders of 116,378,236 shares of common stock were present in person or by proxy.
Shareholders elected four directors: Marla Kaplowitz (89,774,779 votes for, 13,297,143 withheld), Jane Scaccetti (92,971,444 for, 10,100,478 withheld), Fabio Schiavolin (102,312,318 for, 759,604 withheld) and Jay Snowden (99,755,630 for, 3,316,292 withheld). Other directors’ terms continued without being up for election.
Shareholders also voted on additional proposals described in the definitive proxy statement, including one item receiving 115,909,227 votes for, 276,451 against and 192,558 abstentions, and others with for votes ranging from about 81.7 million to 90.1 million, plus broker non-votes of 13,306,314 on each such item.
PENN Entertainment amended its existing credit agreement to reprice and extend its $962.5 million Term Loan B facility. The amended Term Loan B Facility now matures in May 2033, giving the company a longer runway to repay this portion of its debt.
The amendment also reduces interest rate margins on the Term Loan B Facility. Margins on term SOFR loans decrease from 2.50% to 2.00%, and margins on base rate loans fall from 1.50% to 1.00%. The maturities of the company’s term loan A facility and revolving facility remain unchanged.