Red Rock Resorts (NASDAQ: RRR) posts Q2 2026 EPS and $0.26 dividend

Rhea-AI Filing Summary

Red Rock Resorts, Inc. reported results for the quarter ended June 30, 2026. Net revenues were $510,262 (thousands) compared with $526,273 (thousands) a year earlier. Net income was $76,592 (thousands), with net income attributable to Red Rock Resorts, Inc. of $39,118 (thousands), and diluted earnings per Class A share of $0.67. Adjusted EBITDA, a non-GAAP measure, totaled $208,044 (thousands) versus $229,359 (thousands) in the prior-year quarter.

Las Vegas operations generated net revenues of $503,158 (thousands) in the quarter, while the Native American segment contributed $3,806 (thousands). For the six months ended June 30, 2026, net revenues were $1,017,581 (thousands) and Adjusted EBITDA was $420,672 (thousands). Cash and cash equivalents were $136.5 million and total principal debt was $3.6 billion at quarter-end. The board declared a cash dividend of $0.26 per Class A common share for the second quarter, payable September 30, 2026 to stockholders of record on September 15, 2026.

Filing Explained

For the declared second-quarter dividend, before its payment, Station Holdco is expected to distribute approximately $29.0 million to its unit holders, including approximately $17.1 million to Red Rock Resorts and $11.9 million to other holders.

8-K Event Classification

2 items: 2.02, 9.01

2 items

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

Net revenues Q2 2026: $510,262 (thousands) Net income attributable to Red Rock Resorts, Inc. Q2 2026: $39,118 (thousands) Diluted EPS Q2 2026: $0.67 +4 more

7 metrics

Net revenues Q2 2026 $510,262 (thousands) Three months ended June 30, 2026 consolidated net revenues

Net income attributable to Red Rock Resorts, Inc. Q2 2026 $39,118 (thousands) Three months ended June 30, 2026

Diluted EPS Q2 2026 $0.67 Earnings per share of Class A common stock, diluted, for the quarter

Adjusted EBITDA Q2 2026 $208,044 (thousands) Consolidated Adjusted EBITDA for the three months ended June 30, 2026

Cash and cash equivalents $136.5 million Balance at June 30, 2026

Total principal amount of debt $3.6 billion Debt outstanding at the end of the second quarter 2026

Quarterly dividend per Class A share $0.26 Declared for the second quarter of 2026, payable September 30, 2026

Key Terms

Adjusted EBITDA, non-GAAP, noncontrolling interests, Native American management and development fees, +1 more

5 terms

Adjusted EBITDA financial

"Adjusted EBITDA is a non-GAAP measure that is presented solely as a supplemental disclosure."

Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.

non-GAAP financial

"Adjusted EBITDA is a non-GAAP measure that is presented solely as a supplemental disclosure."

Non-GAAP refers to financial measures that companies use to show their earnings or performance without including certain expenses or income that are often added back to give a different picture. It matters because it can make a company's results look better or more favorable, but it may also hide important costs, so investors need to look at both GAAP (official rules) and non-GAAP numbers to get a full understanding.

noncontrolling interests financial

"Less: net income attributable to noncontrolling interests"

The portion of a subsidiary’s equity and profits that belongs to outside owners rather than the parent company; when a parent reports consolidated results it includes the whole subsidiary but shows the noncontrolling slice separately. Think of a company’s subsidiary as a pie where the parent owns most slices but some are held by other investors — noncontrolling interests tell you how much of the pie and its future earnings don’t belong to the parent, which affects how much profit and net assets are truly attributable to the parent’s shareholders.

Native American management and development fees financial

"Native American management and development fees | | | 3,806"

forward-looking statements regulatory

"This press release contains forward-looking statements within the meaning of Section 27A"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

Earnings Snapshot

Net revenues Q2 2026: $510,262 (thousands)

Three and six months ended June 30, 2026

Net revenues Q2 2026 $510,262 (thousands) compared with $526,273 (thousands) in Q2 2025

Net income attributable to Red Rock Resorts, Inc. Q2 2026 $39,118 (thousands) compared with $56,404 (thousands) in Q2 2025

Adjusted EBITDA Q2 2026 $208,044 (thousands) compared with $229,359 (thousands) in Q2 2025

Diluted EPS Q2 2026 $0.67 compared with $0.95 in Q2 2025

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Understanding 8-K Material Events →

Available on EDGAR 08/04/2026 - 04:02 PM Accepted by SEC EDGAR 08/04/2026 - 04:01 PM Learn about SEC filing dates

FAQ

What were Red Rock Resorts (RRR) net revenues in Q2 2026?

Red Rock Resorts reported net revenues of $510,262 (thousands) for the quarter ended June 30, 2026, compared with $526,273 (thousands) in the same quarter of 2025, reflecting performance across its Las Vegas and Native American segments.

What was RRR’s net income attributable to Red Rock Resorts, Inc. in Q2 2026?

Net income attributable to Red Rock Resorts, Inc. was $39,118 (thousands) in Q2 2026. Basic earnings per Class A common share were $0.68 and diluted earnings per share were $0.67, based on weighted-average diluted shares of 58,805 thousand.

How much Adjusted EBITDA did Red Rock Resorts (RRR) generate in Q2 2026?

Adjusted EBITDA was $208,044 (thousands) for Q2 2026, compared with $229,359 (thousands) in Q2 2025. This non-GAAP metric adds back depreciation, amortization, share-based compensation, certain write-downs, interest, income taxes and other specified items to net income.

What are Red Rock Resorts’ cash, debt and dividend details after Q2 2026?

As of June 30, 2026, Red Rock Resorts held $136.5 million in cash and cash equivalents and had $3.6 billion in total principal debt. The board declared a $0.26 quarterly dividend per Class A share, payable September 30, 2026 to holders of record on September 15, 2026.

How did the Native American segment of Red Rock Resorts (RRR) perform in Q2 2026?

The Native American segment generated net revenues of $3,806 (thousands) in Q2 2026. Segment Adjusted EBITDA was $2,811 (thousands) for the quarter, compared with $10,008 (thousands) in the prior-year period, reflecting changes in Native American management and development fee activity.

How does Red Rock Resorts (RRR) define Adjusted EBITDA?

Red Rock Resorts defines Adjusted EBITDA as net income plus depreciation and amortization, share-based compensation, write-downs and other, net, interest expense, net, change in fair value of derivative instruments, gain on Native American development, and provision for income tax, for the relevant periods.

false 0001653653 0001653653 2026-08-04 2026-08-04

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event Reported): August 4, 2026

RED ROCK RESORTS, INC.

(Exact Name of Registrant as Specified in Charter)

Delaware		001-37754		47-5081182
(State or Other Jurisdiction of Incorporation)		(Commission File Number)		(I.R.S. Employer Identification Number)

1505 South Pavilion Center Drive, Las Vegas, Nevada 89135

(Address of Principal Executive Offices) (Zip Code)

702-495-3000

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Class A Common Stock, $0.01 par value		RRR		NASDAQ Stock Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02. Results of Operations and Financial Condition.

On August 4, 2026, the Registrant issued a press release, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

Exhibit 99.1. Press release dated August 4, 2026

Exhibit 104  Cover Page Interactive Data File (the cover page XBRL tags are embedded within the inline XBRL document)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

				RED ROCK RESORTS, INC.
Date: August 4, 2026				By:		/s/ Stephen L. Cootey
						Stephen L. Cootey
						Executive Vice President, Chief Financial Officer and Treasurer

Exhibit 99.1

Red Rock Resorts Announces Second Quarter 2026 Results

LAS VEGAS, August 4, 2026 (PRNewswire)—Red Rock Resorts, Inc. (“Red Rock Resorts,” “we” or the “Company”) (NASDAQ: RRR) today reported financial results for the second quarter ended June 30, 2026.

Second Quarter Results

Consolidated Operations

• Net revenues were $510.3 million for the second quarter of 2026, a decrease of 3.0%, or $16.0 million, from $526.3 million in the same period of 2025.

• Net income was $76.6 million for the second quarter of 2026, a decrease of 29.3%, or $31.7 million, from $108.3 million in the same period of 2025.

• Adjusted EBITDA⁽¹⁾ was $208.0 million for the second quarter of 2026, a decrease of 9.3%, or $21.4 million, from $229.4 million in the same period of 2025.

Las Vegas Operations

• Net revenues from Las Vegas operations were $503.2 million for the second quarter of 2026, a decrease of 2.0%, or $10.1 million, from $513.3 million in the same period of 2025.

• Adjusted EBITDA from Las Vegas operations was $227.5 million for the second quarter of 2026, a decrease of 5.0%, or $11.9 million, from $239.4 million in the same period of 2025.

Native American

• Net revenues from Native American activities were $3.8 million for the second quarter of 2026, a decrease of 62.0%, or $6.2 million, from $10.0 million in the same period of 2025.

• Adjusted EBITDA from Native American activities was $2.8 million, a decrease of 72.0%, or $7.2 million, from $10.0 million in the same period of 2025.

Balance Sheet Highlights

The Company’s cash and cash equivalents at June 30, 2026 were $136.5 million and total principal amount of debt outstanding at the end of the second quarter was $3.6 billion.

Quarterly Dividend

The Company’s Board of Directors has declared a cash dividend of $0.26 per Class A common share for the second quarter of 2026. The dividend will be payable on September 30, 2026 to all stockholders of record as of the close of business on September 15, 2026.

Prior to the payment of such dividend, Station Holdco LLC (“Station Holdco”) will make a cash distribution to all unit holders of record, including the Company, of $0.26 per unit for a total distribution of approximately $29.0 million, approximately $17.1 million of which is expected to be distributed to the Company and approximately $11.9 million of which is expected to be distributed to the other unit holders of record of Station Holdco.

Conference Call Information

The Company will host a conference call today at 4:30 p.m. Eastern Time to discuss its financial results. The conference call will consist of prepared remarks from the Company and include a question and answer session. Those interested in participating in the call should dial (888) 317-6003, or (412) 317-6061 for international callers, approximately 15 minutes before the call start time. Please use the passcode: 6067582. A replay of the call will be available from today through August 11, 2026 at www.redrockresorts.com. A live audio webcast of the call will also be available at www.redrockresorts.com.

Presentation of Financial Information

(1) Adjusted EBITDA is a non-GAAP measure that is presented solely as a supplemental disclosure. We believe that Adjusted EBITDA is a widely used measure of operating performance in our industry and is a principal basis for valuation of gaming companies. We believe that in addition to net income, Adjusted EBITDA is a useful financial performance measurement for assessing our operating performance because it provides information about the performance of our ongoing core operations. Adjusted EBITDA for the three and six months ended June 30, 2026 and 2025 includes net income plus depreciation and amortization, share-based compensation, write-downs and other, net (including gains and losses on asset disposals, preopening and development, business innovation and technology enhancements and non-routine items), interest expense, net, change in fair value of derivative instruments, gain on Native American development and provision for income tax.

Company Information and Forward Looking Statements

Red Rock Resorts is a holding company that owns an indirect equity interest in and manages Station Casinos LLC (“Station Casinos”). Station Casinos is the leading provider of gaming, hospitality and entertainment to the residents of Las Vegas, Nevada. Station Casinos’ properties, which are located throughout the Las Vegas valley, are regional entertainment destinations and include hotels as well as various amenities, including numerous restaurants, entertainment venues, movie theaters, bowling and convention/banquet space, as well as traditional casino gaming offerings such as video poker, slot machines, table games, bingo and race and sports wagering. Station Casinos owns and operates Red Rock Casino Resort Spa, Green Valley Ranch Resort Spa Casino, Durango Resort & Casino, Palace Station Hotel & Casino, Boulder Station Hotel & Casino, Sunset Station Hotel & Casino, Santa Fe Station Hotel & Casino, Wildfire Rancho, Wildfire Boulder, Wildfire Sunset, Wildfire Valley View, Wildfire Anthem, Wildfire Lake Mead, Wildfire on Fremont and Seventy Six by Station Casinos (North Lamb, Aliante, Union Village, Tropicana, Fort Apache, and Park Highlands). Station Casinos also owns a 50% interest in Barley’s Casino & Brewing Company, Wildfire Casino & Lanes and The Greens.

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements include, without limitation, statements regarding our expectations, hopes or intentions regarding the future. These forward-looking statements can often be identified by their use of words such as “will”, “might”, “predict”, “continue”, “forecast”, “expect”, “believe”, “anticipate”, “outlook”, “could”, “would”, “target”, “project”, “intend”, “plan”, “seek”, “estimate”, “pursue”, “should”, “may” and “assume”, or the negative thereof, as well as variations of such words and similar expressions referring to the future. Forward-looking statements involve certain risks and uncertainties, and actual results may differ materially from those discussed in any such statement. Certain important factors, including but not limited to, financial market risks, could cause our actual results to differ materially from those expressed in our forward-looking statements. Further information on potential factors which could affect our financial condition, results of operations and business includes, without limitation, the impact of rising inflation, higher interest rates and increased energy costs on consumer demand and the Company’s business, financial results and liquidity; the impact of unemployment and changes in general economic conditions on discretionary spending and consumer demand; the impact of our substantial indebtedness; the effects of local and national economic, credit and capital market conditions on consumer spending and the economy in general, and on the gaming and hotel industries in particular; the effects of competition, including locations of competitors and operating and market competition; changes in laws, including increased tax rates, regulations or accounting standards, third-party relations and approvals, and decisions of courts, regulators and governmental bodies; risks associated with construction projects, including disruption of our operations, shortages of materials or labor, unexpected costs, unforeseen permitting or regulatory issues and weather; litigation outcomes and judicial actions, including gaming legislative action, referenda and taxation; acts of war or terrorist incidents, pandemics, natural disasters or civil unrest; risks associated with the collection and retention of data about our customers, employees, suppliers and business partners; and other risks discussed under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025, and in the Company’s other current and periodic reports filed from time to time with the Securities and Exchange Commission. All forward-looking statements in this document are made based on information available to the Company as of the date hereof, and the Company assumes no obligation to update any forward-looking statement.

View source version on http://redrockresorts.investorroom.com/:

Investors:

Stephen L. Cootey

Stephen.Cootey@redrockresorts.com

(702) 495-4214

Media:

Michael J. Britt

Michael.Britt@redrockresorts.com

(702) 495-3693

Red Rock Resorts, Inc.

Condensed Consolidated Statements of Income

(amounts in thousands, except per share data)

(unaudited)

		Three Months Ended June 30,								Six Months Ended June 30,
		2026				2025				2026				2025
Operating revenues:
Casino		$	338,305			$	344,796			$	678,827			$	678,041
Food and beverage			93,033				94,374				183,356				183,646
Room			46,658				51,187				92,172				101,357
Native American management and development fees			3,806				10,008				8,543				10,008
Other			28,460				25,908				54,683				51,082
Net revenues			510,262				526,273				1,017,581				1,024,134
Operating costs and expenses:
Casino			90,239				93,862				181,469				183,275
Food and beverage			78,699				75,894				152,886				149,655
Room			15,845				15,941				31,449				31,930
Other			9,983				8,519				17,683				15,762
Selling, general and administrative			117,936				112,031				232,293				216,742
Depreciation and amortization			58,985				47,988				114,840				96,319
Write-downs and other, net			2,579				4,010				7,289				8,070
			374,266				358,245				737,909				701,753
Operating income			135,996				168,028				279,672				322,381
Earnings from joint ventures			637				610				1,344				1,322
Operating income and earnings from joint ventures			136,633				168,638				281,016				323,703
Other (expense) income:
Interest expense, net			(49,645	)			(50,632	)			(99,149	)			(101,742	)
Change in fair value of derivative instruments			3,087				(2,305	)			4,053				(7,499	)
Gain on Native American development			—				8,476				—				8,476
Income before income tax			90,075				124,177				185,920				222,938
Provision for income tax			(13,483	)			(15,924	)			(26,608	)			(28,735	)
Net income			76,592				108,253				159,312				194,203
Less: net income attributable to noncontrolling interests			37,474				51,849				77,305				93,050
Net income attributable to Red Rock Resorts, Inc.		$	39,118			$	56,404			$	82,007			$	101,153
Earnings per common share:
Earnings per share of Class A common stock, basic		$	0.68			$	0.96			$	1.41			$	1.71
Earnings per share of Class A common stock, diluted		$	0.67			$	0.95			$	1.40			$	1.69
Weighted-average common shares outstanding:
Basic			57,888				58,960				58,045				59,081
Diluted			58,805				102,730				59,086				103,060
Dividends declared per common share		$	0.26			$	1.25			$	1.52			$	1.50

Red Rock Resorts, Inc.

Segment Information and Reconciliation of Net Income to Adjusted EBITDA

(amounts in thousands)

(unaudited)

		Three Months Ended June 30,								Six Months Ended June 30,
		2026				2025				2026				2025
Net revenues
Las Vegas operations		$	503,158			$	513,262			$	1,002,680			$	1,008,215
Native American			3,806				10,008				8,543				10,008
Corporate and other			3,298				3,003				6,358				5,911
Net revenues		$	510,262			$	526,273			$	1,017,581			$	1,024,134
Net income		$	76,592			$	108,253			$	159,312			$	194,203
Adjustments
Depreciation and amortization			58,985				47,988				114,840				96,319
Share-based compensation			9,847				8,723				17,527				16,347
Write-downs and other, net			2,579				4,010				7,289				8,070
Interest expense, net			49,645				50,632				99,149				101,742
Change in fair value of derivative instruments			(3,087	)			2,305				(4,053	)			7,499
Gain on Native American development			—				(8,476	)			—				(8,476	)
Provision for income tax			13,483				15,924				26,608				28,735
Adjusted EBITDA		$	208,044			$	229,359			$	420,672			$	444,439
Adjusted EBITDA
Las Vegas operations		$	227,534			$	239,444			$	459,951			$	475,344
Native American			2,811				10,008				5,734				10,008
Corporate and other			(22,301	)			(20,093	)			(45,013	)			(40,913	)
Adjusted EBITDA		$	208,044			$	229,359			$	420,672			$	444,439

Filing Exhibits & Attachments

4 documents

Press Releases

• EX-99.1 EX-99.1 88.9 KB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA 3.1 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE 16.8 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE 10.6 KB