Red Rock Resorts Announces First Quarter 2026 Results

About this update from Red Rock Resorts, Inc.

LAS VEGAS, April 29, 2026 /PRNewswire/ -- Red Rock Resorts, Inc. ("Red Rock Resorts," "we" or the "Company") (NASDAQ: RRR) today reported financial results for the first quarter ended March 31, 2026. First Quarter ResultsConsolidated OperationsNet revenues were $507.3 million for the first quarter of 2026, an increase of 1.9%, or $9.4 million, from $497.9 million in the same period of 2025.Net income was $82.7 million for the first quarter of 2026, a decrease of 3.8%, or $3.3 million, from $86.0 million in the same period of 2025.Adjusted EBITDA(1) was $212.6 million for the first quarter of 2026, a decrease of 1.2%, or $2.5 million, from $215.1 million in the same period of 2025.Las Vegas Operations Net revenues from Las Vegas operations were $499.5 million for the first quarter of 2026, an increase of 0.9%, or $4.5 million, from $495.0 million in the same period of 2025.Adjusted EBITDA from Las Vegas operations was $232.4 million for the first quarter of 2026, a decrease of 1.5%, or $3.5 million, from $235.9 million in the same period of 2025.Native AmericanNet revenues from Native American activities were $4.7 million for the first quarter of 2026, with Adjusted EBITDA of $2.9 million, representing activities related to management and development fees.Balance Sheet HighlightsThe Company's cash and cash equivalents at March 31, 2026 were $134.0 million and total principal amount of debt outstanding at the end of the first quarter was $3.6 billion.Quarterly DividendThe 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 June 30, 2026 to all stockholders of record as of the close of business on June 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 $28.8 million, approximately $16.9 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 includ...

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