Nov 3, 4:01 PM ET
Red Rock Resorts reported third quarter 2026 net revenues of $488.7 million, up 2.8% from a year earlier, but swung to a net loss of $17.7 million from net income of $76.9 million. The loss mainly reflects $79.1 million of share-based compensation tied to 50th anniversary stock awards given to substantially all full-time and part-time employees. The company also declared a $0.26 per share quarterly dividend for the fourth quarter of 2026.
- Net revenues $488.7 million, up $13.1 million (2.8%) from $475.6 million in Q3 2025
- Net loss $17.7 million vs. net income of $76.9 million in Q3 2025; diluted loss per Class A share $(0.17) vs. $0.68
- Adjusted EBITDA $182.6 million, down 4.3% from $190.9 million, including $5.8 million of one-time 50th anniversary expenses
- Board declared $0.26 per Class A share dividend for Q4 2026, payable December 31, 2026 to holders of record on December 15, 2026
Read the filing on SEC.gov ↗
Oct 21, 5:11 PM ET
On October 21, 2026, Station Casinos LLC, a subsidiary of Red Rock Resorts, entered into an incremental joinder to its senior secured credit agreement for $500 million of term B loans. The new loans are fungible with the existing term B loans, bear interest at Term SOFR plus 2.00%, and the company intends to use the proceeds mainly to repay revolving loans. The filing adds $500 million of debt that shareholders will need to consider, and it does not include earnings or guidance.
- $500 million in aggregate principal of incremental term B loans, dated October 21, 2026
- Interest at Term SOFR plus 2.00% per annum, or base rate plus 1.00%
- Proceeds intended to repay revolving loans, pay fees and expenses, and for general corporate purposes
- Loans are guaranteed and secured by subsidiary guarantors' assets, equity pledges and certain real property mortgages
Read the filing on SEC.gov ↗
Aug 4, 4:01 PM ET
Red Rock Resorts reported second quarter 2026 results, with net revenues of $510.3 million, down 3.0% from a year earlier, and net income of $76.6 million, down 29.3%. Adjusted EBITDA fell 9.3% to $208.0 million, and the Board declared a $0.26 per Class A share dividend for the quarter.
- Net revenues were $510.3 million, down $16.0 million (3.0%) from $526.3 million in Q2 2025.
- Net income was $76.6 million, down $31.7 million (29.3%); diluted EPS of Class A stock was $0.67 versus $0.95.
- Adjusted EBITDA was $208.0 million, down 9.3%; Las Vegas operations Adjusted EBITDA fell 5.0% to $227.5 million.
- Dividend of $0.26 per Class A share is payable September 30, 2026 to holders of record on September 15, 2026.
Read the filing on SEC.gov ↗
Jun 12, 4:02 PM ET
Red Rock Resorts said Chief Legal Officer Jeffrey T. Welch will step down effective September 8, 2026, and move to a non-officer role providing transition services through December 31, 2026. The company appointed J. Colby Williams, a senior partner at Campbell & Williams, as Executive Vice President and General Counsel, with a start expected on or around September 8, 2026. The filing covers an executive transition, not a change in reported financial results.
- Jeffrey T. Welch steps down as Chief Legal Officer effective September 8, 2026, and will receive his $900,000 annual base salary through December 31, 2026, plus a bonus for 2026
- J. Colby Williams, age 56, named Executive Vice President and General Counsel, effective on or around September 8, 2026
- Williams' employment agreement sets a fixed five-year term, a base salary of not less than $1.2 million, and a target bonus of 125% of base salary
- Williams' initial equity award has a target grant value of not less than 400% of his annual base salary
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.