Every material Form 8-K Red Rock Resorts filed with the SEC in 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
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
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
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.
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
Red Rock Resorts reported first quarter 2026 net revenues of $507.3 million, up 1.9% from a year earlier, while net income fell 3.8% to $82.7 million and Adjusted EBITDA fell 1.2% to $212.6 million. The company also declared a $0.26 per share dividend for the second quarter, which shareholders of record on June 15, 2026 will receive on June 30, 2026.
Net revenues were $507.3 million, up $9.4 million or 1.9% from $497.9 million in Q1 2025.
Net income was $82.7 million, down $3.3 million or 3.8%; diluted EPS for Class A stock was $0.73 versus $0.75.
Adjusted EBITDA was $212.6 million, down $2.5 million or 1.2%; Las Vegas operations Adjusted EBITDA fell 1.5% to $232.4 million.
Board declared a $0.26 per Class A share dividend, payable June 30, 2026 to holders of record on June 15, 2026.
Red Rock Resorts reported fourth quarter and full year 2025 results in a press release attached as Exhibit 99.1. Fourth-quarter net revenues rose 3.2% to $511.8 million and Adjusted EBITDA rose 5.4% to $213.3 million, while net income fell 3.5% to $84.6 million. For the full year, net income rose 22.1% to $355.7 million, and the board declared a $1.00 special dividend per Class A share, payable February 27, 2026.
Q4 2025 net revenues were $511.8 million, up 3.2% from $495.7 million in Q4 2024.
Q4 2025 net income was $84.6 million, down 3.5% from $87.7 million.
Full-year 2025 net income was $355.7 million, up 22.1%, and net revenues were $2.01 billion, up 3.7%.
Special dividend of $1.00 per Class A share is payable February 27, 2026 to holders of record on February 20, 2026; a $0.26 quarterly dividend is payable March 31, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Red Rock Resorts filing is on SEC EDGAR ↗. 8-K briefs of other companies →