Quarterly ResultJul 28, 2026, 04:32 PM
Monarch Casino Q2 Net Income +20.4% to $32.5M; EPS $1.78
AI Summary
Monarch Casino & Resort Inc. reported strong financial results for the second quarter and first half of 2026. Net income for Q2 increased by 20.4% to $32.5 million, with diluted EPS rising to $1.78. For the six months, net income grew 28.3% to $60.1 million, and net revenues increased by 6.4% to $279.1 million. The company also noted a waiver of default from Wells Fargo Bank regarding a litigation judgment and extended its credit facility maturity to 2028.
Key Highlights
- Q2 2026 net income increased 20.4% to $32.5 million from $27.0 million in Q2 2025.
- Q2 2026 diluted EPS rose 23.6% to $1.78 from $1.44 in Q2 2025.
- Six-month net revenues increased 6.4% to $279.1 million from $262.3 million in 2025.
- Six-month net income grew 28.3% to $60.1 million from $46.9 million in 2025.
- Net cash provided by operating activities for six months was $79.2 million, up from $70.6 million.
- Cash and cash equivalents increased to $138.3 million as of June 30, 2026, from $96.5 million.
- Amended Credit Facility maturity extended to January 1, 2028, with no outstanding principal.
- Company purchased $17.5 million of common stock during the six months ended June 30, 2026.
Price Impact
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