Quarterly ResultMay 7, 2026, 12:18 PM
Red Rock Resorts Q1 Revenue $507.3M; EPS $0.73; Special Dividend $1.00
AI Summary
Red Rock Resorts reported a slight increase in net revenues for Q1 2026 to $507.3 million, while net income attributable to the company decreased to $42.9 million, or $0.73 diluted EPS. The company continued its capital return program, repurchasing $38.3 million in Class A common stock and paying a special cash dividend of $1.00 per share. Legal challenges for the North Fork Project saw a setback with the Supreme Court of California denying a petition for review.
Key Highlights
- Net revenues increased 1.9% to $507.3 million for Q1 2026 from $497.9 million in Q1 2025.
- Net income attributable to Red Rock Resorts decreased 4.2% to $42.9 million ($0.73 diluted EPS) from $44.7 million ($0.75 diluted EPS) year-over-year.
- Operating income decreased 6.9% to $143.7 million in Q1 2026 from $154.4 million in Q1 2025.
- Net cash provided by operating activities rose 10.8% to $139.8 million in Q1 2026.
- The company repurchased 635,657 shares of Class A common stock for $38.3 million in Q1 2026.
- A special cash dividend of $1.00 per share of Class A common stock was paid in February 2026.
- The Supreme Court of California denied a petition for review regarding the North Fork Project in April 2026.
- Long-term debt, net, increased to $3,530.6 million at March 31, 2026, from $3,378.5 million at December 31, 2025.