Red Rock Resorts Announces Third Quarter 2026 Results

(NASDAQ:RRR) Red Rock Resorts, Inc. reported financial results for the third quarter ended September 30, 2026. Consolidated net revenues were $488.7 million for Q3 2026, up 2.8% or $13.1 million from $475.6 million in Q3 2025. The company recorded a net loss of $17.7 million for Q3 2026, a decrease of 123.0% or $94.6 million from net income of $76.9 million in Q3 2025, primarily due to $79.1 million in share-based compensation expense and $6.9 million in one-time expenses related to the company's 50th anniversary. Adjusted EBITDA was $182.6 million for Q3 2026, down 4.3% or $8.3 million from $190.9 million in Q3 2025, including $5.8 million of one-time anniversary expenses. Las Vegas operations generated net revenues of $479.1 million for Q3 2026, up 2.2% or $10.5 million from $468.6 million in Q3 2025, with Adjusted EBITDA of $204.6 million, down 2.3% or $4.8 million from $209.4 million in Q3 2025. Native American activities produced net revenues of $6.2 million for Q3 2026, up 59.0% or $2.3 million from $3.9 million in Q3 2025, and Adjusted EBITDA of $5.1 million, up 30.8% or $1.2 million from $3.9 million in Q3 2025. The company granted stock awards to substantially all employees for its 50th anniversary, resulting in $79.1 million of share-based compensation expense and $6.9 million in additional one-time expenses during the quarter. As of September 30, 2026, cash and cash equivalents were $128.3 million, and total principal debt outstanding was $3.7 billion. The Board of Directors declared a cash dividend of $0.26 per Class A common share for Q4 2026, payable December 31, 2026 to stockholders of record as of December 15, 2026. Station Holdco LLC will make a cash distribution of $0.26 per unit, totaling approximately $29.2 million, with about $17.3 million to be distributed to the company and $11.9 million to other unit holders. For Q3 2026, casino revenues were $323,854,000, food and beverage revenues were $88,248,000, room revenues were $42,816,000, Native American management and development fees were $6,191,000, and other revenues were $27,592,000. Operating costs for Q3 2026 included casino expenses of $115,550,000, food and beverage expenses of $102,753,000, room expenses of $21,777,000, other expenses of $10,354,000, and selling, general and administrative expenses of $146,228,000. Depreciation and amortization for the quarter was $62,673,000. Interest expense, net, was $50,894,000. Net loss attributable to Red Rock Resorts, Inc. was $9,918,000 for Q3 2026. Basic and diluted loss per share of Class A common stock was $(0.17) for Q3 2026. Dividends declared per common share were $0.26 for Q3 2026. Adjusted EBITDA for the nine months ended September 30, 2026 was $603,294,000. The company owns and manages Station Casinos LLC, which operates multiple properties in the Las Vegas valley and holds a 50% interest in Barley's Casino & Brewing Company, Wildfire Casino & Lanes, and The Greens.

Station Casinos LLC Announces Closing of $500 Million Incremental Term B Loan

(NASDAQ:RRR) Station Casinos LLC, a consolidated subsidiary of Red Rock Resorts, Inc., announced that it has entered into an incremental joinder agreement to its senior secured credit agreement, providing for $500 million in aggregate principal amount of incremental term B loans (the "Incremental Term B Loans"). The Incremental Term B Loans are fungible with, and have the same terms as, the Company's existing term B loans outstanding under its credit agreement, including as to maturity. The Incremental Term B Loans bear interest at Term SOFR plus 2.00% per annum. The Company intends to use the proceeds from the Incremental Term B Loans to repay borrowings outstanding under its revolving credit facility, pay related fees and expenses, and for general corporate purposes. Station Casinos is managed by Red Rock Resorts, Inc., which is its parent company. Station Casinos owns and operates several properties, including Red Rock Casino Resort Spa, Green Valley Ranch Resort Spa Casino, Durango Casino Resort, Palace Station Hotel & Casino, Boulder Station Hotel & Casino, Sunset Station Hotel & Casino, Santa Fe Station Hotel & Casino, Wildfire Rancho, Wildfire Boulder, Wildfire Sunset, Wildfire Valley View, Wildfire Anthem, Wildfire Lake Mead, Wildfire on Fremont, and Seventy Six by Station Casinos (North Lamb, Aliante, Union Village, Tropicana, Fort Apache, Park Highlands, and Silverado Ranch). Station Casinos also owns a 50% interest in Barley's Casino & Brewing Company, Wildfire Casino & Lanes, and The Greens. The company is a leading provider of gaming, hospitality, and entertainment to the residents of Las Vegas, Nevada, with properties located throughout the Las Vegas valley. Station Casinos' properties include amenities such as restaurants, entertainment venues, movie theaters, bowling, convention/banquet space, and traditional casino gaming offerings including video poker, slot machines, table games, bingo, and race and sports wagering. The announcement includes forward-looking statements regarding the intended use of proceeds from the Incremental Term B Loans.

Red Rock Resorts Announces Second Quarter 2026 Results

(NASDAQ: RRR) Red Rock Resorts, Inc. reported net revenues of $510.3 million for the second quarter of 2026, a decrease of 3.0%, or $16.0 million, from $526.3 million in the same period of 2025. Net income was $76.6 million for the second quarter of 2026, a decrease of 29.3%, or $31.7 million, from $108.3 million in the same period of 2025. Adjusted EBITDA was $208.0 million for the second quarter of 2026, a decrease of 9.3%, or $21.4 million, from $229.4 million in the same period of 2025. Cash and cash equivalents at June 30, 2026 were $136.5 million, and total principal amount of debt outstanding at the end of the second quarter was $3.6 billion. The Company's Board of Directors has declared a cash dividend of $0.26 per Class A common share for the second quarter of 2026, payable on September 30, 2026 to all stockholders of record as of September 15, 2026. Prior to the payment of such dividend, Station Holdco LLC 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 $29.0 million. Approximately $17.1 million is expected to be distributed to the Company and approximately $11.9 million is expected to be distributed to the other unit holders of record of Station Holdco.

Signature of Contract

(NASDAQ:RRR) Red Rock Resources Plc announced the signature of a contract between the Ministry of Rural Development of the DRC and Koto DRC SARL for the works of construction and installation of the first factory for manufacture of wall panels for the construction of housing in the province of Kinshasa, with a contract value of $7,158,887. The contract follows a public tender and covers a further two factories. Red Rock Resources Plc formed a 50-50 joint venture (JV) in November 2024 to operate factories and build low cost housing, made a proposal and signed an agreement with the Ministry of Rural Development in October 2025, and in 2026 the JV won an open tender. Previous announcements were made on 6 November 2024, 23 October 2025, 11 February 2026, 1 April 2026, 1 June 2026, and 25 June 2026. The Company expected sales of assets and progress in the DRC to support the financial position, which has remained stretched while waiting for these developments. The Company expects to raise further funds by disposals or otherwise, and meanwhile depends on the continued support of key stakeholders.

Publication of Award to DRC JV

(NASDAQ:RRR) Red Rock Resources Plc announced the publication of the Avis de Non Objection (ANO) to their joint venture partner by the Direction Générale de Contrôle des Marchés Publics (DGCMP) of the Ministry of Budget, and the subsequent issue of a Notification d'Attribution Provisoire by the Ministry of Rural Development. This documentation relates to the provisional award of a contract for the provision and operation of factories for low-cost housing, following successful completion of the tender process. The Company has a JV for the provision of low-cost housing as part of the social benefit associated with future mining activities. The initial three factories will now be progressed and the company expects up to a further five orders shortly. Progress continues on the resolution of the Company's claims in relation to the Musonoi licence and the grant of the first new copper-cobalt licence in the DRC. The Company has been on site and focussed seven days a week on successful resolution of DRC matters since early April. An initial presentation showing in greater detail the process of factory and housing construction will be posted on the Company website.

Joint Venture Provisional Award

(NASDAQ: RRR) Red Rock Resources Plc announced the issue of the Avis de Non Objection (ANO) by the Direction Générale de Contrôle des Marchés Publics (DGCMP) of the Ministry of Budget of the Democratic Republic of Congo to its joint venture partner in relation to the award of a contract for the provision and operation of factories for low cost housing at a cost of $21,476,663.10. The 50-50 joint venture was formed in November 2024, with an agreement signed with the Ministry of Rural and Periurban Development in October 2025, and the JV won an open tender in 2026. The ANO was issued following the evaluation report and minutes of Provisional Award relating to the works of construction and installation of factories for manufacture of wall panels for rapid construction at least cost of houses. Each factory will have the capacity to produce between 3,300 and 5,000 houses a year. The Company has been granted a 3 year renewal of its Boulon gold licence in Burkina Faso at a cost of XOF 7,000,000 and has progressed further in its renewal of its Kenya gold licences. The JV expects to scale up operations rapidly and make first sales of houses by year end, and the operations of the JV Company are expected to be profitable but the Company is unable to quantify profitability at this stage.

Red Rock Resorts Announces First Quarter 2026 Results

Red Rock Resorts, Inc. (NASDAQ: RRR) reported its financial results for the first quarter ended March 31, 2026. The company achieved net revenues of $507.3 million, up 1.9% from the same period in 2025, while net income decreased by 3.8% to $82.7 million. Adjusted EBITDA was $212.6 million, down 1.2% year-over-year. The Board of Directors declared a cash dividend of $0.26 per Class A common share for the second quarter of 2026. The company ended the quarter with $134.0 million in cash and cash equivalents and $3.6 billion in total principal debt outstanding.