Form 8-K

8-K — Red Rock Resorts, Inc.

Accession: 0001193125-26-332721

Filed: 2026-08-04

Period: 2026-08-04

CIK: 0001653653

SIC: 7011 (HOTELS & MOTELS)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — d173277d8k.htm (Primary)

EX-99.1 (d173277dex991.htm)

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event Reported): August 4, 2026

RED ROCK RESORTS, INC.

(Exact Name of Registrant as Specified in Charter)

Delaware

001-37754

47-5081182

(State or Other Jurisdiction

of Incorporation)

(Commission

File Number)

(I.R.S. Employer

Identification Number)

1505 South Pavilion Center Drive, Las Vegas, Nevada 89135

(Address of Principal Executive Offices) (Zip Code)

702-495-3000

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading

Symbol(s)

Name of each exchange

on which registered

Class A Common Stock, $0.01 par value

RRR

NASDAQ Stock Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02. Results of Operations and Financial Condition.

On August 4, 2026, the Registrant issued a press release, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

Exhibit 99.1. Press release dated August 4, 2026

Exhibit 104 Cover Page Interactive Data File (the cover page XBRL tags are embedded within the inline XBRL document)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

RED ROCK RESORTS, INC.

Date: August 4, 2026

By:

/s/ Stephen L. Cootey

Stephen L. Cootey

Executive Vice President, Chief Financial Officer and Treasurer

EX-99.1

Filename: d173277dex991.htm · Sequence: 2

EX-99.1

Exhibit 99.1

Red Rock Resorts Announces Second Quarter 2026 Results

LAS VEGAS, August 4, 2026 (PRNewswire)—Red Rock Resorts, Inc. (“Red Rock Resorts,” “we” or the “Company”)

(NASDAQ: RRR) today reported financial results for the second quarter ended June 30, 2026.

Second Quarter Results

Consolidated Operations

•

Net revenues were $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(1) 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.

Las Vegas

Operations

•

Net revenues from Las Vegas operations were $503.2 million for the second quarter of 2026, a decrease of

2.0%, or $10.1 million, from $513.3 million in the same period of 2025.

•

Adjusted EBITDA from Las Vegas operations was $227.5 million for the second quarter of 2026, a decrease of

5.0%, or $11.9 million, from $239.4 million in the same period of 2025.

Native American

•

Net revenues from Native American activities were $3.8 million for the second quarter of 2026, a decrease of

62.0%, or $6.2 million, from $10.0 million in the same period of 2025.

•

Adjusted EBITDA from Native American activities was $2.8 million, a decrease of 72.0%, or $7.2 million,

from $10.0 million in the same period of 2025.

Balance Sheet Highlights

The Company’s 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.

Quarterly Dividend

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. The dividend will be

payable on September 30, 2026 to all stockholders of record as of the close of business on September 15, 2026.

Prior to the payment of such

dividend, Station Holdco LLC (“Station Holdco”) 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 of which is expected to be distributed to the Company and approximately $11.9 million of which is expected to be distributed to the other unit holders of record of Station Holdco.

Conference Call Information

The Company will host a conference call today at 4:30 p.m. Eastern Time to discuss its financial results. The conference call will consist of prepared remarks

from the Company and include a question and answer session. Those interested in participating in the call should dial (888) 317-6003, or (412) 317-6061 for international

callers, approximately 15 minutes before the call start time. Please use the passcode: 6067582. A replay of the call will be available from today through August 11, 2026 at www.redrockresorts.com. A live audio webcast of the call will

also be available at www.redrockresorts.com.

Presentation of Financial Information

(1) Adjusted EBITDA is a non-GAAP measure that is presented solely as a supplemental disclosure. We believe that

Adjusted EBITDA is a widely used measure of operating performance in our industry and is a principal basis for valuation of gaming companies. We believe that in addition to net income, Adjusted EBITDA is a useful financial performance measurement

for assessing our operating performance because it provides information about the performance of our ongoing core operations. Adjusted EBITDA for the three and six months ended June 30, 2026 and 2025 includes net income plus depreciation and

amortization, share-based compensation, write-downs and other, net (including gains and losses on asset disposals, preopening and development, business innovation and technology enhancements and non-routine

items), interest expense, net, change in fair value of derivative instruments, gain on Native American development and provision for income tax.

Company Information and Forward Looking Statements

Red

Rock Resorts is a holding company that owns an indirect equity interest in and manages Station Casinos LLC (“Station Casinos”). Station Casinos is the leading provider of gaming, hospitality and entertainment to the residents of Las

Vegas, Nevada. Station Casinos’ properties, which are located throughout the Las Vegas valley, are regional entertainment destinations and include hotels as well as various amenities, including numerous restaurants, entertainment venues, movie

theaters, bowling and convention/banquet space, as well as traditional casino gaming offerings such as video poker, slot machines, table games, bingo and race and sports wagering. Station Casinos owns and operates Red Rock Casino Resort Spa, Green

Valley Ranch Resort Spa Casino, Durango Resort & Casino, 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, and Park Highlands). Station Casinos

also owns a 50% interest in Barley’s Casino & Brewing Company, Wildfire Casino & Lanes and The Greens.

This press release contains forward-looking statements within the meaning of Section 27A of the

Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements include, without limitation, statements regarding our expectations, hopes or intentions regarding the future. These

forward-looking statements can often be identified by their use of words such as “will”, “might”, “predict”, “continue”, “forecast”, “expect”, “believe”,

“anticipate”, “outlook”, “could”, “would”, “target”, “project”, “intend”, “plan”, “seek”, “estimate”, “pursue”,

“should”, “may” and “assume”, or the negative thereof, as well as variations of such words and similar expressions referring to the future. Forward-looking statements involve certain risks and uncertainties, and

actual results may differ materially from those discussed in any such statement. Certain important factors, including but not limited to, financial market risks, could cause our actual results to differ materially from those expressed in our

forward-looking statements. Further information on potential factors which could affect our financial condition, results of operations and business includes, without limitation, the impact of rising inflation, higher interest rates and increased

energy costs on consumer demand and the Company’s business, financial results and liquidity; the impact of unemployment and changes in general economic conditions on discretionary spending and consumer demand; the impact of our substantial

indebtedness; the effects of local and national economic, credit and capital market conditions on consumer spending and the economy in general, and on the gaming and hotel industries in particular; the effects of competition, including locations of

competitors and operating and market competition; changes in laws, including increased tax rates, regulations or accounting standards, third-party relations and approvals, and decisions of courts, regulators and governmental bodies; risks associated

with construction projects, including disruption of our operations, shortages of materials or labor, unexpected costs, unforeseen permitting or regulatory issues and weather; litigation outcomes and judicial actions, including gaming legislative

action, referenda and taxation; acts of war or terrorist incidents, pandemics, natural disasters or civil unrest; risks associated with the collection and retention of data about our customers, employees, suppliers and business partners; and other

risks discussed under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025, and in the Company’s other current and

periodic reports filed from time to time with the Securities and Exchange Commission. All forward-looking statements in this document are made based on information available to the Company as of the date hereof, and the Company assumes no obligation

to update any forward-looking statement.

View source version on http://redrockresorts.investorroom.com/:

Investors:

Stephen L. Cootey

Stephen.Cootey@redrockresorts.com

(702) 495-4214

Media:

Michael

J. Britt

Michael.Britt@redrockresorts.com

(702) 495-3693

Red Rock Resorts, Inc.

Condensed Consolidated Statements of Income

(amounts in thousands, except per share data)

(unaudited)

Three Months Ended

June 30,

Six Months Ended

June 30,

2026

2025

2026

2025

Operating revenues:

Casino

338,305

344,796

678,827

678,041

Food and beverage

93,033

94,374

183,356

183,646

Room

46,658

51,187

92,172

101,357

Native American management and development fees

3,806

10,008

8,543

10,008

Other

28,460

25,908

54,683

51,082

Net revenues

510,262

526,273

1,017,581

1,024,134

Operating costs and expenses:

Casino

90,239

93,862

181,469

183,275

Food and beverage

78,699

75,894

152,886

149,655

Room

15,845

15,941

31,449

31,930

Other

9,983

8,519

17,683

15,762

Selling, general and administrative

117,936

112,031

232,293

216,742

Depreciation and amortization

58,985

47,988

114,840

96,319

Write-downs and other, net

2,579

4,010

7,289

8,070

374,266

358,245

737,909

701,753

Operating income

135,996

168,028

279,672

322,381

Earnings from joint ventures

637

610

1,344

1,322

Operating income and earnings from joint ventures

136,633

168,638

281,016

323,703

Other (expense) income:

Interest expense, net

(49,645

)

(50,632

)

(99,149

)

(101,742

)

Change in fair value of derivative instruments

3,087

(2,305

)

4,053

(7,499

)

Gain on Native American development

—

8,476

—

8,476

Income before income tax

90,075

124,177

185,920

222,938

Provision for income tax

(13,483

)

(15,924

)

(26,608

)

(28,735

)

Net income

76,592

108,253

159,312

194,203

Less: net income attributable to noncontrolling interests

37,474

51,849

77,305

93,050

Net income attributable to Red Rock Resorts, Inc.

39,118

56,404

82,007

101,153

Earnings per common share:

Earnings per share of Class A common stock, basic

0.68

0.96

1.41

1.71

Earnings per share of Class A common stock, diluted

0.67

0.95

1.40

1.69

Weighted-average common shares outstanding:

Basic

57,888

58,960

58,045

59,081

Diluted

58,805

102,730

59,086

103,060

Dividends declared per common share

0.26

1.25

1.52

1.50

Red Rock Resorts, Inc.

Segment Information and Reconciliation of Net Income to Adjusted EBITDA

(amounts in thousands)

(unaudited)

Three Months Ended

June 30,

Six Months Ended

June 30,

2026

2025

2026

2025

Net revenues

Las Vegas operations

503,158

513,262

1,002,680

1,008,215

Native American

3,806

10,008

8,543

10,008

Corporate and other

3,298

3,003

6,358

5,911

Net revenues

510,262

526,273

1,017,581

1,024,134

Net income

76,592

108,253

159,312

194,203

Adjustments

Depreciation and amortization

58,985

47,988

114,840

96,319

Share-based compensation

9,847

8,723

17,527

16,347

Write-downs and other, net

2,579

4,010

7,289

8,070

Interest expense, net

49,645

50,632

99,149

101,742

Change in fair value of derivative instruments

(3,087

)

2,305

(4,053

)

7,499

Gain on Native American development

—

(8,476

)

—

(8,476

)

Provision for income tax

13,483

15,924

26,608

28,735

Adjusted EBITDA

208,044

229,359

420,672

444,439

Adjusted EBITDA

Las Vegas operations

227,534

239,444

459,951

475,344

Native American

2,811

10,008

5,734

10,008

Corporate and other

(22,301

)

(20,093

)

(45,013

)

(40,913

)

Adjusted EBITDA

208,044

229,359

420,672

444,439

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