Red Rock Resorts reported net revenues of $488.7 million for the three months ended September 30, 2026, up 2.8%, but operating income fell to $26.7 million from $131.5 million as $79.1 million of nonrecurring share-based compensation for 50th anniversary employee stock awards weighed on results.
RRR · Red Rock Resorts, Inc.
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Red Rock Resorts reported a $17.7 million third-quarter net loss driven by $79.1 million of 50th anniversary stock-award compensation expense, while net revenues rose 2.8%. The board declared a $0.26 per-share dividend for the fourth quarter of 2026.
On October 21, 2026, Station Casinos LLC announced an agreement providing for $500 million in incremental term B loans, with proceeds designated to repay revolving borrowings, related fees and expenses, and general corporate purposes.
Metrics snapshot
Useful current figures from the complete screener profile.
Quarterly results
* Q4 derived as the full year minus Q1 to Q3.
AI Brief
Q2 FY26 earnings call · Aug 4, 2026TL;DR. Red Rock Resorts reported Q2 2026 declines versus a record prior-year quarter, with consolidated net revenue down 3% to $510.3M and adjusted EBITDA down 9.3% to $208M, while reaffirming its full-year 2026 capital spending guidance of $375–$425M and progressing the Durango North expansion (on schedule for 2H 2027) and North Fork opening (early Q4 2026).
- + Durango North expansion remains on schedule to open in second half 2027
- + North Fork project remains on budget at ~$750M and on pace for early Q4 2026 opening
- + Operating free cash flow of $100M ($0.95/share) in Q2 with $206.7M YTD supported capital returns of ~$198M
- + Las Vegas locals market demand trends stable across local, regional and national segments
- − Las Vegas operations adjusted EBITDA margin contracted 143 bps YoY to 45.2%
- − Green Valley Ranch renovation caused ~$7M of disruption in Q2 from lost 21,000 room nights
- − One-time $8M 50th anniversary/brand marketing expense will hit Q3 corporate expense
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Still-open targets the latest release did not restate under the same label.
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders SellIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Adjusted EBITDA | $182.62M | FY2026 Q3 | -4.3% |
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| Average daily rate | $200.67 | Three Months Ended June 30, 2026 filing | — |
| Corporate and other Adjusted EBITDA non-GAAP | -$22.3M | the three months ended June 30, 2026 filing | — |
| Occupancy | 91.3% | Three Months Ended June 30, 2026 filing | — |
| Revenue per available room | $183.24 | Three Months Ended June 30, 2026 filing | — |
| Adjusted EBITDA from Las Vegas operations non-GAAP | 227.5M | second quarter of 2026 | — |
| Adjusted EBITDA from Native American activities non-GAAP | 2.8M | second quarter 2026 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Resorts & Casinos — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
RRR
this stock
Red Rock Resorts, Inc.
|
$5.16B | -21.1% | +3.7% | 24.8 | 3.8% |
|
LVS
Las Vegas Sands Corp
|
$25.32B | -37.9% | +15.2% | 16.6 | 3.1% |
|
WYNN
Wynn Resorts Ltd
|
$8.72B | -29.3% | +10.7% | — | 10.7% |
|
MGM
MGM Resorts International
|
$8.47B | -8.2% | +7.1% | 12.7 | 8.3% |
|
CZR
Caesars Entertainment, Inc.
|
$5.98B | +25.4% | +65.0% | — | 11.8% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every section- Filed
- Nov 4, 2026
- This year
- 13
Red Rock Resorts reported net revenues of $488.7 million for the three months ended September 30, 2026, up 2.8%, but operating income fell to $26.7 million from $131.5 million as $79.1 million of nonrecurring share-based compensation for 50th anniversary employee stock awards weighed on results.
ViewPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| RRR | +1.3% | -0.9% | -14.6% | -0.6% | -21.1% |
| SPY | +2.6% | -1.2% | +0.5% | -0.2% | +10.6% |
| vs SPY | -1.3% | +0.3% | -15.1% | -0.4% | -31.8% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.