Earnings summaries and quarterly performance for Red Rock Resorts.
Executive leadership at Red Rock Resorts.
Frank Fertitta III
Detailed
Chairman of the Board and Chief Executive Officer
CEO
Jeffrey Welch
Detailed
Executive Vice President and Chief Legal Officer
Kord Nichols
Detailed
Executive Vice President and Chief Operating Officer
Scott Kreeger
Detailed
President
Stephen Cootey
Detailed
Executive Vice President, Chief Financial Officer and Treasurer
Board of directors at Red Rock Resorts.
Research analysts who have asked questions during Red Rock Resorts earnings calls.
David Katz
Jefferies Financial Group Inc.
5 questions for RRR
Also covers: AGS, BALY, BYD +34 more
John DeCree
CBRE
5 questions for RRR
Also covers: BYD, CZR, FLL +9 more
Steven Wieczynski
Stifel
5 questions for RRR
Also covers: BYD, CCL, CUK +11 more
Barry Jonas
Truist Securities
4 questions for RRR
Also covers: BALY, BYD, CHDN +15 more
Brandt Montour
Barclays PLC
4 questions for RRR
Also covers: BALY, BYD, CCL +23 more
Chad Beynon
Macquarie
4 questions for RRR
Also covers: ACEL, AGS, AMC +30 more
Jordan Bender
JMP Securities
4 questions for RRR
Also covers: AMC, BALY, BRAG +14 more
Joseph Stauff
Susquehanna Financial Group, LLLP
4 questions for RRR
Also covers: BYD, CHDN, DKNG +8 more
Benjamin Chaiken
Mizuho Financial Group, Inc.
3 questions for RRR
Also covers: BYD, CCL, CHDN +14 more
Carlo Santarelli
Deutsche Bank
3 questions for RRR
Also covers: BYD, CZR, DKNG +6 more
Shaun Kelley
Bank of America Merrill Lynch
3 questions for RRR
Also covers: BYD, CHDN, CHH +16 more
Daniel Politzer
Wells Fargo
2 questions for RRR
Also covers: BYD, CCL, CHDN +20 more
Dan Politzer
Wells Fargo
2 questions for RRR
Also covers: CZR, DKNG, HLT +3 more
Patrick Keough
Truist Securities
2 questions for RRR
Also covers: BRSL, DKNG, GDEN +1 more
Stephen Grambling
Morgan Stanley
2 questions for RRR
Also covers: BC, BYD, CHH +21 more
Steve Pizzella
Deutsche Bank
2 questions for RRR
Also covers: ACEL, BYD, CZR +6 more
Ben Chaiken
Mitsui
1 question for RRR
Also covers: CCL, CHDN, DKNG +6 more
Benjamin Nicolas Chaiken
Mizuho Securities USA LLC
1 question for RRR
Also covers: CHDN
Chad C. Beynon
Macquarie Research Division
1 question for RRR
David Brian Katz
Jefferies LLC
1 question for RRR
Also covers: CHDN
John G. DeCree
CBRE Securities LLC
1 question for RRR
Jordan Maxwell Bender
Citizens JMP Securities LLC
1 question for RRR
Joseph Greff
JPMorgan Chase & Co.
1 question for RRR
Also covers: BYD, CHH, CZR +10 more
Joseph Robert Stauff
Susquehanna Financial Group
1 question for RRR
Also covers: CHDN
Steven Moyer Wieczynski
Morgan Stanley
1 question for RRR
Recent press releases and 8-K filings for RRR.
Red Rock Resorts Reports Strong Q3 2025 Results, Announces Durango Expansion and Share Repurchase Program Extension
RRR
Earnings
New Projects/Investments
Share Buyback
- Red Rock Resorts reported Q3 2025 consolidated net revenue of $475.6 million, an increase of 1.6% from the prior year, and Adjusted EBITDA of $190.9 million, up 4.5% year-over-year, with an Adjusted EBITDA margin of 40.1%. The company generated $128.5 million in operating free cash flow during the quarter.
- The company is proceeding with the next phase of its Durango Casino Resort expansion, which will add over 275,000 sq ft of casino space and amenities at an estimated cost of $385 million, with construction expected to begin in January 2026 and take approximately 18 months to complete.
- Red Rock Resorts extended its share repurchase program to December 31, 2027, and authorized an additional $300 million, bringing the total availability for future share repurchases to $573 million. In Q3, the company repurchased approximately 92,000 Class A shares and paid a quarterly dividend of $0.25 per Class A share.
- The full-year 2025 capital expenditure guidance was revised down by $25 million to between $325 million and $350 million due to timing. The company anticipates construction disruption impacts of approximately $8 million at Green Valley Ranch and $1 million - $1.5 million at Sunset Station in Q4 2025.
Oct 28, 2025, 8:30 PM
Red Rock Resorts Reports Strong Q3 2025 Results and Highlights Growth Drivers
RRR
Earnings
Dividends
New Projects/Investments
- Red Rock Resorts reported strong Q3 2025 results, with net revenues of $475,572 thousand and Adjusted EBITDA of $190,868 thousand, noting that its Las Vegas operations achieved record-high EBITDA and net revenue for similar quarters.
- The company increased its quarterly dividend to $0.26 per share in October 2025 and has $573 million remaining under its $900 million share repurchase plan.
- Red Rock Resorts owns all its real estate, including land holdings valued at over $950 million as of September 30, 2025, and has 7 owned development sites in growing areas, demonstrating a history of producing 20+% IRR on greenfield properties. Additionally, the North Fork project is under construction with an expected opening in Q4 2026.
- The Las Vegas market shows robust growth, with the population projected to reach 2.9 million by 2040 and residents aged 65+ expected to grow 4.1x faster than the total population in Clark County over the next 5 years, supporting the company's strong locals gaming market position.
Oct 28, 2025, 8:30 PM
Red Rock Resorts Reports Strong Q3 2025 Results, Announces Durango Expansion, and Increases Dividend
RRR
Earnings
New Projects/Investments
Dividends
- Red Rock Resorts reported strong Q3 2025 consolidated net revenue of $475.6 million and adjusted EBITDA of $190.9 million, with Las Vegas operations achieving record net revenue and adjusted EBITDA.
- The company announced a $385 million expansion for Durango Casino Resort, with construction starting in January and expected to take approximately 18 months to complete.
- The North Fork project is progressing towards an early Q4 2026 opening, with an estimated total cost of $750 million and projected management fees of $40 to $50 million upon stabilization.
- Red Rock Resorts' Board of Directors approved an increase in the regular cash quarterly dividend to $0.26 per Class A share, payable on December 31.
- Construction disruption is anticipated to continue, with an estimated $8 million impact at Green Valley Ranch in Q4 2025.
Oct 28, 2025, 8:30 PM
Red Rock Resorts Reports Record Q3 2025 Results and Announces Significant Capital Investments
RRR
Earnings
Dividends
New Projects/Investments
- Red Rock Resorts' Las Vegas operations achieved record net revenue and adjusted EBITDA for Q3 2025, marking the ninth consecutive quarter of record net revenue and fifth consecutive quarter of record adjusted EBITDA. Las Vegas operations net revenue was $468.6 million, up 1%, and adjusted EBITDA was $209.4 million, up 3.4% year-over-year.
- The company announced an increase in its regular cash quarterly dividend to $0.26 per Class A share and extended its share repurchase program to December 31, 2027, with an additional $300 million authorized, bringing total availability to $573 million.
- Significant capital investments are underway, including a $385 million expansion of the Durango Casino Resort, which will add nearly 400 slot machines and new amenities, with construction starting in January 2026. The North Fork project, with a total cost of approximately $750 million, is on track for an early Q4 2026 opening.
Oct 28, 2025, 8:30 PM
Red Rock Resorts Reports Q3 2025 Results, Declares Dividend, and Expands Share Buyback
RRR
Earnings
Dividends
Share Buyback
- Red Rock Resorts, Inc. reported net revenues of $475.6 million for the third quarter of 2025, marking a 1.6% increase from the same period in 2024, and net income of $76.9 million, a 38.8% increase.
- The company's Board of Directors declared a cash dividend of $0.26 per Class A common share for the fourth quarter of 2025, payable on December 31, 2025.
- An additional $300 million was authorized under the existing share repurchase program, extending it to December 31, 2027, with approximately $573 million remaining in repurchase authority as of October 28, 2025.
- As of September 30, 2025, the company had $129.8 million in cash and cash equivalents and $3.4 billion in total principal amount of debt outstanding.
Oct 28, 2025, 8:01 PM
Red Rock Resorts Announces Third Quarter 2025 Results
RRR
Earnings
Dividends
Share Buyback
- Red Rock Resorts reported net revenues of $475.6 million for the third quarter of 2025, marking a 1.6% increase from $468.0 million in the same period of 2024. Net income for Q3 2025 rose 38.8% to $76.9 million from $55.4 million in Q3 2024.
- Adjusted EBITDA increased by 4.5% to $190.9 million for the third quarter of 2025, up from $182.7 million in the prior year's period.
- The company's Board of Directors declared a cash dividend of $0.26 per Class A common share for the fourth quarter of 2025, payable on December 31, 2025.
- An additional $300 million was authorized under the existing share repurchase program, extending its duration to December 31, 2027, with approximately $573 million remaining in repurchase authority as of October 28, 2025.
Oct 28, 2025, 8:01 PM
Quarterly earnings call transcripts for Red Rock Resorts.
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