Red Rock Resorts (RRR)
NASDAQ:RRR
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Earnings Data
Report Date
Jul 29, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.49Last Year’s EPS
0.55Same Quarter Last Year
Strong Buy
Based on 14 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a constructive operational and strategic outlook: revenue growth, record gaming performance, strong free cash flow conversion and meaningful shareholder returns and development progress are notable positives. Offsetting these strengths were modest declines in adjusted EBITDA and margins, temporary disruption from renovations and construction (notably at Green Valley Ranch and Durango) and some cost pressures (utilities, payroll). Management emphasized confidence in the development pipeline, disciplined capital allocation and comfortable leverage, and expects disruptions to be transitory as investments come online.Company Guidance
Revenue Growth
Las Vegas operations net revenue of $499.5M, up 0.9% year-over-year; consolidated net revenue of $507.3M (includes $4.7M from North Fork), up 1.9% year-over-year.
Strong Gaming Performance and Records
Company reported the highest first-quarter gaming revenue and profitability in company history, with Las Vegas delivering the highest first-quarter net revenue and the second-highest first-quarter adjusted EBITDA in company history; robust spend per visit and net theoretical win across local, regional and national segments drove results.
Free Cash Flow and Capital Returned to Shareholders
Converted 50.3% of adjusted EBITDA into operating free cash flow, generating $107.0M (or $1.03 per share) in the quarter; returned approximately $170.5M to shareholders in the quarter via dividends and share repurchases (including ~635,000 Class A shares repurchased at an average $6.32/share).
Durango Expansion Validating Strategy
Durango expansion (completed December) produced strong financial performance and positive guest feedback; expansion added >25,000 sq ft casino, a premier high-limit slot area and ~2,000 covered parking spaces. Company plans Durango North expansion (~275,000 sq ft, ~400 additional slot machines) estimated at ~$385M targeting summer 2027.
Progress on Development Projects (North Fork, Sunset Station, Green Valley Ranch)
North Fork project fully financed, on track for early Q4 2026 open with first casino-floor turnover late June and total all-in cost ~ $750M; Sunset Station $53M renovation on budget with positive feedback; Green Valley Ranch West Tower and convention space reopened with encouraging performance.
Strong Non-Gaming Performance
Hotel division produced near-record revenue and profitability with higher ADR across the portfolio; Food & Beverage delivered its second-best Q1 revenue and third-best Q1 profit in company history; group sales & catering delivered its third-highest Q1 revenue.
Balance Sheet and Capital Plan
Quarter-end cash & equivalents of $134M; management comfortable with net debt-to-EBITDA of 4.07x while guiding FY 2026 capital spend of $375M–$425M (investment capex $275M–$300M; maintenance $100M–$125M).
Employer and Brand Recognition
Station Casinos recognized by Forbes & Statista as one of America's Best Large Employers (2026), Top Workplace in Nevada for sixth consecutive year, and USA TODAY Top Workplace for third consecutive year (first time recognized in hospitality).
RRR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
RRR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 29, 2026 | $56.06 | $53.96 | -3.75% |
Feb 10, 2026 | $65.48 | $63.60 | -2.87% |
Oct 28, 2025 | $57.83 | $51.05 | -11.73% |
Jul 29, 2025 | $53.48 | $58.35 | +9.09% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Red Rock Resorts (RRR) report earnings?
Red Rock Resorts (RRR) is schdueled to report earning on Jul 29, 2026, After Close (Confirmed).
What is Red Rock Resorts (RRR) earnings time?
Red Rock Resorts (RRR) earnings time is at Jul 29, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is RRR EPS forecast?
RRR EPS forecast for the fiscal quarter 2026 (Q2) is 0.49.