Education
About Us
Working with TipRanks
Follow Us
Red Rock Resorts (RRR)
NASDAQ:RRR
Earnings Data
Report Date
Jul 23, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.4Last Year’s EPS
0.59Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:May 01, 2025
|% Change Since: 13.80%
|Next Earnings Date:Jul 23, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong financial performance, successful project developments, and shareholder returns, but also acknowledged challenges like cannibalization effects, insurance costs, and construction disruptions. Overall, the positive aspects significantly outweigh the negative, showcasing a robust business outlook.Company Guidance
During Red Rock Resorts' first quarter 2025 conference call, the company reported record financial performance in its Las Vegas operations, achieving its highest first quarter net revenue of $495 million, up 1.9% from the previous year, and adjusted EBITDA of $235.9 million, up 2.7%. The adjusted EBITDA margin reached 47.7%, a 34 basis point increase. On a consolidated basis, net revenue was $497.9 million, with an adjusted EBITDA of $215.1 million, reflecting a 2.8% increase and a 43.2% margin, up 42 basis points. The company highlighted the continued growth of the Durango Casino & Resort, adding over 95,000 new customers to its database and achieving a return net of cannibalization of nearly 16%. Red Rock Resorts also discussed ongoing expansions, including a $120 million project at Durango, as well as renovations at Sunset Station and Green Valley Ranch, with total capital expenditures for 2025 expected to range between $350 million and $400 million. The company ended the quarter with $150.6 million in cash, $3.4 billion in total debt, and a net debt-to-EBITDA ratio of 4.1 times. Red Rock declared a special dividend of $1 per Class A share, reflecting confidence in its business model and long-term growth prospects in the Las Vegas locals market.Record First Quarter Revenue and EBITDA
Las Vegas operations achieved its highest first quarter net revenue and adjusted EBITDA in history, with net revenue of $495 million (up 1.9%) and adjusted EBITDA of $235.9 million (up 2.7%).
Durango Casino & Resort Performance
Durango Casino & Resort continues strong momentum, adding over 95,000 new customers and achieving a net return of nearly 16% through the first quarter of 2025.
Construction Progress and Expansion Plans
Construction continues on the next phase of the Durango Master Plan, including additional casino space and a new parking garage, with completion expected in December.
Hotel and Food and Beverage Division Success
Both divisions achieved record performance in the first quarter, driven by increased occupancy and higher cover counts.
Successful Financing for North Fork Project
The $750 million financing package for the North Fork project was successfully closed, providing a significant reduction in capitalized interest expense.
Special Cash Dividend Announced
A special cash dividend of $1 per Class A common share was declared, reflecting the Board's confidence in the business model.
Strong Balance Sheet and Capital Return
Returned approximately $159 million to shareholders in 2025 after the special and regular dividends.
---
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 |
|---|---|---|---|
May 01, 2025 | $41.39 | $42.90 | +3.65% |
Feb 11, 2025 | $49.58 | $50.22 | +1.29% |
Nov 07, 2024 | $53.92 | $51.61 | -4.28% |
Jul 23, 2024 | $58.54 | $54.31 | -7.23% |
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 23, 2025, TBA Not Confirmed.
What is Red Rock Resorts (RRR) earnings time?
Red Rock Resorts (RRR) earnings time is at Jul 23, 2025, TBA Not 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 2025 (Q2) is 0.4.
---