RRR

Red Rock Resorts, Inc. ( RRR ) Q3 2026 Earnings Call November 3, 2026 4:30 PM EST Company Participants Stephen Cootey - Executive VP, CFO & Treasurer Frank Fertitta - Chairman & CEO Scott Kreeger - President Lorenzo Fertitta - VP & Vice Chairman of the Board Conference Call Participants Elizabeth Dove - Goldman Sachs Group, Inc., Research Division David Katz - Jefferies LLC, Research Division Daniel Politzer - JPMorgan Chase & Co, Research Division Joseph Stauff - Susquehanna Financial Group, LLLP, Research Division John DeCree - CBRE Securities, LLC, Research Division Steven Wieczynski - Stifel, Nicolaus & Company, Incorporated, Research Division Brandt Montour - Barclays Bank PLC, Research Division Steven Pizzella - Deutsche Bank AG, Research Division Barry Jonas - Truist Securities, Inc., Research Division Jordan Bender - Citizens JMP Securities, LLC, Research Division Benjamin Chaiken - Mizuho Securities USA LLC, Research Division Raymond Bowers - Wells Fargo Securities, LLC, Research Division Presentation Operator Good afternoon, and welcome to the Red Rock Resorts' Third Quarter 2026 Conference Call. [Operator Instructions] Please note, this conference is being recorded.

Red Rock Resorts NASDAQ: RRR reported record third-quarter net revenue for its Las Vegas operations, while adjusted EBITDA declined from a year earlier amid higher utility costs, anniversary-related spending and construction disruption.

LAS VEGAS, Nov. 3, 2026 /PRNewswire/ -- Red Rock Resorts, Inc. ("Red Rock Resorts," "we" or the "Company") (NASDAQ: RRR) today reported financial results for the third quarter ended September 30, 2026. Third Quarter Results Consolidated Operations Net revenues were $488.7 million for the third quarter of 2026, an increase of 2.8%, or $13.1 million, from $475.6 million in the same period of 2025.

Baron Focused Growth Fund declined 2.34% (Institutional Shares) in the third quarter, outperforming its benchmark, the Russell 2500 Growth Index, which fell 10.35%. Shopify Inc., Gartner, Inc., and FIGS, Inc. were the quarter's largest contributors to performance. Space Exploration Technologies Corp., Tesla, Inc., and Birkenstock Holding plc were the largest detractors.

The Fund declined 4.75% while the Russell 2500 Index declined 6.37%. Key contributors include Illumina, Revvity and Waystar. Key detractors include Regal Rexnord, Knife River and Red Rock Resorts.

Red Rock Resorts (RRR) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Red Rock Resorts (RRR) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

LAS VEGAS, Oct. 21, 2026 /PRNewswire/ -- Station Casinos LLC (the "Company" or "Station Casinos"), a consolidated subsidiary of Red Rock Resorts, Inc. (NASDAQ: RRR), announced today that it has entered into an incremental joinder agreement to its senior secured credit agreement providing for $500 million in aggregate principal amount of incremental term B loans (the "Incremental Term B Loans"). The Incremental Term B Loans are fungible with, and have the same terms as, the Company's existing term B loans outstanding under its credit agreement, including as to maturity.

Red Rock Resorts, Inc. is upgraded to Strong Buy after a 31% correction, with shares now below $50 and long-term bullish trends intact. RRR's unique focus on the growing Las Vegas local market, extensive undeveloped land, and differentiated business model provide structural growth advantages over Strip-focused peers. Recent $70 million unrestricted stock awards to employees may have pressured shares, but management's employee-centric culture and asset investments reinforce long-term value.

LAS VEGAS, Oct. 12, 2026 /PRNewswire/ -- Red Rock Resorts, Inc. ("Red Rock Resorts", "we" or the "Company") (NASDAQ: RRR) announced today that it will release the Company's financial results for the third quarter 2026 on Tuesday, November 3, 2026 and will hold a conference call on the same day at 4:30 p.m. ET (1:30 p.m.