Key Highlights

• Red Rock Resorts' $0.26 quarterly Dividend trades with a September 15, 2026 record date, payable September 30, yielding approximately 1.71%.

• The regular quarterly rate increased from $0.25 in 2025 to $0.26 in 2026, separate from a $1.00 Special Dividend paid in February 2026.

• Second-quarter net Revenue fell 3.0% to $510.3 million, with Net Income attributable to Red Rock of $39.1 million, down from $56.4 million a year earlier.

• Las Vegas operations maintained a 45.2% adjusted EBITDA Margin despite renovation disruption at Green Valley Ranch.

Red Rock Resorts' (NASDAQ:RRR) $0.26 quarterly dividend trades with a September 15 Record Date and September 30 payment date. Net income attributable to Red Rock fell to $39.1 million from $56.4 million, which the company tied to renovation disruption at Green Valley Ranch and a sharp decline in its smaller Native American activities segment, even as the Las Vegas segment held a 45.2% adjusted EBITDA margin.

Dividend Program and Shareholder Returns

Red Rock Resorts declared a $0.26 per share quarterly dividend for Class A common stock, payable September 30 to shareholders of record September 15. The annualized dividend is $1.04 per share, up from $1.00 in 2025. Separately, the company paid a $1.00 special dividend in February 2026, a one-time distribution outside the recurring quarterly schedule; the company has combined this pattern of steady regular-rate increases with periodic special dividends and an ongoing employee stock grant tied to Station Casinos' 50th anniversary, worth more than $70 million to roughly 10,000 team members.

About the Company

Red Rock Resorts is the corporate owner and manager of an indirect Equity interest in Station Casinos LLC, a major regional gaming, hospitality and entertainment operator with a portfolio of large casino resorts and neighborhood gaming properties across the Las Vegas metropolitan area.

Financial Performance Behind the Payout

Red Rock Resorts reported second-quarter net revenue of $510.3 million, down 3.0% from $526.3 million a year earlier. Consolidated net income was $76.6 million, down 29.3% from $108.3 million, while net income attributable to Red Rock specifically was $39.1 million, down from $56.4 million. Adjusted EBITDA was $208.0 million, down 9.3% from $229.4 million. Las Vegas operations generated $503.2 million of revenue, down 2.0%, with adjusted EBITDA of $227.5 million, down 5.0%, maintaining a 45.2% margin. Native American activities saw a 62.0% revenue decline to $3.8 million. At June 30, cash was $136.5 million and total principal Debt was approximately $3.6 billion.

Green Valley Ranch Disruption

The company attributed much of the Earnings decline to renovation and construction disruption, particularly room-night losses at Green Valley Ranch, alongside the difficult Native American comparison. Las Vegas' 45.2% adjusted EBITDA margin held near the company's recent range despite the disruption.

Outlook

The pace of Green Valley Ranch's renovation completion is the clearest marker for when this disruption-related drag fades from results. The gap between consolidated net income of $76.6 million, which includes noncontrolling interests, and the $39.1 million attributable to Red Rock specifically is worth tracking separately in future quarters given how much it can diverge.