United Parks & Resorts Inc.
48.02-3.23 (-6.3%)
Oct 29, 4:00:02 PM EDT · NYSE · PRKS · USD
Key Stats
Market Cap
2.64BP/E (TTM)
13.05Basic EPS (TTM)
3.68Dividend Yield
0%Recent Filings
8-K
8-K
Stockholders approve $500M buyback
United Parks & Resorts Inc. secured stockholder approval on September 3, 2025, for a $500.0 million share repurchase program, authorizing buybacks via open market or private deals under securities rules, with no fixed timeline. The vote passed with 11.8 million disinterested shares in favor, representing 50.51% of eligible votes, while capping repurchases to keep Hill Path Capital's ownership below 70%. This signals confidence in the company's strong balance sheet and free cash flow, yet risks include potential volatility from the program.
8-K
New CAO appointment announced
United Parks & Resorts appointed Kevin Connelly as Chief Accounting Officer effective August 18, 2025, replacing William Myers who stepped down on August 13 but stays through August 31 for transition. Connelly, a seasoned CPA with real estate and finance experience, gets a $260,000 base salary, 60% target bonus, and 80% long-term incentives, plus $500,000 in initial equity grants vesting over four years. This leadership shift bolsters accounting expertise amid ongoing operations.
10-Q
Q2 FY2025 results
United Parks & Resorts posted Q2 revenue of $490.2M, down 1.5% y/y yet up sharply q/q from a quieter Q1, as attendance climbed 0.8% to 6.2M guests amid a favorable Easter shift, though worse weather tempered gains. Admissions dipped 3.1% y/y to $255.7M on softer per capita pricing, while food and merchandise edged up 0.4% to $234.5M; operating income fell 14.6% y/y to $140.5M, squeezed by 7.7% higher operating expenses from self-insurance adjustments, but interest expense dropped 13.8% y/y to $34.0M post-refinancing. Cash swelled to $193.9M, with operating cash flow of $206.9M for H1 fueling $110.5M in capex and $9.2M share repurchases; free cash flow hit $96.4M (derived) on the back of robust liquidity, including $689.1M revolver availability against $2.3B total debt at blended rates under 6%. Diluted EPS of $1.45 aligns with 55.4M shares, no anti-dilution flagged. Solid cash generation persists. Union organizing efforts pose a key risk to labor stability.
8-K
Q2 attendance grows, revenue slips
United Parks & Resorts reported Q2 2025 results with attendance up 0.8% to 6.2 million guests, yet total revenue dipped 1.5% to $490.2 million amid brutal weather and softer per capita spending. Net income fell 12.1% to $80.1 million, while Adjusted EBITDA declined 5.4% to $206.3 million. The board proposed a $500 million share repurchase, pending non-Hill Path shareholder approval. Strong bookings signal a robust second half.
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