PENN Entertainment, Inc. 8K

PENN Entertainment, Inc. reported improved Q2 2026 results with higher revenues, positive net income, stronger Adjusted EBITDA, and completed several debt refinancing and repayment transactions that extended maturities and reduced leverage and dilution.

On August 6, 2026, PENN Entertainment, Inc. announced its financial results for the second quarter ended June 30, 2026, reporting revenues of $1.86 billion (up from $1.77 billion a year earlier), a return to profitability with net income of $32.6 million versus a prior-year loss, and a $52.5 million year-over-year increase in Consolidated Adjusted EBITDA to $312.6 million, driven by record Retail segment performance and continued improvement in its Interactive segment. The company highlighted record quarterly Retail segment revenues of $1.5 billion and Segment Adjusted EBITDAR of $517.2 million with 34.4% margins, strong contributions from newly opened development projects such as the new hotel tower at Hollywood Columbus and the new Hollywood Casino Aurora, and ongoing growth in U.S. iCasino and Canadian online operations. PENN also emphasized balance sheet actions, including refinancing and extending its revolving credit facility and Term Loan A to 2031, repricing and extending its Term Loan B to 2033, and repaying the remaining $106.7 million of its 2.75% Convertible Notes due 2026, which reduced leverage and eliminated approximately 4.6 million potentially dilutive shares, while ending the quarter with $1.9 billion of liquidity and $1.93 billion of traditional net debt.

Filing Facts

CIK

921738

Ticker

-

Form

8K

Source Type

sec

Accession

0000921738-26-000019

Alert Tier

6