Park Hotels & Resorts Inc. (PK) Form 10-Q — Aug 7, 2026

$PKForm 10-QFiled Aug 7, 2026, 4:02 PM ET0001617406-26-000042Original filing

Park Hotels & Resorts swung to a second-quarter 2026 profit of $50 million, or $0.24 per diluted share, on revenues of $680 million, versus a $2 million loss a year earlier. For the first six months, net income was $62 million ($0.29 per share) against a $59 million loss in 2025, with total revenues flat at $1,302 million. REIT metrics improved markedly: Nareit FFO rose to $0.66 per diluted share from $0.51, Adjusted FFO rose to $0.70 from $0.64, and Hotel Adjusted EBITDA climbed to $208 million from $191 million.

Key figures

Eps: $0.24 diluted Q2 2026 (vs. $(0.02) Q2 2025); $0.29 six months 2026 (vs. $(0.31))
Revenue: $680 million Q2 2026; $1,302 million six months 2026 (flat YoY for six months)
Net Income: $50 million Q2 2026 (vs. $(2) million Q2 2025); $62 million six months 2026 (vs. $(59) million)
Total Debt: $3,915 million (approximately $3.9 billion, including over $2 billion of Senior Notes)
Cash Position: $264 million cash and equivalents plus $38 million restricted cash
Shares Outstanding: 201338330
Senior notes: $725 million due 2028; $750 million due 2029; $550 million due 2030
Total assets: $7,702 million
Capex six months: $147 million
Affo per share q2: $0.70 vs. $0.64
Buyback remaining: $275 million of $300 million authorization
Hhv mortgage loan: $1.3 billion maturing Q4 2026
Dividend per share: $0.25 quarterly
Impairment q2 2026: $22 million on Non-Core hotels
Revolver available: $1 billion
Delayed draw term loan: $800 million facility; $600 million remaining after $200 million June 2026 draw
Nareit ffo per share q2: $0.66 vs. $0.51 Q2 2025
Hotel adjusted ebitda q2: $208 million vs. $191 million
Affo per share six months: $1.15 vs. $1.10
Bonnet creek mortgage loan: $700 million undrawn
Core hotel adjusted ebitda q2: $182 million vs. $166 million
Nareit ffo per share six months: $1.05 vs. $0.83
Net cash from operations six months: $200 million

Price after filing

1 day: -1.2%7 days: +1.3%30 days: +2.1%

Close on the filing date to close N calendar days later (from $14.94). Historical, not a forecast.

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