v3.25.2
Stockholders' Equity
 6 Months Ended
Jun. 30, 2025
Equity [Abstract]  
Stockholders' Equity
8.    Stockholders’ Equity    
Net Income Attributable to Red Rock Resorts, Inc. and Transfers to Noncontrolling Interests
The table below presents the effect on Red Rock Resorts, Inc. stockholders’ equity from net income and transfers to noncontrolling interests (amounts in thousands):
Three Months Ended
June 30,		Six Months Ended
June 30,
2025202420252024
Net income attributable to Red Rock Resorts, Inc.$56,404 $35,676 $101,153 $78,511 
Transfers to noncontrolling interests
Rebalancing of ownership percentage between the Company and noncontrolling interests in Station Holdco (2,702)(4,764)(3,767)(1,895)
Change from net income attributable to Red Rock Resorts, Inc. and net transfers to noncontrolling interests$53,702 $30,912 $97,386 $76,616 
Dividends and Distributions
During the three months ended June 30, 2025 and 2024, the Company declared and paid quarterly cash dividends of $0.25 per share of Class A common stock, which included $2.3 million and $2.1 million, respectively, paid to Fertitta Family Entities. During the six months ended June 30, 2025 and 2024, the Company declared and paid quarterly cash dividends of $0.50 per share of Class A common stock, which included $4.5 million and $4.2 million, respectively, paid to Fertitta Family Entities.
Prior to the quarterly cash dividend payments, during the three and six months ended June 30, 2025 and 2024, Station Holdco paid distributions to noncontrolling interest holders of $11.5 million and $23.0 million, respectively, which included $11.3 million and $22.7 million, respectively, paid to Fertitta Family Entities. During the three months ended June 30, 2025 and 2024, Station Holdco paid tax distributions to noncontrolling interest holders of $26.0 million and $10.9 million, respectively, including $25.6 million and $10.8 million, respectively, paid to Fertitta Family Entities.
On July 29, 2025, the Company announced that it would pay a dividend of $0.25 per share to Class A shareholders of record as of September 15, 2025 to be paid on September 30, 2025, of which $2.3 million is expected to be paid to Fertitta Family Entities. Prior to the payment of the dividend, Station Holdco will make a cash distribution to all LLC Unit holders, including the Company, of $0.25 per LLC Unit, of which $11.3 million is expected to be paid to Fertitta Family Entities.
Special Dividends
In May 2025, the Company declared a special cash dividend of $1.00 per share of Class A common stock to shareholders of record as of May 14, 2025, which was paid on May 21, 2025, and included $9.1 million paid to Fertitta Family Entities. Prior to the payment of the special dividend, Station Holdco made a cash distribution to all LLC Unit holders, including the Company, of $1.00 per unit, of which $45.4 million was paid to Fertitta Family Entities.
In February 2024, the Company declared a special cash dividend of $1.00 per share of Class A common stock to shareholders of record as of February 22, 2024, which was paid on March 4, 2024, and included $8.5 million paid to Fertitta
Family Entities. Prior to the payment of the special dividend, Station Holdco made a cash distribution to all LLC unit holders, including the Company, of $1.00 per unit, of which $45.4 million was paid to Fertitta Family Entities.
Equity Repurchase Program
On May 2, 2024, the Company’s board of directors authorized the extension of the $600 million equity repurchase program for repurchases of Class A common stock through December 31, 2025. During the three and six months ended June 30, 2025, the Company repurchased 671,677 shares of its Class A common stock for an aggregate purchase price of $30.9 million and a weighted average price per share of $45.94 in open market transactions. During the three and six months ended June 30, 2024, the Company repurchased 75,000 shares of its Class A common stock for an aggregate purchase price of $3.9 million and a weighted average price per share of $52.29 in open market transactions. At June 30, 2025, the remaining amount authorized for repurchase under the program was $278.1 million.