10-Q · May 1, 2026
Park Hotels & Resorts reported robust Q1 2026 results, achieving a significant earnings recovery with diluted EPS of $0.45, up from a loss of $0.29 in Q1 2025. Revenue also improved to $622 million, exceeding estimates…
Earnings analysis · 10-Q
PK earnings analysis
Filed August 7, 2026 · Our reading of the company's report
The latest report
Park Hotels & Resorts reported second-quarter revenue of $680 million and diluted EPS of $0.70, improving from $622 million and $0.05, respectively, in the prior quarter. The supplied filing excerpt does not include…
Read full summary
Park Hotels & Resorts reported second-quarter revenue of $680 million and diluted EPS of $0.70, improving from $622 million and $0.05, respectively, in the prior quarter. The supplied filing excerpt does not include current-quarter gross margin, operating margin, free cash flow, segment results or quantitative guidance, limiting the completeness of the operating assessment. Controls were effective as of June 30, 2026, while interest-rate exposure and litigation remain ongoing risks; management reported no material changes to the risk factors in the 2025 Form 10-K.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.7
What stood out
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Revenue and EPS improved sequentially
Second-quarter revenue was $680 million and diluted EPS was $0.70, versus $622 million of revenue and $0.05 EPS in the prior quarter, indicating sequential improvement. The filing excerpt does not provide current-quarter margin or cash-flow figures.
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Disclosure controls remained effective
Management stated that disclosure controls and procedures were effective as of June 30, 2026, supporting the reliability of the company’s reporting processes.
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Significant repurchase capacity remains
The company retained approximately $275 million of capacity under its stock repurchase authorization as of June 30, 2026, providing continued capital-allocation flexibility.
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Repurchase authorization extends into 2027
The company’s board had authorized a $300 million stock repurchase program on February 14, 2025, with an expiration date of February 19, 2027.
What to watch
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Repurchase activity was limited
The company reported 227,246 shares purchased during the six months ended June 30, 2026, although these were employee shares surrendered for taxes rather than purchases under the publicly announced program. Capital allocation and potential future repurchases remain relevant to liquidity.
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Interest-rate exposure persists
The company remains exposed primarily to changes in interest rates that may affect future income, cash flows and fair value. The filing states there were no material changes from the market-risk disclosures in the 2025 Form 10-K.
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Litigation outcomes remain uncertain
The company is involved in claims and lawsuits, including tort, employee and consumer-protection matters, and states that some claims involve substantial sums. Although management believes reserves are adequate and outcomes are not currently expected to materially affect consolidated liquidity, an unfavorable resolution could materially affect a future period.
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No material risk-factor updates
The filing states there were no material changes to the risk factors previously disclosed in the 2025 Form 10-K; therefore, no new material risk-factor change was identified in the supplied filing excerpt.
Management's outlook
The provided 10-Q excerpt does not include quantitative revenue or EPS guidance. No updated outlook is disclosed in the supplied MD&A text.
Earlier filings 4
10-K · February 20, 2026
Park Hotels & Resorts positions itself as a pure‑play lodging REIT focused on a 21‑hotel Core portfolio and active asset management, while divesting a 12‑hotel Non‑Core portfolio. The company strengthened liquidity in…
10-K · February 20, 2025
Park Hotels & Resorts presents a concentrated, U.S.-focused portfolio of 40 premium-branded hotels (~25,000 rooms) with ~87% of rooms in the luxury and upper-upscale tiers and a stated strategy of active asset…
10-Q · October 30, 2024
Park Hotels & Resorts reported Q3 revenue of $649 million (down $30 million, -4.4% vs. Q3 2023) and operating income of $95 million (up $10 million vs. $85 million in Q3 2023). The company produced net income of $57…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.