Accel Entertainment Q2 Revenue Reaches $368M as Net Income Surges 72%
ACEL sits 27% above its 52-week low of $9.55.
Summary
Accel Entertainment reported Q2 revenue of $368.1M (+9.6% YoY) and net income of $12.5M (+72.2%), driven by gaming expansion. The company also bought back $17.7M in shares, closed three acquisitions, and hedged interest rate risk.
Key Events · Earnings and Guidance · ACEL
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Q2 Revenue and Earnings Beat
Net revenues rose 9.6% to $368.1M, with net gaming revenue up 10.7% to $347.4M. Net income surged 72.2% to $12.5M, and Adjusted EBITDA grew 10.8% to $58.9M.
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Aggressive Share Repurchases Continue
The company repurchased 1.6M shares for $17.7M in H1 2026, with $145.6M remaining under its $200M authorization. Total buybacks since inception have reached $201.1M.
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Three Acquisitions Closed in Q2
Accel acquired Rice Palace ($6.1M), Green Valley ($5.8M), and Admira ($2.8M), expanding its presence in Louisiana, Nevada, and Illinois.
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Interest Rate Risk Hedged with New Collar
A new interest rate collar (cap 4.00%, floor 2.9215%) replaced expired caplets, generating a $2.2M unrealized gain. The collar matches the term loan's balance and matures in 2029.
Analysis · ACEL · Trade & Services
A strong second quarter saw revenue climb 9.6% to $368.1 million and net income leap 72.2% to $12.5 million, fueled by an expanding footprint of gaming locations and terminals. The company pressed ahead with its buyback program, repurchasing $17.7 million in stock during the first half, and deepened its market presence through three acquisitions. A new interest rate collar provides a hedge against rising rates, while a tax credit purchase will reduce cash taxes. Adding a governance note, the appointment of a new COO with ties to a recent acquisition warrants attention.
At the time of this filing, ACEL was trading at $12.16 on NYSE in the Trade & Services sector, with a market capitalization of approximately $989.7M. The 52-week trading range was $9.55 to $14.00. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.