Six Flags Guides Q4 EBITDA Down to $140-150M After Soft October
FUN sits 20% above its 52-week low of $6.6 on elevated volume (2.6× avg).
Summary
Six Flags reported Q3 2026 results with same-park net revenues up 1.4% to $1.17 billion and same-park Adjusted EBITDA up 1.1% to $493.2 million on attendance of 18.2 million guests, but the headline number is the Q4 guide: same-park Adjusted EBITDA of $140-150 million versus $167 million last year, a comparison that includes 8 parks the company no longer operates in 2026. Management blamed a soft October on bad weather across key weekends and the fallout from the fatal Georgia coaster incident, which triggered proactive ride closures; the company is cooperating fully with the ongoing investigation and has launched a comprehensive review of ride safety across its entire portfolio, supported by independent third-party engineering and inspection specialists. In the quarter, higher season pass and membership visitation was offset by lower single-day visitation and fewer complimentary tickets, while July 4 falling on a Saturday rather than a Friday and wildfire-related air quality disruptions affected certain parks. The quarter carried a $366.1 million net loss, or $3.59 per diluted share, driven by $687.7 million of non-cash impairment charges. The company cut 2026 capex to $350-375 million from $400-425 million, citing timing of new ride projects rather than maintenance, and ended the quarter with $1.06 billion of liquidity against $4.91 billion of total debt. This lands on top of an already rough stretch: a fatal accident in October, shares at all-time lows, and Jana Partners pushing for a sale. The 8 a.m. ET call will be the venue for questions on the safety review and any sale process.
At the time of this announcement, FUN was trading at $7.90 on NYSE in the Trade & Services sector, with a market capitalization of approximately $811.4M. The 52-week trading range was $6.60 to $26.28. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: BusinessWire.