Parks! America Q3 Revenue Flat at $3.5M, Net Income Dips 10%; Refinances Texas Park Loan
PRKA sits 30% above its 52-week low of $30.01.
Summary
Parks! America's Q3 2026 revenue was flat at $3.5M, with net income down 10% to $743K. Missouri Park surged 27%, but Texas Park fell 19%. The company refinanced its Texas Park loan, reducing principal and locking in a fixed rate, and continued share buybacks.
Key Events · Earnings and Guidance · PRKA
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Q3 Revenue Flat, Net Income Down 10%
Total revenue of $3.50 million was essentially flat (+0.7%) vs. Q3 2025, while net income fell 10% to $742,756 ($0.99 EPS). Year-to-date net income of $736,240 ($0.98 EPS) was down 4.3%.
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Missouri Park Surges, Texas Park Slumps
Missouri Park revenue jumped 27.1% to $833,857 on higher attendance and new animal encounters. Texas Park revenue fell 19.2% to $615,121 after reducing operating days from seven to five per week and changing marketing mix.
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Texas Park Loan Refinanced at Lower Cost
On June 17, 2026, the company refinanced its Texas Park term loan with Cendera Bank, reducing the principal to $2.33 million, extending maturity to 2033, and lowering monthly payments to $16,561. An interest rate swap locked in a fixed 6.99% rate, and the $2.5 million cash collateral reserve was removed.
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Share Buybacks Continue
The company repurchased 3,868 shares for $151,989 during the 39 weeks ended June 28, 2026, under its 2025 Share Repurchase Program. 71,132 shares remain available for repurchase.
Analysis · PRKA · Trade & Services
Parks! America reported Q3 2026 revenue of $3.5 million, essentially flat year-over-year, while net income fell 10% to $742,756. The Missouri Park delivered a standout 27% revenue jump, but Texas Park revenue dropped 19% after cutting operating days. More importantly, the company refinanced its Texas Park term loan on June 17, reducing the principal to $2.33 million, extending maturity to 2033, and locking in a fixed 6.99% rate via an interest rate swap — lowering monthly payments and removing a $2.5 million cash collateral requirement. The company also repurchased $152,000 of stock under its buyback program. The refinancing strengthens the balance sheet, but the Texas Park weakness and flat overall top line warrant attention.
At the time of this filing, PRKA was trading at $39.11 on OTC in the Trade & Services sector, with a market capitalization of approximately $29.4M. The 52-week trading range was $30.01 to $4,800.00. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.