United Parks & Resorts Inc.

Other Highlights • The Board of Directors voted to recommend a new $500 million share buyback authorization, subject to approval by non-Hill Path shareholders.

SEC original ↗United Parks & Resorts Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025

I am also happy to announce that our Board has approved a new $500 million share repurchase program, subject to approval by a majority of the non-Hill Path stockholders.

SEC original ↗United Parks & Resorts Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025

With our strong balance sheet and significant free cash flow generation, we are excited to be able to take advantage of what we believe to be a very attractive opportunity to invest in the shares of our own Company via a share repurchase and return capital to our stockholders.

SEC original ↗United Parks & Resorts Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025

Management believes the presentation of Covenant Adjusted EBITDA for the last twelve months is appropriate as it provides additional information to investors about the calculation of, and compliance with, certain financial covenants in the Company’s credit agreement governing its Senior Secured Credit Facilities and the indentures governing its Senior Notes and First-Priority Senior Secured Notes (collectively, the “Debt Agreements”).

SEC original ↗United Parks & Resorts Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025

Free Cash Flow does not represent the residual cash flow available for discretionary expenditures, as it excludes certain expenditures such as mandatory debt service requirements, which are significant.

SEC original ↗United Parks & Resorts Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025

(b) Reflects a loss on early extinguishment of debt and write-off of debt issuance costs and discounts associated with the refinancing transactions in 2024.

SEC original ↗United Parks & Resorts Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025

While headwinds impacted our performance in the first half of the year and took us off the pace we initially set, we are focused on and expect to deliver strong second half financial results.

SEC original ↗United Parks & Resorts Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025

Management believes the presentation of Covenant Adjusted EBITDA for the last twelve months is appropriate as it provides additional information to investors about the calculation of, and compliance with, certain financial covenants in the Company’s credit agreement governing its Senior Secured Credit Facilities and the indentures governing its Senior Notes and First-Priority Senior Secured Notes (collectively, the “Debt Agreements”).

SEC original ↗United Parks & Resorts Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025

These performance metrics are used by management to assess the operating performance of its parks on a per attendee basis and to make strategic operating decisions.

SEC original ↗United Parks & Resorts Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025

All statements, other than statements of historical facts included in this press release, including statements concerning plans, objectives, goals, expectations, beliefs, business strategies, future events, business conditions, results of operations, financial position, business outlook, earnings guidance, business trends and other information are forward-looking statements.

SEC original ↗United Parks & Resorts Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025

There can be no assurance that (i) the Company has correctly measured or identified all of the factors affecting its business or the extent of these factors’ likely impact, (ii) the available information with respect to these factors on which such analysis is based is complete or accurate, (iii) such analysis is correct or (iv) the Company’s strategy, which is based in part on this analysis, will be successful.

SEC original ↗United Parks & Resorts Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025

Despite those headwinds, we saw an increase in international and group visitation compared to the prior year in the second quarter.

SEC original ↗United Parks & Resorts Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025

While headwinds impacted our performance in the first half of the year and took us off the pace we initially set, we are focused on and expect to deliver strong second half financial results.

SEC original ↗United Parks & Resorts Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025

(l) The Debt Agreements permit the Company’s calculation of certain covenants to be based on Covenant Adjusted EBITDA as defined above, for the last twelve-month period further adjusted for certain costs as permitted by the Debt Agreements including recruiting and retention expenses, public company compliance costs and litigation and arbitration costs, if any.

SEC original ↗United Parks & Resorts Inc. — Earnings release (8-K exhibit)EX-99Aug 7, 2025

Legal Proceedings 32 Item 1A.

SEC original ↗United Parks & Resorts Inc. — 10-Q Quarterly report10-QAug 7, 2026

There are a number of risks, uncertainties and other important factors, many of which are beyond our control, that could cause our actual results to differ materially from the forward-looking statements contained in this Quarterly Report on Form 10-Q.

SEC original ↗United Parks & Resorts Inc. — 10-Q Quarterly report10-QAug 7, 2026

Such risks, uncertainties and other important factors that could cause actual results to differ materially include, among others, the risks, uncertainties and factors set forth under Part I, Item 1A.

SEC original ↗United Parks & Resorts Inc. — 10-Q Quarterly report10-QAug 7, 2026