Red Rock Resorts, Inc.

Balance Sheet Highlights The Company s cash and cash equivalents at June 30, 2025 were $145.2 million and total principal amount of debt outstanding at the end of the second quarter was $3.4 billion.

SEC original ↗Red Rock Resorts, Inc. — Earnings release (8-K exhibit)EX-99Jul 29, 2025

Quarterly Dividend The Company s Board of Directors has declared a cash dividend of $0.25 per Class A common share for the third quarter of 2025.

SEC original ↗Red Rock Resorts, Inc. — Earnings release (8-K exhibit)EX-99Jul 29, 2025

The dividend will be payable on September 30, 2025 to all stockholders of record as of the close of business on September 15, 2025.

SEC original ↗Red Rock Resorts, Inc. — Earnings release (8-K exhibit)EX-99Jul 29, 2025

Prior to the payment of such dividend, Station Holdco LLC ( Station Holdco ) will make a cash distribution to all unit holders of record, including the Company, of $0.25 per unit for a total distribution of approximately $27.6 million, approximately $16.1 million of which is expected to be distributed to the Company and approximately $11.5 million of which is expected to be distributed to the other unit holders of record of Station Holdco.

SEC original ↗Red Rock Resorts, Inc. — Earnings release (8-K exhibit)EX-99Jul 29, 2025

Adjusted EBITDA for the three and six months ended June 30, 2025 and 2024 includes net income plus depreciation and amortization, share-based compensation, write-downs and other, net (including gains and losses on asset disposals, preopening and development, business innovation and technology enhancements and non-routine items), interest expense, net, change in fair value of derivative instruments, loss on extinguishment/modification of debt, gain on Native American development and provision for income tax.

SEC original ↗Red Rock Resorts, Inc. — Earnings release (8-K exhibit)EX-99Jul 29, 2025

$ 56,404 $ 35,676 $ 101,153 $ 78,511 Earnings per common share: Earnings per share of Class A common stock, basic $ 0.96 $ 0.60 $ 1.71 $ 1.33 Earnings per share of Class A common stock, diluted $ 0.95 $ 0.59 $ 1.69 $ 1.29 Weighted-average common shares outstanding: Basic 58,960 59,069 59,081 58,935 Diluted 102,730 60,748 103,060 103,720 Dividends declared per common share $ 1.25 $ 0.25 $ 1.50 $ 1.50 Red Rock Resorts, Inc.

SEC original ↗Red Rock Resorts, Inc. — Earnings release (8-K exhibit)EX-99Jul 29, 2025

To accomplish this objective, the Company uses interest rate contracts as a primary part of its cash flow hedging strategy.

SEC original ↗Red Rock Resorts, Inc. — 10-Q Quarterly report10-QAug 7, 2026

Forward-looking statements involve certain risks and uncertainties, and actual results may differ materially from those discussed in any such statement.

SEC original ↗Red Rock Resorts, Inc. — Earnings release (8-K exhibit)EX-99Jul 29, 2025

Legal Proceedings 36 Item 1A.

SEC original ↗Red Rock Resorts, Inc. — 10-Q Quarterly report10-QAug 7, 2026

As a result of the denial, litigation of this matter has resumed and a first amended complaint was filed by Picayune in December 2022.

SEC original ↗Red Rock Resorts, Inc. — 10-Q Quarterly report10-QAug 7, 2026

Through April 4, 2025, the Company had paid approximately $ 117.1 million of reimbursable advances to the Mono, primarily to complete the environmental impact study, purchase the North Fork Site and pay costs of litigation and certain construction costs.

SEC original ↗Red Rock Resorts, Inc. — 10-Q Quarterly report10-QAug 7, 2026