Q1 26 EPS
$0.45
BEAT +462.50%
Est. $0.08
Q1 26 Revenue
$622.0M
BEAT +2.40%
Est. $607.4M
vs S&P Since Q1 26
+22.9%
BEATING MARKET
PK +30.2% vs S&P +7.3%
Market Reaction
Did PK Beat Earnings? Q1 2026 Results
Park Hotels & Resorts delivered a emphatic earnings beat in the first quarter of 2026, posting adjusted EPS of $0.45 against a consensus estimate of just $0.08, a 462.50% beat that marked the company's fourth consecutive quarter of exceeding Wall Str… Read more Park Hotels & Resorts delivered a emphatic earnings beat in the first quarter of 2026, posting adjusted EPS of $0.45 against a consensus estimate of just $0.08, a 462.50% beat that marked the company's fourth consecutive quarter of exceeding Wall Street's EPS expectations. Revenue came in at $622.00 million, ahead of the $607.40 million consensus by 2.40%, though it edged down 1.3% year-over-year as the ongoing Royal Palm South Beach Miami renovation weighed on top-line comparisons. The most meaningful driver of the profit swing was a dramatic reduction in impairment charges, from $70.00 million a year ago to just $5.00 million, combined with the elimination of $16.00 million in interest expense tied to the now-resolved San Francisco hotels receivership, helping net income reach $12.00 million versus a net loss of $57.00 million in Q1 2025. Operationally, strength at the Bonnet Creek complex in Orlando, where combined RevPAR rose approximately 16%, anchored the resort portfolio. Looking ahead, Park lifted its full-year Adjusted EBITDA guidance to $587.00 million-$617.00 million, though management flagged that potential tariff impacts and shifts in international travel patterns remain outside the forecast.
Key Takeaways
- • Bonnet Creek complex RevPAR increased approximately 16% with group revenues up nearly 19% following transformative renovation
- • Resort hotels drove portfolio performance with strong group and transient demand
- • JW Marriott San Francisco Union Square RevPAR increased over 27% with group and transient revenues each up approximately 25%
- • Caribe Hilton benefited from nearly 95% increase in group revenues driving 12% RevPAR growth
- • Key West properties combined RevPAR increased approximately 9% on strong transient demand
- • Hilton Santa Barbara Beachfront Resort RevPAR increased nearly 23%
- • Hotel operating expenses limited to approximately 2.5% growth, within the lower end of full-year range
- • Royal Palm suspension impacted Core RevPAR by over 390 basis points
- • Super Bowl comp at Hilton New Orleans Riverside impacted Core RevPAR by nearly 170 basis points
- • Severe storms at Hilton Hawaiian Village impacted combined Hawaii RevPAR by 340 basis points
PK YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
PK Revenue by Segment
With YoY comparisons, source: SEC Filings
“I am very pleased with our first quarter results, with Core RevPAR increasing over 5% year-over-year excluding the Royal Palm, driven by continued strength at our resort hotels. At the Bonnet Creek complex in Orlando, combined RevPAR increased approximately 16% as group revenues increased nearly 19%, further demonstrating the continued benefits from our transformative renovation and meeting space expansion.”
— Thomas J. Baltimore Jr., Q1 2026 Earnings Press Release
PK Earnings Trends
PK vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
PK EPS Trend
Earnings per share: estimate vs actual
PK Revenue Trend
Quarterly revenue: estimate vs actual
PK Quarterly Results
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 | $0.22 | — | — | — | — |
| Q1 26 BEAT | $0.08 | $0.45 | +462.50% | $622.0M | +2.40% |
| Q4 25 BEAT FY | $0.10 | $0.51 | +427.40% | $629.0M | +1.08% |
| FY Full Year | $0.55 | $1.97 | +258.18% | $2.54B | +0.15% |
| Q3 25 BEAT | $0.04 | $0.35 | +708.31% | $610.0M | +0.05% |
| Q2 25 BEAT | $0.25 | $0.64 | +156.00% | $672.0M | +0.45% |
| Q1 25 BEAT | $0.11 | $0.46 | +318.18% | $630.0M | +2.28% |