United Parks & Resorts Announces $500M Share Repurchase Authorization.

United Parks & Resorts Inc. has announced a $500 million share repurchase authorization approved by its stockholders. The company believes this is an attractive opportunity to invest in its own shares and return capital to its stockholders, given its strong balance sheet and significant free cash flow generation.

Orlando, Fla., September 2, 2025 /PRNewswire/ -- United Parks & Resorts Inc. (NYSE: PRKS), a leading theme park and entertainment company, has announced that its stockholders have approved a $500 million share repurchase authorization. The company believes this move is an attractive opportunity to invest in its own shares and return capital to its stockholders, given its strong balance sheet and significant free cash flow generation [1].

Marc Swanson, Chief Executive Officer of United Parks & Resorts Inc., stated, "We thank our stockholders for their vote on this important matter. 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" [1].

The share repurchase program, approved on September 3, 2025, allows the company to repurchase shares through open market purchases, privately-negotiated transactions, or other methods in accordance with applicable federal securities laws. The program has no time limit and may be suspended or discontinued at any time [1].

United Parks & Resorts Inc. operates a diverse portfolio of award-winning park brands and experiences, including SeaWorld®, Busch Gardens®, Discovery Cove, Sesame Place®, Water Country USA, Adventure Island, and Aquatica®. The company's seven world-class brands span 13 parks in seven markets across the United States and Abu Dhabi, offering experiences that matter with exhilarating thrill and family-friendly rides, coasters, and experiences, inspiring up-close and educational presentations with wildlife, and various special events throughout the year [1].

The share repurchase program is subject to certain conditions, including a restriction that the company will not repurchase additional shares if Hill Path's common stock ownership interest percentage would, as a result of any such repurchase, equal or exceed 70%. The program required approval by the holders of a majority of the shares of the Company's common stock outstanding and entitled to vote as of the record date, other than shares beneficially owned by Hill Path and its affiliates [1].

Forward-looking statements in the press release indicate that the company's strong financial position and significant free cash flow generation make the share repurchase program an attractive opportunity. However, the company acknowledges the risks and uncertainties associated with its business, including factors such as weather conditions, labor shortages, inflationary pressures, supply chain delays, and public health events, which could impact attendance and guest spending at its theme parks [1].

References:
[1] United Parks & Resorts Inc. Press Release, September 5, 2025. Retrieved from https://www.marketscreener.com/news/united-parks-resorts-inc-announces-a-500-million-share-repurchase-authorization-ce7d59d9da8bf12c