Park Hotels & Resorts Inc. Reports Second Quarter 2022 Results
Park Hotels & Resorts Inc. (PK)
Last park hotels & resorts inc. earnings: 2/26 04:15 pm
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pkhotelsandresorts.com
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Source: GlobeNewswire
TYSONS, Va., Aug. 03, 2022 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE: PK) today announced results for the second quarter ended June 30, 2022 and provided an operational update. Second quarter financial highlights include: Pro-forma RevPAR was $173.03, an increase of $94.29, or 119.7%, from the same period in 2021 and a decrease of 10.2% from the same period in 2019;Pro-forma occupancy was 71.0%, an increase of 19.4 percentage points from the first quarter of 2022 and a decrease of 14.6 percentage points from the same period in 2019;Net income and net income attributable to stockholders were $154 million and $150 million, respectively;Adjusted EBITDA was $207 million, an increase of $125 million, or 153.1%, compared to the first quarter of 2022;Pro-forma Hotel Adjusted EBITDA was $207 million, an improvement of $119 million, or 134.2%, compared to the first quarter of 2022;Adjusted FFO attributable to stockholders was $139 million, an improvemen
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News
- Park Hotels & Resorts Inc. (NYSE: PK) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Park Hotels & Resorts Announces 2024 ENERGY STAR® Partner of the Year Award [Yahoo! Finance]Yahoo! Finance
- Park Hotels & Resorts Announces 2024 ENERGY STAR® Partner of the Year AwardGlobeNewswire
- Park Hotels & Resorts Inc. (NYSE: PK) was upgraded by analysts at Citigroup Inc. from a "neutral" rating to a "buy" rating. They now have a $20.00 price target on the stock, up previously from $14.00.MarketBeat
- Park Hotels & Resorts Inc. (NYSE: PK) had its price target raised by analysts at Wells Fargo & Company from $17.00 to $18.00. They now have an "equal weight" rating on the stock.MarketBeat
PK
Earnings
- 2/27/24 - Beat
PK
Sec Filings
- 3/26/24 - Form 4
- 3/26/24 - Form 4
- 3/26/24 - Form 4
- PK's page on the SEC website