Welcome to our dedicated page for Penn Ent SEC filings (Ticker: PENN), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The PENN Entertainment, Inc. (Nasdaq: PENN) SEC filings page on Stock Titan provides access to the company’s regulatory disclosures as filed with the U.S. Securities and Exchange Commission. As a Pennsylvania corporation and public registrant, PENN reports under Commission File Number 0-24206 and uses SEC filings to communicate material events, financial results, governance actions, and shareholder matters.
For PENN’s diversified gaming and entertainment business, Form 10-K annual reports and Form 10-Q quarterly reports are central references. These filings detail performance across the Northeast, South, West, Midwest, and Interactive segments, describe properties such as regional casinos and racetracks, and explain non-GAAP measures like Adjusted EBITDA and Adjusted EBITDAR with reconciliations from net income or loss.
Form 8-K current reports are particularly important for tracking PENN’s material developments. Recent 8-Ks have addressed quarterly earnings releases, the mutual early termination of the sportsbook agreement with ESPN and related investment agreement amendments, share repurchase authorizations, annual meeting voting results, and the report of a special litigation committee reviewing shareholder derivative claims. These filings provide timely insight into strategic shifts, capital allocation decisions, and governance processes.
Investors may also review proxy materials and other shareholder meeting filings to understand director elections, advisory votes on executive compensation, incentive plan amendments, and shareholder proposals. Together, these documents outline how PENN’s Board and shareholders shape the company’s governance framework.
On Stock Titan, PENN’s filings are updated as they are posted to EDGAR. AI-powered summaries help explain the key points of lengthy documents, highlight changes in agreements such as the ESPN investment amendment, and clarify the implications of complex disclosures. Users can quickly scan for items related to digital strategy, lease arrangements, litigation updates, or share repurchase programs, and then drill into the full filings for detailed analysis.
Penn Entertainment Inc ownership disclosure: Vanguard Capital Management reports beneficial ownership of 6,992,425 shares of Common Stock, representing 5.23% of the class as of 03/31/2026. The filing lists 965,427 shares with sole voting power and 6,992,425 shares with sole dispositive power, held on behalf of Vanguard-managed funds and accounts.
PENN Entertainment reported Q1 2026 revenue of $1.78 billion, up from $1.67 billion a year earlier, driven by growth across its Northeast, Midwest and Interactive segments. Operating income more than doubled to $97.1 million from $42.8 million.
Despite higher operating profit, PENN posted a small net loss of $2.8 million, compared with net income of $111.5 million in Q1 2025, mainly because last year included a one-time $215.1 million gain on a financing arrangement and higher interest and tax expense. Segment Adjusted EBITDAR rose to $460.6 million from $368.0 million, with the Interactive segment improving from a $(89.0) million loss to $(10.8) million, helped by sharply lower advertising costs.
Cash from operations increased to $122.4 million from $41.9 million, and cash and cash equivalents ended the quarter at $708.0 million. Long-term debt (net of discounts and current maturities) was $2.89 billion, and the company issued $600.0 million of 6.75% senior unsecured notes due 2031, using the proceeds to repay revolving credit borrowings.
Penn Entertainment Inc ownership filing: Vanguard Portfolio Management reports holding 8,515,741 shares of Penn Entertainment common stock, representing 6.37% of the class as of 03/31/2026. Vanguard reports sole dispositive power over 8,515,741 shares and sole voting power for 146,770 shares.
The filing states these holdings include securities held for Vanguard funds and managed accounts over which Vanguard Portfolio Management LLC or affiliates exercise dispositive or voting power. The disclosure is signed by Ashley Grim as Head of Global Fund Administration on 04/29/2026.
PENN Entertainment’s 2026 proxy outlines major board, strategy and compensation changes alongside plans for its virtual annual meeting on June 16, 2026. Shareholders will vote on electing four Class III directors, ratifying the auditor, approving executive pay, amending the 2022 long‑term incentive plan and a shareholder proposal to declassify the board, which the board recommends against. The company highlights significant board refreshment with five new independent directors since the 2025 meeting, plus three additional directors added in 2026, including three nominated under a cooperation agreement with HG Vora. Strategy updates include refocusing digital around theScore Bet and Hollywood iCasino, strong early profitability in Interactive, and successful retail projects at Hollywood Casino Joliet and M Resort. PENN emphasizes disciplined capital allocation, citing $354 million of share repurchases in 2025 and $1.1 billion since 2022, and expects over $10 million in annual run‑rate overhead savings, lower maintenance capital and large segment‑adjusted EBITDA improvement in 2026. Executive pay is described as mostly at risk, with 2025 short‑term and long‑term incentive payout percentages below target and meaningful reductions and redesigns to the CEO’s 2026 equity opportunity in response to shareholder feedback.
PENN Entertainment, Inc. filed a Form S-3 shelf registration dated April 24, 2026 to register common stock, preferred stock, depositary shares and debt securities for offer and sale from time to time. The prospectus permits offerings either by the company or by future selling securityholders and states specific terms will be provided in prospectus supplements.
The company discloses it operates in 27 jurisdictions, has a PENN Play™ loyalty program with over 33 million members, and that its common stock trades on the Nasdaq Global Select Market under the symbol PENN. Use of proceeds and final terms will be set forth in supplements to this prospectus.
PENN Entertainment, Inc. reported higher first quarter 2026 revenue of $1,779.1 million, up from $1,672.5 million a year earlier, driven by both retail and interactive operations. Consolidated Adjusted EBITDA rose to $265.8 million from $173.3 million, reflecting stronger operating performance.
The company posted a small net loss of $2.8 million, compared with net income of $111.5 million in the prior-year quarter, largely due to a prior-period gain on a financing arrangement. Adjusted EPS improved to $0.11 from a loss of $0.25, and the Interactive segment significantly narrowed its Adjusted EBITDA loss to $10.8 million from $89.0 million.
Retail segment revenues were $1.4 billion with Segment Adjusted EBITDAR of $471.4 million and margins of 33.2%. Liquidity totaled $1.7 billion as of March 31, 2026, including $708.0 million in cash, while traditional net debt stood at $2.24 billion and the lease-adjusted net leverage ratio improved to 6.4x from 6.8x.
PENN Entertainment, Inc. amended its Second Amended and Restated Credit Agreement to refinance and extend its $1.0 billion revolving credit facility and $446.9 million term loan A facility, together called the 2026 Facilities.
The 2026 Facilities now mature in April 2031, with an earlier springing maturity 91 days before certain existing debt if that debt is still outstanding and not refinanced, unless specified liquidity conditions are met. Interest margins remain the same, but a 0.10% credit spread adjustment on SOFR borrowings was removed.
The company’s existing term loan B facility was not refinanced and its maturity is unchanged. Proceeds from the 2026 Facilities refinanced the prior revolving credit and term loan A facilities and will also support future working capital and general corporate purposes.
Penn Entertainment Inc Schedule 13G/A amendment shows no beneficial ownership by The Vanguard Group for Penn Entertainment common stock: 0 shares representing 0% of the class. The filing explains an internal realignment announced January 12, 2026 whereby certain Vanguard subsidiaries now report holdings separately in reliance on SEC Release No. 34-39538.
PENN Entertainment, Inc. closed a private offering of $600 million aggregate principal amount of 6.750% senior notes due 2031, issued at par. The company plans to use the proceeds to repay borrowings under its revolving credit facility and for general corporate purposes.
The notes bear 6.750% interest, payable semi-annually starting October 1, 2026, and mature on April 1, 2031. PENN can redeem them before April 1, 2028 at a make-whole price, or use equity offering proceeds to redeem portions at 106.750% if at least 60% of the original principal remains outstanding. After April 1, 2028, they are callable at specified prices. If a Change of Control Triggering Event occurs, holders can require repurchase at 101% of principal plus accrued interest.
The notes are unsecured, unsubordinated obligations of PENN, effectively subordinated to secured debt and structurally subordinated to subsidiary liabilities. The indenture includes covenants restricting additional debt, certain payments, liens, affiliate transactions, mergers, asset sales and other actions, with some covenants falling away if the notes achieve investment-grade ratings.