PENN Entertainment Files Q3 2024 10-Q

Ticker: PENN · Form: 10-Q · Filed: 2024-11-07T00:00:00.000Z

Sentiment: neutral

Topics: 10-Q, earnings, financials

TL;DR

**PENN Ent. Q3 10-Q filed. Financials and ops details out.**

AI Summary

PENN Entertainment, Inc. filed its 10-Q for the period ending September 30, 2024. The filing details financial performance and operational updates for the third quarter. Key financial data and disclosures relevant to investors are presented, reflecting the company's ongoing business activities and strategic positioning in the gaming and entertainment sector.

Why It Matters

This filing provides crucial insights into PENN Entertainment's financial health and operational performance during the third quarter of 2024, impacting investor decisions and market perception.

Risk Assessment

Risk Level: medium — 10-Q filings inherently carry medium risk due to the detailed financial and operational information that can significantly influence stock price.

Key Players & Entities

FAQ

What is the reporting period for this 10-Q filing?

The reporting period for this 10-Q filing is the quarter ended September 30, 2024.

When was this 10-Q filed with the SEC?

This 10-Q was filed on November 7, 2024.

What was PENN Entertainment's former company name?

PENN Entertainment's former company name was PENN NATIONAL GAMING INC.

What is PENN Entertainment's state of incorporation?

PENN Entertainment, Inc. is incorporated in Pennsylvania (PA).

What is the SIC code listed for PENN Entertainment?

The Standard Industrial Classification (SIC) code listed for PENN Entertainment is 7011 (HOTELS & MOTELS).

From the Filing

0000921738-24-000038.txt : 20241107 0000921738-24-000038.hdr.sgml : 20241107 20241107161555 ACCESSION NUMBER: 0000921738-24-000038 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 101 CONFORMED PERIOD OF REPORT: 20240930 FILED AS OF DATE: 20241107 DATE AS OF CHANGE: 20241107 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PENN Entertainment, Inc. CENTRAL INDEX KEY: 0000921738 STANDARD INDUSTRIAL CLASSIFICATION: HOTELS & MOTELS [7011] ORGANIZATION NAME: 05 Real Estate & Construction IRS NUMBER: 232234473 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 000-24206 FILM NUMBER: 241435985 BUSINESS ADDRESS: STREET 1: 825 BERKSHIRE BLVD STE 200 STREET 2: WYOMISSING PROFESSIONAL CENTER CITY: WYOMISSING STATE: PA ZIP: 19610 BUSINESS PHONE: 6103732400 MAIL ADDRESS: STREET 1: 825 BERKSHIRE BLVD STREET 2: SUITE 200 CITY: WYOMISSING STATE: PA ZIP: 19610 FORMER COMPANY: FORMER CONFORMED NAME: PENN NATIONAL GAMING INC DATE OF NAME CHANGE: 19940415 10-Q 1 penn-20240930.htm 10-Q penn-20240930 0000921738 --12-31 2024 Q3 FALSE P1Y 0.001 xbrli:shares iso4217:USD iso4217:USD xbrli:shares penn:property penn:state penn:jurisdiction penn:member penn:segment xbrli:pure penn:covenant penn:day penn:facility penn:term penn:period penn:option penn:tranche penn:performance_period penn:anniversary penn:payment 0000921738 2024-01-01 2024-09-30 0000921738 2024-11-01 0000921738 2024-09-30 0000921738 2023-12-31 0000921738 us-gaap:SeriesBPreferredStockMember 2023-12-31 0000921738 us-gaap:SeriesBPreferredStockMember 2024-09-30 0000921738 us-gaap:SeriesCPreferredStockMember 2023-12-31 0000921738 us-gaap:SeriesCPreferredStockMember 2024-09-30 0000921738 us-gaap:SeriesDPreferredStockMember 2024-09-30 0000921738 us-gaap:SeriesDPreferredStockMember 2023-12-31 0000921738 penn:CommonStockNonExchangeableMember 2024-09-30 0000921738 penn:CommonStockNonExchangeableMember 2023-12-31 0000921738 penn:CommonStockExchangeableMember 2023-12-31 0000921738 penn:CommonStockExchangeableMember 2024-09-30 0000921738 us-gaap:CasinoMember 2024-07-01 2024-09-30 0000921738 us-gaap:CasinoMember 2023-07-01 2023-09-30 0000921738 us-gaap:CasinoMember 2024-01-01 2024-09-30 0000921738 us-gaap:CasinoMember 2023-01-01 2023-09-30 0000921738 penn:FoodBeverageHotelAndOtherMember 2024-07-01 2024-09-30 0000921738 penn:FoodBeverageHotelAndOtherMember 2023-07-01 2023-09-30 0000921738 penn:FoodBeverageHotelAndOtherMember 2024-01-01 2024-09-30 0000921738 penn:FoodBeverageHotelAndOtherMember 2023-01-01 2023-09-30 0000921738 2024-07-01 2024-09-30 0000921738 2023-07-01 2023-09-30 0000921738 2023-01-01 2023-09-30 0000921738 us-gaap:PreferredStockMember 2024-06-30 0000921738 us-gaap:CommonStockMember penn:CommonStockNonExchangeableMember 2024-06-30 0000921738 us-gaap:CommonStockMember penn:CommonStockExchangeableMember 2024-06-30 0000921738 us-gaap:TreasuryStockCommonMember 2024-06-30 0000921738 us-gaap:AdditionalPaidInCapitalMember 2024-06-30 0000921738 us-gaap:RetainedEarningsMember 2024-06-30 0000921738 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-06-30 0000921738 us-gaap:ParentMember 2024-06-30 0000921738 us-gaap:NoncontrollingInterestMember 2024-06-30 0000921738 2024-06-30 0000921738 us-gaap:CommonStockMember penn:CommonStockNonExchangeableMember 2024-07-01 2024-09-30 0000921738 us-gaap:AdditionalPaidInCapitalMember 2024-07-01 2024-09-30 0000921738 us-gaap:ParentMember 2024-07-01 2024-09-30 0000921738 us-gaap:CommonStockMember penn:CommonStockExchangeableMember 2024-07-01 2024-09-30 0000921738 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-07-01 2024-09-30 0000921738 us-gaap:RetainedEarningsMember 2024-07-01 2024-09-30 0000921738 us-gaap:NoncontrollingInterestMember 2024-07-01 2024-09-30 0000921738 us-gaap:PreferredStockMember 2024-09-30 0000921738 us-gaap:CommonStockMember penn:CommonStockNonExchangeableMember 2024-09-30 0000921738 us-gaap:CommonStockMember penn:CommonStockExchangeableMember 2024-09-30 0000921738 us-ga

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