NYSE$PK
Park Hotels & Resorts Inc · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Park Hotels & Resorts Inc. reported second quarter 2022 results.
Park Hotels & Resorts Inc. announced results for the second quarter ended June 30, 2022. Pro-forma RevPAR was $173.03, an increase of 119.7% from the same period in 2021 and a decrease of 10.2% from the same period in 2019. Net income attributable to stockholders was $150 million and Adjusted EBITDA was $207 million.
- Pro-forma RevPAR was $173.03, an increase of 119.7% from the same period in 2021.
- Net income and net income attributable to stockholders were $154 million and $150 million, respectively.
- Adjusted EBITDA was $207 million, an increase of 153.1%, compared to the first quarter of 2022.
- Reopened the sole remaining suspended hotel, the 1,024-room Parc 55 San Francisco – a Hilton Hotel, on May 19, 2022.
Headline financials
Revenue & EPS history
Park Hotels · Revenue · Quarterly
$695M
Revenue by segment
Park Hotels · $676M total across 3 segments · Q2 2022
- Rooms$433M+109.2%64.1%
- Food & Beverage$173M+220.4%25.6%
- Ancillary Hotel$70M+40.0%10.4%
Forward guidance
Expectations for third quarter 2022 operating results are as follows: RevPAR between $171 and $174, Net income attributable to stockholders between $0 and $20 million, Adjusted EBITDA between $145 and $165 million and Adjusted FFO per share – Diluted between $0.34 and $0.43.
Tailwinds
- Fully diluted weighted average shares are expected to be 224 million
- RevPAR between $171 and $174
- Net income between $6 and $26 million
- Adjusted EBITDA between $145 and $165 million
- Adjusted FFO per share – Diluted between $0.34 and $0.43
Headwinds
- uncertainty surrounding any new disruptions from the COVID-19 pandemic
- macro-economic factors, including inflation
- increases in interest rates
- supply chain disruptions
- the possibility of an economic recession or slowdown in 2022
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2022
-1.5%
Avg return
Earnings day
+0.1%
Avg return
5 days after
+1.8%
Avg return
30 days after
37%
15 / 41 earnings
Positive
+11.8%
Q3 2023
Best reaction
-16.4%
Q1 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -2.6% | +0.3% | +7.1% | |
| Q4 2025 | -1.3% | -1.4% | -10.1% | |
| Q3 2025 | -4.8% | -6.0% | +0.8% | |
| Q1 2025 | -1.2% | +1.2% | -1.9% | |
| Q4 2024 | -0.5% | -5.7% | -14.7% | |
| Q3 2024 | +0.7% | -0.9% | +11.5% | |
| Q2 2024 | -2.5% | -9.8% | +1.0% | |
| Q1 2024 | -4.2% | -3.5% | -6.7% | |
| Q4 2023 | +6.0% | +9.4% | +9.8% | |
| Q3 2023 | +11.8% | +16.7% | +29.6% | |
| Q2 2023 | -5.3% | -1.8% | -5.2% | |
| Q1 2023 | +1.9% | +7.4% | +7.4% | |
| Q4 2022 | +3.3% | +3.9% | -16.6% | |
| Q3 2022 | -9.0% | -9.4% | -4.1% | |
| Q2 2022 | -1.0% | -0.5% | -8.3% | |
| Q1 2022 | -1.1% | -2.1% | -5.6% | |
| Q4 2021 | -4.1% | -7.2% | -5.8% | |
| Q3 2021 | +0.7% | +6.7% | -14.2% | |
| Q2 2021 | +7.7% | +6.9% | +7.2% | |
| Q1 2021 | +1.2% | -1.5% | -7.1% | |
| Q4 2020 | -3.1% | -7.1% | -2.6% | |
| Q3 2020 | -1.7% | +37.2% | +73.1% | |
| Q2 2020 | -3.7% | +13.6% | +22.1% | |
| Q1 2020 | -16.4% | -16.2% | +46.8% | |
| Q4 2019 | -9.0% | -9.3% | -57.7% | |
| Q3 2019 | -3.5% | -6.5% | +0.9% | |
| Q2 2019 | -5.0% | -9.5% | -12.3% | |
| Q1 2019 | -5.4% | -6.8% | -16.8% | |
| Q4 2018 | -0.4% | +1.3% | -0.9% | |
| Q3 2018 | +1.2% | +2.0% | +6.0% | |
| Q2 2018 | +4.2% | +3.7% | +6.9% | |
| Q1 2018 | +2.6% | +4.3% | +13.5% | |
| Q4 2017 | -6.0% | +0.6% | +4.0% | |
| Q4 2015 | -6.0% | +0.6% | +4.0% | |
| Q3 2016 | +0.7% | +0.8% | -0.8% | |
| Q3 2017 | +0.5% | +1.1% | -0.4% | |
| Q2 2016 | -0.7% | -1.4% | +1.0% | |
| Q2 2017 | -3.9% | -1.5% | -0.7% | |
| Q4 2016 | +0.2% | -1.8% | +4.4% | |
| Q1 2016 | +0.2% | -1.8% | +4.4% | |
| Q1 2017 | -0.6% | -3.4% | +4.1% | |
| Q3 2015 | — | — | — | |
| Q2 2015 | — | — | — | |
| Q1 2015 | — | — | — |
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