Major Portfolio Streamlining Announcement (Today – March 5, 2026)
Six Flags Entertainment Corporation has entered into definitive agreements to sell seven of its parks to EPR Properties for approximately $331 million in cash (subject to adjustments).
This is part of a strategy to optimize their portfolio, reduce debt, sharpen focus on core parks, and strengthen financial position post the Cedar Fair merger.
The parks being sold include:
- Michigan’s Adventure (Muskegon, MI)
- Schlitterbahn Waterpark Galveston (Galveston, TX)
- Six Flags Great Escape (Queensbury, NY)
- Six Flags La Ronde (Montreal, QC)
- Six Flags St. Louis (Eureka, MO)
- Valleyfair (Minneapolis area, MN)
- Worlds of Fun (Kansas City, MO)
Key details:
- These parks will continue normal operations through the 2026 season.
- All 2026 season passes and active memberships will be honored at these locations.
- The transaction is expected to help with deleveraging (paying down debt), with net proceeds slightly beneficial to the company's leverage ratio after taxes and expenses.
- The parks generated about $260 million in net revenue and $45 million in Adjusted EBITDA in 2025, with roughly 4.5 million guests annually.
This move follows ongoing post-merger adjustments (Cedar Fair + Six Flags combined in 2024, operating as Six Flags Entertainment with ticker FUN).
Earlier reports and discussions noted priorities around potential closures/sales to address financial pressures.
Other Recent Highlights
- Six Flags Over Texas kicked off its 65th anniversary season with major updates, including the new record-breaking Giga Dive coaster Tormenta: Rampaging Run (tallest, fastest, longest of its kind).
- Schlitterbahn New Braunfels announced Wasserbahn Racers, a new high-speed mat racing slide for 2026.
- Gold Pass and membership benefits were upgraded earlier this year, with new perks and limited-time free upgrades at select parks this spring.
- Broader context includes past challenges like declining attendance and revenue pressures in 2025 (e.g., Q4/full-year results released in February 2026), leading to this divestiture strategy.
For official details, check the Six Flags investor relations site (investors.sixflags.com) or their main site (sixflags.com).
Guest experience at the affected parks should remain consistent through 2026, with the sale aimed at long-term stability for the overall company.
