Boyd Gaming Corporation

Filing receipts

“Net Income Net income decreased $6.6 million for the three months ended March 31, 2026 , compared to the prior year comparable period, primarily due to the $35.9 million decrease in operating income, as discussed above, offset by a $20.0 million decrease in interest expense, which was driven by a $1.2 billion decrease in the weighted average outstanding debt balance combined with a 60-basis point decline in the weighted average interest rate.”

“Interest expense, net of capitalized interest and interest income, for the three months ended March 31, 2026 , decreased $21.0 million, or 44.2% , from the prior year comparable period and is primarily driven by a decrease in the weighted average debt balance of $1.2 billion and an approximate 60-basis point decrease in the weighted average interest rate.”

“Operating Income Operating income decreased by $35.9 million, or 18.0% , for the three months ended March 31, 2026 , compared to the prior year comparable period, primarily due to an increase in d epreciation and amortization expense of $26.8 million, which was driven by the completion of our meeting and convention space in the third quarter of 2025, opening of the transitional casino in Norfolk, Virginia in November 2025, investments in technology throughout 2025 and hotel room renovations at multiple properties during 2025 and into the first quarter of 2026.”