Six Flags CEO John Reilly told investors on Nov. 5 that more park sales are possible after seven were sold this year. Here’s what he said, which parks already went and what it means for passholders.
Six Flags isn’t done shrinking. On its third-quarter earnings call Thursday, Nov. 5, CEO John Reilly said the company still sees “opportunity for further portfolio optimization.”
That’s corporate for “we might sell more parks.” Six Flags already sold seven this year.
Reilly wouldn’t say how many could go next. “And we’re not going to quantify that in terms of a number of parks,” he said, according to a transcript of the call.
Is Six Flags selling more parks?
Maybe. No new sale was announced Thursday, and nobody at the company named a park.
Still, Reilly kept the door open, and he pointed to this year’s deal as the model.
“The seven non-core parks we sold this year show how we think about it,” Reilly said on the call. “We act when the value is right.”
There’s also outside pressure. WFMZ, citing The Wall Street Journal, reports that activist investor Jana Partners, which owns about 9% of the company, wants Six Flags to explore selling itself.
Which Six Flags parks were sold in 2026?
Six Flags sold seven parks to EPR Properties for $331 million in cash, a deal announced March 5, FOX 11 Los Angeles reported. They are:
Valleyfair in Minnesota
Worlds of Fun in Kansas City, Missouri
Michigan’s Adventure
Schlitterbahn Galveston in Texas
Six Flags St. Louis
Six Flags Great Escape in Queensbury, New York
La Ronde in Montreal
The parks didn’t close. Enchanted Parks runs the six U.S. parks now, and a separate company runs La Ronde.
Six Flags also closed Six Flags America in Maryland, which is why its earnings release counts eight parks gone.
How did Six Flags do in the third quarter?
The big numbers look rough, but there’s a reason. The company’s release shows revenue of $1.173 billion for the quarter that ended Sept. 27, down 11% from a year earlier. Attendance fell almost 14%, to 18.2 million.
Most of that drop comes from having fewer parks. At parks it owned both years, revenue rose 1.4% and attendance was nearly flat.
Guests did spend a bit more. Per-person spending rose 2.4% to $60.51.
The company lost $366.1 million, mostly from $687.7 million in non-cash write-downs. Last year’s third-quarter loss was far bigger, at $1.187 billion.
WFMZ reports the stock jumped more than 16% Thursday, to $9.20. It’s still down more than 40% this year.
What happened to Six Flags in October?
October was “softer than planned,” the company said. It blamed bad weather on early weekends and the fallout from a fatal accident on the Goliath coaster at Six Flags Over Georgia, which led to precautionary ride closures.
“Safety remains our highest priority,” Reilly said in the release. He said Six Flags has launched a review of ride safety at every park, with outside engineers and inspectors.
On the call, Reilly said the closures hit mostly Georgia and Six Flags Magic Mountain in California. He also said Magic Mountain “is going to be undergoing a major refurbishment.”
What is Six Flags doing to fix its parks?
Reilly’s pitch is simple: rides that work. “Ride availability is the biggest driver of how guests feel about their day, and it’s improving,” he said.
He also said the company put “experienced park presidents back in charge of our largest parks.” The idea is to let each park make more of its own calls instead of running everything from the top.
“Progress will not always be a straight line, but we’re building this team the right way,” he said.
Six Flags also cut its 2026 spending plan to $350 million to $375 million.
Does this affect Six Flags passholders?
Nothing changes for passholders today. Still, they’re the company’s base. Passholders made up 61% of third-quarter attendance, and the pass base hit 7.1 million, up 7.1%, per the release.
That’s why park sales matter to regular guests. If you bought a pass because a park near you was included, keep an eye on the news.
Six Flags hasn’t named another park, and Reilly made it clear he isn’t in a rush. He’d rather wait for the right price.
Article compiled and written by Kambrea Pratt (editor-in-chief), Derek Gibbs (beat editor) and the Pirates & Princesses newsroom. Pirates & Princesses is part of WebReef Media.
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Hat Tips:
Six Flags Entertainment Corp. (Nov. 5, 2026), third-quarter results, safety review and Reilly’s release quotes
WFMZ (Nov. 5, 2026), stock move, Jana Partners report and Goliath background
FOX 11 Los Angeles (March 5, 2026), EPR Properties deal and park list
Attractions Magazine (Nov. 5, 2026), pass and leadership focus
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