Six Flags announced that it elected not to exercise its contractual call option to acquire the remaining partner interests in Six Flags Over Texas. Under the existing partnership agreement, the company had to notify its intent by December 31, 2025, with any acquisition payment due in January 2028. After a thorough review of the agreement’s terms and alignment with the company’s capital allocation priorities, management determined that proceeding with the acquisition would not be in the best financial interest of shareholders at this time.

In making this decision, Six Flags weighed the value of outright ownership against alternative uses of capital across its 27 amusement parks, 15 water parks and nine resort properties spanning 16 U.S. states, Canada, Mexico and Saudi Arabia. The board concluded that retaining the partnership structure for Six Flags Over Texas preserves liquidity and flexibility to pursue higher-return investments elsewhere in the portfolio. Notably, the company exercised its call option on Six Flags Over Georgia in December 2024, completing full ownership of that park under more favorable terms.

Despite forgoing the acquisition, Six Flags reaffirmed its commitment to the long-term success of Six Flags Over Texas. The company will continue to operate and manage the park per the existing agreement and has recently invested in new attractions, capital improvements and guest-experience enhancements. Six Flags also indicated it will maintain constructive discussions with its partners about potential future partnership adjustments, ensuring that operational excellence and growth prospects for the Arlington property remain a priority.