Six Flags Posts Annual Report to Security Holders; Dorney Is Mentioned Only Twice, Company Has Cut 15% of Full-Time Jobs

— Editor’s note: Corrected to note it’s the Annual Report to Security Holders, not shareholders.

April 10, 2026

— Jeff Ward, Lehigh Valley News Briefs

Six Flags, owner of Dorney Park, has posted its annual report to security holders.

The filing with the U.S. Securities and Exchange Commission doesn’t say much that is new. It mentions Dorney Park only twice in 104 pages, listing the markets Dorney is in (New York and Philadelphia) and giving the size of the South Whitehall Township facility as 210 acres, with 30 acres undeveloped.

Some of the report is standard, boilerplate warning about risks, and some is fluff.

Here’s a quick description of the business: The demographic groups that are most important to the business are families and young people ages12 through 24. Families are believed to be attracted by a combination of rides, live entertainment and the clean, wholesome atmosphere. Young guests are believed to be attracted by the action-packed rides.

Some of the information is dated, as Six Flags has announced the sale of the land that was once Six Flags America in Maryland since this report was prepared.

The current Six Flags was formed by the 2024 merger of the old Six Flags and Cedar Fair, which owned Dorney. Since then, the combined company has struggled with debt, bad weather and bad financial results.

Six Flags noted various items, then said the “operating loss for 2025 totaled $1.38 billion compared with operating income of $310.5 million for 2024.” That’s a flip of about $1.7 billion the wrong way.

It has also cut staff, according to the filing: As of December 31, 2025, the Company employed approximately 4,225 full-time employees. This represents a reduction of approximately 15% compared to the combined number of full-time employees as of December 31, 2024 as a result of recent post-merger productivity and efficiency efforts.

About 1,950 of the staff are union members, the company said.

Six Flags employed about 91,000 seasonal workers in 2025, many of them high school and college students, according to the report.

Much of the report goes into routine accounting comments. What matters is the share price, and recently Wall Street has liked Six Flags’ moves, including appointing a new executive chairman and selling some parks.

Shares of Six Flags (NYSE:FUN) were trading at $19.98 at 10:27 a.m. Friday, up 25 cents and slightly above the 52-week high of $38.47. The low over the same period was $12.51.

Disclosure: I own shares of Six Flags.

For those who want to read the entire 104-page report, here’s a link.