Six Flags opts not to purchase all of ‘foundational park’ in its portfolio
Six Flags will not purchase the remaining stake of Six Flags Over Texas that the company does not already own, a decision it was required to make by the end of 2025.
Six Flags Entertainment Corporation announced its choice publicly on Jan. 5, 2026. Had the company opted to purchase the remaining interests in Six Flags Over Texas from its operating partners, notice would have been required by Dec. 31, 2025, and payment would have been due in 2028. These dates trace back to an agreement established in 1997.
The decision does not, however, equate to a lack commitment to Six Flags Over Texas, which Six Flags continues to operate.
“This was a difficult and deliberate decision. Six Flags Over Texas is a foundational park in our system and a prized asset within our portfolio,” said John Reilly, president and CEO of Six Flags. “While the contractual terms do not currently align with our capital allocation priorities, we remain deeply committed to the long‑term success of the park and believe it has a bright future as part of the Six Flags portfolio.”
Photo courtesy of Six Flags
This is an important assurance as Six Flags undergoes a portfolio review of its parks with a “priority” of selling or closing more parks, as stated in November. Reilly seems to imply Six Flags Over Texas is safe, as it were, from divestiture.
Reilly was installed as Six Flags’ new president and CEO just last month, replacing Richard Zimmerman, who resigned.
Six Flags Over Texas is located in Arlington, near Dallas, and is one of over 50 parks in the Six Flags portfolio since the company merged with Cedar Fair in 2024. Late this year, Six Flags Over Texas will open the new Tormenta Rampaging Run, a record-breaking dive coaster.
Photos by Attractions Magazine
This time last year, Six Flags had a nearly identical decision to make regarding Six Flags Over Georgia near Atlanta. In that case, the company opted for the opposite course of action, choosing to purchase the remaining shares from co-owners by 2027 for $332.6 million.
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