Six Flags moves its headquarters back to Arlington, Texas
Six Flags Entertainment will move its corporate headquarters from Charlotte to Arlington, finishing by March 2027. FUN fell 3.05% on the week. A ProFrac 10% owner and insiders at FTC Solar, Battalion and Keurig Dr Pepper bought stock.
Six Flags Entertainment said on Aug. 25 that it will move its corporate headquarters from Charlotte to Arlington, and it plans to finish the move by March 2027. It's the clearest relocation story of the week ended Aug. 30, and it's a homecoming, since the old Six Flags was based in Arlington before its 2024 merger with Cedar Fair.
On the insider side, THRC Holdings added about $2.87 million of ProFrac, the biggest of the open market buys we found at four Texas companies.
The move
The company announced the move in a press release on Tuesday. The headquarters will go into its current Arlington offices. Choctaw Stadium has served as a Six Flags corporate office since 2020, and part of its corporate workforce already works there. Many employees will get the chance to relocate, the company said, and it will keep an office in Sandusky, Ohio. The release gave no headcount and no cost estimate.
CEO John Reilly called Arlington "an outstanding location for our headquarters." Six Flags Over Texas opened there in 1961, and five of the company's parks are in Texas.
WFAE reported that the combined company set up in Charlotte after the merger closed in July 2024, so the region is losing a Fortune 1000 headquarters about two years after it won one.
Six Flags isn't a Texas company on paper yet. Its latest quarterly report, filed Aug. 6, still lists Charlotte, and the company is incorporated in Delaware. We'll add it to the relocation feed as announced, and we'll treat it as a Texas headquarters company once a filing says so.
Our read
Six Flags gave mostly operating reasons for the move. CEO John Reilly pointed to Arlington's central location and business friendly environment, and said bringing corporate teams together in the office would improve collaboration and strengthen the culture, WFAE reported. The company also said that with five parks in Texas, the move brings leadership closer to its operations, per WBTV. Neither report has it citing taxes, Texas corporate law or the new exchanges, and the company's still incorporated in Delaware, so we read this as an operating call more than a governance one.
The bigger context is a company that's being rebuilt. Reilly, a former interim chief executive at SeaWorld Parks and Entertainment, took over on Dec. 8, 2025, as Richard Zimmerman stepped down, per the company's November release. Jana Partners, whose group said it held about a 9% economic interest, applauded the hire. The second quarter earnings release shows a $203 million net loss, about $4.9 billion of net debt, seven parks sold to EPR Properties before the 2026 season and $16.7 million of severance tied to executive transitions and post merger efficiency work. It calls paying down debt an essential financial priority.
Putting headquarters staff into offices it already uses at Choctaw Stadium fits that picture, and undoing the merger's Charlotte choice is the sort of call we'd expect from a new boss. What investors don't have is a price tag. The company gave no headcount and no cost or savings figure, so there's no way yet to tell whether the move pays for itself.
The stock
The market didn't reward the news. Six Flags (FUN) closed at $16.91 on Aug. 24 and $16.59 on Aug. 25, down 1.89%. For the week it fell from $16.73 on Aug. 21 to $16.22 on Aug. 28, down 3.05%. Both figures are Lone Star Index calculations from StockAnalysis closing prices.
Insider buying
We found open market insider purchases at four Texas companies in filings that hit filings between Aug. 24 and Aug. 30. We left out plan trades, grants and employee stock plan buys, which ruled out a Matador Resources filing by CEO Joseph Foran.
| Company | Buyer | Role | Shares | Avg. price | Filed |
|---|---|---|---|---|---|
| ProFrac (ACDC) | THRC Holdings (Dan Wilks) | 10% owner | 607,227 | $4.70 to $4.81 | Aug. 26 |
| Battalion Oil (BATL) | William Rogers | Director | 70,000 | $1.30 | Aug. 28 |
| FTC Solar (FTCI) | Shaker Sadasivam | Director | 33,290 | $2.19 | Aug. 28 |
| FTC Solar | Anthony Carroll | CEO | 24,745 | $2.08 | Aug. 26 |
| Keurig Dr Pepper (KDP) | Aaron Alt | Director | 7,862 | $31.83 | Aug. 27 |
The ProFrac buys were the biggest in dollars, about $2.87 million by our math, made on Aug. 21, 24 and 25 by THRC Holdings, whose general partner's sole member is Dan Wilks, per the Form 4. THRC's holdings in the Willow Park fracking company reached 83,816,235 shares after the last trade.
Alt's purchase at Frisco based Keurig Dr Pepper was about $250,000 and his first reported holding. At FTC Solar in Austin, Carroll's buy on Aug. 25 came a day before Sadasivam's purchase, so two insiders bought on back to back days. Rogers paid about $91,000 for his Battalion shares in Houston, per his filing.
Every company in the table lists a Texas business address in its latest quarterly report. All filings are on Insider Radar.
What to watch
- March 2027: Six Flags plans to finish the move to Arlington.
- Six Flags' next quarterly report is the first place a cost estimate for the move could show up.
- FTC Solar's next round of Form 4 filings will show whether the back to back insider buying keeps going.
Six Flags stays on the relocation feed as announced until a filing lists a Texas address.
Lone Star Index publishes research, not investment advice.