Yellowstone Season 5 premiered in November 2022 on the Paramount Network, with the first half of the season consisting of eight episodes. The second half of the season will be released in November 2023 and will run for six to ten episodes. There have been rumors about Kevin Costner's exit from the show, but it is unclear whether he will return for the final episodes. Yellowstone will be ending after season 5, but a spin-off sequel series has been ordered and is set to debut in December.