FS KKR Capital's Q1 loss per share widens

FS KKR Capital

11/05/2026 12:01

Overview

US business development company's Q1 loss per share widens

Net asset value per share fell to $18.83 from $20.89 last quarter

Company announced $300 mln share repurchase

Outlook

FS KKR Capital declares Q2 2026 distribution of $0.42 per share

Company to implement $300 mln share repurchase program through June 2027

Result Drivers

PORTFOLIO LOSSES - Co said Q1 decline in net asset value was driven by investments that have impacted prior quarters, new non-accrual assets, and market-driven spread widening

HIGHER NON-ACCRUALS - Non-accrual investments rose to 4.2% of portfolio at fair value from 3.4% last quarter

LOWER INVESTMENT INCOME - Total investment income fell to $304 mln from $400 mln a year earlier, reflecting lower interest and fee income

Company press release: ID:nPn2gYqGda

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
-$1.57
Q1 Operating Expenses
$187 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 10 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the closed end funds peer group is "buy."

Wall Street's median 12-month price target for FS KKR Capital Corp is $12.00, about 10.7% above its May 8 closing price of $10.84

The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 7 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)