FS KKR Capital Q2 net loss per share narrows

FS KKR Capital

06/08/2026 11:26

Overview
U.S. business development company reported Q2 net investment income per share rose to $0.44
Company posted Q2 net loss per share of $0.13, narrower than prior quarter
FS KKR completed $150 mln tender offer, issued $150 mln preferred stock, and began $300 mln buyback

Outlook
FS KKR Capital declares third-quarter 2026 distribution of $0.44 per share

Result Drivers
LEVERAGE REDUCTION - Co said it reduced net leverage to within target range in Q2
NON-ACCRUAL ASSETS - Co said it made progress reducing non-accrual assets in Q2
INCENTIVE FEE WAIVER - 50% subordinated income incentive fee waiver supported net investment income and distribution

Company press release: ID:nPnbhS94ya

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Loss Per Share
 
$0.13
 
Q2 Operating Expenses
 
$179 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 $11.00, about 0.4% below its August 5 closing price of $11.04
The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 7 three months ago

Reuters Recommended Reads
Aug 5 - Barings BDC Q2 net investment income rises on portfolio deployment
Aug 5 - Rand Capital Q2 investment income falls on non-accruals
Aug 3 - Golub Capital BDC Q3 adjusted net income misses, hurt by portfolio underperformance

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(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.)