Goldman Sachs BDC Q1 investment income falls on lower rates

Goldman Sachs BDC

08/05/2026 24:24

Overview

U.S. specialty finance firm's Q1 total investment income declined due to lower rates and tighter spreads

Net investment income per share for Q1 was $0.22, down from $0.37 in prior quarter

Board declared Q2 2026 base dividend of $0.32 per share

Outlook

Goldman Sachs BDC declares Q2 2026 base dividend of $0.32 per share

Result Drivers

LOWER RATES & TIGHTER SPREADS - Co said decrease in total investment income was primarily due to a decline in base interest rates and tightening of credit spreads

HIGHER EXPENSES - Net expenses rose mainly due to higher incentive fees and increased interest and debt expenses

NON-ACCRUAL INVESTMENTS - Two investments placed on non-accrual status due to financial underperformance, raising total non-accruals

Company press release: ID:nBw46yLPSa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
-$0.12


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 4 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the corporate financial services peer group is "buy."

Wall Street's median 12-month price target for Goldman Sachs BDC Inc is $9.25, about 6.9% below its May 7 closing price of $9.94

The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 7 three months ago

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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.)