The earnings call highlighted strong new investment activities and enhanced liquidity, but these were overshadowed by significant declines in net asset value, increased nonaccruals, and higher expenses, resulting in a challenging quarter.

Company Guidance

During the second quarter of 2025, FS KKR Capital Corp. (FSK) reported net investment income of $0.62 per share and adjusted net investment income of $0.60 per share, slightly below its public guidance of approximately $0.64 and $0.62 per share, respectively. The company experienced a 6.2% decline in net asset value per share from $23.37 to $21.93, primarily due to issues with four portfolio companies. Despite a slow M&A environment, FSK originated $3.4 billion in investments during the first half of 2025, including $1.4 billion in Q2. The company maintained strong liquidity with $3.1 billion available in cash, unsettled trades, and undrawn credit facilities. FSK's 2025 distribution guidance remains at $2.80 per share, with a third-quarter distribution of $0.70 per share declared. The weighted average yield on accruing debt investments was 10.6% as of June 30, and nonaccruals increased to 5.3% on a cost basis. The investment portfolio's fair value was $13.6 billion, consisting of 218 companies, with a focus on senior secured investments. Looking ahead, FSK expects Q3 2025 GAAP net investment income of approximately $0.58 per share and adjusted net investment income of $0.57 per share.

Strong New Investment Activity

During the first half of 2025, the investment team originated $3.4 billion of investments, with $1.4 billion originated in the second quarter. Approximately 83% of new investments were in first lien loans.

Enhanced Liquidity and Credit Facility

FSK ended the quarter with $3.1 billion of liquidity, and after the quarter, increased its credit facility commitments to $4.7 billion with an extension to the third quarter of 2030.

Dividend Guidance and Distribution Strategy

FSK's distribution guidance for 2025 remains in place with expected distributions totaling $2.80 per share, including base and supplemental distributions.

Portfolio Diversification and Stability

FSK continues to maintain a diversified portfolio with 218 companies and 73% of investments in senior secured debt.

FS KKR Capital (FSK) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

FSK Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 10, 2025	2025 (Q3)	0.57 / -	0.74	―	―	―
Aug 06, 2025	2025 (Q2)	0.63 / 0.60	0.75	-20.00% (-0.15)
May 07, 2025	2025 (Q1)	0.64 / 0.65	0.73	-10.96% (-0.08)
Feb 26, 2025	2024 (Q4)	0.67 / 0.66	0.75	-12.00% (-0.09)
Nov 06, 2024	2024 (Q3)	0.70 / 0.74	0.84	-11.90% (-0.10)
Aug 06, 2024	2024 (Q2)	0.71 / 0.75	0.78	-3.85% (-0.03)
May 08, 2024	2024 (Q1)	0.71 / 0.73	0.78	-6.41% (-0.05)
Feb 26, 2024	2023 (Q4)	0.75 / 0.75	0.81	-7.41% (-0.06)
Nov 06, 2023	2023 (Q3)	0.77 / 0.84	0.73	15.07% (+0.11)
Aug 07, 2023	2023 (Q2)	0.76 / 0.78	0.67	16.42% (+0.11)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

FSK Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 06, 2025	$20.24	$18.58	-8.20%
May 07, 2025	$18.80	$19.37	+3.03%
Feb 26, 2025	$21.41	$21.28	-0.61%
Nov 06, 2024	$18.83	$18.95	+0.64%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does FS KKR Capital Corp (FSK) report earnings?

FS KKR Capital Corp (FSK) is schdueled to report earning on Nov 10, 2025, After Close (Confirmed).

What is FS KKR Capital Corp (FSK) earnings time?

FS KKR Capital Corp (FSK) earnings time is at Nov 10, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is FSK EPS forecast?

FSK EPS forecast for the fiscal quarter 2025 (Q3) is 0.57.

Become an Expert with TipRanks Premium

What am I Missing?

Make informed decisions based on Top Analysts' activity

Know what industry insiders are buying

Get actionable alerts from top Wall Street Analysts

Find out before anyone else which stock is going to shoot up

Get powerful stock screeners & detailed portfolio analysis

Subscribe Now See Plans & Pricing