WhiteHorse Finance (WHF)
NASDAQ:WHF
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Earnings Data
Report Date
Aug 06, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.26Last Year’s EPS
0.28Same Quarter Last Year
Moderate Sell
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call reflected a balanced tone: management acknowledged and had pre-flagged the quarter’s realized and unrealized losses that drove modest NAV and earnings declines, while emphasizing proactive value-enhancing actions — notably accretive share repurchases, an accretive STRS JV, maintained distributions, high first‑lien senior secured portfolio composition, and improving deal flow/pricing. Credit stress was concentrated in a small number of identified names and nonaccruals ticked higher, and the company faces constrained near-term balance-sheet capacity if buybacks are prioritized. Overall, positives such as NAV accretion from buybacks, JV performance, and strong collateral protections offset but did not overwhelmingly outweigh the quarter’s mark‑to‑market and earnings headwinds.Company Guidance
Share Repurchases Delivered NAV Accretion
Repurchased ~412k shares in Q1 at a weighted-average price of $7.31 (plus ~210k additional shares subsequent to quarter end). Q1 repurchases were accretive to NAV by ~$0.08 per share; cumulative buybacks since program inception have contributed ~ $0.31 per share of NAV accretion.
Maintained Base Distribution and Supportive Fee Waiver
Board declared Q2 base distribution of $0.25 per share and paid a supplemental $0.01 in Q1. Adviser extended temporary voluntary incentive fee waiver reducing the applicable fee rate from 20% to 17.5% for 2026 to support distributable earnings.
STRS JV Remains Accretive and Scaled
STRS JV fair value $327.1M with average effective yield of 9.9% and generated ~$3.6M of income in Q1 (low‑teens ROE for the BDC's equity investment). Two new deals and two existing investments totaling $18.9M transferred to the JV in Q1; JV leverage 1.08x.
High Quality Collateral Mix and Concentration Metrics
98.8% of debt portfolio is first‑lien, senior secured. Non‑sponsor exposure represented ~38% of the portfolio at fair value. Risk ratings improved with ~88.3% of positions carrying a 1 or 2 rating (up from 85.9% prior quarter).
Strong Liquidity and Regulatory Coverage
Cash resources of ~$49.4M at quarter end (including ~$37.6M restricted). Asset coverage ratio of 176.2%, above the 150% regulatory minimum. Net effective debt-to-equity ratio improved to 1.12x (from 1.15x).
Disciplined Originations with Conservative Structure
Gross capital deployments of $25.4M in Q1 (three new originations totaling $18.5M, all first-lien loans, average leverage ~5.5x EBITDA). Focus on structure and credit quality amid competitive pricing; non-sponsor deals targeted at SOFR+600+.
Recovering Deal Flow and Pricing Advantages
Management reported a recent pickup in deal flow and higher pricing across the market (pricing up ~25–100 bps across segments). Company is focused on mid- and upper-mid market where structures appear more conservative and attractive.
WHF Earnings History
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
WHF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 07, 2026 | $7.34 | $7.32 | -0.27% |
Mar 02, 2026 | $5.87 | $6.26 | +6.66% |
Nov 10, 2025 | $6.40 | $6.07 | -5.07% |
Aug 07, 2025 | $7.52 | $7.29 | -2.95% |
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 WhiteHorse Finance (WHF) report earnings?
WhiteHorse Finance (WHF) is schdueled to report earning on Aug 06, 2026, Before Open (Confirmed).
What is WhiteHorse Finance (WHF) earnings time?
WhiteHorse Finance (WHF) earnings time is at Aug 06, 2026, Before Open (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 WHF EPS forecast?
WHF EPS forecast for the fiscal quarter 2026 (Q2) is 0.26.