Carlyle Secured Lending Inc (CGBD)
NASDAQ:CGBD
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Earnings Data
Report Date
Aug 11, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.33Last Year’s EPS
0.39Same Quarter Last Year
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call highlighted strong origination momentum, market share gains, increasing origination spreads, and meaningful progress ramping joint ventures (MMCF and SCP) which should drive future earnings and dividend upside. Offsetting these positives were a modest NAV decline driven by mark-to-market spread widening, a base dividend reset (-12.5%), portfolio runoff from elevated prepayments and sales, and an expected earnings trough in Q2. On balance, the operational and strategic positives (JV ramp, higher spreads, share buybacks at deep discounts, low leverage, and resilient credit metrics) are roughly balanced with near-term valuation pressures and income/headline adjustments.Company Guidance
Strong Platform Originations and Market Share Gains
Carlyle Direct Lending platform closed over $1.2 billion of new and incremental commitments and funded $217 million at Carlyle Secured Lending, Inc.; platform originations were up 14% year-over-year while U.S. private equity deal activity was down nearly 25%, indicating share gains.
Improving Origination Economics
New-investment spreads widened by nearly 50 basis points on average versus Q4 (from ~475 bps), first-lien deals were ~0.25 turns less levered at origination, and documentation terms have shifted in lenders’ favor.
Joint Venture (MMCF) Ramp and Attractive Returns
Total investments at the MMCF joint venture increased to over $1 billion; MMCF is achieving a ~15% dividend yield. MMCF equity commitments were upsized from $175M to $250M per partner and credit facility capacity was upsized to $1.2 billion at an attractive spread (SOFR +170 bps).
New Structured Credit JV (SCP) Launch Momentum
SCP was capitalized with $600 million of equity commitments (CSL committed $150M); management expects a 400–500 bps uplift to returns (fee-free JV assets) and accelerated two CLOs in April with plans to price/close two additional CLOs in 2026, targeting four CLO issuances per year for vintage diversification.
Solid Income Generation and Strong Balance Sheet Metrics
Net investment income of $25 million, or $0.36 per share (GAAP and adjusted); statutory leverage 1.25x and net financial leverage 1.06x (after unsettled sales), with 100% floating-rate debt matching floating-rate assets and limited near-term maturities.
Share Repurchases Driving NAV Accretion
Repurchased $19 million of shares in Q1 at an average discount of 26%, producing $0.09 of NAV accretion; additional $8 million repurchased in Q2 to date for another ~$0.05 accretion. Board increased repurchase program capacity to $300 million.
CGBD 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
CGBD Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 11, 2026 | $11.52 | $11.38 | -1.22% |
Feb 24, 2026 | $11.04 | $10.97 | -0.70% |
Nov 04, 2025 | $11.65 | $11.33 | -2.72% |
Aug 05, 2025 | $12.44 | $12.31 | -1.01% |
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 Carlyle Secured Lending Inc (CGBD) report earnings?
Carlyle Secured Lending Inc (CGBD) is schdueled to report earning on Aug 11, 2026, After Close (Confirmed).
What is Carlyle Secured Lending Inc (CGBD) earnings time?
Carlyle Secured Lending Inc (CGBD) earnings time is at Aug 11, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CGBD EPS forecast?
CGBD EPS forecast for the fiscal quarter 2026 (Q2) is 0.33.