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Pennantpark Investment Corp. (DE:12P)
FRANKFURT:12P
Earnings Data
Report Date
May 18, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.12Last Year’s EPS
0.15Same Quarter Last Year
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a generally positive operational and credit story: disciplined underwriting, strong realized gains (JF exit), attractive JV yields (16.4%), low nonaccruals, continued originations, and concrete steps to address funding maturities. At the same time, management acknowledged challenges: a modest NAV decline (-1.5% QoQ), reliance on $41M of spillover income to support supplemental dividends through 2026, remaining equity exposure to be rotated, elevated JV leverage/equity markdowns, and competitive funding cost headwinds due to trading at a discount. On balance the company highlighted several material positives and a clear plan to reduce equity exposure and manage liquidity, while transparently addressing the key risks and funding tasks ahead.Company Guidance
Core Net Investment Income and Dividend Policy
Core NII of $0.14 per share for the quarter ended Dec 31. Company declared an April dividend of $0.08 per share composed of $0.04 base (expected to be supported by current core NII) and $0.04 supplemental, with the $0.04 supplemental to be paid through December 2026 and funded by $41 million ($0.63 per share) of undistributed spillover income.
Successful Exit of JF Holdings
Fully exited equity investment in JF Holdings, receiving $68 million of proceeds and generating a realized gain of $63 million; this monetized ~20% of the fair value of the equity portfolio and materially reduced equity exposure.
Strong Portfolio and Underwriting Metrics
Portfolio totaled $1.2 billion with median leverage of 4.5x and median interest coverage of 2.1x. Originated 3 new platform investments during the quarter (median debt/EBITDA 4.0x, interest coverage 2.9x, loan-to-value 49%) and invested $115 million across 3 new and 51 existing companies.
Low Level of Nonaccruals
Only 4 nonaccrual investments representing 2.2% of the portfolio at cost and 1.1% at market value, reflecting disciplined underwriting and credit monitoring.
High Yielding JV Contribution
PSLF joint venture portfolio totaled $1.4 billion and contributed substantially to core NII; PNNT's average NII yield on invested capital and the JV was 16.4% over the last 12 months. JV has capacity to grow to $1.5 billion to further enhance earnings momentum.
Attractive Historical Track Record
Since inception PNNT has invested $9.2 billion at an average yield of 11.2% while maintaining a loss ratio on invested capital of roughly 20 basis points annually. Equity co-invest program: $615 million invested since inception with a 25% IRR and 1.9x multiple on invested capital.
High Yielding Debt Mix and Floating Rate Exposure
Weighted average yield on debt investments of 10.9%; 89% of the debt portfolio is floating rate, which may provide protection in a rising-rate environment.
Liquidity and Funding Actions
Raised $75 million of new unsecured debt in January to partially address upcoming May maturities; management is actively chipping away at debt maturities and has capitalized fees associated with the new debt issuance to avoid one-time quarter expense.
DE:12P 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
DE:12P Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 09, 2026 | €4.71 | €4.65 | -1.27% |
Nov 24, 2025 | €5.24 | €4.92 | -6.11% |
Aug 11, 2025 | €5.67 | €5.69 | +0.33% |
May 12, 2025 | €5.14 | €5.45 | +6.06% |
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 Pennantpark Investment Corp. (DE:12P) report earnings?
Pennantpark Investment Corp. (DE:12P) is schdueled to report earning on May 18, 2026, After Close (Confirmed).
What is Pennantpark Investment Corp. (DE:12P) earnings time?
Pennantpark Investment Corp. (DE:12P) earnings time is at May 18, 2026, 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 the P/E ratio of Pennantpark Investment Corp. stock?
The P/E ratio of Pennantpark Investment is N/A.
What is DE:12P EPS forecast?
DE:12P EPS forecast for the fiscal quarter 2026 (Q2) is 0.12.