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Fs Kkr Capital (FSK)
NYSE:FSK
Earnings Data
Report Date
May 11, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.44Last Year’s EPS
0.65Same Quarter Last Year
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
Mixed/Neutral. The company reported several concrete achievements — strong 2025 originations ($5.6B), disciplined capital actions (new notes, CLO, facility amendments), ample liquidity (~$3.8B), and continued focus on first‑lien and senior secured lending — but also disclosed notable portfolio stress: a 5% decline in NAV, concentrated quarterly markdowns (PRG, Medallia, Peraton, Cubic), a meaningful increase in nonaccruals (to 5.5% cost basis), lower interest income and a trimmed near‑term dividend outlook (~9% of NAV). Management emphasized active workout plans, portfolio monitoring and multi‑year remediation steps, leaving the call balanced between operational strengths and near‑term credit challenges.Company Guidance
Strong 2025 Originations and Portfolio Activity
Originated $5.6 billion of primarily first‑lien and asset‑based finance investments in 2025; Q4 originations of ~$1.1 billion; net portfolio growth of $292 million in Q4 after $806 million of sales and repayments. New investments in Q4 were ~65% first lien and ~15% asset‑based finance.
Returned Capital to Shareholders
Delivered $2.80 per share of total distributions in 2025 via base and supplemental distributions. Board declared Q1 2026 distribution of $0.48 per share (base $0.45 + supplemental $0.03), representing a 100% payout of GAAP NII and a 9.2% yield on ending Q4 NAV.
Solid Liquidity and Capital Markets Execution
Ended Q4 with approximately $3.8 billion of available liquidity. Issued $400 million of unsecured notes, closed a $400 million bilateral lending facility, raised $363 million via a third middle market CLO priced at SOFR +157 bps, and amended revolver to increase commitment, extend maturity and reduce pricing.
Portfolio Composition and Credit Profile
Portfolio fair value of $13 billion across 232 companies; ~58% first‑lien loans and ~62% senior secured on FSK basis (68% first‑lien and 72% senior secured when looking through JV). Weighted average yield on accruing debt was 10.0% (down 50 bps QoQ). Weighted average/median EBITDA of portfolio companies were $236 million and $132 million, respectively; median interest coverage increased to 1.9x from 1.8x.
Joint Venture Growth
Aggregate capital commitment to the JV with South Carolina Retirement Systems increased from $2.8 billion to ~$2.975 billion (partner ownership rose from 12.5% to 21.1%; FSK ownership decreased to 78.9%), positioning the JV to scale further.
Operational Discipline and Long‑term Track Record
Since FS/KKR advisor formation 8 years ago, originated $34 billion into FSK with an unlevered IRR of 9.1% since inception. Management reiterated focus on first‑lien, senior secured originations, proactive portfolio monitoring and workout capabilities (~25 people focused on portfolio monitoring).
FSK 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
FSK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 25, 2026 | $13.32 | $11.29 | -15.24% |
Nov 05, 2025 | $14.14 | $14.54 | +2.83% |
Aug 06, 2025 | $18.54 | $17.02 | -8.20% |
May 07, 2025 | $17.22 | $17.75 | +3.08% |
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 (FSK) report earnings?
Fs Kkr Capital (FSK) is schdueled to report earning on May 11, 2026, After Close (Confirmed).
What is Fs Kkr Capital (FSK) earnings time?
Fs Kkr Capital (FSK) earnings time is at May 11, 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 FSK EPS forecast?
FSK EPS forecast for the fiscal quarter 2026 (Q1) is 0.44.