The earnings call reflected a stable financial performance with strategic investments despite challenging market conditions. Significant investments and strong portfolio performance were highlighted, although there were minor setbacks, including a decrease in NAV and some unrealized losses.

Company Guidance

During the second quarter of 2025, Kayne Anderson BDC, Inc. reported stable financial results with a net investment income of $0.40 per share and a net income of $0.35 per share, translating to a 9.8% annual return on equity. The company distributed a regular dividend of $0.40 per share and a special dividend of $0.10 per share, leading to a net asset value (NAV) of $16.37, reflecting a 0.8% decline quarter-over-quarter. Despite market disruptions, Kayne Anderson made $129 million in gross new private credit investments, with $101 million allocated to new investments and $28 million to existing commitments. The quarter saw repayments of $72 million in private credit loans and a strategic reduction in broadly syndicated loans by $47 million, aiming to enhance the portfolio's yield. The debt-to-equity ratio increased to 0.91x from 0.86x in the previous quarter, with a target range of 1x to 1.25x anticipated in the third quarter. The portfolio, valued at approximately $2.2 billion, remains robust with 98% first lien senior secured loans and an average loan-to-value of 43%. The company also announced a significant investment in SG Credit, structured as an $80 million term loan and a $34 million delayed draw facility, expected to be immediately accretive to earnings with a yield over 11%.

Stable Net Investment Income

Net investment income was stable at $0.40 per share, fully covering the dividend, with a 9.8% annual return on equity.

Active Investment in Challenging Market

Despite market slowdowns, $129 million in gross new private credit investments were made, matching Q2 '24 levels, showcasing resilience and strategic execution.

Strong Portfolio Performance

KBDC's portfolio showed strong performance with 98% first lien senior secured loans and a low nonaccrual rate of 1.6%.

Investment in SG Credit

A $92 million investment in SG Credit, including $80 million in term loans and $12 million in equity, is expected to be immediately accretive to earnings with a yield north of 11%.

Increased Investment Activity Post-Quarter

Post-June 30, 2025, $176 million in additional fundings were closed, signaling strong market conditions and improved third quarter outlook.

Kayne Anderson BDC, Inc. (KBDC) 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

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KBDC Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 12, 2025	2025 (Q3)	0.39 / -	0.52	―	―	―
Aug 11, 2025	2025 (Q2)	0.40 / 0.40	0.51	-21.57% (-0.11)	―	―
May 12, 2025	2025 (Q1)	0.42 / 0.40	0.522	-23.37% (-0.12)	―	―
Mar 03, 2025	2024 (Q4)	0.51 / 0.48	0.55	-12.73% (-0.07)	―	―
Nov 13, 2024	2024 (Q3)	0.51 / 0.52	0.34	52.94% (+0.18)	―	―
Aug 13, 2024	2024 (Q2)	0.48 / 0.51	0.54	-5.56% (-0.03)	―	―

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

KBDC Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 11, 2025	$15.16	$15.27	+0.73%
May 12, 2025	$15.52	$15.40	-0.77%
Mar 03, 2025	$16.08	$15.52	-3.48%
Nov 13, 2024	$15.21	$15.09	-0.79%

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 Kayne Anderson BDC, Inc. (KBDC) report earnings?

Kayne Anderson BDC, Inc. (KBDC) is schdueled to report earning on Nov 12, 2025, After Close (Confirmed).

What is Kayne Anderson BDC, Inc. (KBDC) earnings time?

Kayne Anderson BDC, Inc. (KBDC) earnings time is at Nov 12, 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 KBDC EPS forecast?

KBDC EPS forecast for the fiscal quarter 2025 (Q3) is 0.39.

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