Kayne Anderson BDC, Inc. (KBDC)
NYSE:KBDC
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Earnings Data
Report Date
Aug 18, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.4Last Year’s EPS
0.4Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call reflects a balanced tone: solid core operating results and defensive portfolio positioning (dividend coverage at 108%, 10.6% annualized ROE, strong liquidity, disciplined originations and accretive share repurchases) counterbalanced by modest portfolio stress (nonaccruals rising to 2.5%), net realized and unrealized losses that drove a $0.09 NAV decline, and some yield compression. Management emphasized discipline, ample liquidity, and selective deployment as offsets to market uncertainty.Company Guidance
Net Investment Income and Dividend Coverage
Net investment income of $0.43 per share in Q1 2026, covering the $0.40 quarterly dividend at 108% (slight decline from $0.44 in Q4). Board declared $0.40 regular quarterly dividend and reiterated confidence in sustaining the dividend throughout 2026.
Strong Return on Equity
Annualized return on equity for the quarter of 10.6%, underscoring the effectiveness of the value-lending strategy.
Robust Liquidity and Conservative Leverage
Total liquidity of $569.7 million (cash $32.7M + $537M undrawn debt capacity) and debt-to-equity ratio of 1.05x, comfortably inside the 1.0x–1.25x target range.
High-Quality, Defensive Portfolio Positioning
93% of investments are first-lien; minimal exposure to software/technology at ~2%; weighted average borrower leverage ~4.4x (portfolio excluding watch/opportunistic); portfolio diversified across 105 companies with top 10 = 20% of fair value.
Attractive New Origination Economics
New private credit commitments of $93 million in Q1; new floating rate loans averaged 549 basis points over SOFR, 20 bps wider than Q4; total fundings $99.1M and net funded activity $7.1M.
Share Repurchases and NAV Accretion
Repurchased $21.4 million of shares at an average price equal to 86% of NAV under a $100M repurchase program (program extended and renewed), contributing $0.05 per share of NAV accretion in Q1.
Yield Profile and Floating Rate Match
Weighted average yield on portfolio of ~10.1% (10.1% on fair value, excluding nonaccruals), with ~95% of debt investments floating rate matched by predominantly floating rate liabilities.
Reduced Operating Expenses
Total expenses decreased to $28.4 million in Q1 from $31.8 million in prior quarter, driven by lower reference rates on borrowings, lower average borrowings, and reduced incentive fees.
KBDC 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
KBDC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 11, 2026 | $14.60 | $15.15 | +3.77% |
Mar 02, 2026 | $13.27 | $13.44 | +1.24% |
Nov 10, 2025 | $13.52 | $13.93 | +3.07% |
Aug 11, 2025 | $13.90 | $14.00 | +0.72% |
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 Aug 18, 2026, After Close (Confirmed).
What is Kayne Anderson BDC, Inc. (KBDC) earnings time?
Kayne Anderson BDC, Inc. (KBDC) earnings time is at Aug 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 KBDC EPS forecast?
KBDC EPS forecast for the fiscal quarter 2026 (Q2) is 0.4.