The earnings call presented a balance between positive growth in investment income and portfolio performance against slight declines in NAV and market concerns. The strategic repositioning and strong fundamentals indicate resilience.

Company Guidance

In the third quarter of 2025, Kayne Anderson BDC, Inc. reported strong financial performance with a net investment income of $0.43 per share, up $0.03 from the previous quarter, reflecting a 10.5% annualized return on equity. The company's net income remained stable at $0.35 per share, and it distributed a regular dividend of $0.40 per share, achieving a dividend coverage ratio of 108%. The net asset value (NAV) slightly decreased to $16.34 per share. The portfolio saw $296 million in gross new private credit investments, with $274 million funded, marking a 48% increase over Q3 2024. The average spread on new floating rate loans was 568 basis points over SOFR, a 28 basis point improvement from Q2. The debt-to-equity ratio rose to 1.01x, with a long-term target range of 1x to 1.25x. Additionally, the company closed a $200 million offering of senior unsecured notes to diversify funding sources. Kayne Anderson BDC's nonaccrual rate improved to 1.4% from 1.6% of fair value, with continued emphasis on quality, senior secured, and diversified investments.

Growth in Portfolio and Net Investment Income

Net investment income rose $0.03 per share to $0.43 per share, representing a 10.5% annualized return on equity. Gross new private credit investments amounted to $296 million, a 48% increase over Q3 2024 fundings.

Strong Dividend Coverage

Distributed a $0.40 per share regular dividend, resulting in a dividend coverage ratio of 108%. Undistributed net investment income was approximately $0.16 per share.

Decrease in Nonaccrual Rate

Nonaccrual rate dropped from 1.6% of fair value to 1.4%, remaining well below historical averages for the sector.

Successful Portfolio Repositioning

Sold $113 million of BSL positions, with a plan to wind down the remaining $67 million, aiming to redeploy into higher-yielding private credit opportunities.

Strong Private Placement Market Activity

Closed a $200 million privately placed offering of unsecured notes, significantly oversubscribed, indicating strong investor confidence.

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
Mar 09, 2026	2025 (Q4)	0.40 / -	0.48	―	―	―
Nov 10, 2025	2025 (Q3)	0.40 / 0.43	0.52	-17.31% (-0.09)	―	―
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
Nov 10, 2025	$14.31	$14.75	+3.07%
Aug 11, 2025	$14.71	$14.82	+0.75%
May 12, 2025	$15.07	$14.94	-0.86%
Mar 03, 2025	$15.61	$15.07	-3.46%

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 Mar 09, 2026, After Close (Confirmed).

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

Kayne Anderson BDC, Inc. (KBDC) earnings time is at Mar 09, 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 2025 (Q4) is 0.4.

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