Main Street Capital (MAIN)
NYSE:MAIN
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Earnings Data
Report Date
Jul 30, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.94Last Year’s EPS
0.99Same Quarter Last Year
Moderate Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized multiple positive operational and capital-strength developments: record NAV, substantial lower middle market and private loan portfolio growth, realized gains and dividend increases, and strong liquidity and capital-raising activity. Offsetting items included a net fair value depreciation of $32.6M (concentrated in private loans and asset management), declines in dividend income and a modest decrease in DNII per share, plus higher operating expenses and some nonaccruals. Overall, the positive items — particularly portfolio growth, record NAV, realized gains, dividend actions and robust liquidity — outweigh the identified headwinds.Company Guidance
Record NAV Per Share
NAV per share reached a record $33.46, up $1.43 or 4.5% year-over-year and up $0.13 quarter-over-quarter, driven by equity issuances and net fair value increases in the lower middle market portfolio.
Strong Lower Middle Market Investment Activity
Net increase in lower middle market investments of $157 million in Q1 2026 (total lower middle market investments ~ $206M including $105M in 3 new companies); lower middle market fair value $3.2B, 25% above related cost basis.
Private Loan Portfolio Growth
Private loan portfolio net increased by $37 million in the quarter (completed $149M in total private loan investments) and fair value of private loan portfolio was $2.0B.
Revenue and Fee Momentum
Total investment income was $140.1 million, up $3.1 million or 2.2% versus Q1 2025. Interest income increased by $7.3 million year-over-year and fee income increased by $3.6 million year-over-year.
Realized Gains and Exits
Recognized $18 million of net realized gains in the quarter and completed an exit of KBK Industries resulting in a material realized gain plus significant dividends over the life of the investment.
Dividend Actions and Shareholder Distributions
Board declared a supplemental dividend of $0.30 per share payable in June (19th consecutive quarterly supplemental) and increased regular monthly dividends for Q3 2026 to $0.265 per share (3.9% increase vs Q3 2025). Trailing 12-month supplemental dividends total $1.20 per share (39% in excess of regular monthly dividends).
Capital Raising and Liquidity Strength
Raised $134.1M net proceeds via ATM equity, issued $200M unsecured notes (Mar 2029 at ~6.2%) and $150M private placement notes (Apr 2031 at 6.93%), expanded corporate facility by $30M to $1.175B; entered Q2 with ~ $1.4B of cash and unused facility capacity.
Diversified Portfolio and Low Concentration
Portfolio comprised investments in 189 companies; largest portfolio companies represented 4.5% of trailing 12-month investment income and 3.4% of fair value, and total portfolio at fair value was 115% of cost basis.
MAIN 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
MAIN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 07, 2026 | $56.34 | $54.01 | -4.14% |
Feb 26, 2026 | $56.98 | $55.71 | -2.22% |
Nov 06, 2025 | $54.82 | $56.56 | +3.17% |
Aug 13, 2025 | $63.98 | $63.61 | -0.58% |
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 Main Street Capital (MAIN) report earnings?
Main Street Capital (MAIN) is schdueled to report earning on Jul 30, 2026, After Close (Confirmed).
What is Main Street Capital (MAIN) earnings time?
Main Street Capital (MAIN) earnings time is at Jul 30, 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 MAIN EPS forecast?
MAIN EPS forecast for the fiscal quarter 2026 (Q2) is 0.94.