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Sound Point Meridian Capital, Inc. (SPMC) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Aug 18, 2026

Before Open (Confirmed)

Period Ending

2027 (Q1)

Consensus EPS Forecast

0.33

Last Year’s EPS

0.53

Same Quarter Last Year

Analyst Consensus

Moderate Buy

Based on 2 Analysts Ratings

Earnings Call Summary

Q4 2026

Earnings Call Date:May 27, 2026|

% Change Since:

Earnings Call Sentiment|Negative

The call highlighted active, constructive portfolio management actions (re-underwrites, secondary purchases with attractive yields, refinancings that saved 34 bps, and a post-quarter NAV rebound of ~9.8%) and a well-diversified CLO equity portfolio across many managers and loans. However, these positives were overshadowed by material mark-to-market losses: a ~31.3% QoQ NAV decline to $9.63, an unrealized loss of $77.6M, a GAAP net loss of $74.7M, NII that does not cover distributions, compressed WA GAAP yields (11.0% to 9.1%), and constrained liquidity. Market-wide credit weakness (issuance down ~32%, B-spread widening ~100 bps, LSTA index -55 bps YTD) further pressured valuations. While management’s repositioning and early April/May recovery are constructive, the magnitude of the quarter’s losses and coverage shortfall indicate the challenges outweigh the positives in this period.

Company Guidance

Management reiterated calendar‑2026 monthly distributions of $0.20 per share (unchanged from the prior guidance) and said it will continue to evaluate distribution levels and reassess its distribution strategy over the coming months as earnings, market conditions and portfolio positioning evolve; they also signaled they will pursue refinancing optionality as liability costs have tightened (liability cost widened to ~$1.68 at 3/31 from ~$1.55 in Dec and have since reverted toward ~$1.55, with two refinancings this quarter saving ~34 bps). Key metrics cited in support of that guidance: Q4 net investment income was $7.0M ($0.34/sh), GAAP net loss was $74.7M (‑$3.63/sh) driven by $4.1M realized and $77.6M unrealized losses, NAV was $9.63 at 3/31 (down from $14.02 at 12/31/25) and estimated $10.57 at 4/30, total assets $375M, net assets $199M, investment fair value $368M, cash ~$5.8M, leverage 46.8% of assets, CLO equity Wtd. avg. GAAP 9.1% (vs 11% prior), portfolio spans 98 CLOs / 29 managers / >1.5k loans across >30 industries, recent activity included $4.5M new‑issue (10.65% GAAP), $7.4M secondary buys (31.37% avg yield), $8.4M sales (7% avg yield) and $14.9M in redemptions; outlook remains contingent on loan market stabilization (Q1 US institutional loan issuance ~$241B, ~‑32% YoY; CLO issuance cited at ~$47M; B‑rated spreads widened ~100 bps; LSTA YTD return ‑55 bps).

Net Investment Income and Per-Share Earnings

Generated net investment income (NII) of $7.0 million, or $0.34 per share for the quarter ended 03/31/2026.

Active Portfolio Repositioning and Diversifying Actions

Purchased 1 new-issue CLO equity ($4.5M, WA GAAP yield 10.65%) and 3 secondary CLO equity investments ($7.4M, weighted average yield 31.37%); sold 2 equity investments generating $8.4M in proceeds; redeemed 2 CLOs generating $14.9M. Management executed re-underwrites and rebalanced positions across 98 CLOs managed by 29 managers, providing exposure to ~1,500 underlying loans across 30+ industries.

Liability Cost Improvements and Refinancing Savings

Refinanced liabilities on 2 CLO equity investments producing a weighted average debt cost saving of 34 basis points. Liability costs tightened from ~$1.68 at quarter end back to ~$1.55 by April/May, restoring refinancing optionality.

NAV Recovery Post-Quarter-End

Estimated NAV per common share increased to $10.57 as of 04/30/2026 from $9.63 at 03/31/2026, an increase of approximately 9.8% month-over-month.

Risk Management: Reduced AI/Software Tail Exposure

Completed a thorough re-underwrite of ~54 names (~12–13% look-through exposure to AI/software-related credits), identifying stronger credits to retain and reducing exposure to names deemed to have elevated tail risk.

Maintained Distributions with Ongoing Review

Declared monthly distributions of $0.20 per share for calendar 2026 (unchanged from prior announcement). Earlier in the quarter paid distributions totaling $0.75 per share; company will continue to evaluate distribution levels as market conditions evolve.

Sound Point Meridian Capital, Inc. (SPMC) 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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SPMC Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 18, 2026	2027 (Q1)	0.33 / -	0.53	―	―	―
May 27, 2026	2026 (Q4)	0.52 / 0.34	0.66	-48.48% (-0.32)	―	―
Feb 11, 2026	2026 (Q3)	0.63 / 0.44	0.62	-29.03% (-0.18)	―	―
Aug 12, 2025	2026 (Q1)	0.54 / 0.53	0.08	562.50% (+0.45)	―	―
Aug 12, 2025	2026 (Q2)	0.56 / 0.54	0.86	-37.21% (-0.32)	―	―
May 29, 2025	2025 (Q4)	0.60 / 0.66	―	―	―	―
Feb 12, 2025	2025 (Q3)	0.51 / 0.62	―	―	―	―
Nov 13, 2024	2025 (Q2)	0.65 / 0.86	―	―	―	―
Aug 15, 2024	2024 (Q2)	- / 0.08	―	―	―	―

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

SPMC Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 27, 2026	$10.77	$10.77	0.00%
Feb 11, 2026	$11.58	$10.36	-10.58%
Aug 12, 2025	$15.04	$14.98	-0.44%
Aug 12, 2025	$15.04	$14.98	-0.44%

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 Sound Point Meridian Capital, Inc. (SPMC) report earnings?

Sound Point Meridian Capital, Inc. (SPMC) is schdueled to report earning on Aug 18, 2026, Before Open (Confirmed).

What is Sound Point Meridian Capital, Inc. (SPMC) earnings time?

Sound Point Meridian Capital, Inc. (SPMC) earnings time is at Aug 18, 2026, Before Open (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 SPMC EPS forecast?

SPMC EPS forecast for the fiscal quarter 2027 (Q1) is 0.33.