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FS KKR Capital Corp. — Third Quarter 2026 Earnings Summary

  • Net investment income rose to $0.46 per share in Q3 2026 from $0.44 per share in Q2 2026, while EPS turned positive at $0.26 compared to a $0.13 loss in the prior quarter; however, total investment income and net investment income declined 21% and 20% respectively year-over-year against 2025 figures.
  • The company executed significant capital returns, declaring a Q4 distribution of $0.44 per share plus a special distribution of $0.20 per share, and repurchased approximately $86 million of common stock during and immediately after the quarter.
  • Management is actively rotating the portfolio to increase first lien exposure, with senior secured loans comprising 58.9% of the portfolio and weighted average yields on accruing debt rising to 10.0% from 9.8% in June.
  • Balance sheet leverage remained stable with a debt-to-equity ratio of 127%, while total debt decreased to $6.3 billion from $7.6 billion at year-end 2025 and net asset value per share dipped slightly to $18.28.
Company
FS KKR CAPITAL CORP
Sector
Financial Services
Industry
Asset Management