1. FS KKR Capital Corp. declared a $0.70 distribution per share for Q3 2025. 2. Net investment income fell from $0.67 to $0.62 per share quarterly. 3. Net asset value dropped to $21.93 per share, down from $23.37. 4. Total net realized and unrealized loss increased to $1.36 per share. 5. The company aims to grow its investment portfolio despite ongoing challenges.
Decreased earnings per share and net asset value could deter investors. Historical downturns often follow similar financial declines.
Declining earnings, net asset value, and increased losses may lead to investor uncertainty, impacting stock prices.
The immediate impact will likely affect stock prices soon after the announcement, as investors react to the news.
PHILADELPHIA and NEW YORK, Aug. 6, 2025 /PRNewswire/ -- FS KKR Capital Corp. (NYSE: FSK), or the Company, today announced its financial and operating results for the quarter ended June 30, 2025, and that its board of directors has declared a third quarter 2025 distribution of $0.70 per share.
"During the second quarter FSK generated $0.60 per share of Adjusted Net Investment Income. Our operating results and corresponding net asset value were impacted by company specific issues affecting four portfolio companies, each of which have been discussed on prior earnings calls," said Michael C. Forman, Chief Executive Officer and Chairman. "During the quarter we originated approximately $1.4 billion of new investments, the vast majority of which were first lien structures. Also, in July we closed an amendment to our Senior Secured Revolving Credit Facility whereby the facility size was increased to $4.7 billion, the maturity date was extended until July of 2030, and the borrowing rate was reduced by 10 basis points. As a result, despite the four assets which impacted our quarterly results, we remain focused on growing our investment portfolio and actively managing our capital structure for the future."
On July 31, 2025, FSK's board of directors declared a distribution for the third quarter of $0.70 per share, consisting of a base distribution of $0.64 per share and a supplemental distribution of $0.06 per share, which will be paid on or about October 2, 2025 to stockholders of record as of the close of business on September 17, 2025.
As of June 30, 2025
FSK will host its second quarter 2025 results conference call via live webcast on Thursday, August 7, 2025 at 9:00 a.m. (Eastern Time). All interested parties are welcome to participate and can access the live webcast from the Investor Relations section of FSK's website at www.fskkradvisor.com under Events or through the following URL: https://edge.media-server.com/mmc/p/8i3uqq3q.
Research analysts who wish to participate in the conference call are requested to register a day in advance or at a minimum 15 minutes before the start of the call using the following URL: https://register.vevent.com/register/BI5813a51da8944e1fa5d909f6f4495690. Upon registration, all telephone participants will receive a confirmation email detailing how to join the conference call, including the dial-in number along with a unique PIN number that can be used to access the call.
An investor presentation of financial information will be available by visiting the Investor Relations section of FSK's website at www.fskkradvisor.com, under Presentations, after the market close on Wednesday, August 6, 2025.
A replay of the call will be available beginning shortly after the end of the call by visiting the Investor Relations section of FSK's website, under Events.
FSK is a leading publicly traded business development company (BDC) focused on providing customized credit solutions to private middle market U.S. companies. FSK seeks to invest primarily in the senior secured debt and, to a lesser extent, the subordinated debt of private middle market companies. FSK is advised by FS/KKR Advisor, LLC. For more information, please visit www.fskkradvisor.com.
FS/KKR Advisor, LLC (FS/KKR) is a partnership between Future Standard, formerly FS Investments, and KKR Credit that serves as the investment adviser to FSK and other business development companies.
This announcement may contain certain forward-looking statements, including statements with regard to future events or future performance or operations of FSK. Words such as "believes," "expects," "projects," and "future" or similar expressions are intended to identify forward-looking statements. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions.
Investor Relations Contact: Anna Kleinhenn [email protected]
Future Standard Media Team: Melanie Hemmert [email protected]