NASDAQ$ARCC

Ares Capital Corp · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Announced financial results for the third quarter ended September 30, 2024 and declared a fourth quarter 2024 dividend of $0.48 per share.

Ares Capital reported a GAAP net income of $394 million, or $0.62 per share, and a Core EPS of $0.58 for the third quarter of 2024. The company's net asset value per share reached a record high, supported by robust new investment activity and healthy credit performance. A fourth quarter dividend of $0.48 per share was declared.

  • Reported strong third quarter Core EPS.
  • Achieved another record in net asset value per share.
  • Experienced robust new investment activity.
  • Observed healthy credit performance.

Headline financials

Total Revenue

-$25M

Previous: -$23M-8.7%
EPS

$0.62

Previous: $0.59+5.1%
Number of portfolio investments

550

No prior period
Capital Expenditures

$0.00

No prior period
Free Cash Flow

$394M

Previous: $500M-21.2%
Net Income

$394M

Previous: $500M-21.2%
Operating Income

-$133M

Previous: -$116M-14.7%
Gross Profit

-$25M

Previous: -$23M-8.7%
Cash & Equivalents

$486M

Previous: $527M-7.8%
Total Assets

$27.1B

Previous: $22.9B+18.2%

Revenue & EPS history

Ares Capital · Revenue · Quarterly

-$25M

Q3 2024+8.7%vs Q3 2023
Beat estimate in 3 of 15 quarters(20%)
ActualEstimate

Forward guidance

No specific forward guidance was provided in the press release.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2024

Historical avgQ3 2024

+0.2%

Avg return

Earnings day

+0.5%

Avg return

5 days after

+1.3%

Avg return

30 days after

56%

36 / 64 earnings

Positive

+6.5%

Q3 2022

Best reaction

-9.2%

Q2 2011

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.8%+3.4%+1.0%
Q4 2025+0.5%+1.8%-2.0%
Q3 2025+1.1%+0.1%+0.9%
Q1 2025-2.7%-2.1%+3.5%
Q4 2024-3.0%-3.9%-3.4%
Q3 2024-2.0%-3.2%+2.7%
Q2 2024+0.2%-2.9%+0.6%
Q1 2024-0.3%+1.4%+4.7%
Q4 2023+0.4%+1.3%+2.9%
Q3 2023+0.5%-0.8%+5.5%
Q2 2023+1.0%-0.4%-2.1%
Q1 2023-3.5%+0.1%+1.1%
Q4 2022+1.8%+0.7%-5.9%
Q3 2022+6.5%+7.8%+8.3%
Q2 2022+2.7%+0.9%+6.8%
Q1 2022-4.1%-6.6%-10.6%
Q4 2021-2.1%-4.5%-10.5%
Q3 2021+1.2%+0.7%-3.1%
Q2 2021-1.3%-0.5%+0.0%
Q1 2021+0.1%-2.4%-0.7%
Q4 2020-1.2%-0.4%+3.1%
Q3 2020-0.8%-1.3%+19.9%
Q2 2020+2.4%+3.0%-1.4%
Q1 2020+6.4%+9.3%+25.9%
Q4 2019-0.2%-1.0%-23.7%
Q3 2019-1.2%+0.1%+1.1%
Q2 2019+1.9%+1.2%+3.3%
Q1 2019+0.2%+0.4%+0.4%
Q4 2018+2.9%+3.4%+3.0%
Q3 2018+6.0%+6.5%+4.7%
Q2 2018+2.3%+3.1%+3.6%
Q1 2018+1.3%+2.6%+5.7%
Q4 2017+3.2%+2.6%-1.6%
Q3 2017-0.3%+0.9%+1.0%
Q2 2017-0.1%+0.1%-1.6%
Q1 2017-4.8%-5.4%-4.0%
Q4 2016+0.5%+0.5%-1.9%
Q3 2016+0.4%+0.7%+6.1%
Q2 2016+2.8%+2.3%+8.4%
Q1 2016+0.1%
Q4 2015+3.6%
Q3 2015+1.2%
Q2 2015-0.3%
Q1 2015-4.2%
Q4 2014+1.6%
Q3 2014+1.4%
Q2 2014-1.4%
Q1 2014-3.5%
Q4 2013-0.9%
Q3 2013+2.4%
Q2 2013-3.9%
Q1 2013-0.1%
Q4 2012+2.0%
Q3 2012-0.5%
Q2 2012+2.1%
Q1 2012-2.4%
Q4 2011+2.3%
Q3 2011-3.1%
Q2 2011-9.2%
Q1 2011-1.3%
Q4 2010-2.0%
Q3 2010+2.0%
Q2 2010+2.4%
Q1 2010+3.0%

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