NYSE$FSK

FS KKR Capital Corp · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Announced second quarter 2020 results and declared distribution for third quarter.

FS KKR Capital Corp. announced its financial and operating results for the quarter ended June 30, 2020, with a net investment income of $0.62 per share, fully covering the $0.60 per share dividend.

  • FS KKR Capital Corp. announced its financial and operating results for the quarter ended June 30, 2020.
  • The board of directors has declared a cash distribution for the third quarter of $0.60 per share.
  • Net investment income of $0.62 per share fully covered the $0.60 per share dividend.
  • The investment team continued working closely with portfolio company management teams and financial sponsors to provide support during the COVID-19 pandemic.

Headline financials

Total Revenue

$150M

Previous: $199M-24.6%
EPS (adj)

$0.62

Previous: $0.76-18.4%

Revenue & EPS history

FS KKR · Revenue · Quarterly

$150M

Q2 2020-24.6%vs Q2 2019
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Forward guidance

FS KKR anticipates a subdued new investment environment as financial sponsors are being cautious with regard to M&A activity but believes they are well positioned to capture new investments.

Tailwinds

  • Deep relationships
  • Strong platform
  • Well positioned to capture more than our fair share of new investments
  • Optimistic about the continuing transition of our investment portfolio
  • Net investment income covered dividend

Headwinds

  • Still subdued new investment environment
  • Financial sponsors are being cautious with regard to M&A activity
  • Uncertainties in predicting future results and conditions
  • Risks associated with possible disruption in FSK’s operations or the economy generally due to terrorism, natural disasters or pandemics such as COVID-19
  • Future changes in laws or regulations and conditions in FSK’s operating area

Historical earnings impact

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

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q2 2020

Historical avgQ2 2020

+0.1%

Avg return

Earnings day

+0.5%

Avg return

5 days after

-0.1%

Avg return

30 days after

58%

28 / 48 earnings

Positive

+9.3%

Q3 2020

Best reaction

-15.2%

Q4 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.7%+1.4%+1.4%
Q4 2025-15.2%-17.8%-25.6%
Q3 2025+3.6%+4.7%+4.5%
Q1 2025+2.8%+6.9%+9.5%
Q4 2024-0.6%-0.5%-8.3%
Q3 2024+3.2%+3.9%+6.2%
Q2 2024+1.9%+2.2%+8.0%
Q1 2024+2.4%+3.0%+6.3%
Q4 2023-7.0%-5.7%-6.3%
Q3 2023+0.2%+0.1%+0.9%
Q2 2023+0.8%-0.2%+0.5%
Q1 2023+8.1%+8.3%+11.1%
Q4 2022+1.0%+2.2%-6.1%
Q3 2022-1.7%+1.0%-4.1%
Q2 2022-0.0%+2.0%-4.3%
Q1 2022+2.9%+1.6%+2.9%
Q4 2021+2.0%+6.6%+4.1%
Q3 2021+0.3%+0.9%-0.6%
Q2 2021+5.7%+7.5%+7.4%
Q1 2021+0.4%+1.4%+10.0%
Q4 2020+2.6%+1.7%+3.3%
Q3 2020+9.3%+8.9%+23.3%
Q2 2020-2.5%-1.9%-2.7%
Q1 2020-0.3%+0.6%+23.3%
Q4 2019-10.9%-7.1%-46.4%
Q3 2019+2.3%+3.1%+9.6%
Q2 2019+5.4%+3.9%+5.0%
Q1 2019-1.4%-2.9%-4.3%
Q4 2018-0.6%-1.2%-7.4%
Q3 2018-0.9%-4.4%-9.0%
Q2 2018-8.0%-8.0%-8.6%
Q1 2018+0.6%+1.3%+0.6%
Q4 2017+2.1%+4.2%+2.1%
Q3 2017+3.8%+3.2%-1.3%
Q2 2017-6.1%-5.0%-7.8%
Q1 2017-1.0%-2.6%-2.6%
Q4 2016-3.7%-9.3%-8.8%
Q3 2016+3.7%+4.8%+9.1%
Q2 2016-0.1%+0.4%+3.2%
Q1 2016+0.2%
Q4 2015+1.8%
Q3 2015-3.7%
Q2 2015+1.7%
Q1 2015+0.5%
Q4 2014-0.4%
Q3 2014+0.4%
Q2 2014-1.2%
Q1 2014+0.1%
Q4 2013
Q3 2013
Q2 2013
Q1 2013
Q4 2012
Q3 2012
Q2 2012
Q1 2012
Q4 2011
Q3 2011
Q2 2011
Q1 2011
Q4 2010
Q3 2010
Q2 2010
Q1 2010

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