NYSE$FSK

FS KKR Capital Corp · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

FS KKR reported financial results for the second quarter of 2022, declared a third quarter distribution of $0.67 per share, and increased the base distribution to $0.61 per share.

FS KKR Capital Corp. announced strong second-quarter results with an adjusted net investment income per share of $0.67, exceeding public guidance. The company declared a total third-quarter distribution of $0.67 per share, including an increased base distribution of $0.61 per share. The Federal Reserve's recent interest rate increases are expected to positively impact net investment income.

  • Net investment income was $0.71 per share.
  • Adjusted net investment income was $0.67 per share.
  • Net asset value was $26.41 per share.
  • The company declared a total third quarter distribution of $0.67 per share.

Headline financials

Total Revenue

$379M

Previous: $206M+84.0%
EPS (adj)

$0.67

Previous: $0.74-9.5%
Net Income

-$73M

Previous: $865M-108.4%
Cash & Equivalents

$269M

Previous: $485M-44.5%
Total Assets

$17.2B

Previous: $15.7B+9.3%

Revenue & EPS history

FS KKR · Revenue · Quarterly

$379M

Q2 2022+84%vs Q2 2021
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Forward guidance

FSK expects the Federal Reserve’s recent interest rate increases will have a positive effect on our net investment income as approximately 87% of our debt investments are floating rate structures.

Tailwinds

  • Expected positive impact on net investment income from Federal Reserve's interest rate increases.
  • Approximately 87% of debt investments are floating rate structures.
  • Increased quarterly base distribution of $0.61 per share.
  • Total quarterly distribution of $0.67 per share.
  • FSK delivered another strong quarter of results.

Headwinds

  • Changes in the economy.
  • Risks associated with possible disruption in FSK’s operations or the economy generally due to terrorism, geo-political risks, natural disasters or pandemics such as COVID-19.
  • Future changes in laws or regulations and conditions in FSK’s operating area and the price at which shares of FSK’s common stock trade on the New York Stock Exchange.
  • The inherent uncertainties in predicting future results and conditions.
  • Total net realized and unrealized loss of $0.96 per share

Historical earnings impact

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

Avg. return before/after earnings

Based on 18 quarterly earnings reports · overlaid with Q2 2022

Historical avgQ2 2022

+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
Q2 2025———
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———

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro