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 9 of 14 quarters(64%)
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 19 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
Q1 2026-0.7%+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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