NYSE$FSK

FS KKR Capital Corp · Q3 2023 earnings

Q3 2023 earnings · · Investor relations

Briefing

FS KKR's financial performance for Q3 2023 was announced, featuring a distribution declaration for Q4 2023 and additional special distributions.

FS KKR Capital Corp. reported a net investment income of $0.84 per share and adjusted net investment income of $0.80 per share for the quarter ended September 30, 2023. The company's board declared a fourth quarter distribution of $0.70 per share, along with additional special distributions totaling $0.10 per share to be paid in 2024.

  • Net investment income was $0.84 per share, compared to $0.82 per share for the quarter ended June 30, 2023.
  • Adjusted net investment income was $0.80 per share, compared to $0.78 per share for the quarter ended June 30, 2023.
  • Net asset value was $24.89 per share, consistent with December 31, 2022.
  • The board declared a fourth quarter distribution of $0.70 per share and additional special distributions totaling $0.10 per share to be paid in 2024.

Headline financials

Total Revenue

$465M

Previous: $411M+13.1%
EPS (adj)

$0.80

Previous: $0.73+9.6%
Capital Expenditures

$0.00

No prior period
Free Cash Flow

$71M

No prior period
Net Income

$265M

Previous: -$127M+308.7%
Operating Income

$234M

No prior period
Cash & Equivalents

$176M

Previous: $266M-33.8%
Total Assets

$15.4B

Previous: $16.7B-8.0%

Revenue & EPS history

FS KKR · Revenue · Quarterly

$465M

Q3 2023+13.1%vs Q3 2022
Beat estimate in 9 of 14 quarters(64%)
ActualEstimate

Forward guidance

FS KKR anticipates continuing to deliver strong stockholder returns, supported by a strong balance sheet, high-quality investment portfolio, and positive earnings outlook.

Tailwinds

  • FS KKR expects to reward stockholders with an attractive $0.75 per share total distribution in the fourth quarter.
  • The company anticipates providing stockholders with a continuation of special distributions during the first half of 2024.
  • FS KKR believes the strength of its balance sheet will support future performance.
  • The company has a high-quality investment portfolio.
  • FS KKR has a positive earnings outlook.

Headwinds

  • Forward-looking statements are subject to inherent uncertainties.
  • Actual results could differ materially from projections due to economic changes.
  • 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 could impact results.
  • Conditions in FSK’s operating area and the price at which shares of FSK’s common stock trade on the New York Stock Exchange could impact results.

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 Q3 2023

Historical avgQ3 2023

+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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