NYSE$KKR

KKR & Co LP · Q3 2023 earnings

Q3 2023 earnings · · Investor relations

Briefing

KKR reported results that reflected durability, diversity, and growth, with capital being raised and deployed across all businesses and regions, and a mature global portfolio providing monetization opportunities.

KKR & Co. Inc. reported its third quarter 2023 results, demonstrating durability, diversity and growth in its business. The company is raising and deploying capital across all its businesses and regions and has a mature global portfolio. GAAP Net Income Attributable to KKR & Co. Inc. Common Stockholders was $1.5 billion for the quarter.

  • Fee Related Earnings (“FRE”) of $558 million ($0.63/adj. share) in the quarter, up 3% year-over-year
  • Assets Under Management (“AUM”) of $528 billion, up 6% year-over-year
  • Fee Paying Assets Under Management (“FPAUM”) of $424 billion, up 7% year-over-year
  • New Capital Raised of $14 billion in the quarter

Headline financials

Total Revenue

$1.46B

Previous: $1.67B-12.4%
EPS (adj)

$0.88

Previous: $0.93-5.4%
Net Income

$1.47B

Previous: -$91.6M+1707.1%
Operating Income

$869M

Previous: -$52.2M+1767.2%

Revenue & EPS history

KKR · Revenue · Quarterly

$1.46B

Q3 2023-12.4%vs Q3 2022
Beat estimate in 13 of 15 quarters(87%)
ActualEstimate

Forward guidance

KKR has real momentum and optimism as they look to 2024 and beyond.

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 2023

Historical avgQ3 2023

+0.8%

Avg return

Earnings day

+1.4%

Avg return

5 days after

+1.1%

Avg return

30 days after

60%

39 / 65 earnings

Positive

+9.3%

Q1 2020

Best reaction

-16.6%

Q2 2011

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+4.1%-0.8%-11.0%
Q4 2025-5.3%+2.3%-12.8%
Q3 2025+1.7%+3.2%+8.5%
Q2 2025-2.6%-5.2%-7.3%
Q1 2025+0.2%-0.5%+6.3%
Q4 2024-8.5%-9.0%-28.9%
Q3 2024+1.0%+0.6%+14.5%
Q2 2024-0.2%-11.5%+3.2%
Q1 2024+4.4%+5.6%+10.5%
Q4 2023+7.1%+9.7%+10.8%
Q3 2023+5.1%+7.0%+27.1%
Q2 2023+1.7%+2.9%+2.5%
Q1 2023-4.9%-5.9%+6.2%
Q4 2022+4.0%+3.5%-2.8%
Q3 2022+2.5%+5.6%+8.1%
Q2 2022-4.0%-5.6%-9.7%
Q1 2022+8.3%+1.2%+6.4%
Q4 2021-2.7%-11.3%-24.4%
Q3 2021+7.4%+3.4%-2.8%
Q2 2021+3.9%+6.4%+1.4%
Q1 2021+3.3%+4.4%-1.2%
Q4 2020+4.3%+8.0%+7.0%
Q3 2020+0.7%+6.8%+11.3%
Q2 2020+1.4%+3.1%-0.4%
Q1 2020+9.3%+7.3%+23.4%
Q4 2019+4.4%+9.0%-5.9%
Q3 2019+0.4%+2.6%+3.7%
Q2 2019+0.0%-1.0%-6.7%
Q1 2019-0.7%-0.6%-5.8%
Q4 2018+5.6%+3.5%+0.5%
Q3 2018+3.7%+4.6%+0.2%
Q2 2018-0.3%-1.3%-3.8%
Q1 2018+7.0%+5.4%+4.5%
Q4 2017-4.5%-4.2%+2.3%
Q3 2017-0.8%-2.3%-4.9%
Q2 2017-0.1%+0.8%-4.5%
Q1 2017+6.8%+5.5%+5.1%
Q4 2016-1.1%-2.0%-0.9%
Q3 2016+2.7%+0.2%+7.4%
Q2 2016+5.7%+3.7%+5.5%
Q1 2016-2.8%
Q4 2015+2.0%
Q3 2015-5.2%
Q2 2015+0.1%
Q1 2015+0.1%
Q4 2014-2.8%
Q3 2014+5.3%
Q2 2014-2.1%
Q1 2014+0.3%
Q4 2013+4.1%
Q3 2013+3.2%
Q2 2013-0.8%
Q1 2013+4.3%
Q4 2012+0.6%
Q3 2012-1.0%
Q2 2012+1.2%
Q1 2012-1.6%
Q4 2011-2.9%
Q3 2011-7.2%
Q2 2011-16.6%
Q1 2011-0.4%
Q4 2010-1.0%
Q3 2010-2.2%
Q2 2010+3.5%
Q1 2010+0.4%

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