NYSE$KKR

KKR & Co LP · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

KKR reported strong Q4 2020 results, driven by solid investment performance and active fundraising and deployment.

KKR & Co. Inc. reported a strong fourth quarter in 2020, with after-tax Distributable Earnings Per Adjusted Share of $0.49, up 11% compared to the same period in 2019. The company's Assets Under Management and Fee Paying Assets Under Management reached $252 billion and $186 billion, respectively, representing year-over-year increases of 15% and 16%.

  • After-tax Distributable Earnings Per Adjusted Share increased by 11% compared to Q4 2019.
  • Distributable operating earnings was up 18% compared to the equivalent period in 2019.
  • Assets Under Management and Fee Paying Assets Under Management increased by 15% and 16%, respectively, year-over-year.
  • KKR completed the acquisition of Global Atlantic Financial Group Limited on February 1, 2021, which would bring pro forma AUM and FPAUM to approximately $342 billion and $276 billion, respectively.

Headline financials

Total Revenue

$1.07B

Previous: $962M+11.0%
EPS (adj)

$0.49

Previous: $0.44+11.4%
Net Income

$1.48B

Previous: $1.31B+12.6%
Operating Income

$2.91B

Previous: $1.46B+99.7%

Revenue & EPS history

KKR · Revenue · Quarterly

$1.07B

Q4 2020+11%vs Q4 2019
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Forward guidance

Beginning with any dividends to be announced with the results for the quarter ending March 31, 2021, KKR expects to pay its common stockholders an annualized dividend of $0.58 per share of common stock, equal to a quarterly dividend of $0.145 per share of common stock.

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 Q4 2020

Historical avgQ4 2020

+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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