NYSE$KKR

KKR & Co LP · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

KKR reported record Fee Related Earnings and a very active fundraising and deployment for the quarter. The acquisition of the remaining stake of Global Atlantic was closed.

KKR's Q4 2023 results showed strong performance in Fee Related Earnings and fundraising. The acquisition of the remaining stake of Global Atlantic was completed, positioning KKR for future growth.

  • Fee Related Earnings increased by 21% year-over-year.
  • After-tax Distributable Earnings increased by 4% year-over-year.
  • Assets Under Management reached $553 billion, a 10% increase year-over-year.
  • New Capital Raised reached $31 billion during the quarter.

Headline financials

Total Revenue

$1.63B

Previous: $1.48B+10.1%
EPS (adj)

$1.00

Previous: $0.92+8.7%
Capital Expenditures

-$29.2M

No prior period
Free Cash Flow

$2.09B

No prior period
Net Income

$1.04B

Previous: $83.2M+1150.2%

Revenue & EPS history

KKR · Revenue · Quarterly

$1.63B

Q4 2023+10.1%vs Q4 2022
Beat estimate in 13 of 15 quarters(87%)
ActualEstimate

Forward guidance

KKR intends to increase its regular annualized dividend per share of common stock from $0.66 to $0.70.

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 2023

Historical avgQ4 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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