NYSE$MAIN

Main Street Capital Corp. · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Main Street announced strong second quarter results, including record net investment income per share. The company's adjusted distributable net investment income per share exceeded regular monthly dividends. A second monthly dividend increase in 2022 and a supplemental dividend were approved.

Main Street Capital Corporation announced its financial results for the second quarter of 2022, featuring a net investment income of $0.75 per share, distributable net investment income of $0.80 per share, and adjusted distributable net investment income of $0.78 per share. The company's net asset value was $25.37 per share as of June 30, 2022.

  • Net investment income of $54.7 million (or $0.75 per share)
  • Distributable net investment income of $58.3 million (or $0.80 per share)
  • Adjusted distributable net investment income of $57.1 million (or $0.78 per share)
  • Total investment income of $85.2 million

Headline financials

Total Revenue

$85.2M

Previous: $67.3M+26.6%
EPS (adj)

$0.78

Previous: $0.62+25.8%
Return on Equity

25.4%

Previous: 24.2%+4.8%
Net Income

$54.7M

Previous: $42.4M+29.0%
Cash & Equivalents

$43.4M

Previous: $58.8M-26.2%
Stock-Based Comp

$3.6M

No prior period

Revenue & EPS history

Main Street Capital · Revenue · Quarterly

$85.2M

Q2 2022+26.6%vs Q2 2021
Beat estimate in 2 of 14 quarters(14%)
ActualEstimate

Revenue by segment

Main Street Capital · $123M total across 3 segments · Q3 2023

  • Interest Income
    $99.4M+32.5%
  • Dividend Income
    $21.2M+9.1%
  • Fee Income
    $2.66M-32.4%

Forward guidance

Company recommended an increase to regular monthly dividends to $0.22 per share and a supplemental dividend of $0.10 per share.

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 Q2 2022

Historical avgQ2 2022

+0.8%

Avg return

Earnings day

+0.9%

Avg return

5 days after

+0.1%

Avg return

30 days after

66%

42 / 64 earnings

Positive

+8.1%

Q1 2010

Best reaction

-9.4%

Q2 2011

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-4.4%-10.0%-8.4%
Q4 2025-2.2%+1.4%-11.3%
Q3 2025+2.9%+3.5%+6.3%
Q1 2025-0.2%+0.3%+8.4%
Q4 2024+3.2%-1.5%-3.9%
Q3 2024+0.6%+1.4%+7.3%
Q2 2024-0.7%-1.1%-0.6%
Q1 2024-2.4%-1.6%-3.7%
Q4 2023+1.0%+2.7%+2.5%
Q3 2023+3.5%+2.2%+6.1%
Q2 2023-0.2%-1.7%-4.3%
Q1 2023-0.7%-0.4%-0.7%
Q4 2022+3.0%+6.7%-1.3%
Q3 2022+4.6%+4.7%+2.0%
Q2 2022+1.2%-0.9%-9.7%
Q1 2022-1.5%-5.5%-8.6%
Q4 2021+2.7%+2.0%+0.3%
Q3 2021+4.0%+4.4%+0.4%
Q2 2021+0.8%+2.3%+0.5%
Q1 2021-1.0%-3.6%-2.2%
Q4 2020-0.7%-0.6%+6.3%
Q3 2020+0.0%+8.3%+12.8%
Q2 2020+3.2%+4.8%-4.0%
Q1 2020+4.0%+6.5%+32.5%
Q4 2019-8.0%-5.0%-41.2%
Q3 2019-3.5%-2.3%-1.4%
Q2 2019-0.0%+1.8%+3.7%
Q1 2019+2.2%+2.2%+2.6%
Q4 2018-1.8%-4.1%-4.9%
Q3 2018-0.4%+4.6%+2.5%
Q2 2018+2.1%+2.8%+1.9%
Q1 2018+2.5%+3.1%+2.2%
Q4 2017+0.5%+0.1%+2.3%
Q3 2017+2.2%+3.4%+0.1%
Q2 2017-0.4%+2.1%+0.2%
Q1 2017+0.7%-0.3%-3.7%
Q4 2016+0.2%-1.1%-0.6%
Q3 2016+1.0%+4.1%+10.5%
Q2 2016+1.7%+1.1%+1.8%
Q1 2016+1.0%
Q4 2015+3.3%
Q3 2015-1.3%
Q2 2015-2.4%
Q1 2015+1.1%
Q4 2014+0.1%
Q3 2014+2.2%
Q2 2014+2.9%
Q1 2014-2.6%
Q4 2013-0.7%
Q3 2013+1.0%
Q2 2013+0.9%
Q1 2013+2.6%
Q4 2012+2.9%
Q3 2012+2.4%
Q2 2012+1.7%
Q1 2012+0.7%
Q4 2011+1.5%
Q3 2011+0.9%
Q2 2011-9.4%
Q1 2011+4.3%
Q4 2010+2.3%
Q3 2010+5.1%
Q2 2010+2.1%
Q1 2010+8.1%

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