Ares Capital Posts $0.46 Core EPS, Holds $0.48 Dividend, Unveils MFIC Deal
ARCC is trading near its 52-week low of $17.4 (6.4% above the low).
Summary
Ares Capital reported Q3 2026 core EPS of $0.46, down from $0.50 a year earlier, and GAAP net income of $0.44 per share versus $0.57. Net investment income slipped to $328 million from $338 million, while net realized losses of $52 million replaced last year's $162 million gain. NAV per share fell to $19.31 from $19.94 at year-end 2025, and non-accruals ticked up to 2.4% of investments at amortized cost from 1.8%. The board kept the quarterly dividend at $0.48, payable December 29 to holders of record December 15. After measured Q3 originations, the company signaled a surge in transactions for Q4. Separately, the company disclosed an October 26 definitive agreement to acquire MidCap Financial for $2.6B in cash and stock, a transaction that would extend Ares Capital's scale in direct lending; the 8-K filed today carries the terms, and MFICL rallied 15%. Ares Management (ARES) is the external manager of ARCC and is affected mainly through the manager relationship rather than directly. The 12:00 p.m. ET call today is the next scheduled checkpoint on credit trends and the MFIC transaction.
At the time of this announcement, ARCC was trading at $18.52 on NASDAQ in the Finance sector, with a market capitalization of approximately $13.4B. The 52-week trading range was $17.40 to $21.14. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: PR Newswire.