KKR Posts $1.21B in Q2 Fee-Related Earnings, $1.32/Share
KKR sits 24% above its 52-week low of $82.67.
Summary
KKR reported Q2 fee-related earnings of $1.21 billion, or $1.32 per adjusted share, continuing the strong momentum from Q1's 39% revenue surge. The result underscores the firm's ability to generate robust fee income amid an active deal environment, including the recently finalized £5.75 billion DCC Energy acquisition and the $4.2 billion EDF Power Solutions deal. With assets under management growing and a buyback program in place, the earnings reinforce the positive trajectory. The market will look for further details on deployment of the active S-3ASR shelf and any updates on the DCC integration.
Updates
· SEC 8-K — KKR reported Q2 total operating earnings of $1.5 billion, adjusted net income of $1.5 billion, and AUM of $796 billion.
At the time of this announcement, KKR was trading at $102.51 on NYSE in the Finance sector, with a market capitalization of approximately $89.1B. The 52-week trading range was $82.67 to $153.87. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.