Q3 2025 FS KKR Capital Corp Earnings Call Transcript
Key Points
- FS KKR Capital Corp (FSK) reported a net investment income of $0.57 per share, aligning with their public guidance.
- The company's net asset value increased to $21.99 per share from $21.93 in the previous quarter.
- FS KKR Capital Corp (FSK) announced a fourth-quarter distribution totaling $0.70 per share, including a base and supplemental distribution.
- The company originated approximately $1.1 billion of new investments during the third quarter, indicating strong investment activity.
- FS KKR Capital Corp (FSK) has a robust liquidity position with $3.7 billion in available liquidity, supporting future investment opportunities.
- Total investment income decreased by $25 million compared to the second quarter, primarily due to lower interest and dividend income.
- The weighted average yield on accruing debt investments decreased by 10 basis points to 10.5% as of September 30th.
- FS KKR Capital Corp (FSK) anticipates a decline in net investment income in the fourth quarter, projecting $0.51 per share.
- The company faces ongoing risks related to US government and tariff-related exposures, which could impact future performance.
- FS KKR Capital Corp (FSK) has a non-accrual rate of 5% on a cost basis, indicating some challenges with certain investments.
Good morning ladies and gentlemen. Welcome to the FSKKR Capital Corp's 3rd quarter 2025 earnings conference call. Your lines will be in a listen-only mode during remarks by FS Case Management. At the conclusion of the company's remarks, we will begin the question-and-answer session, at which time I will give you instructions on entering the queue. Please note that this conference is being recorded. At this time, Anna Kleinhen, head of investor relations, will proceed with the introduction. Ms. Kleinhen, you may begin.
Thank you. Good morning and welcome to FSKKR Capital Corp's 3rd quarter 2025 earnings conference call.
Please note that FSKKR Capital Corp may be referred to as FSK, the fund, or the company throughout the call.
Today's conference call is being recorded, and an audio replay of the call will be available for 30 days.
Replay information is included in a press release that FSK issued yesterday.
In addition, FSK has posted on its website a
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