Ares Capital Q3 profit falls to $319 million
Key points
- Ares Capital (NASDAQ:ARCC) declared a fourth-quarter dividend of $0.48 per share, payable December 29, 2026, to stockholders of record on December 15.
- Third-quarter GAAP net income fell to $319 million, or $0.44 per share, from $404 million, or $0.57 per share, a year earlier.
- Non-accrual investments rose to 2.4% of investments at amortized cost, while the company ended September with $722 million in cash and approximately $6.9 billion in additional borrowing availability, subject to restrictions.
Ares Capital (NASDAQ:ARCC) declared a fourth-quarter dividend of $0.48 per share as third-quarter GAAP net income fell to $319 million from $404 million a year earlier.
The dividend is payable on December 29, 2026, to stockholders of record on December 15, while quarterly net investment income declined to $328 million from $338 million in the prior-year period.
The company declared the $0.48-per-share dividend alongside its third-quarter financial results, with the payment scheduled for December 29, 2026.
As at September 30, net asset value fell to $19.31 per share from $19.94 at December 31, 2025, while investments on non-accrual status increased to 2.4% of investments at amortized cost from 1.8%.
Quarterly gross commitments declined to $2.109 billion from $3.924 billion a year earlier, and Ares Capital issued $750 million in unsecured notes during the quarter.
The company ended September with $722 million in cash and approximately $6.9 billion in additional borrowing availability, subject to borrowing-base requirements and other restrictions.
Frequently asked questions
More from United States
Coca-Cola revenue skyrockets 7% to $13.4 billion in Q3
UPS Revenue surges to $22.9 billion in third quarter
Hycroft Mining reports $211 million cash and no debt
AllianceBernstein earnings rise 2.3% to $0.88 per unit
Daqo New Energy revenue rebounds to $194.2 million
Smithfield Foods profit falls to $127 million in Q3
