Ares Capital's second quarter 2026 Core EPS met estimates, though Net Asset Value declined amid higher non-accruals.

Ares Capital reported second quarter 2026 total investment income of $768 million, Core Earnings Per Share of $0.47, and GAAP Net Income of $0.24 per share. The company declared a third quarter dividend of $0.48 per share.

Key Highlights

• Net Investment Income was $0.50 per share, sufficiently covering the newly declared third quarter dividend of $0.48 per share.
• Net Asset Value (NAV) per share decreased to $19.35 from $19.94 at the end of 2025, driven by $183 million in net unrealized losses during the quarter.
• A key indicator of portfolio health, loans on non-accrual status, increased to 2.4% of the total portfolio at amortized cost, up from 1.8% at the end of 2025.