FS KKR Capital Corp. (FSK)

PHILADELPHIA and NEW YORK, Feb. 25, 2026 /PRNewswire/ -- FS KKR Capital Corp. (NYSE: FSK), or the Company, today announced its financial and operating results for the quarter and year ended December 31, 2025, and that its board of directors has declared a first quarter 2026 distribution of $0.48 per share. Financial and Operating Highlights for the Quarter Ended December 31, 2025 (1) Net investment income of $0.48 per share, compared to $0.57 per share for the quarter ended September 30, 2025 Adjusted net investment income(2) of $0.52 per share, compared to $0.57 per share for the quarter ended September 30, 2025 Net asset value of $20.89 per share, compared to $21.99 per share as of September 30, 2025 and $23.64 per share as of December 31, 2024 Total net realized and unrealized loss of $0.89 per share, compared to a total net realized and unrealized gain of $0.19 per share for the quarter ended September 30, 2025 Adjusted net realized and unrealized loss(2) of $0.88 per share, compared to adjusted net realized and unrealized gain of $0.21 per share for the quarter ended September 30, 2025 Earnings (Loss) per Share of ($0.41), compared to Earnings (Loss) per Share of $0.76 for the quarter ended September 30, 2025 Total purchases of $1,098 million versus $1,334 million of sales and repayments, including $528 million of sales to the Company's joint venture, Credit Opportunities Partners JV, LLC Net debt to equity ratio(3) as of December 31, 2025 was 122%, compared to 116% as of September 30, 2025 Paid distributions to stockholders totaling $0.70 per share(4) Financial and Operating Highlights for the Year Ended December 31, 2025 (1) Net investment income of $2.34 per share, compared to $2.90 per share for the year ended December 31, 2024 Adjusted net investment income(2) of $2.34 per share, compared to $2.88 per share for the year ended December 31, 2024 Total net realized and unrealized loss of $2.30 per share, compared to a total net realized and unrealized loss of $0.81 per share for the year ended December 31, 2024 Adjusted net realized and unrealized loss(2) of $2.24 per share, compared to adjusted net realized and unrealized loss of $0.72 per share for the year ended December 31, 2024 Paid cash distributions to stockholders totaling $2.80 per share(4) "As we conclude 2025 and begin looking forward to 2026, we acknowledge specific challenges associated with a few investments which impacted our results during the second and fourth quarters of the year," said Michael C.

There are multiple risks for your BDC investments now and three that specifically create risk for certain BDCs. Business development companies offer high yields but carry significant, often misunderstood risks, especially in falling interest rate environments. Volatile interest rates can damage BDC profitability and distributable income, causing dividend cuts and share price declines.

Besides Wall Street's top-and-bottom-line estimates for FS KKR Capital (FSK), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended December 2025.

Insights from Paul Singer (Trades, Portfolio)'s Latest 13F Filing Paul Singer (Trades, Portfolio) recently submitted the 13F filing for the fourth quarter of 2

FS KKR Capital (NYSE: FSK - Get Free Report) is expected to issue its Q4 2025 results after the market closes on Wednesday, February 25th. Analysts expect the company to announce earnings of $0.55 per share and revenue of $361.5890 million for the quarter. Interested persons are encouraged to explore the company's upcoming Q4 2025 earning

Recent AI and mega-cap growth volatility has impacted income-focused asset classes, underscoring the need for high-quality value and reliable current income streams. I structure my portfolio for an 8–9% yield by combining core dividend aristocrats, strategic yield enhancers, and a minor allocation to tactical high-yield trades. In this article I elaborate on two tactical trade picks, where I see dislocated, abnormally high-yielding (20%+) opportunities.

The market is signaling distress for BDCs, but the data tells a very different story. Dividend cuts for BDCs aren't what most investors think they are. Rare, well-covered double-digit yields trading at huge discounts to NAV are quietly flashing opportunity signals.

FS KKR Capital Corp. (NYSE: FSK - Get Free Report)'s stock price reached a new 52-week low on Friday. The stock traded as low as $12.65 and last traded at $12.81, with a volume of 324483 shares changing hands. The stock had previously closed at $12.75. Analyst Ratings Changes A number of analysts have recently

Multiple mortgage REITs fell by over 10% on the day. The stock driving the bus of bad dropped 33% on Friday and is continuing lower today. Preferred shares and baby bonds have consistently outperformed on a risk-adjusted basis, prompting a portfolio shift towards these instruments for better yield and stability.

2 BDC Value Creators For Durable NAV And High Income

Some on Wall Street appear to be concerned about a potential private credit crisis. Worrisome signs can be found in a few ultra-high-yield BDC stocks.

FS KKR Capital stands out in the BDC sector with $13.09B in assets and diversified holdings across 23 industries. FSK's over-the-counter bonds, all rated Baa3 by Moody's, offer yields up to 6.76%—among the highest in the BDC universe. Core credit metrics are solid: 3.56% average net income/assets, 189% asset coverage ratio, and 2.9% non-accrual loans.

Investors are currently adopting a more conservative stance, favoring high-quality value and durable income. However, this rotation coupled with lower interest rates echoes a bit 2022's system-wide yield compression (when high-quality income was overcrowded due to a desparate search-for-yield activity). So, finding double digit dividends that are backed by strong fundamentals has become more difficult.

The biggest risk most early retirees completely underestimate. Why these yields look far safer than the market believes. The income strategy that changed how I view retirement planning.

PHILADELPHIA and NEW YORK, Jan. 21, 2026 /PRNewswire/ -- FS KKR Capital Corp. (NYSE: FSK) announced today plans to release its fourth quarter and full year 2025 results after the close of trading on the New York Stock Exchange on Wednesday, February 25, 2026. FSK will host its fourth quarter and full year 2025 results conference call via live webcast on Thursday, February 26, 2026 at 9:00 a.m.

BDCs have started this year strong. News on the interest rate and labor market front have been refreshing. Yet, not all BDCs have performed well so far. Namely, 4 BDCs have contracted.