ARES CAPITAL (ARCC) Company Report

Ares Capital Corporation (ARCC) reported GAAP net income per share of $0.57 and core earnings per share of $0.50 for the third quarter of 2025, marking the 20th consecutive quarter where core earnings exceeded its regular quarterly dividend.
The company's total portfolio at fair value grew to $28.7 billion by the end of Q3 2025, and credit quality remained strong with non-accruals at cost declining to 1.8%.
ARCC originated over $3.9 billion in new investment commitments in Q3 2025, a 50% increase from the prior quarter, and issued $650 million of unsecured notes to enhance its strong $6.2 billion liquidity position.
ARCC declared a $0.48 per share dividend for Q4 2025, supported by $1.26 per share in spillover income available for distribution in 2025.

Oct 28, 2025, 4:00 PM

Transcript

Ares Capital Corporation Reports Strong Q3 2025 Results with Significant Realized Gains and Increased Origination Activity

ARCC

Earnings

New Projects/Investments

Dividends

Ares Capital Corporation reported GAAP net income per share of $0.57 and core earnings per share of $0.50 for the third quarter of 2025.
The company generated $247 million in net realized gains on investments in Q3 2025, including a $262 million gain from the sale of Potomac Energy Center.
New investment commitments in Q3 2025 totaled over $3.9 billion, marking a 50% increase from the previous quarter, with 60% of originations from new borrowers.
The total portfolio at fair value grew to $28.7 billion by the end of Q3 2025, and management expects to maintain the current dividend level, supported by $1.26 per share in spillover income.

Oct 28, 2025, 4:00 PM

Transcript

Ares Capital Corporation Reports Strong Q3 2025 Results

ARCC

Earnings

Dividends

New Projects/Investments

Ares Capital Corporation (ARCC) reported strong Q3 2025 results, with core earnings of $0.50 per share and GAAP earnings of $0.57 per share, both exceeding its regular quarterly dividend.
The company achieved $247 million in net realized gains on investments, contributing to its ninth NAV increase in the past 10 quarters, and saw $1.3 billion in net deployment.
ARCC's total portfolio at fair value reached $28.7 billion, with non-accruals at cost decreasing to 1.8%.
The company's financial position remains robust, with $6.2 billion in liquidity, a debt-to-equity ratio of 1.02 times net available cash, and $1.26 per share in spillover income.
ARCC originated over $3.9 billion in new investment commitments in Q3 2025, a 50% increase from the prior quarter, and declared a Q4 2025 dividend of $0.48 per share.

Oct 28, 2025, 4:00 PM

Transcript

Ares Capital Reports Q3 2025 Results

ARCC

Earnings

Dividends

Debt Issuance

Ares Capital (ARCC) reported Net Income per share of $0.57 and Core EPS of $0.50 for Q3 2025.
The company's Net Asset Value per share was $20.01 as of September 30, 2025.
Loans on non-accrual status at fair value represented 1.0% of the total investment portfolio in Q3 2025.
Total debt outstanding was $15,615 million as of September 30, 2025, with a weighted average stated interest rate of 5.110%.
A regular quarterly dividend of $0.48 per share was declared for Q3 2025 and Q4 2025.

Oct 28, 2025, 4:00 PM

Presentation

Ares Capital Corporation Announces Q3 2025 Financial Results and Q4 2025 Dividend

ARCC

Earnings

Dividends

Debt Issuance

Ares Capital Corporation reported Core EPS of $0.50 and GAAP net income per share of $0.57 for the third quarter ended September 30, 2025.
The Board of Directors declared a fourth quarter 2025 dividend of $0.48 per share, payable on December 30, 2025.
As of September 30, 2025, net assets per share were $20.01 and the debt/equity ratio was 1.09x.
During the third quarter of 2025, the company made new investment commitments of approximately $3.9 billion and exited approximately $2.6 billion of investment commitments.
Ares Capital had $1.0 billion in cash and cash equivalents and $5.2 billion available for additional borrowings under its existing credit facilities as of September 30, 2025.

Oct 28, 2025, 11:00 AM

Press Release

Ares Capital Corporation Announces Q3 2025 Financial Results and Declares Dividend

ARCC

Earnings

Dividends

Debt Issuance

Ares Capital Corporation declared a fourth quarter 2025 dividend of $0.48 per share, payable on December 30, 2025, to stockholders of record as of December 15, 2025.
For the third quarter ended September 30, 2025, the company reported GAAP net income per share of $0.57 and Core EPS of $0.50.
As of September 30, 2025, net assets per share reached $20.01, and portfolio investments at fair value totaled $28.693 billion.
During the third quarter, Ares Capital enhanced its balance sheet by raising over $1 billion of new debt capital, including issuing $650 million in unsecured notes and increasing commitments under its Revolving Credit Facility and Revolving Funding Facility.

Oct 28, 2025, 12:29 AM

8-K

Earnings Transcripts

Quarterly earnings call transcripts for ARES CAPITAL.

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