AI Earnings Predictions for FS KKR Capital Corp. (FSK)

EX-99.1

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EXHIBIT 99.1

Exhibit 99.1

FS KKR Capital Corp. Announces Second Quarter 2026 Results

Declares Third Quarter 2026 Distribution of $0.44 per share

PHILADELPHIA, PA AND NEW YORK, NY – August 6, 2026 – FS KKR Capital Corp. (NYSE: FSK), or the Company, today announced its financial and operating results for the quarter ended June 30, 2026, and that its board of directors has declared a third quarter 2026 distribution of $0.44 per share for common stockholders.

Financial and Operating Highlights for the Quarter Ended June 30, 2026(1)

·     Net investment income of $0.44 per share, compared to $0.42 per share for the quarter ended March 31, 2026

·Adjusted net investment income(2) of $0.43 per share, compared to $0.41 per share for the quarter ended March 31, 2026

·     Net asset value of $18.30 per share as of June 30, 2026, compared to $18.83 per share as of March 31, 2026

·     Total net realized and unrealized loss of $0.56 per share, compared to a total net realized and unrealized loss of $2.00 per share for the quarter ended March 31, 2026

·Adjusted net realized and unrealized loss(2) of $0.55 per share, compared to adjusted net realized and unrealized loss of $1.99 per share for the quarter ended March 31, 2026

·     Earnings (Loss) per share of ($0.13), compared to Earnings (Loss) per share of ($1.57) for the quarter ended March 31, 2026

·     Total purchases of $590 million versus $1,334 million of sales and repayments, including $9 million of net sales to the Company’s joint venture, Credit Opportunities Partners JV, LLC

·     Debt to equity ratio as of June 30, 2026 was 127%, compared to 138% as of March 31, 2026

·Net debt to equity ratio(3) as of June 30, 2026 was 122%, compared to 131% as of March 31, 2026

·     Paid distributions to common stockholders totaling $0.42 per share(4)

“During the second quarter, FSK generated Net Investment Income of $0.44 per share, reduced net leverage to within our target range, and made progress reducing our non-accrual assets,” said Michael C. Forman, Chief Executive Officer and Chairman. “We remain focused on improving portfolio performance and delivering long-term value for shareholders.”

“The strategic actions we announced in May are progressing as planned and reflect the FS/KKR Advisor’s continued conviction in the long-term value of FSK,” said Daniel R. Pietrzak, President and Chief Investment Officer of FSK and Partner and Global Head of Private Credit at KKR. “During the second quarter, the $150 million tender offer for shares of FSK’s common stock conducted by a subsidiary of KKR was successfully completed, the $150 million issuance of convertible preferred stock by FSK to a subsidiary of KKR closed, FSK’s $300 million share repurchase program commenced, and the 50% subordinated income incentive fee waiver helped to support our Net Investment Income and third quarter distribution. We believe these actions, together with our ongoing portfolio rotation efforts and focus on enhancing portfolio quality, strengthen FSK's financial profile.”

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Subsequent Events

During the period from July 1, 2026 through August 5, 2026, the Company repurchased 3,348,353 shares of common stock pursuant to the board-authorized share repurchase program at an average price per share (inclusive of commissions paid) of $10.75 (totaling $36 million). All such repurchases were made on the Company’s behalf by a third-party agent on the open market at prices below net asset value per share in transactions intended to qualify for the safe harbors provided by Rules 10b5-1 and 10b-18 under the Exchange Act of 1934, as amended. The shares repurchased during the period from July 1, 2026 through August 5, 2026 are in addition to 377,800 shares of common stock (totaling $4 million at an average price per share, inclusive of commissions paid, of $10.57) repurchased from the commencement of the repurchase plan on June 29, 2026, through the end of the second quarter. The weighted average purchase price of all shares repurchased from June 29, 2026 to August 5, 2026 (inclusive of commissions paid) was $10.73.

Declaration of Common Stock Distribution for Third Quarter 2026

On August 5, 2026, FSK’s board of directors declared a distribution for the third quarter of $0.44 per share of common stock, which will be paid on or about October 2, 2026 to common stockholders of record as of the close of business on September 16, 2026.

Declaration of Convertible Preferred Stock Dividend for Third Quarter 2026

On July 30, 2026, FSK’s board of directors declared a cash dividend for the period from June 29, 2026 to September 30, 2026 of $0.315972 per share of convertible preferred stock, which will be paid on or about September 30, 2026 to convertible preferred stockholders of record as of the close of business on September 15, 2026.

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Portfolio Highlights as of June 30, 2026

·     Total fair value of investments was $11.4 billion of which 63.0% was invested i

EX-99.1

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EXHIBIT 99.1

Exhibit 99.1

FS KKR Capital Corp. Announces First Quarter 2026 Results and Strategic Value Enhancement Actions

Declares Second Quarter 2026 Distribution of $0.42 per share

PHILADELPHIA, PA AND NEW YORK, NY – May 11, 2026 – FS KKR Capital Corp. (NYSE: FSK), or the Company, today announced its financial and operating results for the quarter ended March 31, 2026 and announced certain strategic value enhancement actions, as further outlined below. Additionally, the Company announced that its board of directors has declared a second quarter 2026 distribution of $0.42 per share.

Financial and Operating Highlights for the Quarter Ended March 31, 2026(1)

·Net investment income of $0.42 per share, compared to $0.48 per share for the quarter ended December 31, 2025

·Adjusted net investment income(2) of $0.41 per share, compared to $0.52 per share for the quarter ended December 31, 2025

·Net asset value of $18.83 per share, compared to $20.89 per share as of December 31, 2025

·Total net realized and unrealized loss of $2.00 per share, compared to a total net realized and unrealized loss of $0.89 per share for the quarter ended December 31, 2025

·Adjusted net realized and unrealized loss(2) of $1.99 per share, compared to adjusted net realized and unrealized loss of $0.88 per share for the quarter ended December 31, 2025

·Earnings (Loss) per share of ($1.57), compared to Earnings (Loss) per share of ($0.41) for the quarter ended December 31, 2025

·Total purchases of $499 million versus $710 million of sales and repayments

·Net debt to equity ratio(3) as of March 31, 2026 was 131%, compared to 122% as of December 31, 2025

·Paid distributions to stockholders totaling $0.48 per share(4)

Strategic Value Enhancement Actions

·$150 million Cumulative Convertible Perpetual Preferred. A subsidiary of KKR has agreed to invest $150 million in cumulative convertible perpetual preferred stock (the “Preferred Stock”). This investment will close as soon as practicable following the consummation of the tender offer (described below), subject to regulatory approval, including the expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the “HSR Act”). The Preferred Stock contains a current dividend rate of 5.00% per annum in cash, or, at the Company’s option, 7.00% per annum in PIK dividends. The Preferred Stock will rank junior to all existing indebtedness of the Company and senior to the Company’s common stock. The Preferred Stock may be redeemed by the Company at any time in cash and, after three years, if the Company’s common stock is trading equal to or above the conversion price, will be convertible by the Company into the Company’s common stock at the conversion price then in effect. Initially, the conversion price is $18.83 (the Company’s net asset value per share as of March 31, 2026) per share. The conversion price will be subject to customary adjustments, including certain anti-dilution protections. At the option of the holders of the Preferred Stock, after six months, the Preferred Stock may be converted into the Company’s common stock at the conversion price then in effect and, after six years, the Preferred Stock may be redeemable in cash. The proceeds of the Preferred Stock are expected to be used for general corporate purposes, including funding any Company common stock repurchase program or debt repayment.

·$150 million Tender Offer. As separately announced, a subsidiary of KKR intends to commence a fixed price tender offer for up to $150 million aggregate amount of shares of FSK’s common stock (the “Tender”). The Tender was announced at a price of $11.00 per share. The Tender will be available to all stockholders of FSK, is expected to commence on or around May 12, 2026 and is expected to remain open for 20 business days, subject to customary closing conditions and the expiration or termination of the applicable waiting period under the HSR Act. KKR believes the intrinsic value of FSK’s common stock is in excess of the Tender price of $11.00 per share.

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·$300 million Share Repurchase Program. The Company’s board of directors has authorized a $300 million stock repurchase program, which will be implemented as soon as practicable following the expiration of the Tender. The Company expects to repurchase shares of its common stock in the open market, by tender offer or in privately negotiated purchases in compliance with applicable law, while simultaneously being mindful of net repayment levels and the Company’s total leverage level. During the stock repurchase period, the Company’s new investment originations may be reduced as the Company will focus on supporting existing portfolio companies, reducing leverage, and repurchasing stock. The board-authorized stock repurchase program is scheduled to expire on June 1, 2027, unless extended, or until the aggregate repurchase amount tha

EX-99.1

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EXHIBIT 99.1

Exhibit 99.1

FSK Announces Earnings Release and Conference Call Schedule for First Quarter 2026

PHILADELPHIA AND NEW YORK – April 9, 2026 – FS KKR

Capital Corp. (NYSE: FSK) announced today plans to release its first quarter 2026 results after the close of trading on the New York Stock Exchange on Wednesday, May 6, 2026.

FSK will host its first quarter 2026 results conference call via live webcast on Thursday, May 7, 2026 at 9:00 a.m. (Eastern Time). All interested parties are welcome to participate and can access the live webcast from the For Investors section of FSK’s website at www.fskkrcapitalcorp.com under Events & Presentations or through the following URL: https://edge.media-server.com/mmc/p/ysenbwyi.

Research analysts who wish to participate in the conference call are requested to register a day in advance or at a minimum 15 minutes before the start of the call using the following URL: https://register-conf.media-server.com/register/BI86a0953ea3aa44758a814b6928917e4c. Upon registration, all telephone participants will receive a confirmation email detailing how to join the conference call, including the dial-in number along with a unique PIN number that can be used to access the call.

An investor presentation of financial information will be available by visiting the For Investors section of FSK’s website, under Events & Presentations after the market close on Wednesday, May 6, 2026.

A replay of the call will be available beginning shortly after the end of the call by visiting the For Investors section of FSK’s website, under Events & Presentations.

About FS KKR Capital Corp.

FSK is a leading publicly traded business development company (BDC) focused on providing customized credit solutions to private middle market U.S. companies. FSK seeks to invest primarily in the senior secured debt and, to a lesser extent, the subordinated debt of private middle market companies. FSK is advised by FS/KKR Advisor, LLC. For more information, please visit www.fskkrcapitalcorp.com.

About FS/KKR Advisor, LLC

FS/KKR Advisor, LLC (FS/KKR) is a partnership between Future Standard, formerly FS Investments, and KKR Credit that serves as the investment adviser to FSK and other business development companies.

Future Standard is a global alternative asset manager serving institutional and private wealth clients, investing across private equity, credit and real estate. With a 30+ year track record of value creation and over $93 billion in assets under management, we back the business owners and financial sponsors that drive growth and innovation across the middle market, transforming untapped potential into durable value.

KKR Credit is a subsidiary of KKR & Co. Inc., a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group’s website at www.globalatlantic.com.

Contact Information:

Investor Relations

Caitlin Welch

Caitlin.Welch@futurestandard.com

Future Standard Media Team

Marc Hazelton

Marc.Hazelton@futurestandard.com