Ares Capital Q3 EPS falls to $0.44 from $0.57; quarterly dividend steady at $0.48
Ares Capital reported third quarter 2026 GAAP net income per share of $0.44, down from $0.57 a year earlier, and Core EPS of $0.46, down from $0.50. Total investment income fell to $763 million from $782 million, and net asset value per share was $19.31 at September 30, 2026, down from $19.94 at December 31, 2025. The board declared a fourth quarter dividend of $0.48 per share, the same as the prior-year quarter, and the company also disclosed a definitive agreement to acquire MidCap Financial Investment Corporation.
Key points
- Q3 2026 GAAP net income was $319 million ($0.44 per share), versus $404 million ($0.57 per share) in Q3 2025
- Q3 2026 Core EPS was $0.46, versus $0.50 in Q3 2025; net investment income was $328 million, versus $338 million
- Net asset value per share was $19.31 at September 30, 2026, versus $19.94 at December 31, 2025
- Fourth quarter 2026 dividend of $0.48 per share is payable December 29, 2026 to holders of record as of December 15, 2026
The filing
Written by AI on Nov 9, 2026, 8:36 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 27, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.