Ares Capital Corporation announced its financial results for the third quarter ended September 30, 2026, alongside a declaration of a fourth quarter dividend. The company reported GAAP net income per share of $0.44 for the quarter, down from $0.57 in the same period the previous year. Core earnings per share, a non-GAAP measure, were reported at $0.46, compared to $0.50 in Q3 2025.
On the balance sheet, Ares Capital reported total assets of $30.6 billion as of September 30, 2026, with stockholders’ equity totaling $13.9 billion. The portfolio’s net asset value per share stood at $19.31, a decrease from $19.94 at the end of 2025. The company’s weighted average yield on debt and other income-producing securities was 10.8% as of the reporting date.
In terms of investment activity, the company made new investment commitments of approximately $2.1 billion during the third quarter, with 71% allocated to first lien senior secured loans. Ares Capital exited approximately $2.5 billion in commitments during the period. As of September 30, 2026, the weighted average grade of the portfolio was 3.1, and loans on non-accrual status represented 2.4% of total investments at amortized cost.
Regarding liquidity, Ares Capital reported $722 million in cash and cash equivalents and approximately $6.9 billion available for additional borrowings under existing credit facilities. The company also noted that in September 2026, it issued $750 million in unsecured notes bearing interest at a rate of 6.250% per annum.
The company’s Board of Directors declared a dividend of $0.48 per share for the fourth quarter of 2026. This dividend is payable on December 29, 2026, to stockholders of record as of December 15, 2026.
