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Kayne Anderson BDC, Inc. (KBDC)
NYSE:KBDC
Holding KBDC?
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Earnings Data
Report Date
Aug 19, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
―Last Year’s EPS
0.51Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 13, 2024
|% Change Since: 6.86%
|Next Earnings Date:Aug 13, 2024
Earnings Call Sentiment|Positive
The earnings call reflects a strong quarter with significant growth in commitments and net income, a robust and defensively constructed portfolio, and a stable dividend policy. However, there is an increase in expenses and a decrease in portfolio yield due to lower reference rates.Company Guidance
During the third quarter earnings call for Kayne Anderson BDC, Inc. (KBDC), the executives provided substantial guidance on the company's performance and strategic direction. As of September 30, 2024, KBDC's portfolio comprised 110 portfolio companies with a fair value of $1.94 billion and additional unfunded commitments of approximately $179 million, resulting in total commitments exceeding $2.1 billion. The portfolio maintained a weighted average leverage of 4.2x, interest coverage of 3.1x, and loan-to-value of 42%. The company achieved a healthy weighted average yield of 11.3% on fair value investments, with 98% of the portfolio invested in first lien securities. Financial results for the third quarter showed net income per share of $0.53 and net investment income per share of $0.52, with total investment income reaching $57.8 million. KBDC declared a regular dividend of $0.40 per share for the fourth quarter, representing a 9.6% dividend yield based on NAV per share and a 12.5% yield based on annualized net investment income. The executives expressed optimism about the future, citing robust origination volumes and a favorable market environment.Strong Portfolio Performance
KBDC's portfolio includes 110 companies with a fair value of $1.94 billion. The portfolio is defensively constructed with a low average leverage of 4.2x and a weighted average yield of approximately 11.3%.
Increase in Net Income
Net income per share increased to $0.53 from $0.46 in the previous quarter. Total investment income rose to $57.8 million from $52.5 million.
High Origination and Commitment Volumes
KBDC made $183 million in total commitments during Q3 2024 with $161 million funded, showing a significant increase from $42 million in Q3 2023.
Low Nonaccruals
Only 1% of total debt investments at fair value are on nonaccrual, involving just 2 positions out of 110.
Dividend Declaration
Declared a regular dividend of $0.40 per share for Q4 2024, representing a 9.6% yield based on NAV per share.
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KBDC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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KBDC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 13, 2024 | $16.19 | $16.06 | -0.80% |
| Aug 13, 2024 | $15.08 | $15.14 | +0.40% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Kayne Anderson BDC, Inc. (KBDC) report earnings?
Kayne Anderson BDC, Inc. (KBDC) is schdueled to report earning on Aug 19, 2025, TBA Not Confirmed.
What is Kayne Anderson BDC, Inc. (KBDC) earnings time?
Kayne Anderson BDC, Inc. (KBDC) earnings time is at Aug 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is KBDC EPS forecast?
Currently, no data Available
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