FS KKR Capital Corp. Announces Fourth Quarter and Full Year 2024 Results; Declares First Quarter 2025 Distribution of $0.70 per share

Core Viewpoint - FS KKR Capital Corp. reported strong financial and operational results for the year ended December 31, 2024, with a declared distribution of $0.70 per share for the first quarter of 2025, reflecting disciplined capital deployment and portfolio stability [1][4][3]. Financial and Operating Highlights for the Quarter Ended December 31, 2024 - Net investment income was $0.61 per share, down from $0.77 per share in the previous quarter [8]. - Adjusted net investment income was $0.66 per share, compared to $0.74 per share for the quarter ended September 30, 2024 [8]. - Total net realized and unrealized loss was $0.09 per share, an improvement from a loss of $0.20 per share in the previous quarter [8]. - Earnings per share decreased to $0.52 from $0.57 in the prior quarter [8]. Financial and Operating Highlights for the Year Ended December 31, 2024 - Net investment income for the year was $2.90 per share, down from $3.18 per share in 2023 [8]. - Adjusted net investment income for the year was $2.88 per share, compared to $3.11 per share in 2023 [8]. - Total net realized and unrealized loss for the year was $0.81 per share, compared to a loss of $0.70 per share in 2023 [8]. - Cash distributions to stockholders totaled $2.90 per share for the year [8]. Portfolio Highlights as of December 31, 2024 - Total fair value of investments was $13.49 billion, down from $13.94 billion as of September 30, 2024 [6]. - Senior secured loans represented 57.8% of the portfolio, a decrease from 59.9% in the previous quarter [6]. - Variable rate debt investments accounted for 65.8% of the portfolio, down from 68.6% [6]. - Investments on non-accrual status increased to 2.2% of the total investment portfolio at fair value, compared to 1.7% in the previous quarter [9]. Leverage and Liquidity as of December 31, 2024 - Net debt to equity ratio was 104%, down from 109% as of September 30, 2024 [8][20]. - Total debt outstanding was $7.4 billion, with $296 million in cash and cash equivalents [20]. - The company had $4.4 billion in available liquidity, which is expected to support future private market activities [3][20]. Conference Call Information - FS KKR Capital Corp. will host a conference call on February 27, 2025, to discuss its fourth quarter and full year 2024 results [10].