earnings
confidence high
sentiment negative
materiality 0.80
Prospect Capital Q4 FY26 net loss $38.1M, NAV per share $5.71, Valley Electric sale closed
PROSPECT CAPITAL CORP
2026-FY EPS reported
$0.06
- NII $77.7M, down 1.7% YoY; net loss applicable to common $38.1M (EPS -$0.08) vs -$50.4M (EPS -$0.50) prior year.
- NAV per common share $5.71 at 6/30/26, down from $6.56 a year ago; net-of-cash debt to assets 28.6%.
- Valley Electric sale closed 7/1/26 for ~$328M, net proceeds ~$281M, 20.5% IRR, 4.8x MOIC.
- Declared monthly distributions of $0.035/share for Sept & Oct 2026; cumulative distributions $22.14/share.
- Non-accrual loans rose to 0.7% of assets vs 0.3% prior year; first lien loans now 72.5% of portfolio.