---
schema_version: "secwatch.filing_event.v1"
accession: "0001287750-23-000009"
form_type: "8-K"
ticker: "ARCC"
cik: "0001287750"
company_name: "ARES CAPITAL CORP"
filed_at: "2023-02-07T23:59:59+00:00"
generated_at: "2026-06-19T22:35:30.529308+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Ares Capital Q4 Core EPS $0.63 (up 9% YoY); NII $349M; Q1 div $0.48

## Summary
- Q4 2022 Core EPS of $0.63 vs $0.58 YoY; GAAP net income per share $0.34 vs $0.83.
- Net investment income $349M ($0.68 per share) vs $242M ($0.52) in Q4 2021.
- Q1 2023 dividend declared at $0.48 per share, payable March 31 to holders of record March 15.
- Portfolio fair value $21.78B (up 8.9% YoY); non-accrual loans at 1.7% of amortized cost (vs 0.8%).
- January 2023 equity offering raised ~$223.4M (12.1M shares at $18.53); new commitments $226M through Feb 1.

## SEC filing metadata
- accession: 0001287750-23-000009
- form_type: 8-K
- ticker: ARCC
- cik: 0001287750
- company_name: ARES CAPITAL CORP
- filed_at: 2023-02-07T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1287750/000128775023000009/0001287750-23-000009-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1287750/000128775023000009/arcc-20230207.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001287750-23-000009
- JSON: https://secwatch.observer/filing/0001287750-23-000009.json
- Plain text: https://secwatch.observer/filing/0001287750-23-000009.txt

## Key facts
- Earnings Releases
  ARES CAPITAL CORP reported the year ended December 31, 2022 results: revenue $ 1,092, net income $ 600, EPS $ 1.21.
  - Period: the year ended December 31, 2022
  - Revenue: $ 1,092
  - Net income: $ 600
  - EPS: $ 1.21
  - Result: reported results
  source text: Total Amount Per Share Core EPS(3) $ 0.63 $ 0.58 $ 2.02 $ 2.02 GAAP net income per share(2)(4) $ 0.34 $ 0.83 $ 1.21 $ 3.51 Net investment income(2) $ 349 $ 0.68 $ 242 $ 0.52 $ 1,092 $ 2.19 $ 741 $ 1.66 Net realized gains (losses)(2) $ 26 $ 0.05 $ 16 $ 0.04 $ 33 $ 0.07 $ 240 $ 0.54 Net unrealized gains (losses)(2) $ (201) $ (0.39) $ 124 $ 0.27 $ (525) $ (1.05)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1287750/000128775023000009/0001287750-23-000009-index.htm
- Earnings Releases
  ARES CAPITAL CORP reported the quarter ended December 31, 2022 results: revenue $ 349, net income $ 174, EPS $ 0.34.
  - Period: the quarter ended December 31, 2022
  - Revenue: $ 349
  - Net income: $ 174
  - EPS: $ 0.34
  - Result: reported results
  source text: Share Total Amount Per Share Total Amount Per Share Core EPS(3) $ 0.63 $ 0.58 $ 2.02 $ 2.02 GAAP net income per share(2)(4) $ 0.34 $ 0.83 $ 1.21 $ 3.51 Net investment income(2) $ 349 $ 0.68 $ 242 $ 0.52 $ 1,092 $ 2.19 $ 741 $ 1.66 Net realized gains (losses)(2) $ 26 $ 0.05 $ 16 $ 0.04 $ 33 $ 0.07 $ 240 $ 0.54 Net unrealized gains (losses)(2) $ (201) $ (0.39) $
  evidence_url: https://www.sec.gov/Archives/edgar/data/1287750/000128775023000009/0001287750-23-000009-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.