---
schema_version: "secwatch.filing_event.v1"
accession: "0001287750-25-000004"
form_type: "8-K"
ticker: "ARCC"
cik: "0001287750"
company_name: "ARES CAPITAL CORP"
filed_at: "2025-02-05T23:59:59+00:00"
generated_at: "2026-05-27T02:27:14.852659+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Ares Capital Q4 GAAP EPS $0.55, down from $0.72; dividend held at $0.48

## Summary
- Q4 GAAP EPS $0.55 vs $0.72; Core EPS $0.55 vs $0.63.
- FY 2024 GAAP EPS $2.44 vs $2.75; Core EPS $2.33 vs $2.37.
- Portfolio investments at fair value $26.7B, up from $22.9B; debt/equity ratio 1.03x.
- Non-accrual loans increased to 1.7% of cost (1.0% value) from 1.3% (0.6%) a year ago.
- Dividend steady at $0.48 per share for Q1; $1.0B 5.8% unsecured notes issued due 2032.

## SEC filing metadata
- accession: 0001287750-25-000004
- form_type: 8-K
- ticker: ARCC
- cik: 0001287750
- company_name: ARES CAPITAL CORP
- filed_at: 2025-02-05T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1287750/000128775025000004/0001287750-25-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1287750/000128775025000004/arcc-20250205.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001287750-25-000004
- JSON: https://secwatch.observer/filing/0001287750-25-000004.json
- Plain text: https://secwatch.observer/filing/0001287750-25-000004.txt

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