---
schema_version: "secwatch.filing_event.v1"
accession: "0001287750-25-000018"
form_type: "8-K"
ticker: "ARCC"
cik: "0001287750"
company_name: "ARES CAPITAL CORP"
filed_at: "2025-04-29T23:59:59+00:00"
generated_at: "2026-05-23T03:31:11.752007+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Ares Capital Q1 GAAP EPS $0.36, down from $0.76; CEO transition; $0.48 dividend

## Summary
- GAAP net income per share $0.36, down 53% from $0.76 in Q1-24; Core EPS $0.50 vs $0.59.
- Q2 2025 dividend $0.48 per share declared, payable June 30, 2025 to holders of record June 13, 2025 (unchanged).
- CEO Kipp deVeer steps down effective April 30, 2025; Kort Schnabel named successor as CEO.
- Portfolio investments at fair value $27.13B; NII $365M up from $325M; net assets per share $19.82.
- Issued $1.0B 5.800% unsecured notes due 2032; amended credit facility increased to $5.283B.

## SEC filing metadata
- accession: 0001287750-25-000018
- form_type: 8-K
- ticker: ARCC
- cik: 0001287750
- company_name: ARES CAPITAL CORP
- filed_at: 2025-04-29T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1287750/000128775025000018/0001287750-25-000018-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1287750/000128775025000018/arcc-20250429.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001287750-25-000018
- JSON: https://secwatch.observer/filing/0001287750-25-000018.json
- Plain text: https://secwatch.observer/filing/0001287750-25-000018.txt

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