---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-027685"
form_type: "8-K"
ticker: "ARCC"
cik: "0001287750"
company_name: "ARES CAPITAL CORP"
filed_at: "2026-04-28T23:59:59+00:00"
generated_at: "2026-05-15T02:45:47.319971+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Ares Capital Q1 GAAP EPS $0.13 vs $0.36 YoY; core EPS $0.47; Q2 dividend $0.48

## Summary
- GAAP net income per share $0.13 vs $0.36 YoY; Core EPS $0.47 vs $0.50.
- Net investment income $398M, up 9% YoY; net unrealized losses $412M driven by market volatility.
- Q2 2026 dividend of $0.48 per share unchanged QoQ; payable June 30 to holders of record June 15.
- New investment commitments $3.2B in Q1; non-accrual loans at 2.1% of amortized cost (vs 1.8% Dec 31).
- Issued $750M 5.250% notes due 2031; repaid $1.15B 3.875% notes; expanded SMBC facility to $1.6B.

## SEC filing metadata
- accession: 0001628280-26-027685
- form_type: 8-K
- ticker: ARCC
- cik: 0001287750
- company_name: ARES CAPITAL CORP
- filed_at: 2026-04-28T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1287750/000162828026027685/0001628280-26-027685-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1287750/000162828026027685/arcc-20260428.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-027685
- JSON: https://secwatch.observer/filing/0001628280-26-027685.json
- Plain text: https://secwatch.observer/filing/0001628280-26-027685.txt

## Key facts
- Earnings Releases
  ARES CAPITAL CORP reported the first quarter ended March 31, 2026 results: net income $ 92, EPS $ 0.13.
  - Period: the first quarter ended March 31, 2026
  - Net income: $ 92
  - EPS: $ 0.13
  - Result: reported results
  source text: income(1) $ 398 $ 0.55 $ 365 $ 0.54 Net realized gains (losses)(1) $ 106 $ 0.15 $ (61) $ (0.09) Net unrealized losses(1) $ (412) $ (0.57) $ (63) $ (0.09) GAAP net income(1) $ 92 $ 0.13 $ 241 $ 0.36 As of (dollar amounts in millions, except per share data) March 31, 2026 December 31, 2025 Portfolio investments at fair value $ 29,499 $ 29,485 Total assets $
  evidence_url: https://www.sec.gov/Archives/edgar/data/1287750/000162828026027685/0001628280-26-027685-index.htm

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