FSK - FS KKR stock gains after Q1 earnings exceed consensus NAV rises

FS KKR Capital (NYSE:FSK) stock is rising 4.8% in Monday after-hours trading after the business development company started off the year with better-than-expected earnings in Q1. Q1 adjusted net investment income of $0.72 per share, topping the average analyst estimate of $0.65, climbed from $0.65 in the previous quarter. Total investment income of $396M beat the $358M consensus estimate and increased from $163M in Q4 2021 and from $151M in the same quarter a year ago. Net asset value of $27.33 per share at March 31, 2022 increased from $27.17 at Dec. 31, 2021.  Total fair value of investments was $16.6B as of March 31, 2022 vs. $16.1B at Dec. 31. Weighted average annual yield on accruing debt investments was 8.9% vs. 9.2% at Dec. 31. Excluding the impact of merger accounting, weighted average annual yield on accruing debt investments was 8.3% vs. 8.4% at Dec. 31. Conference call on May 10

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FS KKR stock gains after Q1 earnings exceed consensus, NAV rises