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Prospect Capital Corporation (PSEC) Q2 2026 Earnings Call Transcript

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The company reported Q2 2026 earnings with EPS of $0.19, beating estimates by $0.09, while revenue reached $176 million, exceeding forecasts by $19.67 million despite a 5.1% year-over-year decline. Net investment income hit $91 million ($0.19 per share), with net asset value (NAV) at $3 billion ($6.21 per share) as of December 2025, reflecting stable financial health. Debt metrics improved, with net debt-to-assets at 28.2% and unsecured debt plus preferred at 85.3% of total debt, signaling strong leverage management. Monthly common shareholder distributions were set at $0.045 per share for February–April 2026, continuing a 22-year streak with cumulative payouts reaching $21.93 per share since IPO. Management emphasized forward-looking statements carry risks, disclaiming updates, and directed investors to filings for detailed disclosures.
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Prospect Capital Corporation (PSEC) Q2 2026 Earnings Call Transcript

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SA Transcripts158.27K FollowersFollow5ShareSaveCommentsQ2: 2026-02-09 Earnings SummaryInsightsTranscript InsightsPlay CallPlay CallEPS of $0.19 beats by $0.09 | Revenue of $176.00M (-5.10% Y/Y) beats by $19.67M Prospect Capital Corporation (PSEC) Q2 2026 Earnings Call February 10, 2026 9:00 AM EST Company Participants John Barry - Chairman of the Board & CEOKristin Van Dask - CFO, Treasurer, Secretary & Chief Compliance OfficerMichael Eliasek - President, COO & Director Conference Call Participants Finian O'Shea - Wells Fargo Securities, LLC, Research Division Presentation Operator Good day, and welcome to the Prospect Capital Second Fiscal Quarter 2026 Earnings Release and Conference Call. [Operator Instructions] Please note, this event is being recorded. I would now like to turn the conference over to John Barry, Chairman and CEO. Please go ahead. John BarryChairman of the Board & CEO Thank you, Michael. Joining me on the call today once again are Grier Eliasek, our President and Chief Operating Officer; and Kristin Van Dask, our Chief Financial Officer. Kristin?

Kristin Van DaskCFO, Treasurer, Secretary & Chief Compliance Officer Thanks, John. This call contains forward-looking statements that are intended to be subject to safe harbor protection. Future results are highly likely to vary materially. We do not undertake to update our forward-looking statements. For additional disclosure, see our earnings press release and 10-Q filed previously and available on our website, prospectstreet.com. Now I'll turn the call back over to John. John BarryChairman of the Board & CEO Okay. Thank you, Kristin. In our December quarter, our net investment income was $91 million or $0.19 per common share. Our NAV was approximately $3 billion, $6.21 per common share. At December 31, our net debt to total assets ratio was 28.2%. Unsecured debt plus unsecured perpetual preferred was 85.3% of total debt plus preferred. We are announcing monthly common shareholder distributions of $0.045 per share for each of February, March and April. Since our IPO nearly 22 years ago, through our April 2026 declared distribution, we will have distributed $4.7 billion or $21.93 per share. Our preferred shareholder cash distributions continue at their contract

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Source: Seeking Alpha