Main Street Capital Preliminary Estimate Of Q1 Net Investment Income $0.91-$0.95 Per Share, DNII $0.98-$1.02 Per Share And DNII Before Taxes $1.02-$1.06 Per Share
Benzinga Newsdesk 6 months ago
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Announces First Quarter 2026 Earnings Release and Conference Call ScheduleHOUSTON, April 16, 2026 /PRNewswire/ -- Main Street Capital Corporation (NYSE:MAIN) ("Main Street" or the "Company") is pleased to announce its
Announces First Quarter 2026 Earnings Release and Conference Call Schedule
HOUSTON, April 16, 2026 /PRNewswire/ -- Main Street Capital Corporation (NYSE:MAIN) ("Main Street" or the "Company") is pleased to announce its preliminary operating results for the first quarter of 2026 and its first quarter 2026 earnings release and conference call schedule.
Preliminary Estimates of First Quarter 2026 Results
Main Street's preliminary estimate of first quarter 2026 net investment income ("NII") is $0.91 to $0.95 per share, distributable net investment income ("DNII")(1) is $0.98 to $1.02 per share and DNII before taxes(2) is $1.02 to $1.06 per share.
Main Street's preliminary estimate of net asset value ("NAV") per share as of March 31, 2026 is $33.42 to $33.50, representing an increase of $0.09 to $0.17 per share, or 0.3% to 0.5%, from the NAV per share of $33.33 as of December 31, 2025, with this increase after the impact of the supplemental dividend paid in March 2026 of $0.30 per share. The estimated NAV per share increase is primarily due to the accretive impact of equity issuances, partially offset by the net fair value decrease of the existing investment portfolio, the total dividends per share paid in the first quarter in excess of NII per share and the net tax provision. The net fair value decrease of the existing investment portfolio is primarily the result of net fair value decreases of the existing private loan investment portfolio, the wholly-owned asset manager and the residual middle market investment portfolio, partially offset by the net fair value increase of the existing lower middle market ("LMM") investment portfolio.
As a result of Main Street's preliminary estimates of NII, the net changes in the fair value of the existing investment portfolio and the net tax provision as noted above, Main Street estimates that it generated an annualized return on equity of approximately 6% for the first quarter.(3)
Main Street preliminarily estimates that investments on non-accrual status comprised 1.2% of the total investment portfolio at fair value and 4.0% at cost as of March 31, 2026.