Q2
ARCC — Q2 2026 Financial Report Analysis
Ares Capital's net investment income rose 5% to $359M on a bigger portfolio, but a $21M fee reversal flattered it, valuation losses cut GAAP EPS to $0.24 from $0.52, and NAV per share fell to $19.35 as non-accruals rose to 2.4% of cost.