Ares Capital Q3 GAAP net income falls 21% to $319 million
ARCC•Ares Capital’s third-quarter 2026 GAAP net income fell 21% year over year to $319 million, while total investment income declined to $763 million and net investment income slipped to $328 million. The company set a fourth-quarter dividend of $0.48 per share and signed an agreement to acquire MidCap Financial Investment Corporation in a cash-and-stock transaction.
1. Quarterly results and dividend
Ares Capital’s third-quarter 2026 GAAP net income fell 21% year over year to $319 million. Total investment income declined to $763 million, and net investment income slipped to $328 million from a year earlier. The fourth-quarter dividend was set at $0.48 per share, payable December 29 to shareholders of record December 15.
2. Acquisition agreement
A definitive agreement signed October 26 provides for Ares Capital to acquire MidCap Financial Investment Corporation in a cash-and-stock transaction.
