Results
Main Street Capital Corporation
10/15/2026 | Press release | Distributed by Public on 10/15/2026 07:35
Business/Financial Results (Form 8-K)
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NEWS RELEASE
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Contacts:
Main Street Capital Corporation
Dwayne L. Hyzak, CEO, [email protected]
Ryan R. Nelson, CFO, [email protected]
713-350-6000
Dennard Lascar Investor Relations
Ken Dennard / [email protected]
Zach Vaughan / [email protected]
713-529-6600
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Main Street Announces Preliminary Estimate of Third Quarter 2026
Operating Results
Announces Third Quarter 2026 Earnings Release and Conference Call Schedule
HOUSTON - October 15, 2026 - Main Street Capital Corporation (NYSE: MAIN) ("Main
Street" or the "Company") is pleased to announce its preliminary operating results for the third
quarter of 2026 and its third quarter 2026 earnings release and conference call schedule.
In commenting on the Company's preliminary operating results for the third quarter of 2026,
Dwayne L. Hyzak, Main Street's Chief Executive Officer, stated, "We are pleased with our
performance in the third quarter, which resulted in another quarter of strong operating results,
including distributable net investment income before taxes that was in line with our expectations
and prior guidance provided on our last conference call and an increase to our net asset value per
share for the seventeenth consecutive quarter. We look forward to sharing the full details of our
third quarter 2026 results in a few weeks."
Preliminary Estimates of Third Quarter 2026 Results
Main Street's preliminary estimate of third quarter 2026 net investment income ("NII") is $0.87
to $0.91 per share, distributable net investment income ("DNII")(1) is $0.94 to $0.98 per share
and DNII before taxes(2) is $0.96 to $1.00 per share.
Main Street's preliminary estimate of net asset value ("NAV") per share as of September 30,
2026 is $34.18 to $34.26, representing an increase of $0.26 to $0.34 per share, or 0.8% to 1.0%,
from the NAV per share of $33.92 as of June 30, 2026, with this increase after the impact of the
supplemental dividend paid in September 2026 of $0.30 per share. The estimated NAV per share
increase is primarily due to the net fair value appreciation on the investment portfolio, including
realized and unrealized activity, and the accretive impact of equity issuances, partially offset by
the total dividends per share paid in the third quarter in excess of NII per share and the net tax
provision. The net fair value appreciation on the investment portfolio is primarily the result of
net fair value appreciation on the lower middle market ("LMM") investment portfolio, private
loan investment portfolio and other portfolio investments, partially offset by net fair value
depreciation on the middle market investment portfolio and fair value depreciation of the wholly-
owned external investment manager.
As a result of Main Street's preliminary estimates of NII, net fair value appreciation and the net
tax provision as noted above, Main Street estimates that it generated an annualized return on
equity of over 14% for the third quarter.(3)
Main Street preliminarily estimates that investments on non-accrual status comprised 0.9% of the
total investment portfolio at fair value and 3.5% at cost as of September 30, 2026.
Additionally, during the quarter, Main Street Mezzanine Fund, LP, an investment fund wholly-
owned by the Company and licensed as a Small Business Investment Company ("SBIC") by the
U.S. Small Business Administration ("SBA"), received approval from the SBA to increase the
borrowing capacity of its SBIC debentures by $75.0 million to $250.0 million. Combined with
Main Street's other wholly-owned investment fund licensed as an SBIC, Main Street Capital III,
LP, this gives Main Street access to $425.0 million of the recently increased $475.0 million of
regulatory maximum SBIC debenture borrowing capacity for affiliated SBIC funds. Main Street
expects to maintain SBIC debentures under the SBIC program in the future, subject to periodic
repayments and borrowings, in an amount up to the regulatory maximum amount.
Investment Portfolio Activity
The Company's third quarter 2026 operating activities include the following investment activity
in the LMM and private loan investment strategies:
•$61.5 million in total LMM portfolio investments, which after aggregate repayments,
return of invested equity capital and a decrease in cost basis due to a realized loss resulted
in a net decrease of $19.4 million in the total cost basis of the LMM investment portfolio;
and
•$162.0 million in total private loan portfolio investments, which after aggregate
repayments, return of invested equity capital and a decrease in cost basis due to realized
losses resulted in a net decrease of $1.8 million in the total cost basis of the private loan
investment portfolio.
Third Quarter 2026 Earnings Release and Conference Call Schedule
Main Street will release its third quarter 2026 results on Thursday, November 5, 2026, after the
financial markets close. In conjunction with the release, Main Street has scheduled a conference
call, which will be broadcast live via phone and over the Internet, on Friday, November 6, 2026,
at 10:00 a.m. Eastern time. Investors may participate either by phone or audio webcast.(4)
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By Phone:
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Dial 412-902-0030 at least 10 minutes before the call. A replay will be
available through November 13, 2026 by dialing 201-612-7415 and using
the access code 13762919#.
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By Webcast:
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Connect to the webcast via the Investor Relations section of Main Street's
website at www.mainstcapital.com. Please log in at least 10 minutes in
advance to register and download any necessary software. A replay of the
conference call will be available on Main Street's website shortly after the
call and will be accessible until the date of Main Street's earnings release for
the next quarter.
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ABOUT MAIN STREET CAPITAL CORPORATION
Main Street (www.mainstcapital.com) is a principal investment firm that primarily provides
customized long-term debt and equity capital solutions to lower middle market companies and
debt capital to private companies owned by or in the process of being acquired by a private
equity fund. Main Street's portfolio investments are typically made to support management
buyouts, recapitalizations, growth financings, refinancings and acquisitions of companies that
operate in diverse industry sectors. Main Street seeks to partner with entrepreneurs, business
owners and management teams and generally provides customized "one-stop" debt and equity
financing solutions within its lower middle market investment strategy. Main Street seeks to
partner with private equity fund sponsors and primarily invests in secured debt investments in its
private loan investment strategy. Main Street's lower middle market portfolio companies
generally have annual revenues between $10 million and $150 million. Main Street's private
loan portfolio companies generally have annual revenues between $25 million and $500 million.
Main Street, through its wholly-owned portfolio company MSC Adviser I, LLC dba Main Street
Capital Partners ("MSCP Adviser"), also maintains an asset management business through which
it manages investments for external parties. MSCP Adviser is registered as an investment adviser
under the Investment Advisers Act of 1940, as amended.
Main Street Capital Corporation published this content on October 15, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on October 15, 2026 at 13:35 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]