Main Street Capital Corporation
07/16/2026 | Press release | Distributed by Public on 07/16/2026 07:16
Business/Financial Results (Form 8-K)
|
NEWS RELEASE
|
|
|
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
|
Main Street Announces Preliminary Estimate of Second Quarter 2026
Operating Results
Announces Second Quarter 2026 Earnings Release and Conference Call Schedule
HOUSTON - July 16, 2026 - Main Street Capital Corporation (NYSE: MAIN) ("Main Street"
or the "Company") is pleased to announce its preliminary operating results for the second quarter
of 2026 and its second quarter 2026 earnings release and conference call schedule.
In commenting on the Company's preliminary operating results for the second quarter of 2026,
Dwayne L. Hyzak, Main Street's Chief Executive Officer, stated, "We are very pleased with our
performance in the second quarter, which resulted in another strong quarter of operating results,
including favorable distributable net investment income before taxes and an increase to our net
asset value per share for the sixteenth consecutive quarter. The increase in net asset value per
share was primarily driven by significant net fair value appreciation on our lower middle market
and private loan investment portfolios, including the benefit of another material realized gain in
our lower middle market portfolio. Our strong second quarter results are highlighted by a
favorable estimated return on equity of over 18% for the quarter. We look forward to sharing the
full details of our second quarter 2026 results in a few weeks."
Preliminary Estimates of Second Quarter 2026 Results
Main Street's preliminary estimate of second quarter 2026 net investment income ("NII") is
$0.95 to $0.99 per share, distributable net investment income ("DNII")(1) is $1.02 to $1.06 per
share and DNII before taxes(2) is $1.06 to $1.10 per share.
Main Street's preliminary estimate of net asset value ("NAV") per share as of June 30, 2026 is
$33.88 to $33.96, representing an increase of $0.42 to $0.50 per share, or 1.2% to 1.5%, from the
NAV per share of $33.46 as of March 31, 2026, with this increase after the impact of the
supplemental dividend paid in June 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 and the
accretive impact of equity issuances, partially offset by a decrease due to the issuance of
restricted stock, the total dividends per share paid in the second 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
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 18% for the second quarter.(3)
Main Street preliminarily estimates that investments on non-accrual status comprised 1.1% of the
total investment portfolio at fair value and 4.0% at cost as of June 30, 2026.
Investment Portfolio Activity
The Company's second quarter 2026 operating activities include the following investment
activity in the LMM and private loan investment strategies:
•$95.7 million in total LMM portfolio investments, which after aggregate repayments and
return of invested equity capital resulted in a net decrease of $30.6 million in the total
cost basis of the LMM investment portfolio; and
•$238.9 million in total private loan 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 increase of $60.2 million in the total cost basis of the private loan
investment portfolio.
Second Quarter 2026 Earnings Release and Conference Call Schedule
Main Street will release its second quarter 2026 results on Thursday, August 6, 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, August 7, 2026, at
10:00 a.m. Eastern time. Investors may participate either by phone or audio webcast.(4)
|
By Phone:
|
Dial 412-902-0030 at least 10 minutes before the call. A replay will be
available through August 14, 2026 by dialing 201-612-7415 and using the
access code 13761583#.
|
|
By Webcast:
|
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.
|
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 ("MSC
Adviser"), also maintains an asset management business through which it manages investments
for external parties. MSC Adviser is registered as an investment adviser under the Investment
Advisers Act of 1940, as amended.
Main Street Capital Corporation published this content on July 16, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on July 16, 2026 at 13:16 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]