Ares Capital Shares Lose 3.06% in Premarket Trading After Q3 Report

Ares Capital shares fell 3.06% to $18.04 in premarket trading at 6:30 a.m. ET (10:30 UTC) Tuesday, Oct. 27, as third-quarter commitments fell to $2.109 billion.

Gross investment commitments for the quarter ended Sept. 30 were down from $3.924 billion in Q3 2025. Ares Capital funded about $1.6 billion of the commitments.

Core EPS, a non-GAAP measure, was $0.46, compared with $0.50 in Q3 2025. The third-quarter results also included total investment income of $763 million, down from $782 million.

“While a slower transaction environment led to a more measured pace of originations during the quarter, our investment backlog is up meaningfully from last quarter,” CEO Kort Schnabel said.

Ares Capital reported about $2.5 billion in investment backlog as of Oct. 22. From Oct. 1 through Oct. 22, it made about $1.1 billion in new commitments, with about $855 million funded. The company said those backlog transactions were likely to close, subject to terms and documentation.

Ares Capital makes direct loans and other investments in private middle-market companies and has elected to be regulated as a business development company. Its $0.48-per-share fourth-quarter dividend is payable Dec. 29 to shareholders of record Dec. 15.