Main Street Capital Corporation

04/16/2026 | Press release | Distributed by Public on 04/16/2026 07:34

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 First Quarter 2026
Operating Results
Announces First Quarter 2026 Earnings Release and Conference Call Schedule
HOUSTON - April 16, 2026 - Main Street Capital Corporation (NYSE: MAIN) ("Main Street"
or the "Company") is pleased to announce its preliminary operating results for the first quarter of
2026 and its first quarter 2026 earnings release and conference call schedule.
In commenting on the Company's preliminary operating results for the first quarter of 2026,
Dwayne L. Hyzak, Main Street's Chief Executive Officer, stated, "We are pleased with our
performance in the first quarter, which resulted in distributable net investment income before
taxes that was in line with our expectations and prior guidance provided on our last conference
call, despite the ongoing backdrop of significant economic and geopolitical uncertainties. We
look forward to sharing the full details of our first quarter 2026 results in a few weeks."
Preliminary Estimates of First Quarter 2026 Results
Main Street's preliminary estimate of first quarter 2026 net investment income ("NII") is $0.91
to $0.95 per share, distributable net investment income ("DNII")(1) is $0.98 to $1.02 per share
and DNII before taxes(2) is $1.02 to $1.06 per share.
Main Street's preliminary estimate of net asset value ("NAV") per share as of March 31, 2026 is
$33.42 to $33.50, representing an increase of $0.09 to $0.17 per share, or 0.3% to 0.5%, from the
NAV per share of $33.33 as of December 31, 2025, with this increase after the impact of the
supplemental dividend paid in March 2026 of $0.30 per share. The estimated NAV per share
increase is primarily due to the accretive impact of equity issuances, partially offset by the net
fair value decrease of the existing investment portfolio, the total dividends per share paid in the
first quarter in excess of NII per share and the net tax provision. The net fair value decrease of
the existing investment portfolio is primarily the result of net fair value decreases of the existing
private loan investment portfolio, the wholly-owned asset manager and the residual middle
market investment portfolio, partially offset by the net fair value increase of the existing lower
middle market ("LMM") investment portfolio.
As a result of Main Street's preliminary estimates of NII, the net changes in the fair value of the
existing investment portfolio and the net tax provision as noted above, Main Street estimates that
it generated an annualized return on equity of approximately 6% for the first quarter.(3)
Main Street preliminarily estimates that investments on non-accrual status comprised 1.2% of the
total investment portfolio at fair value and 4.0% at cost as of March 31, 2026.
Investment Portfolio Activity
The Company's first quarter 2026 operating activities include the following investment activity
in the LMM and private loan investment strategies:
•$205.9 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 increase of $157.1 million in the total cost basis of the LMM investment
portfolio; and
•$149.1 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 increase of $36.6 million in the total cost basis of the private loan
investment portfolio.
First Quarter 2026 Earnings Release and Conference Call Schedule
Main Street will release its first quarter 2026 results on Thursday, May 7, 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, May 8, 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 May 15, 2026 by dialing 201-612-7415 and using the
access code 13759637#.
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 April 16, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on April 16, 2026 at 13:34 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]