Pennantpark Investment (DE:12P)
NYSE:12P
Earnings Data
Report Date
Aug 12, 2026After Close (Confirmed)
Period Ending
2026 (Q3)Consensus EPS Forecast
0.12Last Year’s EPS
0.16Same Quarter Last Year
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlighted disciplined underwriting, strong JV yields (15.8%), limited and structured software exposure (~4.6%), a material near-term equity realization (Echelon ~15x multiple) and proactive funding actions, which weigh positively. Offsetting these are an $11.7M net loss, a 3.9% NAV decline, modest nonaccrual exposure (2.7% at cost) and a slight miss versus NII consensus driven by a smaller average portfolio. Overall, the positives around portfolio construction, JV performance, equity co-invest track record and conservative underwriting outweigh the headline quarterly pressures.Company Guidance
Core Net Investment Income
Core NII (and GAAP NII) of $0.14 per share for the quarter, reflecting recurring earnings power and consistent dividend-generation focus.
Portfolio Size and New Investments
Portfolio totaled $1.2 billion as of March 31 and the company invested $108 million during the quarter across six new platform investments (median debt/EBITDA 3.0x, interest coverage 3.4x, loan-to-value 28%).
Strong JV Performance and Upside Capacity
PSLF joint venture portfolio totaled $1.3 billion; PNNT's average NII yield on invested capital in the JV was 15.8% over the last 12 months and the JV has capacity to grow to $1.5 billion to further enhance earnings.
Selective Software Exposure
Software exposure is limited to ~4.6% of the portfolio, structured as cash-pay, covenant-protected loans with moderate leverage and shorter durations concentrated in mission-critical, regulated industries—positioned as a risk-mitigated allocation.
Long-Term Track Record and Equity Co-Invest Performance
Since inception PNNT has invested $9.3 billion at an average yield of 11.2% with a ~20 bps annual loss ratio on invested capital. Equity co-investments total >$618 million with an IRR of 25% and a 2.0x multiple on invested capital.
High-Conviction Realization: Echelon
Expected realization on a $1.1 million equity co-investment in Echelon to generate approximately $16 million in total proceeds (~$14M cash + $2M stock), representing nearly a 15x multiple on invested capital and marked at fair value.
Diversified Capital Structure and Funding Actions
Debt-to-equity ratio of 1.35x; diversified funding across secured/unsecured debt, bonds and securitizations. Raised $75 million of new unsecured debt in January used to repay maturing unsecured debt, demonstrating proactive liability management.
Portfolio Yield and Composition
Weighted average yield on debt investments of 10.9%; portfolio diversified across 162 companies and 38 industries. Capital structure includes 48% first-lien senior secured debt and 88% floating-rate debt, consistent with middle-market strategy.
DE:12P Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
DE:12P Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 07, 2026 | €4.09 | €4.02 | -1.64% |
Feb 09, 2026 | €4.46 | €4.40 | -1.26% |
Nov 24, 2025 | €4.96 | €4.66 | -6.11% |
Aug 11, 2025 | €5.37 | €5.39 | +0.34% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Pennantpark Investment (DE:12P) report earnings?
Pennantpark Investment (DE:12P) is schdueled to report earning on Aug 12, 2026, After Close (Confirmed).
What is Pennantpark Investment (DE:12P) earnings time?
Pennantpark Investment (DE:12P) earnings time is at Aug 12, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is the P/E ratio of Pennantpark Investment stock?
The P/E ratio of Pennantpark Investment is N/A.
What is DE:12P EPS forecast?
DE:12P EPS forecast for the fiscal quarter 2026 (Q3) is 0.12.