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Barings BDC Earnings Calls
| Release date | May 07, 2026 |
| EPS estimate | $0.250 |
| EPS actual | $0.250 |
| Revenue estimate | 62.539M |
| Revenue actual | 60.566M |
| Revenue Surprise | -3.16% |
| Release date | Feb 19, 2026 |
| EPS estimate | $0.260 |
| EPS actual | $0.270 |
| EPS Surprise | 3.85% |
| Revenue estimate | 67.664M |
| Revenue actual | 67.969M |
| Revenue Surprise | 0.450% |
| Release date | Nov 06, 2025 |
| EPS estimate | $0.270 |
| EPS actual | $0.320 |
| EPS Surprise | 18.52% |
| Revenue estimate | 67.664M |
| Revenue actual | 72.404M |
| Revenue Surprise | 7.00% |
| Release date | Aug 07, 2025 |
| EPS estimate | $0.260 |
| EPS actual | $0.280 |
| EPS Surprise | 7.69% |
| Revenue estimate | 66.414M |
| Revenue actual | 45.837M |
| Revenue Surprise | -30.98% |
Last 4 Quarters for Barings BDC
Below you can see how BBDC performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
| Release date | Aug 07, 2025 |
| Price on release | $9.19 |
| EPS estimate | $0.260 |
| EPS actual | $0.280 |
| EPS surprise | 7.69% |
| Date | Price |
|---|---|
| Aug 01, 2025 | $9.18 |
| Aug 04, 2025 | $9.17 |
| Aug 05, 2025 | $9.21 |
| Aug 06, 2025 | $9.30 |
| Aug 07, 2025 | $9.19 |
| Aug 08, 2025 | $9.60 |
| Aug 11, 2025 | $9.61 |
| Aug 12, 2025 | $9.67 |
| Aug 13, 2025 | $9.71 |
| 4 days before | 0.109% |
| 4 days after | 5.66% |
| On release day | 4.46% |
| Change in period | 5.77% |
| Release date | Nov 06, 2025 |
| Price on release | $9.00 |
| EPS estimate | $0.270 |
| EPS actual | $0.320 |
| EPS surprise | 18.52% |
| Date | Price |
|---|---|
| Oct 31, 2025 | $9.00 |
| Nov 03, 2025 | $9.00 |
| Nov 04, 2025 | $9.03 |
| Nov 05, 2025 | $9.06 |
| Nov 06, 2025 | $9.00 |
| Nov 07, 2025 | $8.96 |
| Nov 10, 2025 | $8.85 |
| Nov 11, 2025 | $8.92 |
| Nov 12, 2025 | $8.95 |
| 4 days before | 0% |
| 4 days after | -0.556% |
| On release day | -0.444% |
| Change in period | -0.556% |
| Release date | Feb 19, 2026 |
| Price on release | $9.08 |
| EPS estimate | $0.260 |
| EPS actual | $0.270 |
| EPS surprise | 3.85% |
| Date | Price |
|---|---|
| Feb 12, 2026 | $9.13 |
| Feb 13, 2026 | $9.09 |
| Feb 17, 2026 | $9.11 |
| Feb 18, 2026 | $9.16 |
| Feb 19, 2026 | $9.08 |
| Feb 20, 2026 | $9.18 |
| Feb 23, 2026 | $8.94 |
| Feb 24, 2026 | $8.74 |
| Feb 25, 2026 | $8.87 |
| 4 days before | -0.548% |
| 4 days after | -2.31% |
| On release day | 1.10% |
| Change in period | -2.85% |
| Release date | May 07, 2026 |
| Price on release | $8.86 |
| EPS estimate | $0.250 |
| EPS actual | $0.250 |
| Date | Price |
|---|---|
| May 01, 2026 | $9.23 |
| May 04, 2026 | $9.24 |
| May 05, 2026 | $9.22 |
| May 06, 2026 | $9.20 |
| May 07, 2026 | $8.86 |
| May 08, 2026 | $8.87 |
| May 11, 2026 | $8.61 |
| May 12, 2026 | $8.68 |
| May 13, 2026 | $8.61 |
| 4 days before | -4.01% |
| 4 days after | -2.82% |
| On release day | 0.113% |
| Change in period | -6.72% |
Barings BDC Earnings Call Transcript Summary of Q1 2026
Key points for investors:
- Leadership and strategy: Tom McDonald became CEO on Jan 1 and emphasized continuity in BBDC's disciplined, middle-market, senior-secured lending strategy focused on fundamental underwriting and portfolio management.
- Portfolio performance: Q1 results were stable despite negative headlines in private credit. NAV was $11.02 (down from $11.09), net investment income (NII) was $0.25 per share, and the Board declared a Q2 dividend of $0.26 per share (annualized ~9.4% on NAV).
- Credit quality and positioning: Portfolio remains defensive and diversified — ~75% secured, ~70% first-lien, weighted-average interest coverage ~2.6x. Non-accruals are low (0.6% of portfolio at fair value, ~1% inclusive), and risk-rated 4/5 exposure fell to ~6%.
- Yields and earnings drivers: Weighted average yield on debt and income-producing securities at fair value was 10.1%. NII dipped slightly from the prior year/quarter primarily due to a small decline in portfolio yield, fewer days in the quarter, and absence of one-time fees; NII under-earned the quarterly dividend by $0.01 but substantial spillover income (~$0.79 per share) provides coverage.
- Legacy asset remediation and liquidity: Continued rotation of legacy Sierra/MVC assets; Sierra CSA valuation increased to $65.8M and management expects termination likely this year, which could free ~ $65M for redeployment. The company ended Q1 with ~ $95M cash and > $530M available on its $825M credit facility (total dry powder > $600M).
- Capital allocation: Board authorized a new 30 million share repurchase program for 2026; no repurchases in Q1 due to blackout. Debt funding is predominantly unsecured (~80%), and net leverage was 1.17x, inside target range (0.9x–1.25x).
- Market view and differentiation: Management expects growing dispersion among managers in 2026 as underwriting quality matters more; BBDC intentionally underweight to higher-risk recurring-revenue/software loans and focuses on defensive, non-cyclical sectors, positioning it to selectively deploy capital as opportunities emerge.
- Notable drivers of NAV change: Modest NAV decline was driven primarily by a write-down in a legacy MVC asset and some realized losses (net realized losses $10.8M), partially offset by net unrealized appreciation (+$4.9M) and increased Sierra CSA valuation.
