Q1 26 EPS
$0.11
MISS 29.12%
Est. $0.16
Q1 26 Revenue
$27.3M
MISS 4.45%
Est. $28.5M
vs S&P Since Q1 26
-45.0%
TRAILING MARKET
PNNT -36.0% vs S&P +9.1%
Market Reaction
Did PNNT Beat Earnings? Q1 2026 Results
PennantPark Investment Corporation delivered a disappointing fiscal Q1 2026, missing on both top and bottom lines as shrinking portfolio income weighed heavily on results. The business development company posted net investment income of $0.11 per sha… Read more PennantPark Investment Corporation delivered a disappointing fiscal Q1 2026, missing on both top and bottom lines as shrinking portfolio income weighed heavily on results. The business development company posted net investment income of $0.11 per share, falling 29.12% short of the $0.16 consensus estimate, while revenue of $27.25 million trailed expectations by 4.45% and slid 20.3% year over year from $34.21 million. The primary culprit was a smaller portfolio combined with modestly lower weighted average yields on debt investments, which dragged total investment income well below year-ago levels. The quarter's headline event was the realization of PNNT's equity stake in JF Intermediate, LLC for $67.50 million, generating $59.00 million in net realized gains, though those gains were nearly fully absorbed by $57.04 million in net unrealized depreciation. Shares fell sharply in after-hours trading following the report. Looking ahead, management restructured its dividend into a $0.04 base component and a $0.04 supplemental component, signaling that current earnings alone may not sustain the full $0.08 monthly payout through December 2026.
Key Takeaways
- • Realization of equity investment in JF Intermediate, LLC for $67.5 million
- • Decrease in total portfolio size and weighted average yield on debt investments reduced investment income
- • Credit facility amendment costs of $3.9 million were a one-time expense drag
- • Decrease in incentive fees partially offset lower investment income
- • Weighted average yield on interest bearing debt investments of 10.9%
- • 89% variable-rate investment portfolio sensitive to interest rate environment
PNNT YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
PNNT Revenue by Segment
With YoY comparisons, source: SEC Filings
“The realization of our equity investment in JF Intermediate, LLC for $67.5 million was a meaningful milestone in PNNT's ongoing equity rotation strategy.”
— Art Penn, Q1 2026 Earnings Press Release
PNNT Earnings Trends
PNNT vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
PNNT EPS Trend
Earnings per share: estimate vs actual
PNNT Revenue Trend
Quarterly revenue: estimate vs actual
PNNT Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 MISS | $0.15 | $0.14 | -4.31% | $24.9M | -7.01% |
| Q1 26 MISS | $0.16 | $0.11 | -29.12% | $27.3M | -4.45% |
| Q4 25 MISS FY | $0.17 | $0.15 | -13.09% | $28.0M | -4.55% |
| FY Full Year | $0.74 | $0.71 | -3.57% | $122.4M | -1.03% |
| Q3 25 MISS | $0.18 | $0.18 | -1.15% | $29.6M | -1.02% |
| Q2 25 MISS | $0.19 | $0.18 | -4.56% | $30.7M | -7.38% |