Ares Capital Corporation (ARCC) Q1 2025 Earnings Call Transcript


Ares Capital Corporation (NASDAQ:ARCC) Q1 2025 Earnings Conference Call April 29, 2025 12:00 PM ET

Company Participants

John Stilmar – Partner & Co-Head, Public Markets Investor Relations
Robert DeVeer – CEO & Director
Kort Schnabel – Partner & Co-Head, U.S. Direct Lending
Scott Lem – CFO & Treasurer
James Miller – President

Conference Call Participants

Finian O’Shea – Wells Fargo Securities
Casey Alexander – Compass Point
Robert Dodd – Raymond James
Melissa Wedel – JPMorgan
Kenneth Lee – RBC Capital Markets
Doug Harter – UBS
Mark Hughes – Truist
Sean-Paul Adams – B. Riley Securities
Brian McKenna – Citizens
Finian O’Shea – Wells Fargo Securities

Operator

Good afternoon. Welcome to Ares Capital Corporation’s First Quarter Ended March 31, 2025 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded on Tuesday, April 29, 2025.

I will now turn the call over to Mr. John Stilmar, a partner on Ares Public Markets Investor Relations team.

John Stilmar

Thank you. And let me start with some important reminders. Comments during the course of this conference call and webcast and the accompanying documents contain forward-looking statements and are subject to risks and uncertainties. The company’s actual results could differ materially from those expressed in such forward-looking statements for any reason, including those listed in its SEC filings.

Ares Capital Corporation assumes no obligation to update any such forward-looking statements. Please also note that past performance or market information is not a guarantee of future results. During this conference call, the company may discuss certain non-GAAP measures as defined by SEC Regulation G, such as core earnings per share or core EPS.

The company believes that core EPS provides useful information to investors regarding financial performance because it is one method the company uses to measure its financial condition and the



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