KKR KKR & Co. Inc.

$KKR Q3 '26 Earnings Results & Recap • Reported GAAP EPS of $1.78 up 26.24% YoY • Reported revenue of $4.56B down -17.41% YoY • KKR expects to return more than $40B to clients in 2026, exceeding its previous annual record by more than 50%; subject to closing, USI sale expected to generate approximately $2B ANI in 4Q'26.

180 earnings releases today. Five with real size or a real story: $KKR — before the open · $89.1B · options imply ±5.6% $CEG — before the open · $88.6B · est. $3.89 vs $2.55 last qtr · options imply ±7.7% $B — before the open · $66.8B · est. $0.80 vs $0.82 last qtr · options imply ±6.6% $OXY — after the close · $56.4B · est. $1.47 vs $2.40 last qtr · options imply ±5.5% $FERG — before the open · $45.2B · est. $3.29 vs $3.39 last qtr

$KKR credit is crumbling. That’s why…. Big gap down tomorrow and hitting new lows real soon.

$KKR KKR is down about 4.48 percent, near 87.35, and I can't point to a KKR specific headline for today. What I did read this week is a Reuters Breakingviews column arguing the golden era for private equity owned insurers may be ending, as competition squeezes the spread insurers earn between annuity payouts and investment yields. Apollo's net investment spread slipped from 1.9 percent in 2023 to 1.6 percent in 2025, and industry operating return on equity fell from nearly 13 percent to just over 8 percent this year. It's an opinion piece, not news, and I can't say it's driving today's selling. Alternative managers have also been pressured this year by private credit redemption worries. Worth watching how the group trades. Follow me for more on the alt managers.

$KKR just had its best fee quarter ever, and the headline GAAP number still managed to hide it. Q3 adjusted EPS was $1.78, ahead of the $1.58 to $1.59 consensus and up from $1.41 a year ago. Fee-related earnings hit a record $1.316B, up 27%, and assets under management crossed $800B for the first time, at $804B after $25B of new capital in the quarter. The honest weak spot: insurance operating earnings fell 24% to $230M. The fee machine is not the whole company, but it is clearly the part carrying it right now, and it just set another record.

$KKR KKR is showing strong momentum. Q3 adjusted earnings rose 29% to $1.6B, while fee-related earnings increased 27%. Assets under management reached $804B, and new capital raised hit $25B. I like the combination of growing recurring fees and expanding investment capacity. Key risks: slower fundraising, credit-market stress and weaker asset valuations. The next catalyst is continued growth in fee-related earnings and asset realizations. Question: Is KKR attractively positioned for long-term investors, or is the growth already priced in?

$KKR reported earnings before the open today. Adjusted EPS beat estimates: $1.78 vs. $1.58 expected, according to Stock Meadow.

$KKR Fee Related Earnings were 1,316.0 million dollars in Q3, up 27 percent, Total Operating Earnings were 1,737.8 million, and Adjusted Net Income was 1,645.5 million, or 1.78 dollars per adjusted share. Management fees were 1,201.1 million, up 13 percent. The release also expects the USI sale, closing in Q4, to generate about 2.0 billion dollars of Adjusted Net Income in Q4 results.

$KKR Insurance operating earnings were 230.3 million dollars in Q3, against 304.7 million a year earlier. This year's quarter carried a 26 million dollar charge from Global Atlantic's annual actuarial assumption review, last year's carried a 41 million dollar benefit from the same review. Excluding both, it was 257 million against 264 million, basically flat.

$KKR New capital raised was 25.2 billion dollars in Q3, against 42.6 billion a year earlier. Credit took 14.4 billion of it, Real Assets 6.7 billion, Private Equity 4.1 billion. AUM still rose to 804.4 billion, up 11 percent, with perpetual capital at 344 billion. The base is getting more durable even as the quarterly fundraising pace slowed.

$KKR private marks move slower than public prices. seems like ai halls in private funds look fine weeks after the semi index fell 12.25%, and that lag is part of the product being sold

$KKR private exits need a buyer with cheap money and a rising chart. seems like when ai names fall, the exit door narrows, and funds holding boom priced assets find out paper marks are not a bid

Activist investor Ancora Holdings Group has acquired a stake of more than 4% in UK self-storage operator Big Yellow Group and plans to push for a strategic review that could lead to a sale. Ancora argues the company is significantly undervalued and intends to attract financial and strategic buyers. The firm estimates Big Yellow trades at a 40% discount to net asset value, following a 28% share-price decline over the past year amid weak UK economic growth, a sluggish property market and capital-intensive development plans. However, Ancora believes the company’s London-focused portfolio offers strong pricing power and exposure to growing self-storage demand. Potential buyers include Heitman, Nuveen and KKR, as well as US self-storage REITs Public Storage and Extra Space Storage. Ancora also cited Blackstone’s previous unsuccessful privatization attempt, arguing that a properly managed sale process could generate significant interest and an attractive premium. $KKR

$KKR Getting Drubbed more than usual Today RSI oversold 29.9 and down over 30 percent YTD