TPG Specialty Lending (NYSE: TSLX) experienced a significant after-hours plunge of 5.43% following the release of its first-quarter 2026 financial results.
The stock's decline comes after the company reported earnings that fell short of analyst expectations. Sixth Street Specialty Lending posted adjusted earnings per share of $0.42, missing the consensus estimate of $0.50 by 16%. Quarterly sales of $93.397 million also missed estimates of $103.047 million. Furthermore, the company swung to a net loss of $0.27 per share from a net income of $0.32 per share in the previous quarter, with net investment income declining to $0.42 per share from $0.53.
Additional financial metrics showed a year-over-year decrease in total investment income and a drop in net asset value per share. Alongside the earnings report, the company declared a second-quarter base dividend of $0.42 per share.