Franklin Templeton vs KKR

10-Q Financial Filing Analysis for Franklin Templeton (2026-07-31)

Franklin Resources, Inc. (Franklin Templeton) reported robust operational results for the third fiscal quarter ended June 30, 2026. Consolidated operating revenues reached $2.36 billion, an increase of 14% year-over-year, driven by market appreciation and solid net long-term inflows that lifted total Assets Under Management (AUM) to $1.79 trillion (+11% YoY). Operating income rose 40% to $215.8 million, while net income attributable to shareholders jumped 86% to $171.5 million ($0.31 diluted EPS), despite incurring a $100.0 million regulatory settlement related to Western Asset Management (WAM). The quarter also saw significant progress in resolving legacy legal uncertainties, with WAM finalizing settlements with the SEC and DOJ concerning historical trade allocation matters. Substantive capital allocation continued, with Franklin returning capital through $173.4 million in quarterly dividends and $348.1 million in share repurchases, alongside expanding its revolving credit facility aggregate commitments to $1.5 billion with a maturity extension to 2031.

• Total Assets Under Management (AUM) reached $1,791.6 billion as of June 30, 2026, up 11% year-over-year, supported by $18.4 billion in long-term net inflows and $98.0 billion in positive market change and distributions for the quarter.
• Operating revenues for Q3 2026 increased 14% year-over-year to $2,358.4 million, with investment management fees rising to $1,866.2 million and performance fees contributing $78.1 million.
• Western Asset Management (WAM) resolved parallel SEC and DOJ investigations concerning historical trade allocations, agreeing to a $100.0 million civil penalty settlement with the SEC without admitting wrongdoing.

8-K Financial Filing Analysis for Franklin Templeton (2026-08-10)

Franklin Resources, Inc. (operating as Franklin Templeton) has completed an underwritten public offering of $750 million aggregate principal amount of 5.500% Unsecured Notes due August 10, 2036. The transaction was underwritten by a syndicate represented by BofA Securities, HSBC Securities, and Wells Fargo Securities. The global asset management firm plans to use approximately $700 million of the net proceeds to pay down outstanding revolving borrowings under its Second Amended and Restated Credit Agreement, without permanently reducing lender commitments, and allocate the remainder to general corporate purposes. This refinancing effectively locks in 10-year fixed-rate financing while fully restoring capacity under its primary revolving liquidity facility.

• Issued $750,000,000 in aggregate principal amount of 5.500% Unsecured Notes maturing on August 10, 2036, with semi-annual interest payments commencing February 10, 2027.
• Allocates approximately $700,000,000 of net proceeds to pay down outstanding balances under the Second Amended and Restated Credit Agreement without commitment reductions.
• Underwriting agreement executed on August 5, 2026, represented by BofA Securities, Inc., HSBC Securities (USA) Inc., and Wells Fargo Securities, LLC.

8-K Financial Filing Analysis for KKR (2026-08-27)

On August 26, 2026, KKR & Co. Inc. entered into a Stipulation and Order with the Antitrust Division of the U.S. Department of Justice (DOJ) to resolve a civil antitrust complaint filed in January 2025 in the U.S. District Court for the Southern District of New York. The lawsuit concerned premerger notification compliance under the Hart-Scott-Rodino (HSR) Act for transactions executed in 2021 and 2022. Under the agreement, a KKR subsidiary will pay a $250.0 million civil penalty, contingent on judicial approval of a proposed final judgment, while the DOJ will release all defendants from claims and terminate all related investigations. KKR noted that the penalty will have no financial impact on the firm, its investment funds, or investors, as the entire $250.0 million will be reimbursed by outside legal counsel.

• KKR agreed to a $250.0 million settlement with the DOJ Antitrust Division resolving HSR premerger notification claims from 2021 and 2022.
• The DOJ agreed to terminate all related investigations and release KKR and its affiliates from all claims under the complaint upon court approval.
• The $250.0 million penalty will be entirely reimbursed by outside law firms, resulting in zero net financial impact on KKR, its funds, or its investors.

KKR and TotalEnergies Expand Their Joint Venture with the Addition of a 700 MW U.S. Renewables Portfolio

KKR and TotalEnergies expand their joint venture with a 700 MW U.S. renewables portfolio, announced October 12, 2026.

KKR Media Center: Recent Press Releases

KKR and TotalEnergies Expand Their Joint Venture with the Addition of a 700 MW U.S. Renewables Portfolio; KKR to Acquire Gen II Fund Services for More Than $5 Billion from Hg and General Atlantic; KKR Sells CTT's Japan and Korea Businesses to Institutional Investors; KKR & Co. Inc. to Announce Third Quarter 2026 Results; KKR to Invest in Cisternina to Build a Leading Pan-India Liquid Storage and Logistics Platform; Samsung Commits $1 Billion to Helix Digital Infrastructure to Support Global AI Infrastructure Buildout; KKR Announces Intra-Quarter Monetization Activity Update for the Third Quarter; KKR Sells Four Points Flex by Sheraton Portfolio in Japan; KKR Launches Equipment Finance Platform Akrapoint Commercial Capital; KKR and Mirastar Complete Acquisition of Portfolio of Eight UK Logistics Assets from Ares; Doha Bank and KKR Announce Memorandum of Understanding to Explore Strategic Partnership in Qatar; Neuberger and KKR to Invest in Datavant Alongside New Mountain Capital; Realty Income and KKR to Establish Euro-Denominated Joint Venture, Advancing Realty Income's Private Capital Platform; KKR Invests in Malaysian Healthcare Platform Avisena Healthcare; KKR to sell minority stake in Nordic Bioscience to Founder Claus Christiansen