KKR Warns on 2026 Profit Target Amid Murky Outlook for Deals

KKR & Co. told analysts it’s “more likely” to miss a key profit target for this year because it’s taking longer to sell assets than previously expected.

The firm may fall short of its previously disclosed goal of $7 a share of adjusted net income because the path for exiting investments has become cloudier, Chief Financial Officer Rob Lewin said on a conference call Tuesday, after KKR reported first-quarter results that beat Wall Street estimates.

“It is more likely that we land below that level,” he said. “Importantly, if that were to happen, any delayed monetizations that impact 2026 would ...