Every 10-Q that Keurig Dr Pepper Inc (KDP) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow KDP and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full KDP filings page.
Keurig Dr Pepper Inc. reported a transformational quarter driven by the April 1, 2026 acquisition of JDE Peet’s and the creation of a pod manufacturing joint venture. Second-quarter net sales rose to $7,309 million from $4,163 million a year earlier, but net income attributable to KDP fell to $142 million from $547 million as higher interest expense, acquisition-related costs, and inventory step-up amortization weighed on earnings. For the first six months, net sales were $11,285 million versus $7,798 million, while net income attributable to KDP declined to $412 million from $1,064 million.
KDP paid $17,930 million in total consideration for JDE Peet’s, funded through a mix of a €10.35 billion delayed draw term loan facility, approximately $6.1 billion of new senior unsecured Notes, a $4.0 billion JV Investment that introduced non-controlling interests, and $4.5 billion of Convertible Preferred Stock. Total assets increased to $87,619 million and total liabilities to $53,973 million at June 30, 2026, with long-term obligations rising to $21,586 million. Operating cash flow strengthened to $1,176 million in the first half, while investing outflows of $16,899 million reflect the JDE Peet’s Acquisition.
Keurig Dr Pepper reported first quarter 2026 results showing higher sales but sharply lower profit as it financed the acquisition of JDE Peet’s. Net sales rose to $3,976 million from $3,635 million, driven by 9.4% growth led by U.S. Refreshment Beverages and international price increases.
Net income fell to $270 million from $517 million and diluted EPS declined to $0.20 from $0.38, as interest expense nearly doubled and FX hedging losses tied to the JDE Peet’s funding hit results. Operating margin slipped to 19.0% from 22.0% and gross margin to 52.8% from 54.6%.
To fund the €15.11 billion JDE Peet’s acquisition, the company raised roughly $6.0 billion through Maple Notes, drew $3.6 billion from a term loan, completed a $4.0 billion pod manufacturing joint venture, and issued $4.5 billion of Convertible Preferred Stock, leaving about $17.8 billion of restricted cash dedicated to the deal as of March 31, 2026.
Keurig Dr Pepper (KDP) reported stronger Q3 performance. Net sales were $4,306 million versus $3,891 million a year ago, and net income was $662 million with diluted EPS of $0.49. For the first nine months, net sales reached $12,104 million and net income was $1,726 million. Segment Q3 net sales: U.S. Refreshment Beverages $2,735 million, U.S. Coffee $991 million, and International $580 million.
Strategic and financing updates: KDP agreed to a tender offer for JDE Peet’s at €31.85 per share, expected in the first half of 2026, subject to regulatory approvals and shareholder acceptance. To support the plan, KDP secured an undrawn €16.2 billion 364‑day bridge facility and increased its revolving credit capacity to $4.3 billion. In May, it issued $2 billion of new notes and repaid 2025 Merger Notes at maturity. Operating cash flow for the first nine months was $1,279 million; cash and cash equivalents were $516 million at quarter end.