BlackRock TCP Capital reports Q3 EPS 32c, consensus 30c

Reports Q3 NAV per share $8.71. “We are encouraged by the progress we have made in executing against the strategic priorities we established at the start of the year – resolving challenged credits, improving the quality of our portfolio, and positioning TCPC to return to historical performance levels,” said Phil Tseng, Chairman, CEO, and Co-CIO of BlackRock TCP Capital (TCPC) Corp. “In the third quarter, non-accruals declined to 3.5% of the portfolio’s fair market value, down from 3.7% last quarter and 5.6% at the end of 2024. We have also reduced the average position size in our portfolio by making new investments in the current year with an average position size of $7.8 million compared to the average position size of $11.7 million at the end of 2024, creating a more diversified, lower risk portfolio.”