The earnings call presented a mixed performance. The firm showed progress in reducing nonaccruals and declared a special dividend, indicating some positive momentum. However, significant net realized losses, a decline in NAV, and additional nonaccruals highlight ongoing challenges. The strategic acquisition of HPS by BlackRock is seen as a positive development for future growth and investment capabilities.

Company Guidance -

Q3 2025

During BlackRock TCP Capital Corp.'s second-quarter 2025 earnings call, several key performance metrics and strategic initiatives were highlighted. Notably, nonaccruals were reduced to 3.7% of the portfolio's fair market value, a decrease from 4.4% the previous quarter and 5.6% at the end of 2024. However, the net asset value (NAV) declined due to marks on previously restructured companies. The portfolio had a fair market value of approximately $1.8 billion, spread across 153 companies, with an average investment size of $11.7 million. The weighted average annual effective yield of the portfolio was 12%, with new investments yielding 10.8%. Furthermore, the Board declared a quarterly dividend of $0.25 per share and a special dividend of $0.04 per share. Net regulatory leverage stood at 1.28x, slightly above the target range, and total liquidity was $566 million.

Reduction in Nonaccruals

Nonaccruals declined to 3.7% of the portfolio's fair market value, down from 4.4% last quarter and 5.6% at the end of 2024.

Special Dividend Declared

A second quarter dividend of $0.25 and a special dividend of $0.04 per share were declared, payable on September 30.

Strategic Investments in Key Sectors

Investments included $4.1 million in The Difference Card, $6.9 million in Dragos, and $10 million in Brown & Settle, all demonstrating a focus on resilient sectors.

Portfolio Diversification

The portfolio had a fair market value of approximately $1.8 billion, invested across 153 companies in more than 20 industry sectors.

Enhanced Investment Capabilities

The acquisition of HPS by BlackRock is expected to enhance investment expertise and resources, benefiting TCPC.

BlackRock TCP Capital (TCPC) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

TCPC Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 30, 2025	2025 (Q3)	0.30 / -	0.4	―	―	―
Aug 07, 2025	2025 (Q2)	0.32 / 0.32	0.42	-23.81% (-0.10)
May 08, 2025	2025 (Q1)	0.33 / 0.38	0.45	-15.56% (-0.07)
Feb 27, 2025	2024 (Q4)	0.37 / 0.36	0.44	-18.18% (-0.08)
Nov 06, 2024	2024 (Q3)	0.37 / 0.40	0.49	-18.37% (-0.09)
Aug 07, 2024	2024 (Q2)	0.43 / 0.42	0.48	-12.50% (-0.06)
May 01, 2024	2024 (Q1)	0.44 / 0.45	0.44	2.27% (+0.01)
Feb 29, 2024	2023 (Q4)	0.47 / 0.44	0.4	10.00% (+0.04)
Nov 02, 2023	2023 (Q3)	0.47 / 0.49	0.42	16.67% (+0.07)
Aug 03, 2023	2023 (Q2)	0.43 / 0.48	0.37	29.73% (+0.11)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

TCPC Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 07, 2025	$7.20	$6.94	-3.61%
May 08, 2025	$6.36	$6.84	+7.55%
Feb 27, 2025	$8.67	$7.83	-9.69%
Nov 06, 2024	$6.89	$7.56	+9.72%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does BlackRock TCP Capital Corp. (TCPC) report earnings?

BlackRock TCP Capital Corp. (TCPC) is schdueled to report earning on Oct 30, 2025, Before Open (Confirmed).

What is BlackRock TCP Capital Corp. (TCPC) earnings time?

BlackRock TCP Capital Corp. (TCPC) earnings time is at Oct 30, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is TCPC EPS forecast?

TCPC EPS forecast for the fiscal quarter 2025 (Q3) is 0.3.

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