BCP Investment Corporation (BCIC) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

May 13, 2026

After Close (Confirmed)

Period Ending

2026 (Q1)

Consensus EPS Forecast

0.43

Last Year’s EPS

0.47

Same Quarter Last Year

Analyst Consensus

Moderate Buy

Based on 3 Analysts Ratings

Earnings Call Summary

Q4 2025

Earnings Call Date:Mar 05, 2026|

% Change Since:

Earnings Call Sentiment|Negative

The call highlighted meaningful strategic actions — merger integration, rebranding, debt refinancing, accretive buybacks, and a move to monthly distributions — and management emphasized portfolio diversification and potential NAV upside scenarios. However, these positives are materially offset by credit and performance headwinds: nonaccruals spiked to represent roughly 47% of the portfolio at fair value, NAV declined 9.6% QoQ (NAV per share down 5.0%), core NII failed to cover the dividend by ~ $2.0 million in the quarter, and originations lagged repayments leading to portfolio shrinkage. Given the scale of the credit deterioration and its direct impact on NAV and earnings coverage, the negatives outweigh the strategic and balance-sheet improvements.

Company Guidance

The company’s near-term guidance focused on shareholder returns and balance-sheet flexibility: the Board approved a quarterly base distribution of $0.32 per share for the quarter ended 03/31/2026 and a transition to monthly base payments (approved at $0.09 per share for each of April, May and June 2026) while retaining the potential for quarterly supplemental distributions; it also authorized a renewed stock repurchase program of up to $10.0 million (following a December tender that bought ~558,000 shares for ~$7.6 million and was accretive to NAV by $0.18 per share). Capital structure actions intended to reduce near-term refinancing risk include issuance of $75.0 million of 7.75% notes due October 2030 and $35.0 million of 7.50% notes due October 2028 and redemption of 4.875% notes due 2026; at 12/31/2025 total borrowings were $312.3 million at a 6.9% weighted average contractual rate (prior quarter $324.6M at 6.1%), with gross/net leverage of 1.5x/1.4x (vs 1.4x/1.3x) and $124.7 million of available revolver capacity. Management expects more M&A activity in 2026 and to deploy capital selectively (Q4 originations $9.6M vs repayments/sales $40.4M, net repayments ~$30.8M) while prioritizing buybacks when deployment economics are unattractive; portfolio and yield metrics underpinning this view include Q4 yield on par of new debt investments of 11.8% (weighted average annualized yield 12.9% excl. nonaccruals/CLO income), a diversified portfolio across 34 industries (software ~12.5% of fair value), and an investment portfolio (ex-NPLs/CLOs/JVs/equities) of $391.7M at fair value (blended price 92.7% of par, 81.5% first lien). Reported operating baselines to frame expectations were Q4 net investment income $7.4M ($0.57/sh) and core NII $4.1M ($0.32/sh), full‑year NII $25.1M ($2.28/sh), and NAV of $209.2M ($16.68/sh, down $22.1M or 9.6% q/q); management also highlighted optional upside in stressed recovery scenarios (par recovery implies ~$30.9M incremental net value or a 14.8% uplift to NAV; an illustrative 10% default / 70% recovery scenario implies ~$1.46 per share of NAV or an 8.7% increase).

Strategic Merger and Rebranding

Completed merger with Logan Ridge in July 2025 and executed a rebranding/name change in August 2025 to align with the BC Partners Credit platform, enhancing scale, diversification, and positioning for future M&A.

Share Repurchase and Tender Offer Accretive to NAV

Completed a December tender offer purchasing ~558,000 shares for ~$7.6 million, which was accretive to NAV by $0.18 per share; Board also authorized a renewed $10 million stock purchase program.

Refinanced Near-Term Debt to Improve Maturity Ladder

Refinanced $108 million of unsecured notes due April 2026 by issuing $75 million of 7.75% notes due Oct 2030 and $35 million of 7.50% notes due Oct 2028, reducing near-term refinancing risk and better laddering the capital structure.

Dividend Policy Updated to Monthly Base Payments

Board approved quarterly base distribution of $0.32 per share for the quarter ended 03/31/2026 and transitioned to monthly base distributions (approved $0.09 per share for April–June 2026), retaining potential supplemental distributions.

Portfolio Diversification and Potential NAV Upside

Debt investment portfolio (excluding CLOs, equities, JVs, and nonaccruals) totaled $391.7 million at fair value, blended price 92.7% of par, 81.5% first-lien by par; firm noted potential incremental net value of $30.9 million (14.8% increase to NAV) and illustrative scenario (10% default / 70% recovery) yielding incremental $1.46 per share of NAV (8.7%).

Disciplined Capital Management and Selective Deployment

Management emphasized disciplined origination (Q4 originations $9.6 million) and selectivity given elevated competition; sold/received repayments of $40.4 million in Q4 (net repayments/sales ~$30.8 million) to prioritize risk-adjusted returns and use proceeds for buybacks and balance sheet management.

Yearly Operating Results and Expense Reductions

Full-year net investment income was $25.1 million ($2.28 per share) versus $24.0 million ($2.59 per share) in 2024; total expenses for 2025 were $36.2 million, down $2.2 million year-over-year (driven by lower incentive fees).

BCP Investment Corporation (BCIC) 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

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BCIC Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
May 13, 2026	2026 (Q1)	0.43 / -	0.47	―	―	―
Mar 05, 2026	2025 (Q4)	0.54 / 0.57	0.6	-5.00% (-0.03)
Nov 06, 2025	2025 (Q3)	0.51 / 0.70	0.63	11.11% (+0.07)
Aug 07, 2025	2025 (Q2)	0.53 / 0.50	0.7	-28.57% (-0.20)
May 08, 2025	2025 (Q1)	0.60 / 0.47	0.67	-29.85% (-0.20)
Mar 13, 2025	2024 (Q4)	0.65 / 0.60	1.19	-49.58% (-0.59)
Nov 07, 2024	2024 (Q3)	0.68 / 0.63	0.75	-16.00% (-0.12)	―	―
Aug 08, 2024	2024 (Q2)	0.68 / 0.70	0.83	-15.66% (-0.13)
May 08, 2024	2024 (Q1)	0.72 / 0.67	0.89	-24.72% (-0.22)
Mar 13, 2024	2023 (Q4)	0.79 / 1.19	0.74	60.81% (+0.45)

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

BCIC Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Mar 05, 2026	$10.99	$9.54	-13.13%
Nov 06, 2025	$11.24	$11.69	+4.04%
Aug 07, 2025	$10.91	$10.99	+0.73%
May 08, 2025	$10.59	$10.40	-1.86%

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 Bcp Investment Corporation (BCIC) report earnings?

Bcp Investment Corporation (BCIC) is schdueled to report earning on May 13, 2026, After Close (Confirmed).

What is Bcp Investment Corporation (BCIC) earnings time?

Bcp Investment Corporation (BCIC) earnings time is at May 13, 2026, After Close (Confirmed).

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What is BCIC EPS forecast?

BCIC EPS forecast for the fiscal quarter 2026 (Q1) is 0.43.