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TCG BDC Inc (CGBD)
NASDAQ:CGBD
Earnings Data
Report Date
Aug 12, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.39Last Year’s EPS
0.51Same Quarter Last Year
Moderate Sell
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 06, 2025
|% Change Since: -3.02%
|Next Earnings Date:Aug 12, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture with notable portfolio growth and strategic benefits from the CSL III merger but was counterbalanced by challenges such as declining NAV, increased non-accruals, and headwinds from declining base rates. The company maintains its dividend and portfolio stability despite these challenges.Company Guidance
During the first quarter of 2025, Carlyle Secured Lending, Inc. reported GAAP net investment income of $0.40 per share and adjusted net investment income of $0.41 per share, reflecting an annualized yield of approximately 10% on their March 31 NAV of $16.63 per share. The company's total assets increased from $1.9 billion to $2.5 billion, bolstered by strategic activities, including a merger with CSL III, adding $490 million in new investments, and the consolidation of Credit Fund II, which increased the portfolio size by $127 million. The Board declared a second-quarter dividend of $0.40 per share. Despite challenges from declining base rates and tight market spreads, the company added approximately $180 million in organic originations, with 94% of investments in senior secured loans and a median portfolio EBITDA of $87 million. The company remains focused on maintaining a diverse portfolio with minimal direct tariff exposure, while also addressing headwinds in market spreads and leveraging strategic partnerships to optimize returns.Significant Portfolio Growth
The total assets increased from $1.9 billion to $2.5 billion this quarter based on net investment and strategic activity, including the merger with CSL III and the consolidation of Credit Fund II's assets.
Strategic Merger Benefits
The merger with CSL III increased scale and eliminated preferred stock dilution overhang, with Carlyle exchanging its investment at NAV. This is expected to improve stock liquidity and reduce costs.
Consistent Dividend Declaration
The Board declared a second quarter dividend of $0.40 per share, maintaining an attractive yield of about 11% based on the recent share price.
Stable Portfolio Composition
The portfolio is diversified across 195 investments in 138 companies over more than 25 industries, with 94% of investments in senior secured loans.
CGBD Earnings History
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
CGBD Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 06, 2025 | $14.24 | $13.64 | -4.21% |
Feb 25, 2025 | $17.06 | $17.39 | +1.93% |
Nov 05, 2024 | $15.95 | $15.58 | -2.32% |
Aug 05, 2024 | $15.62 | $15.05 | -3.65% |
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 TCG BDC Inc (CGBD) report earnings?
TCG BDC Inc (CGBD) is schdueled to report earning on Aug 12, 2025, TBA Not Confirmed.
What is TCG BDC Inc (CGBD) earnings time?
TCG BDC Inc (CGBD) earnings time is at Aug 12, 2025, TBA Not 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 CGBD EPS forecast?
CGBD EPS forecast for the fiscal quarter 2025 (Q2) is 0.39.