The earnings call highlighted successful strategic moves, such as the conversion to a closed-end fund and CLO portfolio expansion. However, these were tempered by the net loss incurred due to market volatility and widening credit spreads in the CLO market. The company experienced operational success and positive outperformance in its agency mortgage strategy, but financial metrics reflected a challenging quarter.

Company Guidance -

Q2 2025

During the Ellington Credit Company First Quarter 2025 Financial Results Conference Call, the company reported a significant transition to a registered closed-end fund as of April 1st, 2025. This strategic conversion enabled the company to liquidate agency mortgage pools and cover TBA short positions with minimal impact, estimated at a $0.01 per share effect on net asset value. In preparation for the conversion, the company expanded its CLO portfolio by 46% to $250 million. Despite experiencing a net loss of $0.23 per share in calendar Q1, the adjusted distributable earnings were $0.26 per share, with a net interest margin increase of 20 basis points to 5.27%. The book value per share at the end of March 2025 was $6.08, with an economic return of negative 3.2%. The company's CLO portfolio saw a 46% increase by March 31st, with CLO equity comprising 66% of the total CLO holdings. As they moved into fiscal Q2, the company successfully deployed additional capital into CLO investments and maintained high levels of liquidity, with $59 million in cash and cash equivalents as of April 30th, allowing for further strategic investments amid market volatility.

Successful Conversion to Closed-End Fund

On April 1st, Ellington Credit Company completed its conversion to a registered closed-end fund, effectively selling remaining agency mortgage pools with minimal impact on net asset value.

CLO Portfolio Expansion

The company increased its CLO portfolio by 46% to $250 million during calendar Q1 and further expanded to $284 million by early May.

Agency Mortgage Strategy Outperformance

The agency mortgage strategy generated positive portfolio income of about $2.55 million for 2025, outperforming the Bloomberg US Agency MBS Index.

Net Interest Margin Increase

The overall net interest margin increased by 20 basis points to 5.27%, supported by the growing capital allocation to CLOs.

Ellington Residential Mortgage (EARN) 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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EARN Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 06, 2025	2025 (Q2)	0.24 / -	0.36	―	―	―
May 20, 2025	2025 (Q1)	0.27 / 0.26	0.27	-3.70% (-0.01)
Mar 12, 2025	2024 (Q4)	0.30 / 0.27	0.27	0.00% (0.00)
Nov 13, 2024	2024 (Q3)	0.31 / 0.28	0.21	33.33% (+0.07)
Aug 12, 2024	2024 (Q2)	0.28 / 0.36	0.17	111.76% (+0.19)
May 14, 2024	2024 (Q1)	0.25 / 0.27	0.21	28.57% (+0.06)
Mar 06, 2024	2023 (Q4)	0.23 / 0.27	0.25	8.00% (+0.02)
Nov 13, 2023	2023 (Q3)	0.24 / 0.21	0.23	-8.70% (-0.02)
Aug 10, 2023	2023 (Q2)	0.22 / 0.17	0.28	-39.29% (-0.11)
May 11, 2023	2023 (Q1)	0.24 / 0.21	0.3	-30.00% (-0.09)

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

EARN Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 20, 2025	$5.36	$5.25	-2.05%
Mar 12, 2025	$5.70	$5.50	-3.51%
Nov 13, 2024	$5.77	$5.66	-1.91%
Aug 12, 2024	$5.76	$6.00	+4.17%

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 Ellington Residential Mortgage (EARN) report earnings?

Ellington Residential Mortgage (EARN) is schdueled to report earning on Aug 06, 2025, After Close (Confirmed).

What is Ellington Residential Mortgage (EARN) earnings time?

Ellington Residential Mortgage (EARN) earnings time is at Aug 06, 2025, After Close (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 EARN EPS forecast?

EARN EPS forecast for the fiscal quarter 2025 (Q2) is 0.24.

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