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Nuveen Churchill Direct Lending Corp. (NCDL)
NYSE:NCDL
RESEARCH TOOLSreports
Earnings Data
Report Date
Aug 06, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.48Last Year’s EPS
0.37Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 08, 2025
|% Change Since: 4.18%
|Next Earnings Date:Aug 06, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed view with robust origination activities and capital structure improvements, but also challenges from tariffs, economic uncertainty, and decreased investment income. The diversification and conservative underwriting provide strength against market volatility, while increased leverage and reduced NAV present concerns.Company Guidance
During the first quarter of 2025 earnings call, Nuveen Churchill Direct Lending Corp highlighted several key metrics reflecting their financial performance and strategic positioning. The company reported net investment income of $0.53 per share, with adjustments for non-recurring expenses bringing it to $0.56 per share, matching the previous quarter's results. New originations amounted to $166 million, primarily in senior secured first lien loans, while net asset value per share slightly declined to $17.96 from $18.18. The portfolio remained diversified with an average position size of 0.5% and a low non-accrual percentage of 0.4% of fair value. The weighted average portfolio company net leverage was under five times, and the interest coverage ratio stood at 2.4 times. The company successfully managed its capital structure by issuing $300 million in unsecured notes and reducing the overall weighted average spread on its debt to SOFR plus 202 basis points. With a strong pipeline and strategic asset rotation, Nuveen Churchill plans to maintain its focus on high-quality investments while navigating current market volatility.Strong Investment Income and Portfolio Management
Net investment income of $0.53 per share, excluding non-recurring items, was $0.56 per share, consistent with the previous quarter. The portfolio is concentrated in non-cyclical and service-oriented businesses, with a low non-accrual percentage of 0.4%.
Robust Origination and Diversification
New originations totaled $166 million in Q1, with a focus on senior secured first lien loans. The portfolio is highly diversified with an average position size of 0.5% and a top 10 concentration of only 13%.
Capital Structure Optimization
Issued $300 million of unsecured notes, resulting in a diversified and strengthened capital structure. The weighted average spread on debt decreased from SOFR plus 214 basis points to SOFR plus 202 basis points.
Share Repurchase Program
Extended the share repurchase program for another twelve months, with approximately $15 million remaining on the current authorization. The program has been effectively opportunistic, increasing activity when the stock trades at a discount.
Nuveen Churchill Direct Lending Corp. (NCDL) Earnings, Revenues Date & History
NCDL 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
NCDL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 08, 2025 | $15.56 | $14.91 | -4.18% |
Feb 27, 2025 | $17.30 | $16.98 | -1.85% |
Nov 07, 2024 | $16.11 | $16.00 | -0.68% |
Aug 07, 2024 | $15.58 | $15.61 | +0.19% |
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 Nuveen Churchill Direct Lending Corp. (NCDL) report earnings?
Nuveen Churchill Direct Lending Corp. (NCDL) is schdueled to report earning on Aug 06, 2025, TBA Not Confirmed.
What is Nuveen Churchill Direct Lending Corp. (NCDL) earnings time?
Nuveen Churchill Direct Lending Corp. (NCDL) earnings time is at Aug 06, 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 NCDL EPS forecast?
NCDL EPS forecast for the fiscal quarter 2025 (Q2) is 0.48.