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BlackRock TCP Capital Corp. (TCPC)
NASDAQ:TCPC
Earnings Data
Report Date
Jul 30, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.32Last Year’s EPS
0.42Same Quarter Last Year
Moderate Sell
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 08, 2025
|% Change Since: 8.93%
|Next Earnings Date:Jul 30, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected both progress and ongoing challenges. Highlights included portfolio stabilization and strong liquidity, while lowlights focused on significant realized losses and persistent issues with aggregators. The sentiment is balanced with both positive and negative elements.Company Guidance
During BlackRock TCP Capital Corp.'s Q1 2025 earnings call, guidance was provided on various financial metrics and strategic directions. The company reported an adjusted net investment income of $0.36 per share, maintaining consistency with the previous quarter, and an annualized net investment income return on equity (ROE) of 15.4%. The net asset value per share slightly decreased to $9.18 from $9.23 in the prior quarter. The portfolio showed signs of stabilization, with the number of companies on nonaccrual status decreasing significantly from 12 to 8, reducing nonaccruals from 5.6% to 4.4% of the portfolio at fair value. Furthermore, BlackRock TCP Capital exited nonaccrual positions in several companies, leading to a decrease in the pro-forma nonaccrual percentage to 4.1% at fair value. The company declared a second quarter dividend of $0.25 and a special dividend of $0.04 per share. Additionally, BlackRock TCP Capital emphasized its focus on investing in first lien loans and maintaining a diversified portfolio, with 90% of the portfolio in senior secured debt and 94% of that amount as floating rate. The weighted average annual effective yield of the portfolio was reported at 12.2%. The call also highlighted the company's ongoing efforts to optimize outcomes for challenged investments and the strategic benefits of leveraging BlackRock's extensive resources.Portfolio Stabilization
The number of portfolio companies on nonaccrual status declined significantly to eight from 12 in the prior quarter, reducing the nonaccrual percentage at fair value to 4.4%, down from 5.6%.
Dividend Announcement
Declared a second quarter dividend of $0.25 and a special dividend of $0.04 per share, indicating a return of value to shareholders.
Growth in Job and Talent Investment
Provided growth capital to Job and Talent, which is delivering year-over-year revenue growth and higher profitability, resulting in a meaningful markup this quarter.
Strong Liquidity Position
Total liquidity increased to $629 million, with $530 million of available leverage and $99 million of cash.
Net Leverage in Target Range
Net leverage at the end of the quarter was 1.13 times, well within the target range of 0.9 times to 1.2 times.
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TCPC 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
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TCPC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| May 08, 2025 | $6.61 | $7.10 | +7.41% |
| Feb 27, 2025 | $9.00 | $8.14 | -9.56% |
| Nov 06, 2024 | $7.16 | $7.85 | +9.64% |
| Aug 07, 2024 | $8.79 | $8.01 | -8.87% |
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.
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FAQ
When does BlackRock TCP Capital Corp. (TCPC) report earnings?
BlackRock TCP Capital Corp. (TCPC) is schdueled to report earning on Jul 30, 2025, TBA Not Confirmed.
What is BlackRock TCP Capital Corp. (TCPC) earnings time?
BlackRock TCP Capital Corp. (TCPC) earnings time is at Jul 30, 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 TCPC EPS forecast?
TCPC EPS forecast for the fiscal quarter 2025 (Q2) is 0.32.
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