The earnings call highlighted progress in reducing nonaccruals, strategic investments, and benefits from the BlackRock-HPS acquisition. However, challenges remain with a decline in NAV, new nonaccruals, and net realized losses. Investment income also decreased compared to the previous quarter.

Company Guidance

During BlackRock TCP Capital Corp.'s second-quarter earnings call for fiscal year 2025, management provided detailed guidance on financial performance and strategic initiatives. The nonaccruals in the portfolio were reduced to 3.7% of the portfolio's fair market value, down from 4.4% in the previous quarter. The net asset value (NAV) experienced a decline, driven by marks on previously restructured companies, while the net realized losses were approximately $66 million or $0.78 per share. Net unrealized gains were $23 million or $0.27 per share. The portfolio's fair market value was approximately $1.8 billion, with a weighted average annual effective yield of 12% for the second quarter. The company's liquidity stood at $566 million, with net regulatory leverage at 1.28x. The Board declared a second-quarter dividend of $0.25 per share and a special dividend of $0.04 per share. Additionally, BlackRock's recent acquisition of HPS and the formation of the Private Financing Solutions platform are expected to enhance TCPC's sourcing, underwriting, and portfolio management capabilities.

Reduction in Nonaccruals

Nonaccruals declined to 3.7% of the portfolio's fair market value, down from 4.4% last quarter and 5.6% at the end of 2024.

Successful Portfolio Restructuring

Four large investments were removed from nonaccrual status this quarter, including InMoment, SellerX, Lithium, and Renovo.

Strong New Investments

Invested $178 million in 13 new and 11 existing portfolio companies, focusing on first lien loans and businesses with long-term growth drivers.

Strategic Acquisition Benefits

BlackRock's acquisition of HPS and the creation of the Private Financing Solutions platform enhances investment expertise and resources.

Dividend Declaration

A second quarter dividend of $0.25 and a special dividend of $0.04 per share were declared, payable on September 30.

BlackRock TCP Capital (TCPC) 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

Daily Earnings Calendar >

TCPC Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 30, 2025	2025 (Q3)	0.30 / -	0.4	―	―	―
Aug 07, 2025	2025 (Q2)	0.32 / 0.32	0.42	-23.81% (-0.10)
May 08, 2025	2025 (Q1)	0.33 / 0.38	0.45	-15.56% (-0.07)
Feb 27, 2025	2024 (Q4)	0.37 / 0.36	0.44	-18.18% (-0.08)
Nov 06, 2024	2024 (Q3)	0.37 / 0.40	0.49	-18.37% (-0.09)
Aug 07, 2024	2024 (Q2)	0.43 / 0.42	0.48	-12.50% (-0.06)
May 01, 2024	2024 (Q1)	0.44 / 0.45	0.44	2.27% (+0.01)
Feb 29, 2024	2023 (Q4)	0.47 / 0.44	0.4	10.00% (+0.04)
Nov 02, 2023	2023 (Q3)	0.47 / 0.49	0.42	16.67% (+0.07)
Aug 03, 2023	2023 (Q2)	0.43 / 0.48	0.37	29.73% (+0.11)

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

TCPC Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 07, 2025	$7.20	$6.94	-3.61%
May 08, 2025	$6.36	$6.84	+7.55%
Feb 27, 2025	$8.67	$7.83	-9.69%
Nov 06, 2024	$6.89	$7.56	+9.72%

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 BlackRock TCP Capital Corp. (TCPC) report earnings?

BlackRock TCP Capital Corp. (TCPC) is schdueled to report earning on Oct 30, 2025, Before Open (Confirmed).

What is BlackRock TCP Capital Corp. (TCPC) earnings time?

BlackRock TCP Capital Corp. (TCPC) earnings time is at Oct 30, 2025, Before Open (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 (Q3) is 0.3.

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