NASDAQ$TCPC

BlackRock TCP Capital Corp · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

BlackRock TCP Capital Corp. reported fourth quarter financial results, including net investment income of $0.40 per share, exceeding the dividend of $0.32 per share.

BlackRock TCP Capital Corp. announced its financial results for the fourth quarter and year ended December 31, 2022. The company reported net investment income for the quarter ended December 31, 2022 was $23.0 million, or $0.40 per share on a diluted basis.

  • Net investment income for the quarter ended December 31, 2022 was $23.0 million, or $0.40 per share on a diluted basis.
  • Net asset value per share was $12.93 at December 31, 2022.
  • Net decrease in net assets from operations for the quarter ended December 31, 2022 was $47.8 million, or $0.83 per share.
  • Total acquisitions during the quarter ended December 31, 2022 were $74.9 million and total dispositions were $75.4 million.

Headline financials

Total Revenue

$46.7M

Previous: $39.6M+18.0%
EPS (adj)

$0.40

Previous: $0.31+29.0%
Net Income

$23M

Previous: $32.6M-29.4%
Operating Income

$23M

Previous: $17.6M+30.7%
Cash & Equivalents

$82.4M

Previous: $19.6M+321.6%
Total Assets

$1.72B

Previous: $1.89B-9.2%

Revenue & EPS history

BlackRock TCP · Revenue · Quarterly

$46.7M

Q4 2022+18%vs Q4 2021
Beat estimate in 2 of 12 quarters(17%)
ActualEstimate

Forward guidance

BlackRock TCP Capital Corp. expects to continue to invest in senior secured loans, bonds and subordinated debt, as well as select equity investments, to obtain a high level of current income, with an emphasis on principal protection.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q4 2022

Historical avgQ4 2022

+0.9%

Avg return

Earnings day

+1.4%

Avg return

5 days after

+0.8%

Avg return

30 days after

63%

12 / 19 earnings

Positive

+11.7%

Q3 2024

Best reaction

-10.5%

Q4 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.2%-3.2%-15.8%
Q4 2025-9.3%-8.4%-23.7%
Q3 2025+4.7%+3.6%+10.5%
Q1 2025+7.4%+15.3%+18.3%
Q4 2024-9.6%-12.7%-14.5%
Q3 2024+11.7%+11.9%+20.4%
Q2 2024-8.2%-12.6%-8.4%
Q1 2024+2.1%+3.7%+9.9%
Q4 2023-5.5%-5.5%-6.5%
Q3 2023+6.6%+5.7%+12.9%
Q2 2023+6.9%+5.4%+3.7%
Q1 2023+5.6%+6.4%+9.5%
Q4 2022-10.5%-8.1%-20.8%
Q3 2022+10.7%+12.7%+10.2%
Q2 2022+1.2%+4.4%+2.1%
Q1 2022+0.7%-0.5%-1.3%
Q4 2021+1.8%+1.3%+4.6%
Q3 2021-0.5%-0.1%-5.3%
Q4 2020+2.3%+7.8%+10.4%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro