NASDAQ$TCPC
BlackRock TCP Capital Corp · Q4 2024 earnings
Q4 2024 earnings · · Before market open · Investor relations
Briefing
Announced 2024 financial results, including fourth quarter net investment income of $0.40 per share.
BlackRock TCP Capital Corp. reported a net investment income of $0.40 per share for the fourth quarter of 2024. The board declared a first quarter dividend of $0.25 per share and a special dividend of $0.04 per share for 2025.
- Net investment income for Q4 2024 was $33.8 million, or $0.40 per share.
- Adjusted net investment income for Q4 2024 was $30.8 million, or $0.36 per share.
- Net asset value per share was $9.23 as of December 31, 2024, compared to $10.11 as of September 30, 2024.
- Total acquisitions during Q4 2024 were approximately $120.7 million and total investment dispositions were $168.6 million.
Headline financials
Revenue & EPS history
BlackRock TCP · Revenue · Quarterly
$61.2M
Forward guidance
The Board of Directors declared a first quarter regular dividend of $0.25 per share and a special dividend of $0.04 per share, both payable on March 31, 2025. The Company intends to declare a special dividend of at least $0.02 per share of common stock in each of the second and third quarters of 2025, subject to Board approval.
Tailwinds
- First quarter regular dividend of $0.25 per share declared.
- Special dividend of $0.04 per share declared for the first quarter.
- Intention to declare a special dividend of at least $0.02 per share in each of the second and third quarters of 2025.
- Adviser voluntarily agreed to waive one-third of its base management fee for three calendar quarters beginning on January 1, 2025.
- New dividend reinvestment plan (DRIP) for the Company was approved.
Headwinds
- Higher non-accruals.
- Impact of lower base rates.
- Impact of higher expenses.
- Portfolio issues impacted results in recent quarters.
- Net decrease in net assets resulting from operations for the three months ended December 31, 2024 was $38.6 million.
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 2024
+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
| Quarter | Report date | Reaction (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% |
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