BlackRock TCP Capital sees Q4 EPS 24c-26c, consensus 27c

Core Insights - The company anticipates a decline in net asset value (NAV) per share to between $7.05 and $7.09 as of December 31, 2025, representing a decrease of approximately 19% from $8.71 as of September 30, 2025, primarily due to issuer-specific developments [1] - The expected net investment income per share for the quarter ending December 31, 2025, is projected to be between 24 cents and 26 cents, which includes about 10.9% of payment-in-kind income [1] - Debt investments classified as non-accrual status are expected to account for approximately 4% of the company's portfolio at fair value and about 9.6% at cost as of December 31, 2025, compared to 3.5% at fair value and 7.0% at cost as of September 30, 2025 [1]