TriplePoint Venture Growth BDC (TPVG) Tops Q2 EPS by 10c

TriplePoint Venture Growth BDC (NYSE: TPVG) reported Q2 EPS of $0.50, $0.10 better than the analyst estimate of $0.40.

• Record total investment income of $16.6 million, or $0.93 per share;
• Earned net investment income of $8.8 million, or $0.50 per share;
• Record net increase in net assets of $8.4 million, or $0.47 per share;
• Net asset value increased $0.11 per share to $13.45;
• Signed $212.0 million of new term sheets and closed $140.4 million of new debt commitments;
• Funded $52.9 million in debt investments with a 13.4% weighted average annualized portfolio yield at origination;
• Achieved a 17.2% weighted average annualized portfolio yield on debt investments;
• Generated a 14.2% return on average equity in the second quarter of 2018;
• Amazon Inc. closed its acquisition of portfolio company Ring, Inc. and announced its planned acquisition of portfolio company PillPack, Inc.;
• Ended the quarter with 0.68x leverage ratio;
• Obtained shareholder approval for reduced asset coverage requirement from 200% to 150%, effective June 22, 2018; and
• Declared third quarter distribution of $0.36 per share, payable on September 14, 2018.

For earnings history and earnings-related data on TriplePoint Venture Growth BDC (TPVG) click here.

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• Boost Run, Inc. (BRUN) Reports Q2 Revenue of $31.1M
• JD.com (JD) Reiterated at Buy by Benchmark Amid Earnings Recovery