BlackRock TCP Q4 EPS Misses by 10.3% as Revenue Plunges 28%
BlackRock TCP reported adjusted Q4 EPS of $0.26 versus $0.29 expected, marking a 10.3% negative surprise, and revenues dropped 28% year-over-year to $43.92 million, missing estimates by 8.1%. The stock has declined 17.6% YTD and the company declared a Q1 dividend of $0.17 per share.
1. Fourth Quarter Financial Results
BlackRock TCP reported adjusted net investment income of $0.26 per share for the quarter ended December 2025, below consensus of $0.29 and representing a 10.3% negative surprise. Total revenues fell to $43.92 million, down 28% from $61.25 million a year earlier and missing consensus by 8.1%.
2. Year-to-Date Performance
Over the last four quarters, the company has only topped consensus EPS once, and shares have dropped 17.6% year-to-date while the S&P 500 has gained 0.9%. Mixed estimate revisions ahead of the report have left the stock with a neutral rating in its industry, which ranks in the bottom 34% of peers.
3. Dividend Declaration and Outlook
Management declared a first-quarter dividend of $0.17 per share, with consensus expecting $0.25 EPS on $45.08 million in revenue next quarter and $0.96 on $177.4 million in full-year revenues. Future share performance will hinge on upcoming estimate revisions and management commentary on the earnings call.