This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

NGP Capital Resources Company Q1 2010 Earnings Call Transcript

Operating expenses decreased in the first quarter in 2010 as compared to 2009 and this was largely the result of lower management fees and lower interest expense. Net unrealized appreciation for the quarter was $2.6 million after a small provision for income tax as we had modest increases in the evaluations of a couple of our portfolio investments. We did not have any realized gains or losses in the first quarter.

Our net asset value per share as of quarter end after giving effect to the 17% per share dividend and the results for operations was $11.17.

We currently have through our investment facility cash on hand and scheduled repayments during the year in excess of $100 million for new investment activity during 2010.

In our recently filed annual report on Form 10-K for 2009, we’ve restated our financial statements for the years ending December 31, 2007 and 2008. The restatement principally involved noncash accounting entries related to the net deferred tax asset and liability balances that typically arises as a result of timing differences in tax and GAAP accounting. In our case these differences were driven by unrealized appreciation and depreciation in certain of our portfolio investments that are held in taxable subsidiaries.

While the 2009 10-K corrected the financial statements for the calendar years of 2007 and 2008 we will also file amended 10-Qs to correct the interim financial statements for each quarter in the years 2007, 2008 and 2009. We intend to file the amended 10-Qs for the first quarters of these three years 2007, 2008 and 2009 along with our 10-Q for the first quarter of 2010, so that the comparisons among the various first quarters can be made accurately. We will file the amended 10-Qs for the second and third quarters of 2007, 2008 and 2009 within the next several weeks.

Read the rest of this transcript for free on

3 of 3

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs