NGP Capital Resources Company Announces Third Quarter 2010 Financial Results And Portfolio Activity

On October 18, 2010, we closed a $25.0 million Senior Secured Term Loan (the "Contour Term Loan") with Pallas Contour Mining, LLC, a privately held highwall mining company based in West Virginia, and we funded our initial investment of $15.0 million. The Contour Term Loan pays cash interest at 14% per annum.

In October 2010, we purchased an additional $1.9 million face amount of GMX Notes in the secondary market. We purchased the GMX Notes, which bear interest at 5%, at a discount, resulting in an expected yield to maturity of approximately 15%.

In October 2010, we sold our overriding royalty interest associated with our BSR Holdings, LLC investment, and BSR Holdings, LLC sold all of its oil and gas working interests for gross proceeds of $340,000. We estimate that our realized capital loss, net of fees and expenses, will be approximately $5,000 on the sale and we will reverse $85,000 of unrealized appreciation.

On October 4, 2010, we sold all of our interests in Formidable, LLC ("Formidable"), Formidable's subsidiaries, and all associated rights and claims between Formidable and us for $6.0 million. The sale price comprised a $3.0 million cash payment and a promissory note for $3.0 million issued by Powder River Acquisitions, LLC that was personally guaranteed by its owner. The note bears interest at 8% per annum and has a maturity of one year. We estimate that our realized capital loss will be approximately $33.3 million and we will reverse $34.0 million of previously recorded unrealized depreciation.

Conference Call at 11:00 a.m. Eastern Time on November 9, 2010  

We invite all interested persons to participate in our conference call on November 9, 2010 at 11:00 a.m. Eastern Time. The dial-in number for the call is [phone]. International callers should dial [phone].

We will maintain an audio replay of the call from 2:00 p.m. Eastern Time on November 9, 2010 through midnight November 15, 2010. The replay dial-in number is [phone]. International callers should dial [phone]. The replay pass code is 20916195. The call will also be accessible via the internet, on our Investor Relations page at www.ngpcrc.com .

NGP CAPITAL RESOURCES COMPANY
CONSOLIDATED BALANCE SHEETS
	September 30, 2010	December 31, 2009
	(Unaudited)
Assets
Investments in portfolio securities at fair value
Control investments - majority owned
(cost: $126,227,931 and $118,590,412, respectively)	$ 77,161,810	$ 72,449,620
Affiliate investments
(cost: $34,096,517 and $30,727,367, respectively)	33,216,052	31,578,945
Non-affiliate investments
(cost: $78,812,538 and $92,832,647, respectively)	76,884,017	86,965,378
Investments in corporate notes at fair value
(cost: $11,502,179 and $11,539,564, respectively)	10,413,838	9,062,200
Investments in commodity derivative instruments at fair value
(cost: $0 and $30,100, respectively)	--	49,000
Total investments	197,675,717	200,105,143
Cash and cash equivalents	95,315,228	108,288,217
Accounts receivable and other current assets	1,937,783	2,115,663
Interest receivable	879,360	1,241,609
Prepaid assets	1,308,235	2,201,468
Deferred tax assets	3,867,362	2,979,209
Total current assets	103,307,968	116,826,166
Total assets	$ 300,983,685	$ 316,931,309
Liabilities and stockholders' equity (net assets)
Current liabilities
Accounts payable and accrued expenses	$ 1,010,799	$ 1,098,414
Management and incentive fees payable	1,409,553	1,415,866
Payables for investment securities purchased	2,856,806	--
Dividends payable	3,676,794	3,676,794
Income taxes payable	48,837	62,321
Total current liabilities	9,002,789	6,253,395
Deferred tax liabilities	3,890,519	3,002,366
Long-term debt	50,000,000	67,500,000
Total liabilities	62,893,308	76,755,761
Commitments and contingencies
Stockholders' equity (net assets)
Common stock, $.001 par value, 250,000,000 shares authorized;
21,628,202 shares issued and outstanding	21,628	21,628
Paid-in capital in excess of par	295,174,063	295,174,063
Undistributed net investment income (loss)	(7,898,735)	(4,944,530)
Undistributed net realized capital gain (loss)	(110,492)	--
Net unrealized appreciation (depreciation) of portfolio securities,
corporate notes and commodity derivative instruments	(49,096,087)	(50,075,613)
Total stockholders' equity (net assets)	238,090,377	240,175,548
Total liabilities and stockholders' equity (net assets)	$ 300,983,685	$ 316,931,309
Net asset value per share	$ 11.01	$ 11.10

NGP CAPITAL RESOURCES COMPANY
CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)
	For The Three Months Ended		For The Nine Months Ended
	September 30, 2010	September 30, 2009	September 30, 2010	September 30, 2009
Investment income
Interest and dividend income:
Control investments - majority owned	$ 1,188,139	$ 967,554	$ 3,384,042	$ 967,554
Affiliate investments	959,298	1,158,016	2,692,192	3,959,181
Non-affiliate investments	3,011,209	3,965,629	9,568,456	13,731,339
Royalty income (loss), net of amortization:
Control investments - majority owned	522,473	828,553	1,277,258	894,233
Non-affiliate investments	(75,337)	(1,755,557)	(1,038,012)	(5,489,340)
Commodity derivative income, net of expired options	--	829,946	16,079	5,884,027
Other income	640,000	27,526	1,570,000	144,264
Total investment income	6,245,782	6,021,667	17,470,015	20,091,258
Operating expenses
Management and incentive fees	1,409,553	1,540,756	4,171,952	5,021,782
Professional fees	159,960	214,591	646,936	701,217
Insurance expense	185,658	199,959	556,974	600,140
Interest expense and fees	339,073	446,600	956,254	2,541,151
Other general and administrative expenses	973,024	718,585	2,763,012	2,261,123
Total operating expenses	3,067,268	3,120,491	9,095,128	11,125,413
Net investment income before income taxes	3,178,514	2,901,176	8,374,887	8,965,845
Benefit (provision) for income taxes	(808,279)	2,321	(298,709)	15,314
Net investment income	2,370,235	2,903,497	8,076,178	8,981,159
Net realized capital gain (loss) on investments
Net realized capital gain (loss) on portfolio securities,
and corporate notes:
Control investments - majority owned	--	--	--	(350,000)
Non-affiliate investments	--	--	--	296,037
Benefit (provision) for taxes on capital gain (loss)	(91,879)	--	(110,492)	119,000
Total net realized capital gain (loss) on investments	(91,879)	--	(110,492)	65,037
Net unrealized gain (loss) on investments
Net increase (decrease) in unrealized appreciation
(depreciation) on portfolio securities, corporate
notes and commodity derivative instruments:
Control investments - majority owned	(2,838,653)	1,688,108	(2,925,328)	(3,056,931)
Affiliate investments	(1,542,752)	4,511,162	(1,732,043)	5,105,390
Non-affiliate investments	1,261,745	5,113,957	5,308,870	(19,724,604)
Benefit for taxes on unrealized gain (loss)	905,413	513,400	328,027	2,154,226
Total net unrealized gain (loss) on investments	(2,214,247)	11,826,627	979,526	(15,521,919)
Net increase (decrease) in stockholders' equity
(net assets) resulting from operations	$ 64,109	$ 14,730,124	$ 8,945,212	$ (6,475,723)
Net increase (decrease) in stockholders' equity (net assets)
resulting from operations per common share	$ --	$ 0.68	$ 0.42	$ (0.30)

	For The Three Months Ended		For The Nine Months Ended
Per Share Data (1)	September 30, 2010	September 30, 2009	September 30, 2010	September 30, 2009
	(unaudited)	(unaudited)	(unaudited)	(unaudited)
Net asset value, beginning of period	$ 11.18	$ 10.85	$ 11.10	$ 12.15
Net investment income	0.11	0.13	0.37	0.42
Net realized and unrealized gain (loss) on portfolio securities,
corporate notes and commodity derivative instruments	(0.11)	0.55	0.05	(0.72)
Net increase (decrease) in stockholders' equity (net assets)
resulting from operations	--	0.68	0.42	(0.30)
Net asset value before dividends	11.18	11.53	11.52	11.85
Dividends declared	(0.17)	(0.15)	(0.51)	(0.47)
Net asset value, end of period	$ 11.01	$ 11.38	$ 11.01	$ 11.38
(1) Per Share Data is based on common shares outstanding at the end of the period.

About NGP Capital Resources Company

NGP Capital Resources Company is a closed-end, non-diversified management investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940. We principally invest in energy related private companies and from time to time, we may also invest in public companies. We invest primarily in senior secured and mezzanine loans according to our business plan and in some instances receive equity investments in portfolio companies in connection with such investments. Our manager is NGP Investment Advisor, LP, an affiliate of NGP Energy Capital Management, L.L.C. NGP Energy Capital Management, L.L.C., based in Irving, Texas, is a leading investment firm with over $9.5 billion of cumulative capital under management since inception, serving all sectors of the energy industry.

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