NGP Capital Resources Company Announces Declaration Of Quarterly Dividend, 2010 Financial Results And Portfolio Activity

Conference Call at 11:00 a.m. Eastern Time on March 11, 2011

The Company invites all interested persons to participate in its conference call on March 11, 2011 at 11:00 a.m. Eastern Time. The dial-in number for the call is [phone]. International callers should dial [phone].   

The Company will maintain an audio replay of the call from 2:00 p.m. Eastern Time on March 11, 2011 through midnight March 17, 2011. The replay dial-in number is [phone]. International callers should dial [phone]. The replay pass code is 49195763. 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
	December 31, 2010	December 31, 2009
Assets
Investments in portfolio securities at fair value
Control investments - majority owned (cost: $89,502,910 and $118,590,412, respectively)	$ 70,973,316	$ 72,449,620
Affiliate investments  (cost: $34,146,328 and $30,727,367, respectively)	33,064,028	31,578,945
Non-affiliate investments  (cost: $114,852,057 and $104,372,211, respectively)	112,025,645	96,027,578
Investments in commodity derivative instruments at fair value (cost: $0 and $30,100, respectively)	--	49,000
Total investments	216,062,989	200,105,143
Cash and cash equivalents	68,456,908	108,288,217
Accounts receivable and other current assets	3,095,882	2,115,663
Interest receivable	2,236,122	1,241,609
Prepaid assets	1,736,732	2,201,468
Deferred tax assets	--	2,979,209
Total current assets	75,525,644	116,826,166
Total assets	$ 291,588,633	$ 316,931,309
Liabilities and stockholders' equity (net assets)
Current liabilities
Accounts payable and accrued expenses	$ 525,111	$ 1,098,414
Management and incentive fees payable	1,376,032	1,415,866
Dividends payable	3,893,076	3,676,794
Income taxes payable	50,350	62,321
Total current liabilities	5,844,569	6,253,395
Deferred tax liabilities	18,136	3,002,366
Long-term debt	50,000,000	67,500,000
Total liabilities	55,862,705	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	293,789,803	295,174,063
Undistributed net investment income (loss)	(7,845,925)	(4,944,530)
Undistributed net realized capital gain (loss)	(32,778,782)	--
Net unrealized appreciation (depreciation) of portfolio securities and commodity derivative instruments	(17,460,796)	(50,075,613)
Total stockholders' equity (net assets)	235,725,928	240,175,548
Total liabilities and stockholders' equity (net assets)	$ 291,588,633	$ 316,931,309
Net asset value per share	$ 10.90	$ 11.10

 

NGP CAPITAL RESOURCES COMPANY
CONSOLIDATED STATEMENTS OF OPERATIONS
	For The Three Months Ended		Year Ended	Year Ended
	December 31, 2010	December 31, 2009	December 31, 2010	December 31, 2009
	unaudited	unaudited	audited	audited
Investment income
Interest and dividend income:
Control investments - majority owned	$ 795,578	$ 1,007,173	$ 4,179,620	$ 1,974,727
Affiliate investments	982,060	826,733	3,674,252	4,785,915
Non-affiliate investments	3,584,797	3,025,606	13,153,253	16,756,945
Royalty income (loss), net of amortization:
Control investments - majority owned	514,424	352,251	1,791,682	1,246,484
Non-affiliate investments	193,033	(976,559)	(844,979)	(6,465,901)
Commodity derivative income, net of expired options	--	115,905	16,079	5,999,932
Other income	45,151	77,499	1,615,151	221,765
Total investment income	6,115,043	4,428,608	23,585,058	24,519,867
Operating expenses
Management and incentive fees	1,376,032	1,415,866	5,547,984	6,437,648
Professional fees	231,487	249,089	878,423	950,306
Insurance expense	183,848	191,149	740,822	791,288
Interest expense and fees	304,198	319,129	1,260,452	2,860,280
State and excise taxes	831	--	831	--
Other general and administrative expenses	899,338	1,299,575	3,662,350	3,560,699
Total operating expenses	2,995,734	3,474,808	12,090,862	14,600,221
Net investment income before income taxes	3,119,309	953,800	11,494,196	9,919,646
Benefit (provision) for income taxes	46,643	(34,661)	(252,066)	(19,347)
Net investment income	3,165,952	919,139	11,242,130	9,900,299
Net realized capital gain (loss) on investments
Net realized capital gain (loss) on portfolio securities:
Control investments - majority owned	(33,298,027)	(137,666)	(33,298,027)	(487,666)
Non-affiliate investments	22,655	(14,137,318)	22,655	(13,841,281)
Benefit (provision) for taxes on capital gain (loss)	2,756	(8,507)	(107,736)	110,493
Total net realized capital gain (loss) on investments	(33,272,616)	(14,283,491)	(33,383,108)	(14,218,454)
Net unrealized gain (loss) on investments
Net increase (decrease) in unrealized appreciation (depreciation) on portfolio securities and commodity derivative instruments:
Control investments - majority owned	30,536,526	(2,997,166)	27,611,198	(24,270,852)
Affiliate investments	(201,835)	(2,112,244)	(1,933,878)	2,993,146
Non-affiliate investments	190,451	17,171,377	5,499,321	15,663,528
Benefit for taxes on unrealized gain (loss)	1,110,149	(1,040,897)	1,438,176	1,113,329
Total net unrealized gain (loss) on investments	31,635,291	11,021,070	32,614,817	(4,500,849)
Net increase (decrease) in stockholders' equity (net assets) resulting from operations	$ 1,528,627	$ (2,343,282)	$ 10,473,839	$ (8,819,004)
Net increase (decrease) in stockholders' equity (net assets) resulting from operations per common share	$ 0.07	$ (0.11)	$ 0.49	$ (0.41)
	For The Three Months Ended		Year Ended	Year Ended
Per Share Data	December 31, 2010	December 31, 2009	December 31, 2010	December 31, 2009
	unaudited	unaudited	audited	audited
Net asset value, beginning of period	$ 11.01	$ 11.38	$ 11.10	$ 12.15
Net investment income	0.15	0.05	0.52	0.46
Net realized and unrealized gain (loss) on portfolio securities and commodity derivative instruments	(0.08)	(0.16)	(0.03)	(0.87)
Net increase (decrease) in stockholders' equity (net assets) resulting from operations	0.07	(0.11)	0.49	(0.41)
Net asset value before dividends	11.08	11.27	11.59	11.74
Dividends declared	(0.18)	(0.17)	(0.69)	(0.64)
Net asset value, end of period	$ 10.90	$ 11.10	$ 10.90	$ 11.10

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. The Company's investment portfolio is principally invested in energy related private companies. From time to time, the Company may also invest in public companies. The Company invests primarily in senior secured and mezzanine loans in furtherance of its business plan and in some instances receives equity investments in portfolio companies in connection with such investments. NGP Capital Resources Company is managed by NGP Investment Advisor, LP, an affiliate of NGP Energy Capital Management. NGP Energy Capital Management, 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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