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
TheStreet Open House

NGP Capital Resources Company Announces Fourth Quarter And Fiscal Year 2012 Financial Results

Overall, we had a net increase in net assets resulting from operations of $17.4 million, or $0.81 per share, during the year ended December 31, 2012, compared to a net decrease in net assets resulting from operations in 2011 of $19.9 million, or $0.92 per share. We declared dividends totaling $0.57 per share during 2012, and our net asset value increased from $9.26 per share at December 31, 2011 to $9.57 per share at December 31, 2012. 

Liquidity and Capital Resources

At December 31, 2012, we had cash and cash equivalents totaling $47.7 million. The amount outstanding under our Investment Facility at December 31, 2012 was $59.5 million and an additional $12.4 million was available for borrowing. In addition, we have a $45 million Treasury Facility available to invest in U.S. Treasury Bills. As of December 31, 2012, we had $45.0 million of outstanding indebtedness under the Treasury Facility, and there was no additional amount available for borrowing. 

First Quarter 2013 Activity

Thus far during the first quarter of 2013, we have invested a total of $54.3 million in portfolio securities, including investments in three new portfolio companies, and we have received proceeds from redemption and repayments totaling $23.2 million, for a net deployment in new investments in 2013 totaling $31.2 million. New investments included $25.0 million in Talos Production LLC 9.75% Senior Notes, $15.0 million in a subordinated note and $2.5 million in an equity investment in OCI Holdings, LLC, $9.0 million in a subordinated note from KOVA International, Inc. and $2.8 million of additional funding to existing portfolio companies. Redemptions and repayments in 2013 included the repayment of our $9.8 million investment in Southern Pacific Resource Corp.'s Second Lien Term Loan, the sale of our $10.0 million EP Energy LLC Senior Unsecured Notes and scheduled repayments of $3.4 million in the normal course of business.

5 of 7

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

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

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
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 17,678.23 -40.31 -0.23%
S&P 500 2,056.15 -4.90 -0.24%
NASDAQ 4,863.3620 -13.1570 -0.27%

Partners Compare Online Brokers

Free Reports

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