Equus Total Return's Q1 NAV per share rises sequentially

Equus Total Return Inc

Equus Total Return Inc

EQS

0.00


Overview

  • US business development company's Q1 NAV per share rose to $1.50 from $1.19 prior quarter

  • Increase in NAV driven by $5.0 mln rise in Morgan E&P valuation on higher oil prices

  • Company's CitroTech holdings fell $0.5 mln in value despite higher share price and partial sale


Outlook

  • Company did not provide specific guidance or outlook for future quarters or the full year


Result Drivers

  • MORGAN E&P VALUATION - $5.0 mln increase in value of Morgan E&P holding driven by higher crude oil prices

  • CITROTECH HOLDINGS - Value of CitroTech holdings fell $0.5 mln despite higher share price and partial sale


Company press release: ID:nGNXbZ2QGb


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q1 Net Asset Value Per Share

$1.50


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