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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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)