Eagle Point Credit Sees Q2 NAV at $4.45–$4.55, Realized Losses of $0.76–$0.80/Share
ECC is trading near its 52-week low of $3.46 (9.0% above the low).
Summary
Preliminary Q2 2026 estimates from Eagle Point Credit show realized losses of $0.76–$0.80 per share, overwhelming net investment income and driving a modest NAV decline. The magnitude of losses signals potential stress in the CLO portfolio.
Key Events · Earnings and Guidance · ECC
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Q2 NAV Estimated at $4.45-$4.55
Management's unaudited NAV per share as of June 30, 2026, stands at $4.45–$4.55, down from $4.55–$4.65 at May 31, 2026.
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Realized Losses of $0.76-$0.80/Share
For Q2 2026, realized losses are estimated at ($0.80)–($0.76) per share, far exceeding net investment income of $0.15–$0.19 per share.
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Net Investment Income of $0.15-$0.19/Share
Net investment income for the quarter is estimated at $0.15–$0.19 per share, partially offset by realized losses.
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Foreign Currency Hedging Gains of $0.01-$0.05/Share
Realized gains from foreign currency hedging contributed $0.01–$0.05 per share, providing a small offset to portfolio losses.
Analysis · ECC · Unknown
Eagle Point Credit released preliminary Q2 2026 estimates, with NAV per share landing at $4.45–$4.55—a slight dip from the prior month's $4.55–$4.65 range. More troubling, realized losses of $0.76–$0.80 per share dominated the quarter, far outweighing net investment income of $0.15–$0.19. The scale of these losses points to significant credit deterioration in the underlying CLO portfolio, which could pressure future distributions and the stock's premium to NAV.
At the time of this filing, ECC was trading at $3.77 on NYSE in the Unknown sector, with a market capitalization of approximately $509M. The 52-week trading range was $3.46 to $7.77. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.