Welcome to our dedicated page for Equus Total Return news (Ticker: EQS), a resource for investors and traders seeking the latest updates and insights on Equus Total Return stock.
Equus Total Return Inc (NYSE: EQS) provides investors with strategic insights through its focused middle market investments. This page aggregates all official announcements and press releases from the closed-end management company, serving as a definitive source for tracking its financial activities.
Access real-time updates on earnings reports, portfolio company developments, and strategic transactions including leveraged buyouts and recapitalizations. Investors benefit from centralized access to material disclosures that impact investment decisions, while analysts gain structured data for market evaluations.
Content spans quarterly results, partnership announcements, leadership updates, and operational milestones. All information is sourced directly from company filings and verified releases to ensure regulatory compliance and factual accuracy.
Bookmark this page for streamlined monitoring of EQS's evolving investment strategies and sector-specific developments. Regular visits provide critical insights into how the company navigates middle market opportunities through its distinctive transaction models.
Equus Total Return (NYSE: EQS) reported a decline in net assets to $29.5 million as of December 31, 2024, with net asset value per share decreasing to $2.17 from $2.96 in the previous quarter.
The company experienced significant portfolio value changes in Q4 2024:
- Morgan E&P's fair value decreased by $6.0 million to $13.0 million due to declining oil price curves and reclassification of proved reserves
- Equus Energy's fair value dropped by $4.0 million to $4.0 million
Subsequent events in early 2025 included:
- Issuance of a $2.0 million convertible note at 10% interest with 2 million warrants
- $1.5 million investment in GEVI convertible note
- Sale of Equus Energy to NAEOC for $1.25 million cash plus $2.75 million in redeemable preferred shares
Equus Total Return (NYSE: EQS) has announced two key board appointments. Fraser Atkinson has been appointed as the Fund's independent Chairman of the Board while continuing his roles as Chair of the Audit Committee and member of both Compensation and Governance and Nominating Committees.
John J. May, a Chartered Accountant with over 50 years of experience in the UK, has been appointed as an independent director. May is currently Managing Partner of City & Westminster Corporate Finance LLP and brings extensive experience as a director of public and private companies, particularly in mining, energy, and oil and gas sectors. He will serve on the Fund's Audit, Compensation, and Governance and Nominating Committees.
Equus Total Return (NYSE: EQS) reported net assets of $40.2 million as of September 30, 2024, with net asset value per share decreasing to $2.96 from $3.66 in the previous quarter. The decline was primarily due to decreased fair values of two major holdings: Morgan E&P decreased by $7.0 million to $19.0 million, affected by a 17.6% drop in oil prices and declining production from two wells. Equus Energy decreased by $2.0 million to $8.0 million, also due to lower oil prices. These valuations were supported by a third-party valuation firm.
Equus Total Return, Inc. (NYSE: EQS) has reported its net assets as of June 30, 2024, at $49.8 million. The company's net asset value per share increased to $3.66 from $3.38 as of March 31, 2024. This growth was primarily driven by the performance of its wholly-owned subsidiary, Morgan E&P, . Morgan acquired an additional 810 net acres in the Bakken/Three Forks formation, expanding its total acreage to approximately 6,707 net acres. This acquisition led to an increase in Morgan's proved reserves and future drilling sites. Consequently, the fair value of Morgan's equity was recorded at $26.0 million, representing a $4.75 million increase from the previous quarter.
Equus Total Return (NYSE: EQS) reported net assets of $45.9 million as of March 31, 2024, down from $48.3 million at the end of 2023. The net asset value (NAV) per share decreased to $3.38 from $3.55 over the same period. Morgan E&P, a subsidiary, acquired 5,897.52 net leasehold acres in North Dakota's Bakken/Three Forks formation and began production on two wells. However, Morgan's debt increased by $2.2 million, and its fair value dropped by $1.35 million to $21.25 million due to various factors. The company also incurred operating expenses mainly from professional fees and insurance.
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