Equus Reports Increased Net Asset Value
Equus Total Return, Inc. (NYSE: EQS) reports net assets as of June 30, 2024, of $49.8 million. The net asset value per share increased to $3.66 as of June 30, 2024, from $3.38 as of March 31, 2024.
Summary of Comparative Data
Comparative data for the Company’s net assets over various quarters is as follows:
Quarterly Breakdown
As of the Quarter Ended:
- Net assets: $49,792 (6/30/2024)
- Net assets: $45,892 (3/31/2024)
- Net assets: $48,287 (12/31/2023)
- Net assets: $47,128 (9/30/2023)
- Net assets: $40,051 (6/30/2023)
Analysis of Portfolio Growth
The principal contributors to the changes in fair value of the Company’s portfolio holdings in the second quarter of 2024 include:
Increase in Fair Value of Morgan E&P
During 2023, the Company formed Morgan E&P, LLC (“Morgan”), a wholly-owned subsidiary, and acquired approximately 5,897 net acres in the Bakken/Three Forks formation in the Williston Basin. In the second quarter of 2024, Morgan acquired an additional 810 net acres, leading to an increase in Morgan’s proved reserves and future drilling sites. As of June 30, 2024, the fair value of Morgan’s equity was recorded at approximately $26.0 million, an increase of $4.75 million from March 31, 2024.
Company Overview
The Company is a business development corporation that trades as a closed-end fund on the New York Stock Exchange under the symbol "EQS". For more information, visit the Company’s website.
Contact:
Patricia Baronowski
Pristine Advisers, LLC
(631) 756-2486
Frequently Asked Questions
What is Equus Total Return, Inc.?
Equus Total Return, Inc. is a business development company listed on the NYSE under the ticker EQS.
What was the net asset value per share reported?
As of June 30, 2024, the net asset value per share was reported at $3.66.
What factors contributed to the increase in asset value?
The increase was primarily driven by the growth in the fair value of the company's investment in Morgan E&P.
How many shares are outstanding for Equus?
As of the latest report, there are 13,586 shares outstanding.
Where can I find more information about the company?
Additional information can be found on the Company's official website.
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