Equus Announces Fourth Quarter Net Asset Value
Equus Announces Fourth Quarter Net Asset Value
Morgan E&P's Fair Value Increases $7.6 Million
摩根勘探与普的公允价值增加了760万美元
HOUSTON, April 03, 2024 (GLOBE NEWSWIRE) -- Equus Total Return, Inc. (NYSE: EQS) ("Equus" or the "Company") reports net assets as of December 31, 2023, of $48.3 million. Net asset value per share increased to $3.55 as of December 31, 2023, from $3.49 as of September 30, 2023. Comparative data is summarized below (in thousands, except per share amounts):
休斯顿,2024年4月3日(环球新闻专线)——Equus Total Return, Inc.(纽约证券交易所代码:EQS)(“Equus” 或 “公司”)公布截至2023年12月31日的净资产为4,830万美元。截至2023年12月31日,每股净资产价值从2023年9月30日的3.49美元增至3.55美元。比较数据汇总如下(以千计,每股金额除外):
As of the Quarter Ended | 12/31/2023 | 9/30/2023 | 6/30/2023 | 3/31/2023 |
12/31/2022 |
||||||||||
Net assets | $48,287 | $47,128 | $40,051 | $34,106 | $35,237 | ||||||||||
Shares outstanding | 13,586 | 13,518 | 13,518 | 13,518 | 13,518 | ||||||||||
Net assets per share | $3.55 | $3.49 | $2.96 | $2.52 | $2.61 |
截至季度末 | 12/31/2023 | 2023 年 9 月 30 日 | 6/30/2023 | 3/31/2023 |
12/31/2022 |
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净资产 | 48,287 美元 | 47,128 美元 | 40,051 美元 | 34,106 美元 | 35,237 美元 | ||||||||||
已发行股票 | 13,586 | 13,518 | 13,518 | 13,518 | 13,518 | ||||||||||
每股净资产 | 3.55 美元 | 3.49 美元 | 2.96 美元 | 2.52 美元 | 2.61 美元 |
The following were the principal contributors to the changes in fair value of the Company's portfolio holdings in the fourth quarter of 2023:
以下是2023年第四季度公司所持投资组合公允价值变动的主要因素:
Increase in Fair Value of Morgan E&P. On May 22, 2023, Morgan E&P, LLC ("Morgan"), a wholly-owned subsidiary of the Company, completed the acquisition of 4,747.52 net acres in the Bakken/Three Forks formation in the Williston Basin of North Dakota and subsequently acquired an additional 1,150 net acres in the third quarter of 2023. During the fourth quarter of 2023, Morgan successfully completed the drilling of two horizontal wells and commenced production of hydrocarbons from these wells, resulting in a significant portion of Morgan's proved reserves being reclassified as proved developed producing. As of December 31, 2023, we recorded the fair value of Morgan's equity at approximately $22.6 million, an increase of $7.6 million from September 30, 2023.
摩根勘探与生产的公允价值增加。2023年5月22日,公司的全资子公司摩根勘探开发有限责任公司(“摩根”)完成了对位于北达科他州威利斯顿盆地的巴肯/三叉地层净资产4,747.52英亩的收购,随后在2023年第三季度又收购了1,150英亩净土地。在2023年第四季度,摩根成功完成了两口水平井的钻探,并开始从这些井中生产碳氢化合物,这使摩根的很大一部分探明储量被重新归类为已探明的开发产量。截至2023年12月31日,我们记录的摩根股票的公允价值约为2,260万美元,较2023年9月30日增加了760万美元。
Decrease in Fair Value of Equus Energy. During the fourth quarter of 2023, the fair value of the Company's holding in Equus Energy, LLC ("Equus Energy") decreased $5.5 million, from $15.5 million to $10.0 million, largely as a consequence of the exclusion of certain gas reserves held by Equus Energy that had become uneconomic to develop as a result of changes in the forward pricing curve for natural gas.
Equus Energy的公允价值下降。在2023年第四季度,公司持有的Equus Energy, LLC(“Equus Energy”)的公允价值下降了550万美元,从1,550万美元降至1,000万美元,这主要是由于Equus Energy持有的某些天然气储量被排除在外,这些储量由于天然气远期定价曲线的变化而变得不经济。
The Company received advice and assistance from a third-party valuation firm to support its determination of the fair value of its investments in Morgan and Equus Energy.
该公司得到了第三方估值公司的建议和协助,以支持其确定对摩根和Equus Energy的投资的公允价值。
About Equus
关于 Equus
The Company is a business development company that trades as a closed-end fund on the New York Stock Exchange under the symbol "EQS". Additional information on the Company may be obtained from the Company's website at .
该公司是一家业务发展公司,在纽约证券交易所以封闭式基金的形式交易,股票代码为 “EQS”。有关公司的其他信息可从公司的网站上获得,网址为 。
This press release may contain certain forward-looking statements regarding future circumstances. These forward-looking statements are based upon the Company's current expectations and assumptions and are subject to various risks and uncertainties that could cause actual results to differ materially from those contemplated in such forward-looking statements including, in particular, the performance of the Company, including our ability to achieve our expected financial and business objectives, and the other risks and uncertainties described in the Company's filings with the SEC. Actual results, events, and performance may differ. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as to the date hereof. Except as required by law, the Company undertakes no obligation to release publicly any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. The inclusion of any statement in this release does not constitute an admission by the Company or any other person that the events or circumstances described in such statements are material.
本新闻稿可能包含有关未来情况的某些前瞻性陈述。这些前瞻性陈述基于公司当前的预期和假设,存在各种风险和不确定性,可能导致实际业绩与此类前瞻性陈述中设想的业绩存在重大差异,特别包括公司的业绩,包括我们实现预期财务和业务目标的能力,以及公司向美国证券交易委员会提交的文件中描述的其他风险和不确定性。实际结果、事件和性能可能有所不同。提醒读者不要过分依赖这些前瞻性陈述,这些陈述仅代表本文发布日期。除非法律要求,否则公司没有义务公开发布对这些前瞻性陈述的任何修订,以反映本声明发布之日之后的事件或情况或反映意外事件的发生。在本新闻稿中包含任何声明并不表示公司或任何其他人承认此类声明中描述的事件或情况是重要的。
Contact:
联系人:
Patricia Baronowski
Pristine Advisers, LLC
(631) 756-2486
帕特里夏·巴罗诺夫斯基
Pristine Advisers, L
(631) 756-2486