Eagle Point Credit (ECC) Q3 2026

NAV per share fell to $4.17 in Q3, while NII per share rose to $0.31.

Eagle Point Credit · Q3 2026 · Published Nov 13, 2026 · By DeepCell AI · Sources

Eagle Point Credit (ECC) Q3 2026

Quarter ended September 30, 2026

For information only, not investment advice. No rating or price target.

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1 · Eagle Point Credit Q3 2026 earnings review

NAV per share fell to $4.17 in Q3, while NII per share rose to $0.31

  1. 1.NII per share included $0.11 from the early repayment of a private credit investment, as stated
  2. 2.NII per share exceeded the $0.18 common distribution by $0.13
  3. 3.GAAP net loss was $0.12 per share as unrealized losses hit the portfolio
  4. 4.The Nov 12 close was 43.7% below the midpoint of the Oct 31 NAV estimate, a DeepCell calculation
  5. 5.Shares were up 5.2% pre-market at $2.24 as of 9:11 AM ET, not a close

Note: NAV is net asset value; NII is net investment income; GAAP is generally accepted accounting principles. The excess over distributions, the gap to NAV and the share price change are DeepCell calculations. The pre-market price is not a close.Source: Eagle Point Credit official Q3 2026 quarterly update (Form 497AD, accession 0001104659-26-126455), Nov 13, 2026; Eagle Point Credit unaudited estimate of NAV per share as of Oct 31, 2026; CNBC (third-party market data), Nov 13, 2026 9:11 AM ET

2

2 · Executive summary

Q3 NII rose to $41.9M, and the shares traded at $2.24 pre-market

Q3 2026 reported results vs. Q3 2025

MetricQ3 2025Q3 2026Change
Total investment income$52.0M$63.7M22.5%
Realized gain (loss) per share ($)-$0.08-$0.02Smaller loss
Net increase (decrease) to common$15.5M-$16.4MLoss

Share price, Nov 12 regular close to Nov 13

Eagle Point Credit (NYSE)Nov 12 closePre-market, 9:11 AM ETChange ($)Change (%)
ECC$2.13$2.24+$0.11+5.2%

Note: NII is net investment income. No consensus is shown: we did not open a dated third-party consensus, so there is no Beat or Miss. Growth and the price change are DeepCell calculations. Prices are CNBC third-party data. The pre-market price is not a close.Source: Eagle Point Credit official Q3 2026 quarterly update (Form 497AD, accession 0001104659-26-126455), Nov 13, 2026; CNBC (third-party market data), Nov 13, 2026 9:11 AM ET

3

3 · Q3 results and share price

The Oct 31 NAV estimate was $3.73 to $3.83 per share, and the monthly distribution is $0.06

Post-quarter update and capital ratios

MeasureQ3 2025Q3 2026Note
Leverage ratio, total assets41.8%49.1%Debt plus preferred
Asset coverage, debt529%499%Statutory minimum 300%
Asset coverage, preferred239%204%Statutory minimum 200%
Quarter-end discount to NAV-5.6%-17.0%As stated

Note: NAV is net asset value. The company gives no earnings guidance. The Oct 31 NAV estimate is unaudited and was filed on Form 8-K on Nov 10, 2026. Ratios are as stated by the company.Source: Eagle Point Credit unaudited estimate of NAV per share as of Oct 31, 2026; Eagle Point Credit official Q3 2026 quarterly update (Form 497AD, accession 0001104659-26-126455), Nov 13, 2026

4

4 · NAV estimate and distributions

Total investment income rose to $63.7M from $52.0M, and NII per share exceeded distributions

  1. IncomeNII coverage of distributions rose to 172%, a DeepCell calculation.
  2. YieldThe GAAP weighted average effective yield fell to 11.0% from 11.8% in Q2.
  3. Excluding the repaymentNII per share was $0.20 without the early repayment, a DeepCell calculation.

Key figures (U.S. GAAP)

$M unless notedQ3 2025Q3 2026YoY
Total expenses$21.1M$21.9M3.4%
Net investment income$30.9M$41.9M35.6%
Distributions per share ($)$0.42$0.18Cut
NII coverage of distributions57%172%Higher

Note: GAAP is generally accepted accounting principles. Coverage is NII per share divided by common distributions per share, a DeepCell calculation. Expenses include interest and fees and are shown without signs.Source: Eagle Point Credit official Q3 2026 quarterly update (Form 497AD, accession 0001104659-26-126455), Nov 13, 2026; analysis of company data

5

5 · Q3 key financials

NAV per share fell to $4.17 from $4.51 at Q2 and $7.00 a year earlier

NAV per common share

$, quarter end, Q3 2025 to Q3 2026

v · Q3 2025: $7.00v · Q4 2025: $5.70v · Q1 2026: $4.17v · Q2 2026: $4.51v · Q3 2026: $4.17Q3 2025Q4 2025Q1 2026Q2 2026Q3 2026$0.00$2.50$5.00$8.00$7.00$5.70$4.17$4.51$4.17
Unrealized losses were $54.1M in Q3, and the GAAP return on common equity was -2.8% for the quarter, as stated.

Note: NAV is net asset value; GAAP is generally accepted accounting principles. DeepCell calculation: NAV per share fell 40.4% year over year and 7.5% from Q2.Source: Eagle Point Credit official Q3 2026 quarterly update (Form 497AD, accession 0001104659-26-126455), Nov 13, 2026; analysis of company data

6

6 · NAV per share trend

NII per share rose to the highest level in five quarters, from $0.17 in Q2

NII per share

$, Q3 2025 to Q3 2026

v · Q3 2025: $0.24v · Q4 2025: $0.23v · Q1 2026: $0.20v · Q2 2026: $0.17v · Q3 2026: $0.31Q3 2025Q4 2025Q1 2026Q2 2026Q3 2026$0.00$0.10$0.20$0.30$0.40$0.24$0.23$0.20$0.17$0.31
Normalized NII plus realized gains was $0.18 per share excluding the early repayment, as stated, which still covered common distributions.

Note: NII is net investment income. Per-share figures are as stated in the quarterly update.Source: Eagle Point Credit official Q3 2026 quarterly update (Form 497AD, accession 0001104659-26-126455), Nov 13, 2026; analysis of company data

7

7 · NII per share trend

Net realized and unrealized losses of $52.2M turned the quarter into a loss for common shareholders

  1. UnrealizedUnrealized losses on investments, currency contracts and liabilities drove the result.
  2. RealizedRealized losses on investments narrowed to $3.1M from $10.2M.
  3. CurrencyCurrency contracts added a realized gain of $5.0M.

From NII to the change in net assets

$MQ3 2025Q3 2026
Unrealized gain (loss)$1.9M-$54.1M
Net increase (decrease) from operations$21.8M-$10.4M
Perpetual preferred distributions$6.2M$6.0M

Note: NII is net investment income. Preferred distributions are shown without signs.Source: Eagle Point Credit official Q3 2026 quarterly update (Form 497AD, accession 0001104659-26-126455), Nov 13, 2026; analysis of company data

8

8 · Gains and losses

Total investments fell to $986.7M as CLO equity shrank and infrastructure credit grew

  1. CLO equityCLO equity fell to $605.5M from $948.1M.
  2. InfrastructureInfrastructure credit rose to $111.9M from $31.2M.
  3. New purchasesThe company deployed $62.3M in new purchases in Q3, as stated.

Balance sheet

$MDec 31, 2025Sep 30, 2026
Unsecured notes$276.3M$204.0M
Term preferred shares$112.5M$44.7M
Perpetual preferred shares$233.0M$234.9M
Net assets of common shares$750.9M$556.0M

Note: CLO is collateralized loan obligation. Liabilities are at fair value. Perpetual preferred shares are temporary equity.Source: Eagle Point Credit official Q3 2026 quarterly update (Form 497AD, accession 0001104659-26-126455), Nov 13, 2026; Eagle Point Credit unaudited consolidated financial statements, Sep 30, 2026

9

9 · Portfolio and capital

CLO equity values, distribution coverage and the discount to NAV are the main watch items

Indicator
What to watch
Implication
Latest reading
CLO equity values
Loan prices and CLO cash flows
NAV moves with them
Oct 31 NAV midpoint $3.78, a DeepCell calculation
Coverage
One-off income does not repeat
NII may fall back
Portfolio cash flows $0.35 per share
Market discount
Price below NAV
Raising equity is costly
Quarter-end price $3.46

NAV is net asset value; NII is net investment income; CLO is collateralized loan obligation. Source: Eagle Point Credit official Q3 2026 quarterly update (Form 497AD, accession 0001104659-26-126455), Nov 13, 2026; Eagle Point Credit unaudited estimate of NAV per share as of Oct 31, 2026

10

10 · Key risks to NAV

Appendix: income and share detail

Realized items

$M unless notedQ3 2025Q3 2026YoY
Realized gain (loss), redemptions-$0.0M-$0.0Mn.m.
Realized gain (loss), currency-$0.9M$5.0Mn.m.

Per share and shares

$M unless notedQ3 2025Q3 2026YoY
Portfolio cash flows per share ($)$0.59$0.35n.m.
Quarter-end share price ($)$6.61$3.46n.m.
Weighted average shares (millions)129.2133.1n.m.

Note: n.m. means not meaningful.Source: Eagle Point Credit official Q3 2026 quarterly update (Form 497AD, accession 0001104659-26-126455), Nov 13, 2026; analysis of company data

11

11 · Appendix: Income statement

Appendix: sources

  • Q3 2026 quarterly update (Form 497AD, accession 0001104659-26-126455, Nov 13, 2026) — https://www.sec.gov/Archives/edgar/data/1604174/000110465926126455/0001104659-26-126455-index.htm
  • Consolidated financial statements as of Sep 30, 2026 (Form N-30B-2, accession 0001104659-26-126482, Nov 13, 2026) — https://www.sec.gov/Archives/edgar/data/1604174/000110465926126482/0001104659-26-126482-index.htm
  • Oct 31, 2026 NAV estimate (Form 8-K, Item 8.01, accession 0001104659-26-124799, Nov 10, 2026) — https://www.sec.gov/Archives/edgar/data/1604174/000110465926124799/0001104659-26-124799-index.htm
  • Share price (third-party market data): CNBC ECC quote, Nov 12, 2026 close $2.13 and pre-market last $2.24 at 9:11 AM ET on Nov 13, 2026 — https://www.cnbc.com/quotes/ECC
  • Eagle Point Credit reports as an investment company under U.S. GAAP in U.S. dollars.

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12

12 · Sources

Important disclosures and disclaimer

For information only. This presentation is provided for information only. It is not investment, legal, tax or accounting advice, and it is not an offer, or a solicitation of an offer, to buy or sell any security.

No recommendation. It carries no rating, price target or buy, sell or hold view, and it was prepared without regard to any reader’s investment objectives, financial situation or needs.

Sources and accuracy. Company figures come from Eagle Point Credit Company’s Q3 2026 quarterly update (Form 497AD), its September 30, 2026 financial statements (Form N-30B-2) and its November 10, 2026 Form 8-K. Share prices (CNBC) are third-party data, credited on the sources page. We have not independently verified third-party data.

Basis of presentation. Figures are U.S. GAAP for an investment company, in U.S. dollars, for the three months ended September 30, 2026 and September 30, 2025. Per-share and ratio figures are as stated by the company unless marked as DeepCell calculations.

Forward-looking statements. Company outlook statements and the watch items in this deck are forward-looking and may not be achieved. Readers should check the figures against the original filings.

Date of analysis. Share prices are the CNBC regular-session close on November 12, 2026, and the pre-market last at 9:11 AM ET on November 13, 2026. The pre-market price is not a close.

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13

13 · Disclosures

Sources

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