HOUSTON, Nov. 5, 2009 (GLOBE NEWSWIRE) -- NGP Capital Resources Company (Nasdaq:NGPC) (the "Company") today announced its financial results for the third quarter ended September 30, 2009.

Highlights for the quarter ended September 30, 2009:

 Stockholders' equity:  $249.4 million
 Net asset value per share:  $11.53
 Operating Results:
 Net increase in stockholders' equity (net assets) from operations:
 $15.0 million
 Net investment income:  $3.7 million
 Net decrease in unrealized depreciation on portfolio securities,
  corporate notes and commodity derivative instruments:  $11.3 million
 Dividends declared per common share:  $0.15
 Portfolio and Investment Activity:
 New investments made in portfolio companies during period: $12.1
 million
 Total invested in portfolio companies at September 30, 2009:  $257
 million
 Number of portfolio companies at September 30, 2009:  18

Portfolio and Investment Activity

During the quarter ended September 30, 2009, the Company funded $12.1 million to existing portfolio companies and received $24.9 million in repayments. The Company did not add any new companies to its portfolio during the third quarter of 2009. At September 30, 2009, the Company's targeted investment portfolio consisted of eighteen portfolio companies totaling $257 million. The Company had commitments to fund an additional $5.3 million on total committed amounts of $262.3 million.

The weighted average yield on targeted portfolio investments (excluding revenue from commodity derivative transactions) was 3.63% at September 30, 2009. The weighted average yield on investments in corporate notes was 5.82%, and the weighted average yield on investments in cash and cash equivalents was 0.64%. The weighted average yield on the Company's total capital invested at September 30, 2009 was 3.16%.

Operating Results - Three months ended September 30, 2009

Investment income totaled $6.0 million for the quarter ended September 30, 2009, with $5.9 million attributable to interest from the Company's targeted portfolio investments, $0.8 million attributable to income from commodity derivative instruments, $0.9 million net loss attributable to royalty income, net of amortization, and $0.2 million net income attributable to investments in corporate notes, cash equivalents and fee income from third parties and affiliates. Operating expenses for the quarter ended September 30, 2009 were $3.2 million and included $1.5 million of advisory and management fees, $0.5 million of interest expense and credit facility fees and $1.2 million of general and administrative expenses. The resulting net investment income for the third quarter of 2009, including a $0.9 million tax benefit, was $3.7 million.

For the three months ended September 30, 2009, the Company experienced a net decrease in unrealized depreciation of $11.3 million, consisting of an $11.1 million increase in targeted portfolio fair value, a $0.7 million decrease in the fair value of commodity derivative instruments and a $0.9 million increase in the fair value of corporate notes. The increase in targeted portfolio fair value was largely a result of changes in the estimated current market values of underlying assets. The decrease in the fair value of commodity derivative instruments was a result of the reversal of prior period unrealized appreciation due to realizations in the third quarter of 2009.

Overall, the Company had a net increase in stockholders' equity (net assets) resulting from operations of $15.0 million, or $0.69 per common share, for the three months ended September 30, 2009 and dividends declared during the period of $0.15 per common share, resulting in stockholders' equity (net assets) per common share of $11.53 as of September 30, 2009.

Subsequent Events

On October 2, 2009, the Company entered into a Fourth Amendment to Amended and Restated Revolving Credit Agreement (the "Fourth Amendment'), among the Company, the lender parties thereto and SunTrust Bank, as administrative agent for the lenders. The Fourth Amendment extended the maturity of the Company's Investment Facility from August 31, 2010 to August 31, 2012. The Investment Facility is priced at LIBOR plus 425 to 575 basis points, depending on the amount drawn. The Company paid a 100 basis point fee in conjunction with the extension of the maturity. Three of the four banks in the syndicate reduced their commitments, resulting in the reduction of the current commitments under the Investment Facility from $87.5 million to $67.5 million.

On October 9, 2009, the Company sold its entire investment in Venoco Inc. Senior Notes for approximately $12.3 million, resulting in a realized capital gain of approximately $307,000.

On October 14, 2009, the Company closed an investment with ATP Oil & Gas Corporation ("ATP"). The Company acquired a limited term overriding royalty interest in certain oil and gas producing properties operated by ATP for $15.0 million. The investment will be accounted for as a dollar denominated production payment.

Conference Call at 11:00 a.m. Eastern Time on November 5, 2009

The Company invites all interested persons to participate in its conference call on November 5, 2009 at 11:00 a.m. Eastern Time. The dial-in number for the call is (888) 765-5547. International callers should dial (913) 312-1517.

The Company will maintain an audio replay of the call from 2:00 p.m. Eastern Time on November 5, 2009 through midnight November 11, 2009. The replay dial-in number is (888) 203-1112. International callers should dial (719) 457-0820. The replay pass code is 2442617. The call will also be accessible via the internet, on our Investor Relations page at www.ngpcrc.com.

                NGP CAPITAL RESOURCES COMPANY
                 CONSOLIDATED BALANCE SHEETS
                                        Sept. 30, 2009  Dec.