Investment and Quarterly Update

Riverstone Credit Opps. Inc PLC

17 April 2026

 

17 April 2026

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

Riverstone Credit Opportunities Income

Investment and Quarterly Update

Riverstone Credit Opportunities Income ("RCOI" or the "Company"), the LSE-listed energy infrastructure and energy-transition credit investor, announces its portfolio performance for the quarter ended 31 March 2026.

Unaudited Net Asset Value

As at 31 March 2026, the unaudited net asset value per Ordinary Share, including net revenue for the quarter, was $0.90 ($0.89: 31 December 2025) a slight increase over the quarter.  

Portfolio Summary and Key Performance Indicators

·    As announced on 31 March 2026, the Company redeemed 12,134,802 Ordinary Shares at a redemption price of US$0.89 per Ordinary Share. The Ordinary Shares redeemed were equal to approximately 25 per cent of the Company's Ordinary Shares in issue as at the Redemption Date.

·    Portfolio of 100% floating rate, short duration, senior secured loans, from investing in companies engaged in driving forward the energy transition

·    35.7% NAV total return³ achieved since IPO in May 2019

·    43.0 cents in dividends paid since inception⁴

Cumulative Portfolio Summary

Unrealised Portfolio[1]

Investment Name	Subsector	Commitment Date	Cumulative Committed Capital ($mm)	Cumulative Invested Capital ($mm)	Gross Realised Capital ($mm)1	Gross Unrealised Value ($mm)	Gross Realised Capital & Unrealised Value ($mm)	Fair Value as of 31 Mar 20262	Fair Value as of 31 Dec 20252	31 Mar 2026 Gross MOIC	31 Mar 2026 Net MOIC
Caliber Midstream Revolver	Infrastructure	Aug-19	0.7	0.7	1.1	0.0	1.1	0.0	0.9	1.66x	1.46x
Geostore Holdings LP	Infrastructure Services	Mar-22	14.8	14.8	6.1	4.8	10.8	4.8	5.0	0.73x	0.56x
Seawolf Water Resources	Services	Sept-22	9.0	9.0	3.2	11.2	14.3	11.2	10.9	1.59x	1.45x
Hoover Circular Solutions	Infrastructure Services	Nov-22	13.7	13.7	5.5	14.3	19.8	14.3	13.9	1.44x	1.31x
			$38.2	$38.2	$15.7	$30.3	$46.0			1.21x	1.06x

Realised Portfolio

Investment Name	Subsector	Commitment Date	Realisation Date	Cumulative Committed Capital ($mm)	Cumulative Invested Capital ($mm)	Gross Realised Capital ($mm)1	31 Mar 2026 Gross MOIC	31 Mar 2026 Net MOIC
Rocky Creek Resources	Exploration & Production	Jun-19	Dec-19	6.0	4.3	4.9	1.15 x	1.13 x
CIG Logistics	Infrastructure Services	Jan-20	Jan-20	8.7	8.7	8.9	1.02 x	1.02 x
Mallard Exploration	Exploration & Production	Nov-19	Apr-20	13.8	6.8	7.7	1.13 x	1.12 x
Market Based	Multiple	Aug-20	Nov-20	13.4	13.4	13.6	1.01 x	1.00 x
Project Yellowstone	Infrastructure	Jun-19	Mar-21	5.8	5.8	7.2	1.23 x	1.16 x
Ascent Energy	Exploration & Production	Jun-19	Jun-21	13.3	13.3	16.1	1.21 x	1.13 x
Pursuit Oil & Gas	Exploration & Production	Jul-19	Jun-21	12.3	12.3	15.0	1.22 x	1.14 x
U.S. Shipping	Infrastructure Services	Feb-21	Aug-21	6.5	6.5	7.3	1.13 x	1.11 x
Aspen Power Partners	Infrastructure	Dec-20	Oct-21	6.9	3.4	4.3	1.27 x	1.24 x
Project Mariners	Infrastructure Services	Jul-19	Apr-22	13.2	13.2	17.6	1.33 x	1.22 x
Roaring Fork Midstream	Infrastructure	Mar-21	Jun-22	5.9	5.9	6.9	1.16 x	1.11 x
FS Crude, LLC	Infrastructure	Mar-20	Sept-22	13.7	13.7	16.9	1.23 x	1.13 x
EPIC Propane Pipeline, LP	Infrastructure	Dec-19	Sept-22	14.8	14.8	19.6	1.32 x	1.21 x
Circulus Holdings, PBLLC	Infrastructure	Aug-21	Oct-22	12.3	12.3	14.0	1.14 x	1.10 x
Hoover Circular Solutions	Infrastructure Services	Oct-20	Nov-22	15.4	15.4	17.0	1.10 x	1.01 x
Streamline Innovations Inc.	Infrastructure Services	Nov-21	Jun-23	13.8	6.9	8.9	1.29 x	1.22 x
Clean Energy Fuels Corp	Energy Transition	Dec-22	Dec-23	13.9	13.9	15.7	1.14 x	1.10 x
EPIC Propane Pipeline, LP	Infrastructure	Sept-22	Apr-24	13.9	13.9	17.2	1.24x	1.18x
Blackbuck Resources LLC	Infrastructure	Jun-21	Sept-24	11.5	11.0	16.1	1.46x	1.33x
Streamline Innovations Inc.	Infrastructure Services	Jun-23	July-25	9.9	5.4	7.1	1.33x	1.25x
Imperium3NY LLC	Energy Transition	Apr-21	Sept-25	6.8	5.4	6.7	1.25x	1.07x
Max Midstream	Infrastructure	Dec-22	Sept-25	5.0	5.0	7.5	1.51x	1. 40x
Caliber Midstream	Infrastructure	Aug-19	Jan-26	3.4	3.4	0.6	0.17x	(0.09)x
				$240.3	$214.6	$256.8	1.20x	1.12x

The Gross Realised Capital column includes interest, fee income, and principal received. The Gross Unrealised Value column includes the amortization of OID, accrued interest, fees and any unrealised change in the value of the investment.

For Riverstone Credit Opportunities Income Plc:

Catherine Carron

[phone]

J.P. Morgan Cazenove (Corporate Broker)	[phone]
William Simmonds
Jade Lee

 

About Riverstone Credit Opportunities Income Plc:

RCOI lends to companies that build and operate the infrastructure used to generate, transport, store and distribute both renewable and conventional sources of energy, and companies that provide services to that infrastructure. RCOI also lends to companies seeking to facilitate the energy transition by decarbonizing the energy, industrial and agricultural sectors, building sustainable infrastructure and reducing or sequestering carbon emissions. The Company seeks to ensure that its investments are having a positive impact on climate change by structuring each deal as either a green loan or a sustainability-linked loan, documented using industry best practices.

As previously announced, Riverstone Holdings LLC, and their affiliate Riverstone Investment Group (collectively, "Riverstone") entered into a sub management agreement for RCOI with Breakwall Capital LP.  Breakwall is an independent asset manager regulated by the SEC as a Registered Investment Advisor. It is owned and operated by the former members of the Riverstone Credit Partners team.

For further details, see https://www.riverstonecoi.com/.

Neither the contents of RCOI's website nor the contents of any website accessible from hyperlinks on the websites (or any other website) is incorporated into, or forms part of, this announcement.

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1 Gross realised capital is total gross income realised on invested capital.

² Reflects the total fair market value in millions.

³ NAV total return equals cumulative paid dividend cents per share and NAV per share as of 31 March 2026 divided by the opening capital net of share issuance costs as of 28 May 2019.

⁴ Reflects cumulative dividend cents per share declared as of 31 March 2026 and paid as of 31 March 2026.

 

END