Equus subsidiary enters consulting agreement with Michael Reger
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 06 2025
0mins
Should l Buy EQS?
Consulting Agreement: Equus Total Return's subsidiary, Morgan E&P, has signed a consulting agreement with Michael Reger, who will receive shares instead of cash for his services.
Strategic Leadership: Mr. Reger will guide Morgan's asset strategy in the Bakken and Three Forks formations, focusing on value optimization and new investment initiatives in collaboration with the executive team.
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Analyst Views on EQS
About EQS
Equus Total Return, Inc. (the Fund) is a closed-end management investment company. The Fund's investment objective is to maximize the total return to the Company's stockholders in the form of current investment income and long-term capital gains by investing in the debt and equity securities of small and middle market capitalization companies that are generally not publicly traded at the time of its investment. It seeks to invest in companies pursuing growth through acquisition or organically, leveraged buyouts, management buyouts and recapitalizations of existing businesses or special situations. The Fund's income-producing investments includes debt securities, including subordinate debt, debt convertible into common or preferred stock, or debt combined with warrants and common and preferred stock. It invests in the portfolio company, Equus Energy, LLC, which makes investments in companies in the energy sector, with particular emphasis on income-producing oil and gas properties.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Annual General Meeting Date: The company plans to hold its Annual General Meeting on June 25, 2026, aiming to enhance communication with shareholders and promote corporate governance and transparency.
- Commitment to Sustainable Development: As a leader in digital healthcare solutions, Equasens is dedicated to supporting healthcare professionals through regular financial disclosures, further solidifying its leadership position in the industry.
See More
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- Partnership Dynamics: The other co-sponsor for this transaction is the newly formed OWN Tactical Equipment III LLC, managed by MidOcean Credit Fund Management LP, highlighting EquipmentShare's strategic partnership expansion in the equipment rental market.
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See More
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- Loss on GEVI Investment: Equus saw the value of its investment in General Enterprise Ventures decrease from $10.6 million to $5.2 million during Q3, a 54.7% decline, reflecting adverse performance in high-risk investments that may affect future investment strategies.
- Stability in Morgan E&P: Despite a downturn in the oil and gas market, Equus maintained its investment value in Morgan E&P at $12.35 million, indicating stability in this sector that could support future growth opportunities.
See More
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See More
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