NASDAQ$OCSL

Oaktree Specialty Lending Corporation · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Announced financial results for the fiscal quarter ended March 31, 2022.

Oaktree Specialty Lending Corporation reported a strong second fiscal quarter with solid earnings driven by robust origination activity and successful exits. Credit quality remained healthy with no non-accruals, and the company increased its dividend for the eighth consecutive quarter to $0.165 per share.

  • Total investment income was $64.3 million ($0.35 per share).
  • GAAP net investment income was $40.1 million ($0.22 per share).
  • NAV per share was $7.26 as of March 31, 2022, down 1.1% from $7.34 as of December 31, 2021.
  • A quarterly cash distribution was declared of $0.165 per share, up 3% from the prior quarter.

Headline financials

Total Revenue

$64.3M

No prior period
EPS (adj)

$0.54

No prior period
Net debt to equity

1.02

No prior period
Net Income

$40.1M

No prior period
Operating Income

$40.1M

No prior period
Cash & Equivalents

$39.4M

No prior period
Total Assets

$2.76B

No prior period

Revenue & EPS history

Oaktree · Revenue · Quarterly

$64.3M

Q2 2022
Beat estimate in 6 of 15 quarters(40%)
ActualEstimate

Revenue by segment

Oaktree · $60.3M total across 3 segments · Q1 2022

  • Interest income
    $55.5M
  • Dividend income
    $3.92M
  • Fee income
    $912K

Forward guidance

Oaktree Specialty Lending is well-positioned for the increasingly volatile market environment and believes it will continue to deliver attractive returns to its shareholders.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 18 quarterly earnings reports · overlaid with Q2 2022

Historical avgQ2 2022

-1.4%

Avg return

Earnings day

-2.0%

Avg return

5 days after

-2.6%

Avg return

30 days after

33%

6 / 18 earnings

Positive

+7.3%

Q4 2022

Best reaction

-8.4%

Q3 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026+0.4%-5.8%-5.3%
Q1 2026+3.0%+2.0%-5.6%
Q4 2025+0.0%+1.1%-3.8%
Q2 2025-7.8%-6.7%+1.6%
Q1 2025-2.8%-2.9%+0.2%
Q4 2024-2.9%-1.9%-6.0%
Q3 2024-8.4%-10.6%-5.0%
Q2 2024-1.9%-2.9%-1.9%
Q1 2024-6.9%-7.2%-7.1%
Q4 2023+0.5%+0.4%+1.4%
Q3 2023-1.7%-0.8%-1.4%
Q2 2023-2.4%-0.7%+1.3%
Q1 2023-1.6%-1.7%-4.4%
Q4 2022+7.3%+7.9%+2.4%
Q3 2022-0.8%-1.1%-4.3%
Q2 2022-1.5%-4.5%-5.4%
Q1 2022+1.1%+0.0%-2.4%
Q4 2021+1.3%-0.8%-1.3%

Discussion

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