NASDAQ$OCSL

Oaktree Specialty Lending Corporation · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Oaktree Specialty Lending's financial results for Q3 2022 were announced, featuring a distribution increase and solid origination activity amidst a challenging market environment.

Oaktree Specialty Lending Corporation reported a total investment income of $63.1 million and adjusted net investment income of $31.4 million for the third fiscal quarter of 2022. The company declared a quarterly distribution of $0.17 per share, a 3% increase from the prior quarter. NAV per share decreased by 5.1% to $6.89 due to unrealized losses.

  • Total investment income was $63.1 million ($0.34 per share) for the third fiscal quarter of 2022.
  • GAAP net investment income was $40.4 million ($0.22 per share) for the third fiscal quarter of 2022.
  • Adjusted net investment income was $31.4 million ($0.17 per share) for the third fiscal quarter of 2022.
  • NAV per share was $6.89 as of June 30, 2022, down 5.1% from $7.26 as of March 31, 2022.

Headline financials

Total Revenue

$63.1M

No prior period
EPS (adj)

$0.51

No prior period
Debt to equity

1.1

No prior period
Net debt to equity

1.08

No prior period
Net Income

$40.4M

No prior period
Operating Income

$40.4M

No prior period
Cash & Equivalents

$34.3M

No prior period
Total Assets

$2.69B

No prior period

Revenue & EPS history

Oaktree · Revenue · Quarterly

$63.1M

Q3 2022
Beat estimate in 4 of 14 quarters(29%)
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 adjusting its leverage target higher to a range of 0.90x to 1.25x debt-to-equity.

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 Q3 2022

Historical avgQ3 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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