NASDAQ$OCSL

Oaktree Specialty Lending Corporation · Q3 2023 earnings

Q3 2023 earnings · · Investor relations

Briefing

Oaktree Specialty Lending's financial performance was announced for Q3 2023, revealing increased total investment income and GAAP net investment income, while NAV per share experienced a slight decrease.

Oaktree Specialty Lending Corporation reported a solid third fiscal quarter with increased total investment income and GAAP net investment income. The company originated $251.0 million of new investment commitments and received $261.0 million from prepayments and exits. A quarterly cash distribution of $0.55 per share was declared.

  • Total investment income was $101.9 million ($1.32 per share) for the third fiscal quarter of 2023.
  • GAAP net investment income was $48.4 million ($0.63 per share) for the third fiscal quarter of 2023.
  • Net asset value (NAV) per share was $19.58 as of June 30, 2023.
  • Originated $251.0 million of new investment commitments and received $261.0 million of proceeds from prepayments, exits, other paydowns and sales during the quarter ended June 30, 2023.

Headline financials

Total Revenue

-$3.41M

Previous: $63.1M-105.4%
EPS (adj)

$0.62

Previous: $0.51+21.6%
Net debt to equity

1.14

Previous: 1.08+5.6%
Free Cash Flow

$36.7M

No prior period
Net Income

$36.7M

Previous: $40.4M-9.1%
Operating Income

-$16.1M

Previous: $40.4M-140.0%
Gross Profit

-$3.41M

No prior period
Cash & Equivalents

$59.7M

Previous: $34.3M+74.0%
Total Assets

$3.34B

Previous: $2.69B+24.0%

Revenue & EPS history

Oaktree · Revenue · Quarterly

-$3.41M

Q3 2023-105.4%vs 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

The company believes its liquidity and capital resources are sufficient to take advantage of market opportunities in the current economic climate.

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 2023

Historical avgQ3 2023

-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%

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