NASDAQ$OCSL

Oaktree Specialty Lending Corporation · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Reported solid investment performance and financial results, underscored by the highest annual level of adjusted net investment income per share under Oaktree’s management.

Oaktree Specialty Lending Corporation announced its financial results for the fourth fiscal quarter and full year ended September 30, 2021. The company's total investment income for the quarter was $63.8 million or $0.35 per share. GAAP net investment income came in at $33.0 million ($0.18 per share). NAV per share was $7.28 as of September 30, 2021, up 0.8% from $7.22 as of June 30, 2021.

  • Total investment income was $63.8 million ($0.35 per share).
  • GAAP net investment income was $33.0 million ($0.18 per share).
  • Adjusted net investment income was $29.1 million ($0.16 per share).
  • NAV per share was $7.28 as of September 30, 2021, up 0.8% from $7.22 as of June 30, 2021.

Headline financials

Total Revenue

$63.8M

No prior period
EPS (adj)

$0.48

No prior period
NAV per share

$7.28

No prior period
Debt to equity

0.97

No prior period
Net debt to equity

0.95

No prior period
New commitments

$385M

No prior period
Net Income

$33M

No prior period
Operating Income

$35.5M

No prior period
Cash & Equivalents

$29.3M

No prior period
Total Assets

$2.64B

No prior period

Revenue & EPS history

Oaktree · Revenue · Quarterly

$63.8M

Q4 2021
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

The company did not provide specific forward guidance but believes they are well-positioned for fiscal year 2022.

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 Q4 2021

Historical avgQ4 2021

-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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