NASDAQ$OCSL

Oaktree Specialty Lending Corporation · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Oaktree Specialty Lending's financial performance for Q4 2022 was announced, highlighted by a total investment income of $70.1 million and adjusted net investment income of $33.7 million.

Oaktree Specialty Lending Corporation reported a strong fourth quarter and full year 2022, driven by higher interest income from rising base rates and a larger investment portfolio. The company declared an increased quarterly distribution of $0.18 per share and a special distribution of $0.14 per share.

  • Total investment income for Q4 was $70.1 million ($0.38 per share), while adjusted total investment income was $68.0 million ($0.37 per share).
  • GAAP net investment income was $35.9 million ($0.20 per share) for the quarter.
  • Adjusted net investment income was $33.7 million ($0.18 per share) for the quarter.
  • Net asset value (NAV) per share was $6.79 as of September 30, 2022.

Headline financials

Total Revenue

$70.1M

Previous: $63.8M+9.9%
EPS (adj)

$0.54

Previous: $0.48+12.5%
NAV per share

$6.79

Previous: $7.28-6.7%
Debt to equity

1.08

Previous: 0.97+11.3%
Net debt to equity

1.06

Previous: 0.95+11.6%
Net Income

$35.9M

Previous: $33M+8.5%
Operating Income

$35.9M

Previous: $35.5M+1.1%
Cash & Equivalents

$23.5M

Previous: $29.3M-19.8%
Total Assets

$2.65B

Previous: $2.64B+0.4%

Revenue & EPS history

Oaktree · Revenue · Quarterly

$70.1M

Q4 2022+9.9%vs Q4 2021
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 believes its substantial dry powder and defensively positioned portfolio position it well for what looks to be a continuing volatile market environment in fiscal year 2023.

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 2022

Historical avgQ4 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%

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