NYSE$BXSL

Blackstone Secured Lending Fund · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

Reported record quarterly earnings, highest net asset value per share, and most active quarter for originations since IPO in 2021.

Blackstone Secured Lending Fund reported its second quarter 2024 results, featuring record quarterly earnings, the highest net asset value per share, and the most active quarter for originations since its IPO in 2021. The company's credit performance remained strong, supported by a defensive portfolio primarily composed of first lien, senior secured debt.

  • BXSL reported the best quarterly earnings on a dollar basis since IPO in 2021.
  • Net asset value per share reached the highest level.
  • Originations were the most active since the IPO in 2021.
  • Credit performance remained strong, with a portfolio of 98.6% first lien, senior secured debt.

Headline financials

Total Revenue

-$78.8M

Previous: -$66.3M-19.0%
EPS

$1.01

Previous: $1.06-4.7%
Non-accrual rate

0.3%

Previous: 0.1%+200.0%
Free Cash Flow

$196M

Previous: $145M+35.4%
Net Income

$196M

Previous: $145M+35.4%
Operating Income

-$110M

Previous: -$96.8M-13.7%
Gross Profit

-$78.8M

Previous: -$66.3M-19.0%
Cash & Equivalents

$291M

Previous: $147M+97.6%
Total Assets

$11.8B

Previous: $9.57B+23.0%

Revenue & EPS history

Blackstone Secured Lending Fund · Revenue · Quarterly

-$78.8M

Q2 2024+19%vs Q2 2023
Beat estimate in 2 of 14 quarters(14%)
ActualEstimate

Forward guidance

The document does not contain specific forward guidance. It includes forward-looking statements regarding the company's beliefs, expectations, and potential future performance, which are subject to risks and uncertainties.

Historical earnings impact

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

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2024

Historical avgQ2 2024

+0.5%

Avg return

Earnings day

+0.7%

Avg return

5 days after

+0.6%

Avg return

30 days after

50%

10 / 20 earnings

Positive

+5.0%

Q2 2022

Best reaction

-4.6%

Q2 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.8%-3.1%-3.9%
Q4 2025+3.3%+1.5%-1.4%
Q3 2025+0.3%+0.6%+7.0%
Q2 2025-3.1%-2.6%-6.1%
Q1 2025+0.9%+4.0%+8.6%
Q4 2024-3.7%-1.4%-3.1%
Q3 2024-0.5%-0.9%+3.2%
Q2 2024+1.8%+1.7%+1.7%
Q1 2024-1.2%-3.2%-2.6%
Q4 2023-1.1%-0.8%+4.0%
Q3 2023-1.1%-0.8%-0.5%
Q2 2023-4.6%-3.8%-3.2%
Q1 2023-0.9%-1.2%+1.2%
Q4 2020+2.4%+2.4%+2.6%
Q4 2022+2.4%+2.4%+2.6%
Q3 2021+3.9%+5.3%+0.9%
Q3 2022+3.9%+5.3%+0.9%
Q2 2022+5.0%+3.9%+3.5%
Q1 2022+2.8%+1.0%-1.5%
Q4 2021-0.8%+3.1%-2.6%

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