NYSE$BXSL

Blackstone Secured Lending Fund · Q3 2023 earnings

Q3 2023 earnings · · Investor relations

Briefing

Reported strong results driven by solid credit performance, growth in net asset value, and attractive investment income, benefiting from sustained higher rates on a predominantly floating rate investment portfolio.

Blackstone Secured Lending Fund reported strong third quarter results with solid credit performance and growth in net asset value. The company's performance was supported by its predominantly first lien portfolio and a minimal non-accrual rate.

  • Net investment income of $0.95 per share in the quarter.
  • Portfolio is well positioned with investments in companies with solid fundamentals and only 1 issuer on non-accrual.
  • BXSL is designed to protect capital with a senior secured debt focus.
  • Increased dividend supported by strong earnings power.

Headline financials

Total Revenue

-$67.5M

Previous: -$58.8M-14.9%
EPS (adj)

$0.95

Previous: $0.80+18.7%
Non-accrual rate

0.1%

No prior period
Free Cash Flow

$171M

Previous: $95.9M+78.2%
Net Income

$171M

Previous: $95.9M+78.2%
Operating Income

-$98.3M

Previous: -$89.8M-9.5%
Gross Profit

-$67.5M

Previous: -$58.8M-14.9%
Cash & Equivalents

$146M

Previous: $131M+11.1%
Total Assets

$9.8B

Previous: $9.93B-1.2%

Revenue & EPS history

Blackstone Secured Lending Fund · Revenue · Quarterly

-$67.5M

Q3 2023+14.9%vs Q3 2022
Beat estimate in 2 of 14 quarters(14%)
ActualEstimate

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 Q3 2023

Historical avgQ3 2023

+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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro