NYSE$OBDC
Blue Owl Capital Corporation · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Reported first quarter with net investment income per share of $0.45 and NAV per share of $15.15.
Owl Rock Capital Corporation reported a strong first quarter in 2023, achieving record net investment income and maintaining a strong credit performance. The company's net asset value per share increased, and the direct lending portfolio is defensively positioned for stable returns.
- First quarter NII of $0.45 per share exceeded the first quarter dividend of $0.33 per share by over 35%, marking the highest quarterly NII since ORCC’s inception.
- The Board declared a first quarter supplemental dividend of $0.06 per share, bringing total dividends for the first quarter to $0.39 per share, representing a greater than 10% annualized yield based on current NAV per share.
- Delivered NII ROE of 12.1% in the first quarter, up from 8.3% the prior year.
- Net asset value per share increased to $15.15 compared to $14.99 as of December 31, 2022.
Headline financials
Revenue & EPS history
Blue Owl · Revenue · Quarterly
$76.1M
Revenue by segment
Blue Owl · $875K total across 1 segment · Q3 2023
- Joint ventures$875K—100.0%
Forward guidance
The Company’s Board of Directors has declared a second quarter 2023 dividend of $0.33 per share for stockholders of record as of June 30, 2023, payable on or before July 14, 2023 and a first quarter 2023 supplemental dividend of $0.06 per share for stockholders of record as of May 31, 2023, payable on or before June 15, 2023.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2023
+0.6%
Avg return
Earnings day
+1.1%
Avg return
5 days after
+0.4%
Avg return
30 days after
63%
17 / 27 earnings
Positive
+6.6%
Q3 2022
Best reaction
-5.4%
Q3 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2025 | — | — | — | |
| Q1 2026 | -2.9% | -5.1% | -6.3% | |
| Q4 2025 | -1.0% | +1.1% | -3.5% | |
| Q3 2025 | -5.4% | -5.6% | +5.5% | |
| Q1 2025 | +1.2% | +6.3% | +6.3% | |
| Q4 2024 | -0.7% | -1.9% | -4.2% | |
| Q3 2024 | +1.2% | +1.4% | +4.6% | |
| Q2 2024 | -1.6% | -2.9% | -0.9% | |
| Q1 2024 | -0.9% | +0.2% | +0.1% | |
| Q4 2023 | +1.5% | +0.7% | +2.9% | |
| Q3 2023 | +1.7% | +3.5% | +7.3% | |
| Q2 2023 | -0.7% | -1.5% | -3.4% | |
| Q1 2023 | +1.8% | +3.4% | +8.1% | |
| Q4 2022 | +5.2% | +4.9% | -5.0% | |
| Q3 2022 | +6.6% | +9.0% | +8.7% | |
| Q2 2022 | +1.3% | +6.3% | +1.7% | |
| Q1 2022 | -4.9% | -8.6% | -5.1% | |
| Q4 2021 | +2.0% | +2.8% | +2.5% | |
| Q3 2021 | +0.1% | +1.6% | -2.7% | |
| Q2 2021 | +0.1% | +0.3% | +2.3% | |
| Q1 2021 | -2.6% | -3.7% | +0.9% | |
| Q4 2020 | +0.4% | +0.8% | -0.4% | |
| Q3 2020 | +5.6% | +9.3% | +12.9% | |
| Q2 2020 | +3.0% | +3.1% | +0.4% | |
| Q1 2020 | +3.6% | +4.8% | +3.7% | |
| Q4 2019 | -1.2% | -5.9% | -35.5% | |
| Q3 2019 | +1.7% | +2.4% | +7.2% | |
| Q2 2019 | +1.7% | +2.1% | +1.9% | |
| Q1 2019 | — | — | — | |
| Q4 2018 | — | — | — | |
| Q3 2018 | — | — | — | |
| Q2 2018 | — | — | — | |
| Q1 2018 | — | — | — | |
| Q4 2017 | — | — | — | |
| Q3 2017 | — | — | — | |
| Q2 2017 | — | — | — | |
| Q1 2017 | — | — | — | |
| Q4 2016 | — | — | — | |
| Q3 2016 | — | — | — | |
| Q2 2016 | — | — | — | |
| Q1 2016 | — | — | — |
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