NYSE$OBDC

Blue Owl Capital Corporation · Q2 2023 earnings

Q2 2023 earnings · · Investor relations

Briefing

Blue Owl reported record net investment income for the second straight quarter and delivered strong credit performance.

Blue Owl Capital Corporation reported second quarter net investment income of $0.48 per share and net asset value per share of $15.26. The company achieved record net investment income for the second straight quarter and delivered strong credit performance.

  • Second quarter net investment income was $0.48 per share, representing the second consecutive quarter of record NII.
  • The Board declared a second quarter supplemental dividend of $0.07 per share.
  • Total dividends for the second quarter were $0.40 per share, a 30% increase from the same period a year ago.
  • Net asset value per share increased to $15.26 compared to $15.15 as of March 31, 2023.

Headline financials

Total Revenue

$189M

Previous: $273M-30.8%
EPS (adj)

$0.48

Previous: $0.32+50.0%
NAV per share

$15.26

Previous: $14.48+5.4%
Free Cash Flow

$196M

No prior period
Net Income

$196M

Previous: -$34.9M+660.3%
Operating Income

$94.2M

Previous: $127M-25.6%
Gross Profit

$189M

No prior period
Cash & Equivalents

$368M

Previous: $300M+22.7%
Total Assets

$13.4B

Previous: $13.1B+2.3%

Revenue & EPS history

Blue Owl · Revenue · Quarterly

$189M

Q2 2023-30.8%vs Q2 2022
Beat estimate in 4 of 15 quarters(27%)
ActualEstimate

Revenue by segment

Blue Owl · $875K total across 1 segment · Q3 2023

  • Joint ventures
    $875K

Forward guidance

The Company can generate an ROE in excess of 12% for 2023 based on our current outlook for rates and credit performance.

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 2023

Historical avgQ2 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

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
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

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