NYSE$OBDC

Blue Owl Capital Corporation · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Reported net investment income of $0.33 per share and NAV per share of $14.67.

Owl Rock Capital Corporation reported a net investment income of $127.4 million, or $0.33 per share, and net income of $216.0 million, or $0.56 per share, for the third quarter ended September 30, 2020. The net asset value per share was $14.67 at September 30, 2020, compared to $14.52 at June 30, 2020.

  • Net investment income was $127.4 million, or $0.33 per share.
  • Net income was $216.0 million, or $0.56 per share.
  • Net asset value per share was $14.67.
  • New investment commitments totaled $843.6 million.

Headline financials

Total Revenue

$187M

Previous: $188M-0.6%
EPS (adj)

$0.33

Previous: $0.36-8.3%
Net Asset Value Per Share

$14.67

Previous: $15.22-3.6%
Net Income

$216M

No prior period
Operating Income

$126M

No prior period
Cash & Equivalents

$220M

No prior period
Total Assets

$10.2B

No prior period

Revenue & EPS history

Blue Owl · Revenue · Quarterly

$187M

Q3 2020-0.6%vs Q3 2019
Beat estimate in 3 of 8 quarters(38%)
ActualEstimate

Revenue by segment

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

  • Joint ventures
    $875K—

Forward guidance

The Company’s Board of Directors has declared a fourth quarter 2020 dividend of $0.31 per share and had previously declared a special dividend of $0.08 per share, both for stockholders of record as of December 31, 2020, payable on or before January 19, 2021. On November 3, 2020, the Board approved a repurchase program under which the Company may repurchase up to $100 million of the Company’s outstanding common stock.

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 Q3 2020

Historical avgQ3 2020

+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
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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