NYSE$OBDC

Blue Owl Capital Corporation · Q3 2023 earnings

Q3 2023 earnings · · Investor relations

Briefing

Blue Owl's Q3 2023 performance was marked by record net investment income and strong credit performance.

Blue Owl Capital Corporation reported a strong third quarter with record net investment income of $0.49 per share and a net asset value per share of $15.40. The company also increased its quarterly dividend to $0.35 per share and declared a supplemental dividend of $0.08 per share.

  • Net investment income was $0.49 per share, marking the third consecutive quarter of record NII.
  • A supplemental dividend of $0.08 per share was declared for the third quarter.
  • Total dividends for the third quarter were $0.41 per share, a 21% increase year-over-year.
  • Net asset value per share increased to $15.40, the highest NAV since inception.

Headline financials

Total Revenue

$399M

Previous: $149M+168.6%
EPS (adj)

$0.49

Previous: $0.37+32.4%
Net Asset Value Per Share

$15.40

No prior period
Capital Expenditures

$0.00

No prior period
Free Cash Flow

$117M

Previous: $265M-56.0%
Net Income

$207M

Previous: $265M-22.0%
Operating Income

$193M

Previous: $64.5M+199.1%
Cash & Equivalents

$432M

Previous: $455M-5.1%
Total Assets

$13.5B

Previous: $13.4B+0.4%

Revenue & EPS history

Blue Owl · Revenue · Quarterly

$399M

Q3 2023+168.6%vs Q3 2022
Beat estimate in 4 of 16 quarters(25%)
ActualEstimate

Revenue by segment

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

  • Joint ventures
    $875K—

Forward guidance

No specific forward guidance was provided in the release.

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 2023

Historical avgQ3 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
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———

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