NYSE$OBDC

Blue Owl Capital Corporation · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Blue Owl reported strong earnings, generating a 12.4% return on equity, with net investment income per share of $0.47, exceeding the regular dividend. The company's NAV per share was $15.28. New investment commitments totaled $1.2 billion.

Blue Owl Capital Corporation announced its Q3 2024 financial results, reporting a net investment income per share of $0.47, and a net asset value per share of $15.28. The company saw new investment commitments of $1.2 billion and maintained a strong portfolio.

  • Net investment income per share was $0.47, exceeding the regular dividend by 27%.
  • A third quarter supplemental dividend of $0.05 per share was declared.
  • Total dividends for the third quarter were $0.42 per share, representing an 11.0% annualized dividend yield.
  • NAV per share was $15.28, compared to $15.36 as of June 30, 2024.

Headline financials

Total Revenue

$72.7M

Previous: $399M-81.8%
EPS (adj)

$0.35

Previous: $0.49-28.6%
Capital Expenditures

$0.00

Previous: $0.00
Free Cash Flow

$135M

Previous: $117M+16.0%
Net Income

$135M

Previous: $207M-34.6%
Operating Income

-$23.2M

Previous: $193M-112.1%
Gross Profit

$72.7M

No prior period
Total Assets

$14.1B

Previous: $13.5B+4.7%

Revenue & EPS history

Blue Owl · Revenue · Quarterly

$72.7M

Q3 2024-81.8%vs Q3 2023
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

Forward-looking statements involve risks and uncertainties, including the timing and likelihood of the Mergers closing, expected synergies and savings, and the ability to realize anticipated benefits.

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 2024

Historical avgQ3 2024

+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

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