NYSE$OBDC
Blue Owl Capital Corporation · Q4 2024 earnings
Q4 2024 earnings · · After market close · Investor relations
Briefing
Blue Owl Capital Corporation reported strong Q4 2024 earnings, with net investment income per share of $0.47 and net asset value per share of $15.26.
Blue Owl Capital Corporation delivered a solid Q4 2024, reporting net investment income per share of $0.47, exceeding its base dividend by 27%. The company declared a total dividend of $0.42 per share, including a $0.05 supplemental dividend. Net asset value per share was $15.26, slightly down from the prior quarter due to unrealized losses from credit marks. Investment activity remained strong with $1.7 billion in new commitments, while non-accrual investments declined to 0.4% of the portfolio.
- Net investment income per share of $0.47, exceeding base dividend by 27%.
- Total dividends declared for Q4 2024 amounted to $0.42 per share.
- Net asset value per share was $15.26, slightly down from the prior quarter.
- New investment commitments totaled $1.7 billion, offset by $1.6 billion in sales and repayments.
Headline financials
Revenue & EPS history
Blue Owl · Revenue · Quarterly
$394M
Revenue by segment
Blue Owl · $875K total across 1 segment · Q3 2023
- Joint ventures$875K—100.0%
Forward guidance
Blue Owl Capital Corporation expects to build on its strong performance in 2025, leveraging enhanced scale from its recent merger with OBDE. The company remains optimistic about investment opportunities and portfolio resilience but acknowledges potential risks from market volatility.
Tailwinds
- Continued strong portfolio performance and credit quality.
- Expected benefits from the completed merger with OBDE.
- Robust investment activity with over $1.7 billion in new commitments in Q4.
- Well-capitalized with $505.7 million in cash and access to credit facilities.
- Stable and attractive dividend policy with strong coverage.
Headwinds
- Unrealized losses from credit marks impacted NAV per share.
- Potential headwinds from macroeconomic uncertainties.
- Interest rate fluctuations may impact borrowing costs and investment returns.
- Competitive pressures in the middle-market lending space.
- Market volatility could affect asset valuations and credit quality.
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 Q4 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
| Quarter | Report date | Reaction (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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