NYSE$TSLX

Sixth Street Specialty Lending Inc · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Reported third quarter results and declared fourth quarter base dividend and third quarter supplemental dividend.

Sixth Street Specialty Lending, Inc. reported a net investment income of $0.59 per share and a net income of $0.44 per share for the third quarter ended September 30, 2024. Adjusted net investment income was $0.57 per share, exceeding the base quarterly dividend by 23%.

  • Net investment income per share was $0.59, and net income per share was $0.44.
  • Adjusted net investment income per share was $0.57, exceeding the base quarterly dividend by 23%.
  • NAV per share was $17.12 at September 30, 2024, compared to $17.19 at June 30, 2024.
  • The Board of Directors declared a fourth quarter 2024 base dividend of $0.46 per share and a third quarter supplemental dividend of $0.05 per share.

Headline financials

Total Revenue

$3.95M

Previous: $14M-71.8%
EPS

$0.44

Previous: $0.60-26.7%
Floating Rate Debt Investments (% FV)

98.8%

No prior period
Debt-to-Equity Ratio

1.19

Previous: 1.15+3.5%
Capital Expenditures

$0.00

No prior period
Free Cash Flow

$40.7M

Previous: $64.8M-37.3%
Net Income

$40.7M

Previous: $64.8M-37.3%
Operating Income

-$60M

Previous: -$50.2M-19.4%
Gross Profit

$3.95M

Previous: $14M-71.8%
Cash & Equivalents

$29.7M

Previous: $29.9M-0.5%
Total Assets

$3.53B

Previous: $3.17B+11.2%

Revenue & EPS history

Sixth Street · Revenue · Quarterly

$3.95M

Q3 2024-71.8%vs Q3 2023
Beat estimate in 4 of 13 quarters(31%)
ActualEstimate

Forward guidance

The company's base dividend level remains well supported through the terminal rate in 2026, based on the latest interest rate curve.

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 2024

Historical avgQ3 2024

+0.9%

Avg return

Earnings day

-1.1%

Avg return

5 days after

-0.5%

Avg return

30 days after

68%

13 / 19 earnings

Positive

+4.6%

Q3 2023

Best reaction

-4.4%

Q4 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+2.8%-11.3%-11.8%
Q4 2025-4.4%-4.3%-11.5%
Q3 2025-1.4%-6.4%-1.6%
Q1 2025-0.6%-0.9%+11.5%
Q4 2024+2.2%+2.9%-3.0%
Q3 2024+1.0%+1.3%+7.2%
Q2 2024-0.8%-5.0%+1.1%
Q1 2024-3.7%-3.0%+1.5%
Q4 2023+1.9%+1.6%-2.8%
Q3 2023+4.6%+2.9%+6.3%
Q2 2023+4.5%+2.5%+1.4%
Q1 2023+0.4%-2.6%+4.3%
Q4 2022+3.2%+0.3%-9.4%
Q3 2022+0.2%+1.2%+3.2%
Q2 2022-0.5%-0.6%-2.8%
Q1 2022+1.7%-0.2%-3.7%
Q4 2021+1.7%+0.0%-4.0%
Q3 2021+0.3%+1.5%+0.4%
Q4 2020+3.1%-0.1%+3.6%

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