NYSE$TSLX

Sixth Street Specialty Lending Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Reported full year and fourth quarter 2022 earnings results and declared a $0.01 per share increase in first quarter base dividend and a fourth quarter supplemental dividend of $0.09 per share.

Sixth Street Specialty Lending, Inc. reported net investment income of $0.65 per share and net income of $0.57 per share for the quarter ended December 31, 2022. The company's net investment income in the fourth quarter was driven by higher fees from elevated repayment activity, as well as a robust level of interest income from the strength in the core earnings power of the portfolio.

  • Net investment income per share for Q4 2022 was $0.65, while adjusted net investment income per share was $0.64.
  • Net income per share for Q4 2022 was $0.57, with adjusted net income per share at $0.56.
  • Reported net asset value (NAV) per share was $16.48 at December 31, 2022.
  • The Board of Directors increased its quarterly base dividend by $0.01 per share to $0.46 per share and announced a fourth quarter supplemental dividend of $0.09 per share.

Headline financials

Total Revenue

$100M

Previous: $78.3M+27.9%
EPS (adj)

$0.64

Previous: $0.63+1.6%
First Lien Debt Investments (% FV)

90.3%

No prior period
Net Income

$46.3M

Previous: $41.8M+10.8%
Cash & Equivalents

$25.6M

Previous: $16M+60.3%
Total Assets

$2.84B

Previous: $2.55B+11.2%

Revenue & EPS history

Sixth Street · Revenue · Quarterly

$100M

Q4 2022+27.9%vs Q4 2021
Beat estimate in 4 of 13 quarters(31%)
ActualEstimate

Forward guidance

The Company announced that its Board of Directors has increased its quarterly base dividend, raising this figure by $0.01 per share to $0.46 per share to shareholders of record as of March 15, and payable on March 31. The Board also announced a fourth quarter supplemental dividend of $0.09 per share to shareholders of record as of February 28, 2023, payable on March 20, 2023.

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 Q4 2022

Historical avgQ4 2022

+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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