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Blue Owl Capital (OBDC)
NYSE:OBDC
Earnings Data
Report Date
Aug 06, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.4Last Year’s EPS
0.48Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 07, 2025
|% Change Since: 3.87%
|Next Earnings Date:Aug 06, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong portfolio performance, successful merger benefits, and a solid financial position. However, there are challenges due to economic uncertainties and slight declines in net asset value and nonrecurring income. Despite these challenges, the overall position and proactive measures suggest resilience.Company Guidance
During Blue Owl Capital Corporation's first quarter 2025 earnings call, the company provided guidance emphasizing its strong portfolio performance despite a more normalized earnings environment. The company reported a return on equity (ROE) of 10.2% and adjusted net investment income (NII) of $0.39 per share. The net asset value (NAV) per share was $15.14, slightly down from the previous quarter. Blue Owl noted a decrease in nonrecurring income and the impact of previous interest rate cuts. The nonaccrual rate remained low at 0.8% at fair value and 1.4% at cost, reflecting solid credit quality. The portfolio is largely composed of first lien investments, which increased from 73% to 77% over the past year. Blue Owl's leverage at the end of the quarter was 1.26x, slightly above its target range, with expectations to return within target in the second quarter. The company declared a $0.01 supplemental dividend and a second quarter base dividend of $0.37 per share, supported by a healthy spillover income of approximately $0.34. Management highlighted its cautious approach amidst economic uncertainties, focusing on resilient sectors and maintaining a strong balance sheet to navigate potential market volatility.Strong Portfolio Performance
Generated an ROE of 10.2%, marking the 11th consecutive double-digit ROE. The portfolio's credit quality remains solid with a low nonaccrual rate well below the industry average.
Successful Merger Completion
Successfully completed the merger between OBDC and OBDE on January 13, which has led to operational efficiencies and a combined strong financial position.
Increased First Lien Investments
Over 90% of first quarter direct loan originations were first lien investments. First lien investments have grown from 73% to 77% of the portfolio over the last year.
Supplemental Dividend Declared
Declared a $0.01 supplemental dividend based on first quarter results, with a second quarter base dividend of $0.37, supported by adjusted earnings with 106% dividend coverage.
Strong Balance Sheet and Liquidity
Ended the quarter with over $3 billion of total cash and facility capacity, providing more than ample unfunded capacity to meet near-term funding needs.
OBDC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
OBDC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 07, 2025 | $13.71 | $13.88 | +1.24% |
Feb 19, 2025 | $15.20 | $15.10 | -0.66% |
Nov 06, 2024 | $14.30 | $14.03 | -1.89% |
Aug 07, 2024 | $13.49 | $13.40 | -0.67% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Blue Owl Capital (OBDC) report earnings?
Blue Owl Capital (OBDC) is schdueled to report earning on Aug 06, 2025, TBA Not Confirmed.
What is Blue Owl Capital (OBDC) earnings time?
Blue Owl Capital (OBDC) earnings time is at Aug 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is OBDC EPS forecast?
OBDC EPS forecast for the fiscal quarter 2025 (Q2) is 0.4.