Blue Owl Capital reports Q1 adjusted NII 31c, consensus 35c

Net asset value per share of $14.41, as compared with $14.81 as of December 31, 2025, primarily reflecting the impact of credit spread widening on the portfolio. “OBDC‘s credit performance remains strong, with no new non-accruals and steady borrower performance,” said Craig Packer, Chief Executive Officer. “While the quarter reflected a more challenging earnings environment driven by lower base rates and tighter spreads, our portfolio is delivering solid performance, and our balance sheet is strong. With healthy repayments, lower leverage and approximately $4 billion of available liquidity, we have the flexibility to capitalize on an increasingly attractive deployment environment at wider spreads.”