The earnings call reflected positive trends in deal activity and robust net investment income, supported by a strong portfolio and efficient cost management. Despite a slight decrease in net asset value and some asset-specific underperformance, the overall sentiment is positive, driven by growth and stable credit quality.

Company Guidance

During the Blackstone Secured Lending Second Quarter 2025 Earnings Call, the management team provided detailed guidance on several key financial metrics and strategic initiatives. Net investment income (NII) was reported at $0.77 per share, representing an 11.2% annualized return on equity, with a distribution yield of 11.3%, both of which were fully covered by NII. The net asset value (NAV) per share decreased slightly to $27.33. The company's portfolio saw a 50% increase in new Blackstone Credit Insurance (BXCI) global private credit deal screenings compared to the fourth quarter of the previous year, indicating a significant uptick in deal activity. Credit quality remained robust, with a nonaccrual rate of 0.3% at cost. The portfolio's weighted average yield on performing debt investments was 10.2%, while the weighted average interest rate on borrowings stood at 5.03%. Total liquidity reached nearly $3 billion, with leverage remaining near the midpoint of the target range at 1.13x. The company emphasized its focus on maintaining low operating costs, with expenses at 20 basis points, significantly lower than the average BDC.

Increase in Investment Activity

BXSL saw a nearly 50% increase in new Blackstone Credit Insurance global private credit deal screenings compared to the fourth quarter of the previous year.

Strong Net Investment Income

BXSL reported net investment income of $0.77 per share, representing an 11.2% annualized return on equity, with a distribution yield of 11.3%.

Portfolio Stability and Growth

BXSL had 0.3% of investments on nonaccrual at cost, and the portfolio saw year-over-year EBITDA growth of nearly 11%.

Efficient Cost Management

BXSL's operating expenses are significantly lower than peers, with a focus on driving down costs such as liabilities and fees.

High Credit Quality

98% of BXSL's investments are in first lien senior secured loans with an average loan-to-value of 46.9% and a low nonaccrual rate of 0.3%.

Blackstone Secured Lending Fund (BXSL) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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BXSL Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 06, 2025	2025 (Q3)	0.78 / -	0.91	―	―	―
Aug 06, 2025	2025 (Q2)	0.79 / 0.77	0.89	-13.48% (-0.12)
May 07, 2025	2025 (Q1)	0.82 / 0.83	0.87	-4.60% (-0.04)
Feb 26, 2025	2024 (Q4)	0.85 / 0.84	0.96	-12.50% (-0.12)
Nov 12, 2024	2024 (Q3)	0.90 / 0.91	0.95	-4.21% (-0.04)
Aug 07, 2024	2024 (Q2)	0.90 / 0.89	1.06	-16.04% (-0.17)
May 08, 2024	2024 (Q1)	0.92 / 0.87	0.93	-6.45% (-0.06)
Feb 28, 2024	2023 (Q4)	0.93 / 0.96	0.9	6.67% (+0.06)
Nov 08, 2023	2023 (Q3)	0.98 / 0.95	0.8	18.75% (+0.15)
Aug 09, 2023	2023 (Q2)	0.98 / 1.06	0.62	70.97% (+0.44)

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

BXSL Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 06, 2025	$31.16	$30.19	-3.11%
May 07, 2025	$28.73	$28.98	+0.87%
Feb 26, 2025	$32.36	$31.18	-3.65%
Nov 12, 2024	$28.98	$28.72	-0.90%

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 Blackstone Secured Lending Fund (BXSL) report earnings?

Blackstone Secured Lending Fund (BXSL) is schdueled to report earning on Nov 06, 2025, TBA (Confirmed).

What is Blackstone Secured Lending Fund (BXSL) earnings time?

Blackstone Secured Lending Fund (BXSL) earnings time is at Nov 06, 2025, TBA (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 BXSL EPS forecast?

BXSL EPS forecast for the fiscal quarter 2025 (Q3) is 0.78.

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