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Blue Owl Capital (OBDC)
NYSE:OBDC
Earnings Data
Report Date
May 07, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.43Last Year’s EPS
0.47Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 19, 2025
|% Change Since: -1.34%
|Next Earnings Date:May 07, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong financial performance, successful merger execution, and significant growth in direct lending and dividends. However, challenges such as disappointing M&A deal flow and lower interest rates were noted. Overall, the positive aspects, including portfolio resilience and expansion into new credit strategies, outweigh the challenges.Company Guidance
In the recent earnings call, Blue Owl Capital Corporation highlighted several key metrics and achievements for the fourth quarter and full year of 2024. The company reported a strong net investment income (NII) of $0.47 per share for the quarter and $1.89 per share for the year, achieving a return on equity (ROE) of 12.4% for the quarter and 12.2% for the year. The net asset value (NAV) per share was $15.26 at quarter-end, consistent with the previous quarter. Blue Owl Capital also paid record dividends totaling $1.72 per share for the year, marking a nearly 10% increase year-over-year. The company's direct lending portfolio grew, with an average hold size in new deals rising from $200 million in 2021 to $350 million in 2024, while the total deal size increased from $600 million to over $1 billion. The nonaccrual rate remained well below industry averages, and the company maintained a selectivity rate of approximately 5% for new investments. After merging with Blue Owl Capital Corporation III (OBDE), the company emerged as the second-largest publicly traded business development company (BDC) by total assets, with improved trading liquidity and anticipated operational synergies.Strong Financial Performance
Generated strong fourth quarter and full year results with NII of $0.47 per share for Q4 and $1.89 per share for the full year. Achieved ROE of 12.4% for Q4 and 12.2% for the full year.
Record Dividends
Paid out record dividends totaling $1.72 per share for 2024, reflecting a nearly 10% increase year over year.
Successful Merger and Increased Scale
Completed merger with OBDE, making Blue Owl Capital Corporation the second-largest publicly traded BDC by total assets, improving trading liquidity and reducing financing costs.
Increase in Direct Lending
Committed over $27 billion in direct originations, roughly double from 2023, with significant first lien investments increasing from 68% to 76% of the portfolio.
Portfolio Quality and Resilience
Non-accrual rate remains low at 40 basis points, decreasing to 30 basis points post-merger. Portfolio companies' revenues and EBITDA increased in the mid to high single digits year over year.
Expansion into New Credit Strategies
Broadened credit platform by expanding into alternative and investment-grade credit as well as data centers.
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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
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OBDC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 19, 2025 | $15.64 | $15.53 | -0.70% |
| Nov 06, 2024 | $14.71 | $14.43 | -1.90% |
| Aug 07, 2024 | $13.87 | $13.78 | -0.65% |
| May 08, 2024 | $15.01 | $14.87 | -0.93% |
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.
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FAQ
When does Blue Owl Capital (OBDC) report earnings?
Blue Owl Capital (OBDC) is schdueled to report earning on May 07, 2025, TBA Not Confirmed.
What is Blue Owl Capital (OBDC) earnings time?
Blue Owl Capital (OBDC) earnings time is at May 07, 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 (Q1) is 0.43.
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