The earnings call reflects a largely positive performance with strong net investment income and credit quality, alongside a robust increase in deal activity and portfolio growth. However, there are some concerns with a slight decrease in NAV per share, net investment losses, and specific asset performance issues like Medallia.

Company Guidance -

Q3 2025

During the Blackstone Secured Lending's second quarter 2025 earnings call, the firm provided a comprehensive update on their performance metrics. The net investment income (NII) for the quarter was $0.77 per share, representing an 11.2% annualized return on equity, with a net asset value (NAV) per share slightly decreasing by $0.06 to $27.33. The distribution of $0.77 per share was fully covered by the NII, yielding an 11.3% annualized distribution yield, which is among the highest in their traded BDC peer group. Additionally, the portfolio's credit quality remained strong, with only 0.3% of investments on nonaccrual at cost. The weighted average yield on performing debt investments stood at 10.2%, while the leverage ratio was at 1.13x, falling within the target range. The firm also highlighted the increase in new deal activity, with a nearly 50% rise in new global private credit deal screenings compared to the fourth quarter of the previous year, and concluded the quarter with $13.3 billion in investments at fair value, marking a 17% increase year-over-year.

Increase in New Deal Screenings

There was a nearly 50% increase in new Blackstone Credit Insurance global private credit deal screenings in Q2 2025 compared to Q4 2024, indicating a rise in deal activity.

Strong Net Investment Income

Net investment income (NII) was $0.77 per share, representing an 11.2% annualized return on equity and an 11.3% annualized distribution yield.

Consistent Credit Quality

Credit quality remains strong with only 0.3% of investments on nonaccrual at cost and 0.1% at fair market value. No new names were added to the nonaccrual list this quarter.

Portfolio Growth

BXSL ended the quarter with $13.3 billion of investments at fair value, over a 17% increase from $11.3 billion year-over-year.

Cost Efficiency

BXSL continues to lead the market with lower fees and expenses, focusing on quality and avoiding unnecessary risk.

High Yield on Debt Investments

The weighted average yield on performing debt investments at fair value was 10.2%, consistent with last quarter.

High Dividend Coverage

BXSL maintained its dividend distribution of $0.77 per share, fully covered by net investment income.

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

Daily Earnings Calendar >

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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