The call highlighted strong net investment income, low non-accruals, and increased M&A activity, contributing to a robust growth outlook. However, challenges such as decreased NAV per share and lower weighted average yields were also noted.

Company Guidance

During Blackstone Secured Lending's Third Quarter 2025 Investor Call, the management team offered insight into their financial performance and future outlook. Key metrics highlighted included a net investment income (NII) of $0.82 per share, yielding a 12% annualized return on equity, primarily from interest income. The portfolio's average leverage ended at 1.22x, with a weighted average yield on performing debt investments at 10%. Non-accruals remained low at 0.1%, showcasing strong credit quality. The fund's NAV per share was $27.15, a decrease of $0.18 quarter-over-quarter due to markdowns. Additionally, the company reported a distribution of $0.77 per share, representing an 11.3% annualized yield. The management emphasized the benefits of an active M&A market, with third-quarter M&A activity up 63% year-over-year, and the company's focus on first lien senior secured loans with significant sponsor backing.

Increased M&A Activity

M&A activity is up 63% year-over-year, contributing to growth and higher deal activity.

Low Non-accruals

Non-accruals dropped to 0.1% of costs, remaining the lowest among traded BDC peers.

Strong Net Investment Income

Net Investment Income was $0.82 per share, representing a 12% annualized return on equity.

High Dividend Yield

Dividend distribution of $0.77 per share was 106% covered by net investment income, representing an 11.3% annualized distribution yield.

Robust Portfolio Growth

BXSL ended the quarter with $13.8 billion of investments at fair value, a 15% increase year-over-year.

Strong Credit Quality

Portfolio companies have LTM EBITDA growth of nearly 9% and average interest coverage of 2x.

Increased Deployment

Deployment for the quarter surpassed $1 billion, up 90% compared to the second quarter.

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
Mar 02, 2026	2025 (Q4)	0.79 / -	0.84	―	―	―
Nov 10, 2025	2025 (Q3)	0.79 / 0.82	0.91	-9.89% (-0.09)
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)

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
Nov 10, 2025	$26.49	$26.60	+0.42%
Aug 06, 2025	$30.26	$29.32	-3.11%
May 07, 2025	$27.90	$28.15	+0.90%
Feb 26, 2025	$31.43	$30.28	-3.66%

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 Mar 02, 2026, TBA (Confirmed).

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

Blackstone Secured Lending Fund (BXSL) earnings time is at Mar 02, 2026, 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 (Q4) is 0.79.

Become an Expert with TipRanks Premium

What am I Missing?

Make informed decisions based on Top Analysts' activity

Know what industry insiders are buying

Get actionable alerts from top Wall Street Analysts

Find out before anyone else which stock is going to shoot up

Get powerful stock screeners & detailed portfolio analysis

Subscribe Now See Plans & Pricing