The earnings call highlighted strong financial performance with improvements in nonaccruals and robust dividend coverage. Despite challenges in the M&A and leveraged loan markets, the company showed resilience with increased net asset value and successful restructuring of portfolio companies.

Company Guidance -

Q3 2025

During the earnings call for Sixth Street Specialty Lending, Inc. for the second quarter ended June 30, 2025, the company provided comprehensive guidance involving various financial metrics. The adjusted net investment income was reported at $0.56 per share, reflecting an annualized return on equity of 13.1%, while the adjusted net income was $0.64 per share, corresponding to a 15.1% annualized return on equity. The call highlighted that the net asset value per share increased by 70 basis points to $17.17 from $17.04 as of March 31, 2025. The company also discussed a total economic return of 42.6% over the recent period, significantly outperforming the average of their public BDC peers, which was 19.1%. Sixth Street Specialty Lending noted improvements in credit quality with nonaccruals decreasing to 0.6% of the portfolio at fair value, and they declared a base quarterly dividend of $0.46 per share along with a supplemental dividend of $0.05 per share. Additionally, they reported strong dividend coverage, with adjusted net investment income in Q2 exceeding the base dividend by 22%. The company also expressed confidence in their ability to leverage their platform to source and execute differentiated investment opportunities, as demonstrated by a weighted average spread of 6.5% on new first lien investments compared to a sector average of 5.3% in Q1.

Strong Financial Performance

Adjusted net investment income of $0.56 per share, exceeding the base dividend by 22%, with an annualized return on equity of 13.1%.

Improvement in Nonaccruals

Nonaccruals improved from 1.2% to 0.6% of the portfolio at fair value, showing recovery in credit quality.

Robust Dividend Coverage

The adjusted net investment income in Q2 exceeded the base dividend by 22%, demonstrating strong dividend coverage.

Increase in Net Asset Value

Net asset value per share increased by 70 basis points from $17.04 to $17.17, reflecting positive financial performance.

Successful Restructuring of Portfolio Companies

The restructuring of Lithium Technologies resulted in the removal from nonaccrual status without material impact on net asset value.

Strong Economic Return

Generated a total economic return of 42.6%, significantly higher than the 19.1% average of public BDC peers.

Sixth Street Specialty Lending (TSLX) 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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TSLX Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 04, 2025	2025 (Q3)	0.52 / -	0.57	―	―	―
Jul 30, 2025	2025 (Q2)	0.53 / 0.56	0.5	12.00% (+0.06)
Apr 30, 2025	2025 (Q1)	0.55 / 0.58	0.59	-1.69% (-0.01)
Feb 13, 2025	2024 (Q4)	0.57 / 0.61	0.62	-1.61% (-0.01)
Nov 05, 2024	2024 (Q3)	0.57 / 0.57	0.57	0.00% (0.00)
Jul 31, 2024	2024 (Q2)	0.58 / 0.50	0.58	-13.79% (-0.08)
May 01, 2024	2024 (Q1)	0.59 / 0.59	0.55	7.27% (+0.04)
Feb 15, 2024	2023 (Q4)	0.58 / 0.62	0.64	-3.13% (-0.02)
Nov 02, 2023	2023 (Q3)	0.57 / 0.57	0.47	21.28% (+0.10)
Aug 03, 2023	2023 (Q2)	0.55 / 0.58	0.42	38.10% (+0.16)

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

TSLX Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 30, 2025	$23.66	$24.28	+2.62%
Apr 30, 2025	$20.30	$20.10	-0.99%
Feb 13, 2025	$21.44	$21.91	+2.19%
Nov 05, 2024	$18.81	$18.87	+0.32%

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 Sixth Street Specialty Lending (TSLX) report earnings?

Sixth Street Specialty Lending (TSLX) is schdueled to report earning on Nov 04, 2025, After Close (Confirmed).

What is Sixth Street Specialty Lending (TSLX) earnings time?

Sixth Street Specialty Lending (TSLX) earnings time is at Nov 04, 2025, After Close (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 TSLX EPS forecast?

TSLX EPS forecast for the fiscal quarter 2025 (Q3) is 0.52.

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