The earnings call reflected a strong financial performance with robust dividend coverage, reduced nonaccruals, and positive NAV growth, outweighing challenges such as a muted M&A environment and declining portfolio yields.

Company Guidance

During the call, Sixth Street Specialty Lending, Inc. provided guidance indicating robust financial performance for Q2 2025. The company reported an adjusted net investment income of $0.56 per share and an adjusted net income of $0.64 per share, translating to annualized returns on equity of 13.1% and 15.1%, respectively. Despite a challenging market environment, the firm's net asset value (NAV) per share increased by 70 basis points to $17.17 as of June 30, 2025. This growth was attributed to disciplined capital allocation and successful differentiation in sourcing investments, which led to a total economic return of 42.6% over recent years, significantly outperforming the public BDC sector average. The firm also declared a base quarterly dividend of $0.46 per share and a supplemental dividend of $0.05 per share, underscoring strong dividend coverage as adjusted net investment income exceeded the base dividend by 22%. Looking ahead, the company anticipates its quarterly earnings power to surpass the base dividend level, given stable credit conditions and target leverage range.

Strong Financial Performance

SLX reported adjusted net investment income of $0.56 per share, exceeding the base dividend by 22%, and adjusted net income of $0.64 per share, with an annualized return on equity of 15.1%.

Positive NAV Growth

Net asset value per share increased by 1.2% over the last few years and by 0.70% from the previous quarter, demonstrating resilience amidst broader sector challenges.

High Dividend Coverage

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

Reduction in Nonaccruals

Improvement in nonaccruals from 1.2% to 0.6% due to successful restructuring of portfolio companies, indicating better credit quality.

Effective Capital Allocation

The company achieved a total economic return of 42.6%, significantly outperforming the average public BDC peers' return of 19.1%.

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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