Sep 30, 2023

Blue Owl Q3 2023 Earnings Report

Blue Owl's Q3 2023 performance was marked by record net investment income and strong credit performance.

Key Takeaways

Blue Owl Capital Corporation reported a strong third quarter with record net investment income of $0.49 per share and a net asset value per share of $15.40. The company also increased its quarterly dividend to $0.35 per share and declared a supplemental dividend of $0.08 per share.

Net investment income was $0.49 per share, marking the third consecutive quarter of record NII.

A supplemental dividend of $0.08 per share was declared for the third quarter.

Total dividends for the third quarter were $0.41 per share, a 21% increase year-over-year.

Net asset value per share increased to $15.40, the highest NAV since inception.

Total Revenue
$399M
Previous year: $314M
+27.1%
EPS
$0.49
Previous year: $0.37
+32.4%
NAV per Share
$15.4
Weighted Avg Portfolio Yield
12.3%
Cash and Equivalents
$432M
Previous year: $455M
-5.1%
Free Cash Flow
$117M
Total Assets
$13.5B
Previous year: $13.4B
+0.4%

Blue Owl

Blue Owl

Forward Guidance

No specific forward guidance was provided in the release.