Core Insights - Blue Owl Capital (NYSE: OBDC) experienced an increase in its non-accrual percentage in the first quarter, indicating potential challenges in asset performance [1] - Despite the increase in non-accruals, Blue Owl Capital continues to present a strong value proposition for dividend investors, maintaining a dividend coverage ratio of 1.08X in the first quarter [1] Financial Performance - The non-accrual percentage for Blue Owl Capital rose in the first quarter, suggesting a need for monitoring asset quality [1] - The dividend coverage ratio of 1.08X indicates that the company is generating sufficient earnings to cover its dividend payments, which is a positive sign for investors [1]

Company Overview - Blue Owl Capital Corporation (NYSE: OBDC) is a Business Development Company (BDC) [1] Financial Performance - In Q1, Blue Owl Capital delivered a total NAV return of 2%, which is in line with the median return in the coverage [1]

Group 1 - The focus is on growth and dividend income as a strategy for retirement planning [1] - The portfolio is structured to generate monthly dividend income that grows through reinvestment and annual increases [1] Group 2 - The article expresses personal opinions and is not intended as investment advice [2][3] - It emphasizes the importance of conducting individual research before making investment decisions [2]

Analyst's Disclosure: I/we have a beneficial long position in the shares of AM either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any inv ...

Core Insights - Blue Owl Capital Corp. (NYSE: OBDC) demonstrated resilience in the first quarter earnings, showcasing robust net investment income despite a challenging and volatile market [1] - The company successfully grew its portfolio value, indicating strong performance in a difficult economic environment [1] Financial Performance - The first quarter earnings report highlighted the company's ability to maintain strong net investment income [1] - The growth in portfolio value reflects the company's strategic positioning and adaptability in the current market conditions [1]

Core Viewpoint - Blue Owl Capital Corporation reported a decline in earnings per share (EPS) for the first quarter of 2025, missing consensus estimates, while total investment income increased year over year but also fell short of expectations [1][3]. Financial Performance - The first-quarter EPS was 39 cents, down from 47 cents a year ago and below the Zacks Consensus Estimate of 43 cents [1]. - Total investment income reached $464.6 million, reflecting a 16.3% year-over-year increase, but missed the consensus estimate by 2.6% [1][3]. - Net investment income rose 10.1% year over year to $201.3 million, exceeding the estimate of $184.7 million [3]. - Total expenses increased by 22.7% year over year to $259.6 million, primarily due to higher interest expenses and management fees, surpassing the estimate of $250.4 million [4]. Investment Commitments and Portfolio - Blue Owl Capital made total new investment commitments of $1.2 billion across 12 new portfolio companies and 22 existing ones [3]. - The company ended the quarter with investments in 236 portfolio companies, with an aggregate fair value of $17.7 billion, resulting in an average investment size of $75 million per company [3]. Cash Flow and Debt - The cash balance at the end of the first quarter was $511.5 million, slightly up from $505.7 million at the end of 2024 [4]. - Total assets increased to $18.4 billion from $13.9 billion at the end of 2024 [4]. - Debt rose to $10.2 billion from $7.5 billion at the end of 2024, with a net debt to equity ratio of 1.26X [5]. Dividend and Share Repurchase - The board declared a second-quarter 2025 dividend of 37 cents per share, payable on or before July 15, 2025, and a supplemental dividend of 1 cent per share for the first quarter [6]. - The company has a stock repurchase program allowing for the purchase of up to $150 million in shares, but no repurchases were made in the first quarter [7].

After the merger with Blue Owl Capital Corporation III (OBDE), Blue Owl Capital Corporation (NYSE: OBDC ) became the second-largest business development company in the world after Ares Capital ( ARCC ) in terms of assets and market capitalization. As of the dayHey there! My focus here is to provide you with insightful rating analysis on the world's leading financial firms to help you navigate and comprehend the latest investment opportunities while identifying potential pitfalls. My favorite picks are those ...

May 8, 2025 Quarterly Earnings Presentation NYSE: OBDC | | • • | Net asset value per share of $15.14, compared to $15.26 as of 12/31/2024 Adjusted net investment income per share of $0.3931 as of 3/31/2025 | | --- | --- | --- | | | | • GAAP net investment income per share of $0.41, down from $0.47 as of 12/31/2024 | | Earnings Summary | • | Adjusted net income per share of $0.3231 as of 3/31/2025 | | | | • GAAP net income per share of $0.49, up from $0.40 as of 12/31/2024 | | | • | Adjusted ROE on net inves ...

Blue Owl Capital Corporation (OBDC) Q1 2025 Earnings Call May 08, 2025 10:00 AM ET Company Participants Michael Mosticchio - Principal & Head of BDC Investor RelationsCraig Packer - Co-President & Chief Executive Officer of each of the Blue Owl BDCsLogan Nicholson - MD and President - Blue Owl BDCJonathan Lamm - MD and CFO & COO of Blue Owl BDCBrian Mckenna - Director - Equity ResearchMickey Schleien - MD - Equity ResearchMaxwell Fritscher - Equity Research Associate Conference Call Participants Casey Alexa ...

Blue Owl Capital Corporation (OBDC) Q1 2025 Earnings Call May 08, 2025 10:00 AM ET Speaker0 Good morning, everyone, and welcome to Blue Owl Capital Corporation's First Quarter twenty twenty five Earnings Call. As a reminder, this call is being recorded. At this time, I'd like to turn the call over to Mike Mestizio, Head of BDC Investor Relations. Speaker1 Thank you, operator, and welcome to Blue Owl Capital Corporation's First Quarter twenty twenty five Earnings Conference Call. Yesterday, Blue Owl Capital ...