Owl Rock(OBDC)

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Owl Rock(OBDC) - 2024 Q4 - Annual Results
2025-02-19 21:46
Exhibit 99.1 DISCLAIMERS The preliminary financial estimates provided herein have been prepared by, and are the responsibility of, the Company's management. Neither KPMG LLP, the Company's independent registered public accounting firm, nor any other independent accountants, have audited, reviewed, compiled, or performed any procedures with respect to the accompanying preliminary financial data. Blue Owl Capital Corporation Announces Preliminary Fourth Quarter Financial Results and Portfolio Update NEW YORK ...
Blue Owl Capital Corporation Schedules Earnings Release and Quarterly Earnings Call to Discuss its Fourth Quarter and Fiscal Year Ended December 31, 2024 Financial Results
Prnewswire· 2025-01-22 13:30
NEW YORK, Jan. 22, 2025 /PRNewswire/ -- Blue Owl Capital Corporation (NYSE: OBDC) ("OBDC") today announced it will release its financial results for the fourth quarter and fiscal year ended December 31, 2024 on Wednesday, February 19, 2025 after market close. OBDC invites all interested persons to its webcast / conference call on Thursday, February 20, 2025 at 10:00 a.m. Eastern Time to discuss its fourth quarter and fiscal year ended December 31, 2024 financial results. Conference Call Information: The con ...
Blue Owl Capital Corporation Completes Merger with Blue Owl Capital Corporation III
Prnewswire· 2025-01-13 13:33
Creates the second largest publicly traded BDC by total assetsNEW YORK, Jan. 13, 2025 /PRNewswire/ -- Blue Owl Capital Corporation (NYSE: OBDC) today announced the closing of its merger with Blue Owl Capital Corporation III ("OBDE"), with OBDC as the surviving company. This merger now makes OBDC the second largest externally-managed, publicly traded BDC by total assets with $18.6 billion of total assets at fair value and investments in 232 portfolio companies, on a pro forma combined basis as of September 3 ...
Blue Owl Capital Corporation and Blue Owl Capital Corporation III Announce Shareholder Approvals of Merger
Prnewswire· 2025-01-08 21:30
NEW YORK, Jan. 8, 2025 /PRNewswire/ -- Blue Owl Capital Corporation (NYSE: OBDC) and Blue Owl Capital Corporation III (NYSE: OBDE) today announced that each company obtained shareholder approval of all proposals related to the previously announced merger between the two companies at their respective shareholder meetings held today. Shareholders voted overwhelmingly in favor of the proposed transaction, with over 97% of OBDC votes cast and nearly 100% of OBDE votes cast, respectively, voting in favor of the ...
Leading Independent Proxy Advisory Firms ISS and Glass Lewis Recommend that Shareholders Vote "FOR" the Pending Merger between OBDC and OBDE
Prnewswire· 2025-01-03 14:07
NEW YORK, Jan. 3, 2025 /PRNewswire/ -- Blue Owl Capital Corporation (NYSE: OBDC) and Blue Owl Capital Corporation III (NYSE: OBDE) today announced that leading independent proxy advisory firms, Institutional Shareholder Services ("ISS") and Glass Lewis & Co. ("Glass Lewis"), have recommended that OBDE shareholders vote "FOR" the pending merger between OBDC and OBDE, and that OBDC shareholders vote "FOR" both proposals associated with the merger at upcoming special meetings on January 8, 2025. In its report ...
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OBDC's Q3 Earnings Miss on Higher Expenses, Investment Income Up
ZACKS· 2024-11-07 17:56
Core Viewpoint - Blue Owl Capital Corporation reported weaker-than-expected third-quarter 2024 earnings, primarily due to increased expenses and lower interest income from non-controlled investments, despite a slight increase in total investment income [1][2]. Financial Performance - Earnings per share (EPS) for Q3 2024 was 47 cents, missing the Zacks Consensus Estimate by 1 cent and declining by 2 cents year-over-year [1]. - Total investment income reached $406.03 million, reflecting a year-over-year increase of 1.8% and surpassing the Zacks Consensus Estimate by 1.6% [1]. - Net investment income decreased by 2.7% year-over-year to $184.9 million, falling short of the estimate of $188.9 million [3]. - The company recorded a net income of $135.4 million in Q3 2024, down from $206.9 million in the same period last year [5]. Investment and Portfolio - Blue Owl Capital had total new investment commitments of $1.2 billion across 23 new portfolio companies and 14 existing ones [3]. - As of September 30, 2024, the company had investments in 219 portfolio companies with an aggregate fair value of $13.4 billion, resulting in an average investment size of $61.4 million per company [4]. Expenses and Cash Flow - Total expenses increased by 5.5% year-over-year to $217.6 million, exceeding the estimate of $208.9 million, driven by higher interest expenses, management fees, and general administrative expenses [4]. - Net cash used in operating activities for the first nine months of 2024 was $285.74 million, compared to $721.75 million in the prior year [7]. Balance Sheet and Debt - The company ended Q3 2024 with a cash balance of $481.3 million, down from $658.7 million at the end of 2023 [6]. - Total assets rose to $14.09 billion from $13.51 billion at the end of 2023, while debt increased to $7.74 billion from $7.08 billion [6]. Dividend and Share Repurchase - The board declared a fourth-quarter 2024 dividend of 37 cents per share, payable on or before January 15, 2025, and a supplemental dividend of 5 cents per share for Q3 2024 [8]. - A new share repurchase plan for 2024 was approved, allowing for the purchase of up to $150 million in shares, although no repurchases were made in Q3 [9].
Blue Owl Capital Corporation (OBDC) Q3 Earnings Lag Estimates
ZACKS· 2024-11-07 00:10
Core Viewpoint - Blue Owl Capital Corporation reported quarterly earnings of $0.47 per share, missing the Zacks Consensus Estimate of $0.48 per share, and showing a decrease from $0.49 per share a year ago, resulting in an earnings surprise of -2.08% [1][2] Financial Performance - The company posted revenues of $406.03 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 1.55%, and showing an increase from $399.02 million year-over-year [2] - Over the last four quarters, Blue Owl Capital Corporation has exceeded consensus EPS estimates two times and topped consensus revenue estimates four times [2] Stock Performance - Blue Owl Capital Corporation shares have declined approximately 0.7% since the beginning of the year, contrasting with the S&P 500's gain of 21.2% [3] - The current Zacks Rank for the stock is 4 (Sell), indicating expectations of underperformance in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.47 on revenues of $396.22 million, and for the current fiscal year, it is $1.91 on revenues of $1.59 billion [7] - The trend for estimate revisions ahead of the earnings release has been unfavorable, which may impact future stock performance [6] Industry Context - The Financial - Miscellaneous Services industry, to which Blue Owl Capital Corporation belongs, is currently ranked in the top 29% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]
Owl Rock(OBDC) - 2024 Q3 - Quarterly Report
2024-11-06 21:06
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________________ FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from_______to Commission File Number 814-01190 ______________________________________________ BLUE OWL CAPITAL CORPORATION ...
Blue Owl Capital Corporation Celebrates the Five-Year Anniversary of Wingspire Capital
Prnewswire· 2024-10-22 12:30
Over $4.5 billion in financing commitments across Wingspire Equipment Finance and Wingspire Corporate FinanceNEW YORK, Oct. 22, 2024 /PRNewswire/ -- Blue Owl Capital Corporation (NYSE: OBDC) announced the five-year anniversary of its investment in Wingspire Capital ("Wingspire"), a premier asset-backed direct lender that operates two business units, Wingspire Equipment Finance and Wingspire Corporate Finance.Blue Owl Capital Corporation launched Wingspire in the fall of 2019 and has increased its support st ...