Blue Owl Capital Corporation (OBDC) reported second-quarter 2024 earnings per share (EPS) of 48 cents, which beat the Zacks Consensus Estimate by a penny. The bottom line remained flat year over year. The total investment income of Blue Owl Capital amounted to $396.8 million, which increased 0.6% year over year. Also, the top line beat the Zacks Consensus Estimate by 2%. Blue Owl Capital's better-than-expected second-quarter results were supported by growing investment income, strong portfolio performance, ...

Blue Owl Capital Corporation (NYSE:OBDC) Q2 2024 Earnings Conference Call August 8, 2024 10:00 AM ET Company Participants Mike Mosticchio - Head of BDC IR Craig Packer - CEO Jonathan Lamm - CFO and COO Logan Nicholson - Portfolio Manager OBDC, OBDE Conference Call Participants Brian McKenna - JMP Securities Robert Dodd - Raymond James Mark Hughes - Truist Securities Paul Johnson - KBW Kenneth Lee - RBC Capital Markets Casey Alexander - Compass Point Finian O'Shea - Wells Fargo Operator Good morning, everyon ...

| --- | --- | |-----------------------------------------------------|-------| | June 30, 2024 | | | Blue Owl | | | Capital Corporation Quarterly Earnings Presentation | | Review of Q2 2024 Earnings Summary Portfolio Update • Net asset value per share of $15.36, down from $15.47 as of 3/31/2024 • Net investment income per share of $0.48, up from $0.47 as of 3/31/2024 • Net income per share of $0.31, down from $0.47 as of 3/31/2024 • Annualized ROE on both net investment income and net income of 12.6%1 and 8. ...

For the quarter ended June 2024, Blue Owl Capital Corporation (OBDC) reported revenue of $396.76 million, up 0.6% over the same period last year. EPS came in at $0.48, compared to $0.48 in the year-ago quarter. The reported revenue represents a surprise of +2.04% over the Zacks Consensus Estimate of $388.84 million. With the consensus EPS estimate being $0.47, the EPS surprise was +2.13%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectation ...

Blue Owl Capital Corporation (OBDC) came out with quarterly earnings of $0.48 per share, beating the Zacks Consensus Estimate of $0.47 per share. This compares to earnings of $0.48 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 2.13%. A quarter ago, it was expected that this company would post earnings of $0.48 per share when it actually produced earnings of $0.47, delivering a surprise of -2.08%. Over the last four quarters ...

Financial Position - Total assets as of June 30, 2024, amounted to $13,866,620,000, an increase from $13,511,396,000 as of December 31, 2023[9] - Total liabilities increased to $7,872,336,000 from $7,490,003,000, showing a rise in financial obligations[9] - Net assets decreased to $5,994,284,000 from $6,021,393,000, indicating a slight decline in overall net worth[9] - Cash and cash equivalents decreased to $377,914,000 from $658,702,000, indicating a reduction in liquidity[9] - Net asset value per share as of June 30, 2024, was $15.36, down from $15.45 at the end of 2023[9] Investment Performance - Total investments at fair value reached $13,341,982,000, up from $12,713,348,000, reflecting a growth in investment portfolio[9] - Total investment income for Q2 2024 was $396,760, a slight increase from $394,223 in Q2 2023, representing a 0.4% growth[11] - Net investment income after taxes for the six months ended June 30, 2024, was $371,899, compared to $364,536 for the same period in 2023, reflecting a 2.3% increase[11] - The company reported a net increase in net assets resulting from operations of $122,220 for Q2 2024, down from $195,562 in Q2 2023, indicating a decrease of 37.4%[11] - Earnings per share for Q2 2024 were $0.31, compared to $0.50 in Q2 2023, representing a decline of 38%[11] Operating Expenses - Total operating expenses for Q2 2024 were $205,216, slightly up from $205,167 in Q2 2023, showing a marginal increase of 0.02%[11] - Management fee payable increased to $48,005,000 from $47,711,000, indicating higher management costs[9] Economic Outlook - The company anticipates potential impacts from economic downturns and market volatility on future performance[4] Investment Strategy - The company is actively managing its investment portfolio with a focus on senior secured loans, which are generally considered lower risk compared to unsecured loans[32] - Blue Owl Capital Corporation's diversified investment strategy includes a mix of loans across different maturity dates, enhancing its risk management profile[30] - The company is actively pursuing market expansion and strategic acquisitions to enhance its portfolio[60] Sector Investments - Blue Owl Capital's investment portfolio includes a first lien senior secured loan to Spotless Brands, LLC with an amortized cost of $47,171,000 and a fair value of $47,877,000, accounting for 0.8% of net assets[14] - The investment in Rocket BidCo, Inc. (dba Recochem) amounts to $193,567,000, with a fair value of $193,550,000, contributing 3.2% to net assets[18] - The investment in Food and Beverage sector shows an amortized cost of $415,235, with a fair value of $418,016, representing 6.9% of net assets[24] - The total fair value of investments as of June 30, 2024, reflects a diversified portfolio across various sectors, indicating strategic market positioning by Blue Owl Capital Corporation[33][34] Equity Investments - Total non-controlled/nonaffiliated portfolio company equity investments amounted to $648,039,000 with a fair value of $777,751,000, representing 12.9% of net assets[53] - The fair value of equity investments in non-controlled/nonaffiliated portfolio companies reached $821,525, accounting for 13.6% of net assets[89] Unrealized Gains and Losses - The estimated aggregate gross unrealized loss for U.S. federal income tax purposes is $434,600,000, while the estimated aggregate gross unrealized gain is $373,700,000[57] - The company reported a net estimated unrealized loss for U.S. federal income tax purposes of $60,900,000 based on a tax cost basis of $13,400,000,000[57] Recent Investments - The company has made significant investments in new technologies and products, including Alphasense, LLC and Blend Labs, Inc.[60] - The company holds a first lien senior secured loan to Access CIG, LLC with an amortized cost of $58,523,000 and a fair value of $58,760,000, accounting for 1.0% of net assets[65] - Blue Owl's investment in Hercules Borrower, LLC has an amortized cost of $173,628,000 and a fair value of $174,654,000, representing 2.9% of net assets[65] Summary of Financials - Total investments as of June 30, 2024, amount to $13,341,982,000, representing a 221.1% percentage of net assets[56] - The total controlled/affiliated portfolio company investments are valued at $1,604,264,000, which is 26.8% of net assets[56]

Merger of two high-quality, diversified portfolios with substantial investment overlap significantly enhances scale Will create second largest publicly traded BDC by total assets, with $18.4 billion of total assets on a pro forma basis at fair value NEW YORK, Aug. 7, 2024 /PRNewswire/ -- Blue Owl Capital Corporation (NYSE: OBDC) and Blue Owl Capital Corporation III (NYSE: OBDE) today announced that they have entered into a definitive merger agreement, with OBDC as the surviving company, subject to certain s ...

Exhibit 99.1 Blue Owl Capital Corporation Reports Second Quarter Net Investment Income Per Share of $0.48 and Net Asset Value Per Share of $15.36 NEW YORK — August 7, 2024 — Blue Owl Capital Corporation (NYSE: OBDC, or the "Company") today announced financial results for its second quarter ended June 30, 2024. SECOND QUARTER 2024 HIGHLIGHTS • Second quarter net investment income ("NII") per share of $0.48, exceeded the regular dividend by approximately 30% • Based on OBDC's supplemental dividend framework, ...

Blue Owl Capital Corporation (OBDC) is set to report its second-quarter 2024 results on Aug 7, after the closing bell. The Zacks Consensus Estimate for second-quarter earnings is currently pegged at 47 cents per share, implying a decline of 2.1% from the year-ago reported number. The estimate remained stable over the past month. The Zacks Consensus Estimate for second-quarter revenues is currently pegged at almost $388.8 million, suggesting a 1.4% fall from the year-ago actuals. Image Source: Zacks Investme ...

Blue Owl Capital Corporation (OBDC) , a business development company, is well-poised to grow on the back of strong credit performance, rising net investment income, strategic acquisitions and new investment commitments. Headquartered in New York, Blue Owl Capital has a market cap of $6.1 billion. Zacks Estimate Story: The Zacks Consensus Estimate for OBDC's 2024 earnings is pegged at $1.88 per share, which remained stable over the past week. Blue Owl Capital beat on earnings in three of the last four quarte ...