Owl Rock(US:OBDC) Prnewswireยท2025-08-06 20:15Core Insights - Blue Owl Capital Corporation reported solid earnings for Q2 2025, achieving a 10.6% annualized return on adjusted net investment income, indicating strong portfolio performance and resilience across economic conditions [3][11][18] - The company declared a regular dividend of $0.37 per share and a supplemental dividend of $0.02 per share for Q2 2025, reflecting a commitment to returning value to shareholders [4][6][11] Financial Highlights - For Q2 2025, net investment income per share was $0.42, while adjusted net investment income per share was $0.40, showing a slight increase from $0.39 in the previous quarter [8][27] - Total investment income rose to $485.8 million from $464.6 million in Q1 2025, driven by increased prepayment-related income [18][25] - The net asset value (NAV) per share decreased to $15.03 from $15.14 in Q1 2025, primarily due to write-downs on a few investments [11][25] Portfolio Composition - As of June 30, 2025, the company had investments in 233 portfolio companies with a total fair value of $16.9 billion, averaging $72.4 million per investment [9][23] - The portfolio consisted of 75.8% first-lien senior secured debt investments, with 97.6% of debt investments at floating rates [10][12] Investment Activity - New investment commitments for Q2 2025 totaled $1.1 billion, with $906 million funded, while sales and repayments amounted to $1.9 billion [13][14][16] - The company experienced a slight decrease in the number of portfolio companies from 236 in Q1 2025 to 233 in Q2 2025 [12][13] Liquidity and Capital Resources - As of June 30, 2025, the company had $360.2 million in cash and restricted cash, with total debt outstanding at $9.3 billion, including $3.7 billion of undrawn capacity on credit facilities [20][28] - The funding mix comprised 41% secured and 59% unsecured borrowings, with compliance maintained under all financial covenants [20][28]