OBDC
Blue Owl Capital Corporation12.98
-0.03-0.23%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Validates marks, accelerates OBDC II liquidity
Q&A doubled down on the $1.4B asset sale as resounding third-party validation of OBDC's marks, with $400M sold at 99.7—covering half the portfolio's exposure—using standard LSTA settlement sans tricks. Management debunked 'halting redemptions' for OBDC II, framing it as accelerated 30% pro rata payout now plus 5% quarterly, potentially halving capital by year-end. They balance buybacks against deployment amid hoped-for spread widening, while staying picky on software deals with exposure likely to dip. Dividend stays $0.37 but gets quarterly Board review as rates bite. Buyers paid par.
Key Stats
Market Cap
6.63BP/E (TTM)
9.21Basic EPS (TTM)
1.41Dividend Yield
0.11%Recent Filings
8-K
Q1 earnings schedule announced
Blue Owl Capital Corporation scheduled its Q1 2026 financial results release for May 6 after market close, following an April 1 announcement. The earnings call is set for May 7 at 10:00 a.m. ET, accessible via webcast or dial-in. No results disclosed yet. Investors await details on its $16.5B portfolio.
10-K
FY2025 results
Blue Owl Capital Corporation's FY2025 portfolio grew to $16.47B fair value across 234 companies, up from $13.19B in FY2024, with first-lien debt comprising 73.1% (derived). Q4 saw $4.3B new commitments but $5.2B repayments, yielding net contraction; weighted average yield held at 9.5% despite tighter spreads. Net investment income hit $800M after taxes, driving $627M net increase in assets from operations, but NAV dipped to $14.81 amid $173M net unrealized losses. Leverage stood at 1.19x debt-to-equity with $3.26B liquidity; $148M share repurchases accreted NAV. Economic downturns could impair portfolio companies' operations.
8-K
Q4 NII steady, $400M sale
Blue Owl Capital Corporation reported Q4 2025 adjusted NII per share of $0.36, steady from prior quarter, with NAV dipping to $14.81 amid credit markdowns offset by $148M stock repurchases at 86% of book value. Portfolio shrank to $16.5B after $1.4B repayments outpaced $684M commitments; non-accruals improved to 1.1% fair value. OBDC agreed to sell $400M investments at 99.8% par, cutting leverage while boosting flexibility. New $300M buyback approved.
8-K
Earnings date set
8-K
Over $115M stock repurchases
Blue Owl Capital Corporation disclosed over $115 million in open-market purchases of its common stock (NYSE: OBDC) during November through December 2, 2025, by executives and employees of Blue Owl Capital Inc. or under its existing repurchase program. Executives bought alongside the program. The program authorizes up to $200 million total.
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