Earnings summaries and quarterly performance for Blue Owl Capital.
Executive leadership at Blue Owl Capital.
Craig Packer
Detailed
Chief Executive Officer
CEO
JL
Jonathan Lamm
Detailed
Chief Operating Officer and Chief Financial Officer
KH
Karen Hager
Detailed
Chief Compliance Officer
LN
Logan Nicholson
Detailed
President
MS
Matthew Swatt
Detailed
Co-Chief Accounting Officer, Co-Treasurer, and Co-Controller
NR
Neena Reddy
Detailed
Vice President and Secretary
SW
Shari Withem
Detailed
Co-Chief Accounting Officer, Co-Treasurer, and Co-Controller
Board of directors at Blue Owl Capital.
Research analysts who have asked questions during Blue Owl Capital earnings calls.
BM
Brian McKenna
Citizens JMP Securities
4 questions for OBDC
Also covers: ARCC, ARES, BX +14 more
CA
Casey Alexander
Compass Point Research & Trading, LLC
4 questions for OBDC
Also covers: ARCC, BBDC, BXSL +14 more
Finian O'Shea
Wells Fargo Securities
4 questions for OBDC
Also covers: ARCC, BBDC, BCSF +18 more
MS
Mickey Schleien
Ladenburg Thalmann
4 questions for OBDC
Also covers: , CCAP, CCIF +13 more
RD
Robert Dodd
Raymond James
4 questions for OBDC
Also covers: , ARCC, BBDC +24 more
Paul Johnson
Keefe, Bruyette & Woods
2 questions for OBDC
Also covers: ARCC, BCSF, BXSL +22 more
Arren Cyganovich
Truist
1 question for OBDC
Also covers: ARCC, BPOP, BXSL +9 more
MH
Mark Hughes
Truist Securities
1 question for OBDC
Also covers: AIZ, AJG, AMBC +41 more
MF
Maxwell Fisher
Truist Securities
1 question for OBDC
Also covers: FG, UNM
MF
Maxwell Fritscher
Truist Financial Corporation
1 question for OBDC
Also covers: BXSL, EQH, FSK +9 more
SA
Sean-Paul Adams
Not Provided in Transcript
1 question for OBDC
Also covers: , ARCC, BXSL +17 more
Recent press releases and 8-K filings for OBDC.
Blue Owl Capital Corporation Terminates Merger with Blue Owl Capital Corporation II
OBDC
M&A
Share Buyback
New Projects/Investments
- Blue Owl Capital Corporation (OBDC) and Blue Owl Capital Corporation II (OBDC II) have terminated their previously proposed merger due to current market conditions, with plans to reevaluate alternatives in the future.
- OBDC II plans to reinstate its tender program in Q1 2026. Since its inception in 2017, OBDC II has achieved an 80% cumulative net return and a 9.3% annualized net return.
- OBDC's $200 million share repurchase program, which was announced concurrently with the merger, remains in place.
- As of September 30, 2025, OBDC had investments in 238 portfolio companies with an aggregate fair value of $17.1 billion, while OBDC II had investments in 190 portfolio companies with an aggregate fair value of $1.7 billion.
Nov 19, 2025, 2:10 PM
Blue Owl Capital Corporation Announces Q3 2025 Results
OBDC
Earnings
Dividends
Share Buyback
- Blue Owl Capital Corporation reported a net asset value per share of $14.89 and adjusted net investment income per share of $0.36 for Q3 2025.
- The total portfolio at fair value increased to $17.1 billion across 238 portfolio companies as of September 30, 2025.
- Investments on non-accrual represented 2.7% and 1.3% of the total portfolio at cost and fair value, respectively, with no material change to overall portfolio risk ratings from Q2 2025.
- The company declared a Q3 2025 regular dividend of $0.37 per share and a consistent Q4 2025 regular dividend, and implemented a new $200 million share repurchase program.
Nov 6, 2025, 3:00 PM
OBDC Reports Q3 2025 Results and Announces Merger with OBDC II
OBDC
Earnings
M&A
Share Buyback
- OBDC reported adjusted Net Investment Income (NII) per share of $0.36 and a Return on Equity (ROE) of 9.5% for Q3 2025, with Net Asset Value (NAV) per share at $14.89. The company's net leverage was 1.22 times, which is within its target range.
- The company announced a merger with OBDC II, with OBDC as the surviving entity, which is expected to add nearly $1 billion in net assets, increase the portfolio to $18.9 billion across 239 companies, and be accretive to NII over time. The transaction is anticipated to close in Q1 2026.
- OBDC's board authorized a new share repurchase program of up to $200 million, replacing the previous $150 million plan. The portfolio's credit performance remains strong, with a non-accrual rate of 1.3% at fair value.
Nov 6, 2025, 3:00 PM
Blue Owl Capital Corporation Announces Q3 2025 Results, Merger with OBDC II, and New Share Repurchase Program
OBDC
Earnings
M&A
Share Buyback
- Blue Owl Capital Corporation (OBDC) announced a definitive merger agreement with Blue Owl Capital Corporation II (OBDC II), with OBDC as the surviving company.
- The board approved a new share repurchase program of up to $200 million of common stock, effective November 4, 2025.
- For the third quarter ended September 30, 2025, GAAP net investment income per share was $0.37, and adjusted net investment income per share was $0.36.
- Net asset value (NAV) per share was $14.89 as of September 30, 2025.
- Investments on non-accrual represented 1.3% of the portfolio at fair value, an increase from 0.7% as of June 30, 2025.
Nov 5, 2025, 9:59 PM
Blue Owl Capital Corporation Announces Merger Agreement with Blue Owl Capital Corporation II
OBDC
M&A
Share Buyback
- Blue Owl Capital Corporation (OBDC) and Blue Owl Capital Corporation II (OBDC II) announced a definitive merger agreement, with OBDC as the surviving company.
- The merger is expected to increase OBDC's investment portfolio by $1.7 billion to approximately $18.9 billion across 239 portfolio companies, reinforcing its position as the second largest publicly traded BDC by total assets.
- The transaction is anticipated to generate approximately $5 million of operational cost savings in the first year and offers potential for Net Investment Income (NII) accretion over time.
- The merger is expected to close in the first quarter of 2026.
- Additionally, on November 4, 2025, OBDC's board approved a new share repurchase program for up to $200 million of its common stock.
Nov 5, 2025, 9:37 PM
Blue Owl Capital Corporation Announces Q3 2025 Results and Merger Agreement
OBDC
Earnings
M&A
Share Buyback
- Blue Owl Capital Corporation (OBDC) reported GAAP net investment income per share of $0.37 and adjusted net investment income per share of $0.36 for the third quarter ended September 30, 2025.
- The company's net asset value (NAV) per share was $14.89 as of September 30, 2025, and a fourth quarter 2025 regular dividend of $0.37 per share was declared.
- OBDC announced a definitive merger agreement with Blue Owl Capital Corporation II (OBDC II) and approved a new share repurchase program of up to $200 million.
- Investments on non-accrual represented 1.3% of the portfolio at fair value as of September 30, 2025, an increase from 0.7% as of June 30, 2025.
Nov 5, 2025, 9:37 PM
Blue Owl Capital Corporation and Blue Owl Capital Corporation II Announce Merger Agreement
OBDC
M&A
Share Buyback
- Blue Owl Capital Corporation (OBDC) and Blue Owl Capital Corporation II (OBDC II) have entered into a definitive merger agreement, with OBDC as the surviving company, expected to close in the first quarter of 2026.
- The merger is projected to increase OBDC's pro forma investment portfolio by $1.7 billion to approximately $18.9 billion across 239 portfolio companies, reinforcing its position as the second largest publicly traded BDC.
- The transaction is anticipated to generate approximately $5 million in operational cost savings in the first year and offers potential for Net Investment Income accretion over time.
- Additionally, OBDC's board approved a new share repurchase program on November 4, 2025, authorizing the repurchase of up to $200 million of its common stock.
Nov 5, 2025, 9:35 PM
Blue Owl Capital Corporation Reports Strong Q4 and Full-Year 2024 Results and Details OBDE Merger Benefits
OBDC
Earnings
M&A
Dividends
- Blue Owl Capital Corporation (OBDC) reported strong Q4 and full-year 2024 results, with Net Investment Income (NII) of $0.47 per share for Q4 and $1.89 per share for the full year, and a Return on Equity (ROE) of 12.4% for Q4 and 12.2% for the full year.
- The company closed its merger with Blue Owl Capital Corporation III (OBDE) in January, making OBDC the second largest publicly traded BDC by total assets. This merger is expected to generate more than $5 million in operational savings in year one and reduce financing costs over time.
- OBDC achieved record originations in 2024 and deployed approximately $1.2 billion in new investment commitments in Q4, with over 97% of Q4 origination activity consisting of first-lien investments. The non-accrual rate remains low at 40 basis points of the portfolio at fair value, decreasing to 30 basis points pro forma with OBDE.
- The board declared a $0.05 supplemental dividend based on Q4 results and a $0.37 base dividend for Q1 2025. The company also plans to file a $750 million at-the-market equity issuance program.
- While lower rates and spreads may impact 2025 ROE to the 10s, the company anticipates the OBDE merger synergies could add 50 to 75 basis points to ROE.
Feb 20, 2025, 3:00 PM
Quarterly earnings call transcripts for Blue Owl Capital.
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