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
6 questions for OBDC
Also covers: ARCC, ARES, BX +17 more
CA
Casey Alexander
Compass Point Research & Trading, LLC
6 questions for OBDC
Also covers: ARCC, BBDC, BXSL +16 more
Finian O'Shea
Wells Fargo Securities
6 questions for OBDC
Also covers: ARCC, BBDC, BCSF +18 more
RD
Robert Dodd
Raymond James
6 questions for OBDC
Also covers: , ARCC, BBDC +24 more
MS
Mickey Schleien
Ladenburg Thalmann
4 questions for OBDC
Also covers: , CCAP, CCIF +15 more
Paul Johnson
Keefe, Bruyette & Woods
4 questions for OBDC
Also covers: ARCC, BCSF, BXSL +23 more
Arren Cyganovich
Truist
3 questions for OBDC
Also covers: AER, ARCC, BPOP +12 more
JH
John Hecht
Jefferies
2 questions for OBDC
Also covers: AFRM, ARCC, BFH +25 more
KL
Kenneth Lee
RBC Capital Markets
2 questions for OBDC
Also covers: AAMI, AMP, APAM +20 more
MH
Mark Hughes
Truist Securities
1 question for OBDC
Also covers: AIZ, AJG, AMBC +42 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 +10 more
SA
Sean-Paul Adams
Not Provided in Transcript
1 question for OBDC
Also covers: , ARCC, BXSL +18 more
Recent press releases and 8-K filings for OBDC.
Blue Owl Capital Reports Q4 2025 Financial Results
OBDC
Earnings
Dividends
- Blue Owl Capital Corporation reported a GAAP net investment income per share of $0.38 and a GAAP net income per share of $0.23 for Q4 2025.
- The net asset value per share was $14.81 as of December 31, 2025, a slight decrease from $14.89 as of September 30, 2025.
- The company declared a quarterly regular dividend of $0.37 per share for Q4 2025.
- The debt to equity ratio was 1.19x at quarter-end, and the company maintained $4.2 billion in liquidity in cash and undrawn debt.
- The total portfolio at fair value was $16.5 billion across 234 portfolio companies, with investments on non-accrual representing 1.1% of the total portfolio at fair value as of December 31, 2025.
Feb 19, 2026, 3:00 PM
Blue Owl Capital (OBDC) Reports Q4 2025 Results and Strategic Actions
OBDC
Earnings
Dividends
Share Buyback
- OBDC reported adjusted net investment income (NII) of $0.36 per share and a net asset value (NAV) of $14.81 per share for Q4 2025.
- The company completed a $1.4 billion asset sale, including $400 million from OBDC, at book value and an average price of 99.7%, which validated portfolio marks.
- OBDC repurchased $148 million of stock in Q4 2025 at an average 14% discount to NAV, and the board authorized a new $300 million share repurchase program.
- Credit quality remains strong with a non-accrual rate decreasing to 1.1% at fair value, and net leverage was reduced to 1.19 times; Moody's upgraded the company's rating to Baa2 in January.
- A Q1 2026 base dividend of $0.37 per share was declared, with future dividend evaluations considering the impact of lower rates and tighter spreads.
Feb 19, 2026, 3:00 PM
Blue Owl Capital (OBDC) Reports Q4 2025 Results, Terminates Merger, and Announces Asset Sales and Share Repurchase Program
OBDC
Earnings
M&A
Share Buyback
- OBDC terminated its proposed merger with OBDC II and subsequently sold $400 million of its assets at book value (average price of 99.7), contributing to a total $1.4 billion asset sale that enhanced portfolio diversity and reduced leverage by approximately 0.05 times.
- For Q4 2025, OBDC reported adjusted NII per share of $0.36 and a NAV per share of $14.81, with net leverage at 1.19 times.
- The company executed its largest ever share repurchase, buying back $148 million of stock at an average 14% discount to NAV, which was accretive by approximately 5 cents per share. A new $300 million share repurchase program was authorized.
- Credit quality remains strong, evidenced by a Moody's upgrade to Baa2. However, anticipated impacts from lower base rates and tighter spreads will lead to quarterly evaluations of the $0.37 base dividend.
Feb 19, 2026, 3:00 PM
Blue Owl Capital (OBDC) Reports Q4 2025 Results, Announces Asset Sales and Share Repurchase Program
OBDC
Earnings
Share Buyback
Dividends
- OBDC sold $400 million of assets at book value and an average price of 99.7% as part of a larger $1.4 billion transaction, which validates its valuation process and enhances portfolio diversity.
- The company repurchased $148 million of stock at an average 14% discount to NAV, which was accretive to NAV per share, and has increased its share buyback program to $300 million.
- For Q4 2025, OBDC reported adjusted NII per share of $0.36 and a quarter-end NAV of $14.81.
- Net leverage decreased to 1.19x due to $820 million in fundings against $1.4 billion in repayments.
- OBDC is maintaining its regular dividend of $0.37 for the quarter, but will re-evaluate it quarterly due to anticipated impacts from lower base rates and tighter spreads on earnings.
Feb 19, 2026, 3:00 PM
Blue Owl Capital Corporation Announces Q4 2025 Financial Results and Strategic Actions
OBDC
Earnings
Dividends
Share Buyback
- Blue Owl Capital Corporation reported Q4 2025 adjusted net investment income per share of $0.36 and a net asset value per share of $14.81 as of December 31, 2025.
- The company declared a regular dividend of $0.37 per share for Q4 2025 and Q1 2026.
- OBDC repurchased approximately $148 million of common stock in Q4 2025 and approved a new $300 million share repurchase program.
- The company announced the sale of $400 million of investments from its portfolio, part of a larger $1.4 billion transaction across Blue Owl BDCs, and received a Moody's upgrade to Baa2 in January 2026.
Feb 18, 2026, 9:19 PM
Blue Owl BDCs Announce $1.4 Billion Asset Sale
OBDC
M&A
Dividends
New Projects/Investments
- Certain Blue Owl BDCs, including Blue Owl Capital Corporation II (OBDC II), Blue Owl Technology Income Corp. (OTIC), and Blue Owl Capital Corporation (OBDC), have agreed to sell a total of $1.4 billion of direct lending investments.
- The sales include $600 million from OBDC II (approximately 34% of its total investment commitments), $400 million from OTIC (approximately 6%), and $400 million from OBDC (approximately 2%).
- The investments will be sold at 99.7% of par value as of February 12, 2026, with settlement expected in the first quarter of 2026.
- OBDC II intends to use its proceeds for a return of capital distribution of up to $2.35 per share (approximately 30% of net asset value as of December 31, 2025) to shareholders and to pay down debt, while OTIC and OBDC will use proceeds to pay down debt.
Feb 18, 2026, 9:14 PM
Blue Owl Capital Corporation Announces Q4 2025 Financial Results
OBDC
Earnings
Dividends
Share Buyback
- Blue Owl Capital Corporation (OBDC) reported Q4 2025 GAAP net investment income per share of $0.38 and adjusted net investment income per share of $0.36.
- The company's Net Asset Value (NAV) per share was $14.81 as of December 31, 2025.
- OBDC declared a regular dividend of $0.37 per share for Q4 2025 and repurchased approximately $148 million of its common stock. A new $300 million share repurchase program was approved, replacing the prior $200 million authorization.
- New investment commitments for Q4 2025 totaled $684 million, while sales and repayments were $1.4 billion. OBDC also announced the sale of $400 million of investments as part of a larger $1.4 billion direct lending investment sale across Blue Owl BDCs.
Feb 18, 2026, 9:10 PM
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
Quarterly earnings call transcripts for Blue Owl Capital.
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