Revenue: As of FY2026 Q2, the actual value is USD 401.34 M, beating the estimate of USD 393.25 M.

EPS: As of FY2026 Q2, the actual value is USD 0.13, missing the estimate of USD 0.3192.

EBIT: As of FY2026 Q2, the actual value is USD 299.87 M.

Blue Owl Capital Corporation announced its financial results for the second quarter ended June 30, 2026 .

Operational Metrics

• GAAP Net Investment Income (NII) per share was $0.36, while adjusted NII per share increased to $0.34, up from $0.31 in the prior quarter .
• GAAP net increase in net assets from operations was $0.13 per share, with adjusted net increase in net assets also at $0.13 per share .
• Total investment income reached $401,342 thousand, an increase from $396,774 thousand in the prior quarter, and adjusted total investment income was $395,726 thousand .
• Net investment income amounted to $176,173 thousand, with adjusted net investment income at $170,557 thousand .
• Total operating expenses decreased to $224,457 thousand from $266,849 thousand in the prior year quarter .
• Interest expense was $122,983 thousand, a decrease from $151,571 thousand in the prior year quarter .
• Management fees, net, were $57,346 thousand, and performance-based incentive fees were $36,156 thousand .
• GAAP net realized and unrealized losses were - $0.22 per share, and adjusted net realized and unrealized losses were - $0.21 per share .
• Net increase in net assets resulting from operations was $65,739 thousand, with adjusted net increase in net assets also at $65,739 thousand .

Net Asset Value (NAV)

• NAV per share was $14.26, a decrease from $14.41 as of March 31, 2026 .

Dividends

• Total dividends declared were $0.33 per share, representing an annualized dividend yield of 9.3% .
• A second quarter supplemental dividend of $0.02 per share was declared, along with a third quarter 2026 base dividend of $0.31 per share .

Investment and Portfolio Activity

• New investment commitments totaled $319 million across 5 new and 8 existing portfolio companies, which was lower than the $676 million committed in the prior quarter .
• The principal amount funded was $219 million, while aggregate principal amount of sales and repayments totaled $747 million .
• Investments on non-accrual represented 2.8% of the portfolio at cost and 0.8% at fair value .
• Blue Owl Capital Corporation’s portfolio consisted of investments in 229 companies across 30 industries, with an aggregate fair value of $15.0 billion and an average investment size of $65.3 million at fair value .
• Of the debt investments, 96.0% were at floating rates, and 78.8% were senior secured debt . The weighted average spread over the base rate of floating rate debt investments was 5.6%, and the weighted average total yield of accruing debt and income-producing securities at fair value was 9.9% .

Liquidity and Capital Resources

• The company held $238 million in cash and restricted cash .
• Total principal value of debt outstanding was $8.0 billion, with $4.2 billion in undrawn capacity on credit facilities .
• $5.3 billion in unsecured notes were outstanding, contributing to a funding mix of 33.6% secured and 66.4% unsecured borrowings .
• During the quarter, $800 million of unsecured debt was issued .
• The net debt-to-equity ratio was 1.11x .

Outlook

Blue Owl Capital Corporation anticipates being well-positioned to selectively deploy capital as market conditions stabilize and investment opportunities improve . The company maintains significant flexibility for compelling investment opportunities due to its low leverage and strong liquidity . The primary focus remains on delivering attractive risk-adjusted returns for shareholders .