Owl Rock Capital Corporation (ORCC) Q1 2023 Earnings Conference Call May 11, 2023 10:30 AM ET

Company Participants

Dana Sclafani - Head, IR

Craig Packer - President, CEO & Director

Jonathan Lam - CFO & COO

Conference Call Participants

Casey Alexander - Compass Point Research & Trading

Robert Dodd - Raymond James & Associates

Ryan Lynch - KBW

Mickey Schleien - Ladenburg Thalmann & Co.

Erik Zwick - Hovde Group

Kenneth Lee - RBC Capital Markets

Kevin Fultz - JMP Securities

Mark Hughes - Truist Securities

Operator

Good morning, and welcome to the Owl Rock Capital Corporation First Quarter 2023 Earnings Conference Call. [Operator Instructions]. Please note, this conference is being recorded. I will now turn the conference over to our host, Dana Sclafani, Head of IR. Thank you. You may begin.

Dana Sclafani

Thank you, operator. Good morning, everyone, and welcome to Owl Rock Capital Corporation's first quarter earnings call. Joining me this morning are our Chief Executive Officer, Craig Packer; our Chief Financial Officer and Chief Operating Officer, Jonathan Lam; and other members of our senior management team. I'd like to remind our listeners that remarks made during today's call may contain forward-looking statements, which are not a guarantee of future performance or results and involve a number of risks and uncertainties that are outside the company's control. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described in ORCC's filings with the SEC. The company assumes no obligation to update any forward-looking statements.

Certain information discussed on this call and in our earnings materials, including information related to portfolio companies, was derived from third-party sources and has not been independently verified. The company makes no such representations or warranties with respect to this information. ORCC's earnings release, 10-Q and supplemental earnings presentation are available on the Investor Relations section of our website at owlrockcapitalcorporation.com. With that, I'll turn the call over to Craig.

Craig Packer

Thanks, Dana. Good morning, everyone, and thank you all for joining us today. We are pleased to report another quarter of very strong results, driven by continued growth in earnings and strong credit performance. Our net investment income for the first quarter was $0.45 per share, a $0.04 increase from the prior quarter and a $0.14 increase compared to a year ago. This is a new record quarterly NII for the company.